Presidents Day is on Monday, Feb. 17, giving some employees and students the day off, while others will head in to work on the federal holiday. Grocery stores, retail stores and restaurants will largely remain open on the holiday, but that will not be the case for banks, post offices, government offices and the stock…
The S&P 500 ended down on Wednesday after a hotter-than-expected U.S. inflation reading added to worries that the Federal Reserve would not cut interest rates anytime soon, while CVS Health and Gilead Sciences rallied after upbeat quarterly reports. Nvidia NVDA.O and Amazon AMZN.O dipped more than 1%, with the two AI computing heavyweights weighing on the S&P 500 .SPX. U.S. consumer…
President Donald Trump delayed ending the trade loophole that allows low-value packages to arrive duty-free from China on Friday, meaning the products can continue to enter the U.S. without tariffs—for now. The move is the latest in a series of tariff announcements and delays this week. Earlier this week, Trump’s executive orders for tariffs on…
Tesla TSLA.O posted lower sales across five European countries in January, including the United Kingdom and France, as competitors with newer models gained on the electric vehicle maker and polls show public opinion souring on CEO Elon Musk. Musk has made a high-profile foray into politics, with much of his 2024 dominated by his financial support of Donald Trump,…
Shoppers awaiting packages from popular retailers like Shein and Temu can still expect their packages after the U.S. Postal Service reversed its quick pause on packages from China and Hong Kong Wednesday. President Donald Trump signed executive orders Saturday implementing tariffs on Mexico, Canada and China. Part of those orders was to halt “de minimis,”…
The U.S. Postal Service announced Wednesday it will continue accepting all inbound mail and packages from China and Hong Kong, quickly reversing the suspension that went into effect Tuesday. “The USPS and Customs and Border Protection are working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption…
The tariffs that President Donald Trump said he’ll impose Saturday on imports from Canada, Mexico and China would reignite inflation and deal a significant blow to an economy that has been chugging along, economists said. The Federal Reserve’s preferred annual inflation measure, which was at 2.8% in December, would rise to 3% by the end…
President Donald Trump’s plan to impose tariffs on three of the nation’s biggest trading partners Saturday could have sweeping impact across the world, and raise prices for American consumers. Trump will impose 25% tariffs on goods from Canada and Mexico, a decision he said he hopes decreases the amount of fentanyl and migrants coming into…
Harry Robertson. Iain Withers, Ankur Banerjee LONDON, Jan 31 (Reuters) – Global stocks rose on Friday at the end of a volatile week for markets, as sentiment was buoyed by Apple’s earnings report and an in-line U.S. inflation reading. Meanwhile, currency traders were bracing for U.S. President Donald Trump to put 25% tariffs on Canada and…
The lawsuit stemmed from Trump’s ban from Facebook and Instagram following the January 6th insurrection. The settlement does not require Meta to admit any wrongdoing. The settlement comes amid a series of moves by Meta CEO Mark Zuckerberg seen as aligning the company more closely with the political right. Meta, the parent company of Facebook…