President Donald Trump exempted smartphones, computers, and other tech devices and components from his new tariffs, new guidance from U.S.
Category Archives: business
Bond market moves raise fears of growing bets against America
Treasury yields have been behaving unusually, sparking concerns that the typical “safe haven” investment might be losing some of its shine.
Millennials have lived through economic uncertainty before. They’re not nostalgic for more.
Millennials have already had several recessions during formative stages of their lives. To cope with the possibility of another one, they’re using dark humor on TikTok.
Escalating trade war set to raise costs on Shein, Temu
Fast fashion could become more expensive for consumers as China-based retailers like Temu and Shien will no longer be able to ship goods to the U.S. cheaply due to the closing of a tariff loophole. Will this send shoppers to more sustainable fashion brands? NBC News’ Kathy Park reports.
A wild week of tariff swings leaves consumers and Wall Street on edge
Tariffs were on, then they were off. At least temporarily, and only some of them — but not for China, which got hit with steeper duties and promptly hit back.
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily.
Frontier Airlines cuts flights after travel demand fell in March
Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.”
Dow jumps 600 points Friday, capping one of the most volatile weeks on Wall Street ever
Stocks climbed Friday as Wall Street wrapped up a historically wild week.
GM cutting jobs, idling Canadian electric van plant due to ‘market demand’
DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year.
BlackRock CEO says U.S. may be in a recession now
BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative.