Business

Kevin Carter/Getty Images (NEW YORK) — President Donald Trump’s tariffs are costing Jeep maker Stellantis hundreds of millions of dollars, the company said Monday. The giant carmaker expects to have suffered nearly $350 million in losses over the first half of 2025 due to direct tariff payments as well as a loss of planned production […]

Spencer Platt/Getty Images (NEW YORK) — Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries. The fresh reading matched economists’ expectations. The recent resurgence of consumer sentiment followed six straight months of worsening attitudes, according to University of Michigan survey data released […]

(WASHINGTON) — Private spaceflight is transforming from joy rides for billionaires into a gateway for nations to establish their space presence, one expert says, as the latest Axiom Space mission returned to Earth on Tuesday. The mission marked a historic moment for India, Poland and Hungary, who sent astronauts to the International Space Station (ISS) […]

Matteo Colombo/Getty Images (NEW YORK) — Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices. The Dow Jones Industrial Average dropped 115 points, or […]

Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump has posted two letters on his social media platform announcing new tariffs on the European Union and Mexico that will take effect on Aug. 1. Trump will impose a 30% tariff on Mexico due to fentanyl crossing the border, he said in a letter to Mexican President […]

Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month. The Dow Jones Industrial Average tumbled 250 points, or 0.5%, in early trading on Friday, erasing some of the […]

Artur Widak/NurPhoto via Getty Images (NEW YORK) — Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk. Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two years ago. In post on X announcing her departure, […]

Andrew Caballero-Reynolds/AFP via Getty Images (WASHINGTON) — Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others. The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq declined 0.9%. Tesla, the electric-vehicle company led by […]

Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said. Trump’s so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters. Minutes earlier, […]

Ben Hasty/MediaNews Group/Reading Eagle via Getty Images (NEW YORK) — Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend. The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% […]