U.S. inflation held steady in April in what economists warn could be a final lull before a likely surge in consumer prices because of President Trump’s trade war. The Consumer Price Index rose 2.3 percent from a year earlier, slightly below the previous month’s annual increase, data released by the Bureau of Labor Statistics showed…
Vindication? In the span of 24 hours, the “buy America” trade is back on and the odds of a U.S. recession have dipped. And pressure on the Fed to cut interest rates has abated despite the uncertainty surrounding Tuesday’s Consumer Price Index report. That has made Jay Powell one of the biggest beneficiaries from Monday’s…
President Trump’s decision to negotiate a break for China on tariffs is galling for Japan, which is reeling from auto sector levies that the White House has shown no sign of willingness to lift. Japan, a top U.S. ally in Asia, was eager to advance trade negotiations with Washington, even as Mr. Trump imposed tariffs…
The U.S. welcome mat is rolling up — at least that’s how some international travelers see it, according to the World Travel & Tourism Council, a global organization representing the travel and tourism industry. And the cost for that hospitality lapse will be high. The United States is on track to lose $12.5 billion in…
May 12 Update: Read more about the executive order and what it means here. President Trump will sign an executive order on Monday aimed at lowering some drug prices in the United States by aligning them with what other wealthy countries pay, he said on Truth Social on Sunday evening. The proposal he described, which…
There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s called cementation. Montana Resources, the…
A temporary reprieve in trade tensions between the United States and China has reduced, but not eliminated, the odds of a shock to the economy that carries a whiff of stagflation, a top official at the Federal Reserve warned on Monday. Austan D. Goolsbee, president of the Federal Reserve Bank of Chicago, said tariffs and…
Two Chinas inhabit the American imagination: One is a technology and manufacturing superpower poised to lead the world. The other is an economy that’s on the verge of collapse. Each reflects a real aspect of China. One China — let’s call it hopeful China — is defined by companies like the A.I. start-up DeepSeek, the…
President Trump has defended his decision to introduce tariffs on goods from other countries by arguing that it will lead companies to shift production to the United States, bringing back jobs. For German companies, which have been producing their goods in the United States since the late 1800s, such arguments ring hollow. Thousands of German…
Fox Corp. revealed new details about its streaming service on Monday, including that it would debut this fall and would be called Fox One. The announcement came ahead of the company’s upfront, an annual pitch to entice advertisers with a slate of upcoming shows. Lachlan Murdoch, the company’s chief executive and son of the Fox…
