The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices…
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Shanghai is banking on more international sporting events and concerts in the city this summer to revive spending to counter the blows to consumer confidence from the China-US trade war. The city will host international equestrian, archery, triathlon and Formula E events in…
Starting Friday, the Trump administration is shelving a nearly century-old tax loophole that saved companies from paying tens of billions of dollars in fees on cheap imports, most of which come from China. The move stems from the sweeping tariffs President Donald…
Kevin Warsh was sitting in the East Room of the White House when President Donald Trump took a beat to praise the former central banker. At the January 2020 signing ceremony, Trump turned to the former Federal Reserve governor —…
Little warning signs are flashing across the economy. The big question is what to make of them. With consumers growing more pessimistic, households and global businesses alike are yanking back on new spending and investments. And a growing pile of data points…
China has signaled that it is becoming more open to engaging in trade negotiations with the Trump administration, according to two blogs closely associated with China’s state apparatus, even as Beijing maintains a defiant stance in the trade war. After three months of bluster…
The White House on Friday will release a partial budget proposal that calls for $163 billion in cuts to federal spending in the next fiscal year, a person familiar with the matter confirmed. The upcoming “skinny budget” will propose cuts…
The White House is coming down on Amazon over a Tuesday report from Punchbowl News that claimed the world’s largest online retailer will start showing how much Trump’s tariffs affect the price of each product. Amazon, however, says the report was inaccurate…
You’ll have to save more before you pick up the next Call of Duty or Halo game. Microsoft has announced a series of price increases that will see the recommended retail price of its first-party games increase to $79.99. The systems used to play…
Mark Zuckerberg’s plan is to make Meta the market leader in artificial intelligence. Investors will want to know how President Donald Trump’s tariffs-heavy trade policies will impact that strategy. Those answers could start to come as soon as this week as Meta’s AI…
