Trump considers exceptions for auto parts facing 25% U.S. tariffs
President Donald Trump said he is exploring possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up U.S. manufacturing.
Bloomberg News
Articles
As Easter approaches, egg prices hit record as retailers keep costs high on supply fears
The increase comes even as prices for wholesalers that supply grocery stores have dropped steeply.
Trump says ‘be cool’ after tariffs, adds ‘great time to buy’
President Donald Trump comments are a sign the White House is closely monitoring market reaction to the administration’s sweeping reciprocal tariffs, which went into effect at 12:01 a.m. Wednesday.
Stellantis offers to help suppliers pay tariff costs
The discussions highlight how the auto industry is beginning to digest the initial fallout from President Donald Trump’s escalating trade war.
Supreme Court buckling up for season of legal showdowns over Trump policies
The U.S. Justice Department is fast-tracking fights over President Donald Trump’s efforts to push the bounds of executive power, teeing up key issues for the Supreme Court in the coming weeks or even days.
Corporate America talking about immigration more than ever
Mentions of “immigration” on earnings calls from S&P 1500 companies have surged to a record high during the first quarter.
FedEx shares fall after profit outlook is cut again on economic woes
An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
Peyton Manning joins group investing $45M in Good Good Golf
Good Good Golf has attracted more than 1.75 million YouTube subscribers with videos of trick shots, challenges and other golf-themed programming.
Retailer Forever 21 plans liquidation sales after second bankruptcy
The retailer, which has minority ownership ties to Indianapolis-based Simon Property Group, has two stores in the Indianapolis area.
Economists expect Fed to cut rates twice this year
Fed officials have signaled interest rates may be on hold for some time amid uncertainty about President Donald Trump’s economic policies, particularly on trade.
Environmental Protection Agency terminates $20B in grants for climate projects
Administrator Lee Zeldin claims that the Greenhouse Gas Reduction Fund is part of a “scheme” administered by the previous administration without proper oversight.
Salesforce gives tepid outlook while touting AI
Investors have flagged some uncertainty from changes in the company’s rank of top executives.
Second estimate of U.S. growth confirms 2.3% expansion in fourth quarter
The report showcases an economy that continued to expand at a solid pace on the shoulders of resilient consumer spending.
A billion people are watching podcasts on YouTube every month
YouTube first identified podcasts as popular content format during the pandemic. Since then, it has vaulted past Spotify as the most popular service for podcasts in the United States.
US existing-home sales drop back again with mortgage rates at 7%
The drop in sales comes after the longest stretch of gains since late 2021, which offered some hope that home buyers and sellers were getting used to high mortgage rates.
DOGE says it’s saved $55B in federal spending; data show much less
Elon Musk, speaking to reporters in the Oval Office last week, said that some of the things he says “will be incorrect and should be corrected,” adding that DOGE would act quickly to fix errors.
Elon Musk advises Trump but doesn’t work for DOGE, White House says
The government’s representation comes in stark contrast to Musk’s public image as the power behind the newly formed Department of Government Efficiency.
Salesforce cutting 1,000 jobs while hiring salespeople for AI
Technology companies have grown more accustomed to regular job reductions after a massive wave of layoffs at the start of 2023.
U.S. manufacturing activity expands for first time since 2022
The surveys were conducted before President Donald Trump announced tariffs on imports that risk disrupting supply chains for American producers.
Apple’s tough January worsens as analysts cut on iPhone sales
Soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.