Business

President Donald Trump announced his latest plan for tariffs Wednesday afternoon in an event at the White House Rose Garden, which he said is going to focus on imposing reciprocal tariffs on U.S. trading partners.Trump's "Liberation Day" tariff announcement comes after the conclusion of the trading day for U.S. financial markets, which have been rattled by uncertainty over tariffs in recent weeks. The S&P 500 is down about 3.9% year to date […]

A new proposal would allow people to write off auto loan interest paid on their taxes.The "United States Automobile Consumer Assistance and Relief Act (USA CAR Act)" would allow people to make the deduction if the car was built in the United States, according to Sen. Bernie Moreno, R-Ohio, the bill’s sponsor."For decades, the American auto sector has been devastated by bad trade deals and bad leaders, who shipped American […]

Boeing CEO Kelly Ortberg told lawmakers on Capitol Hill on Wednesday that the company would not ramp up production until it has a stable production system. Despite being years behind the production schedule, Ortberg, who outlined the company's progress in improving its safety standards in front of the Senate Commerce Committee, said the company is working "to do this right" as the company tries to repair its reputation following a series […]

Amazon has made a bid to acquire TikTok as the popular social media app faces a looming deadline to be divested from its China-based owner or face a ban in the U.S. that could take effect this month.A Trump administration official told Reuters on Wednesday that the e-commerce giant made a bid to buy TikTok ahead of the looming ban.The New York Times previously reported, citing three people familiar with the […]

Tesla’s shares spiked on an unconfirmed report that the electric vehicle maker’s CEO, Elon Musk, may exit the Department of Government Efficiency (DOGE).Politico, citing unnamed sources, reported Wednesday that President Donald Trump let his Cabinet and inner circle know that Musk's departure from DOGE was coming soon, with the Tesla CEO poised to move to more of a supporting role.White House press secretary Karoline Leavitt responded to the report, calling […]

UFC and Meta Platforms have inked a major deal with each other.The mixed martial arts (MMA) organization unveiled the "multi-year" partnership with Meta on Wednesday, saying the Mark Zuckerberg-run tech giant will now serve as its first "Official Fan Technology Partner." They will team up to "use Meta’s technology platforms, services, and products, including Meta AI, Meta Glasses, Meta Quest, Facebook, Instagram, WhatsApp and Threads, to immerse fans deeper into UFC […]

Morgan Wallen is making lemonade out of lemons.The "Last Night" singer shared on his Instagram story on Tuesday that he is selling new merchandise, including T-shirts and baseball caps with the words "Get me to God's Country" written on them.The announcement comes a few days after the country star was featured as the musical guest on the March 29 episode of "Saturday Night Live," when he performed two songs from […]

The head of one of the biggest companies in entertainment is praising the administration's move to cut down on price-gouging that has proliferated in the concert industry. Live Nation Entertainment Inc. CEO Micheal Rapino thanked the administration for "taking ticket scalping head-on," saying the order will protect American consumers and artists. The company, which owns Live Nation and TicketMaster and is seen as a dominant force in the live entertainment industry, promoting, […]

ChatGPT creator OpenAI on Monday revealed it is getting up to $40 billion in new funding. The money came out of a new fundraising round for the artificial intelligence (AI) company in which SoftBank Group is serving as the lead investor. The Japanese investment group said it has agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion in December, contingent on the AI firm transitioning to for-profit […]