Elon Musk, the world’s richest man and a major benefactor to Trump in last year’s election, said Tuesday that he will do “a lot less” political spending moving forward.
Category Archives: business
Home Depot doesn’t plan to raise prices due to tariffs
Home Depot stuck by its full-year sales forecast, and a top executive said the retailer doesn’t plan to hike prices because of tariffs.
Tariffs or not, a Chinese baby products company is ramping up its U.S. expansion
One Chinese baby products company announced Tuesday it is officially entering the United States, the world’s largest consumer market — regardless of the trade war.
China’s EV battery leader surges in world’s biggest listing this year
A leading Chinese electric-vehicle battery maker made its Hong Kong trading debut on Tuesday in the world’s biggest listing so far this year.
Mortgage rates cross back over 7% after U.S. credit downgrade
After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating.
Ray Dalio says the risk to U.S. Treasurys is even greater than what Moody’s is saying
Bridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S.
Treasure secretary calls Moody’s a ‘lagging indicator’ after U.S. credit downgrade
Treasury Secretary Scott Bessent said in an interview on NBC News’ “Meet the Press” that Moody’s ratings were a “lagging indicator” after the group downgraded the United States’ credit rating by a notch from the highest level.
Treasury Sec. Bessent: Walmart will ‘eat some of the tariffs’ after announcing price hikes
After speaking with Walmart CEO Doug McMillon, Treasury Secretary Scott Bessent echoes President Trump, saying Walmart will need to absorb some of the president’s tariffs. The retailer had warned that consumers would see higher prices as a result of the trade war.
Police say Palm Springs bombing near fertility clinic was intentional
A massive explosion outside of a fertility clinic in Palm Springs left one person dead and at least four injured. The bombing is being investigated as an “act of terrorism.” According to the clinic, the eggs, embryos and reproductive material were “fully secure and undamaged.” NBC’s Camila Bernal reports for Sunday TODAY.
How Mike Pence says he came to the conclusion he should ‘part ways’ with Trump
Former Vice President Mike Pence tells Meet the Press he was “saddened” to see President Trump return to the “same rhetoric” in his second term that he had used leading to the January 6 attack on the Capitol.