A new jobs report released Friday shows 151,000 new jobs were added last month short of the 170,000 jobs expected. The early data does not yet take into account the mass layoffs across the federal government. NBC’s Brian Cheung joins Saturday TODAY to break down what you need to know.
Category Archives: business
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some tariffs on goods. NBC’s Vaughn Hillyard reports for Saturday TODAY.
First White House crypto summit leaves some investors unhappy
The White House hosted its first-ever “crypto summit” Friday, convening top executives from various digital asset firms to discuss the Trump administration’s commitment to rolling back the aggressive regulatory posture the Biden administration took toward the industry.
Trump Organization sues Capital One bank over account closures after Jan. 6 Capitol riot
The Trump Organization sued Capital One in Florida on Friday for allegedly “unjustifiably” closing more than 300 of the company’s bank accounts on the heels of the Jan.
Cracks appear in a retail landscape where hiring has flatlined
Retailers aren’t looking too eager to hire lately. Many are girding for tariffs as sales slow, store closures mount and consumers shop more online.
United Airlines partners with Elon Musk’s Starlink to offer free in-flight Wi-Fi
United Airlines is moving forward with a plan to offer free in-flight internet to its loyalty rewards members through a partnership with Starlink, the satellite internet provider owned by Elon Musk’s SpaceX.
Trump halts tariffs on goods from Mexico, Canada after stocks fall
After a week of back-and-forth with the United States’ largest trading partners that sent markets tumbling, President Donald Trump declares that more goods from Canada and Mexico won’t be included in the latest tariffs. This includes a wide range of products from avocados to auto parts. NBC’s Christine Romans reports for TODAY.
CFPB drops lawsuit against banks behind payment system Zelle
The CFPB, under acting director Russell Vought, dropped a lawsuit today against three of the largest banks in the U.S. The banks are co-owners of the peer-to-peer payment system Zelle and had been accused of failing to “take meaningful action” against fraud that cost customers $870 million. The banks had denied the allegations in the suit. NBC News’ Brian Cheung reports.
How Trump’s Canada and Mexico tariffs risk higher prices on cars
President Donald Trump’s decision to impose a 25% tariff on all imports coming into the U.S. from Canada and Mexico is expected to take a particular toll on the U.S. auto industry.
Trump could scale back Canada, Mexico tariffs Wednesday, Lutnick says
President Donald Trump will “probably” announce tariff compromise deals with Canada and Mexico soon, Commerce Secretary Howard Lutnick said Tuesday.