Business

President Donald Trump’s announcement of reciprocal tariffs has put the world on edge, with foreign leaders forming their responses. Some are threatening retaliation, while others are looking to negotiate better deals for their countries.Billionaire investor Bill Ackman is sending a clear message to world leaders hoping to strike a deal with the U.S.: Don’t wait too long.CHINA THREATENS TO RETALIATE AFTER TRUMP TARIFF WAVE CRASHES"My advice to foreign leaders is […]

President Donald Trump imposed sweeping reciprocal tariffs on the majority of countries that trade with the U.S. "Reciprocal? That means they do it to us, and we do it to them. Very simple. Can't get any simpler than that. This is one of the most important days, in my opinion, in American history. It's our declaration of economic independence," he said Wednesday. On Thursday, U.S. stocks sold off sharply on the developments.WHAT […]

Vice President JD Vance on Thursday discussed the economy and the Department of Government Efficiency’s (DOGE) work in a wide-ranging interview on "FOX & Friends." The vice president sat down with "FOX & Friends" co-host Lawrence Jones on Thursday morning, one day after President Donald Trump unveiled a 10% tariff on imported goods from foreign countries and "individualized reciprocal higher" tariffs on certain countries, marking the latest levies that the president […]

Chinese officials are threatening to retaliate after President Donald Trump imposed sweeping sanctions across virtually all U.S. trading partners on Wednesday.Trump unveiled his reciprocal tariff plan at a Wednesday event, smacking China with a 34% tariff on imports to the U.S. in addition to the blanket 10% tariff the Trump administration applied on all countries."The U.S., under the guise of ‘reciprocity,’ has imposed tariffs on products from multiple countries, including […]

Mortgage rates ticked lower this week, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage fell slightly to 6.64% from last week's reading of 6.65%. The average rate on a 30-year loan was 6.82% a year ago."Over the last month, the 30-year fixed-rate has settled in, making only slight moves in either direction," said […]

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 […]