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US applications for jobless benefits hold firm as layoffs remain low
U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy
May 15, 2025Trump's Middle East visit comes as his family deepens its business, crypto ties in the region
It’s not just the “gesture” of a $400 million luxury plane that President Donald Trump says he’s smart to accept from Qatar
May 13, 2025Inflation eased after Trump's 'Liberation Day' tariffs
Trump has rolled back tariffs since he announced the policy last month.
May 13, 2025
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1 hour ago
Why was Elon Musk's AI chatbot Grok preoccupied with South Africa's racial politics?
Much like its creator, Elon Musk’s artificial intelligence chatbot Grok was preoccupied with South African racial politics on social media this week, posting unsolicited claims about the persecution and “genocide” of white people
1 hour ago
1 hour ago
How major US stock indexes fared Thursday, 5/15/2025
Most U.S. stocks drifted higher following a mixed set of reports on the U.S. economy
1 hour ago
3 hours ago
US lost business travelers in April amid economic anxiety and border detentions
Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies
3 hours ago
4 hours ago
Walmart warns prices may rise due to tariffs costs
After posting solid first-quarter sales, Walmart warned that it may have to raise prices because of higher costs from tariffs implemented by President Donald Trump.
4 hours ago
May 15
Average rate on US 30-year mortgage rises to 6.81%, highest level since late April
The average rate on a 30-year mortgage in the U.S. rose this week, returning to where it was just three weeks ago
May 15
May 15
China allows visa-free entry for 5 Latin American nations to boost ties
China will allow visa-free entry for nationals of five Latin American countries for one year to boost closer connections with the region
May 15
May 15
Walmart CEO says prices of food, toys and electronics will increase
Economists widely expect importers to pass along some of the tax to consumers.
May 15
May 15
Walmart to raise prices due to tariff costs
Price hikes at one of the nation’s largest retailers are expected to come later this month, according to CFO John David Rainey.
May 15
May 15
US wholesale prices drop for 1st time in more than a year
ABC News’ Alexis Christoforous reports on data released from the federal government’s producer price index.
May 15
May 15
US wholesale prices dropped 0.5% last month despite President Trump's tariffs
U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports
May 15
May 15
Retail sales slow in April after a spending splurge as Americans sought to front-run tariffs
U.S. consumers spent slightly more at retail stores last month after ramping up their shopping in March to get ahead of tariffs
May 15
May 15
US applications for jobless benefits hold firm as layoffs remain low
U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy
May 15
May 15
Walmart to raise prices due to tariff costs after posting solid first quarter sales
Walmart’s first quarter profit slipped and it said it must raise prices due to higher costs from tariffs implemented by President Donald Trump
May 15
May 15
Estonia warns Russia may use military force to defend its shadow tanker fleet
Estonia is warning that Russia appears willing to defend with military force its shadow fleet of aging tankers dodging international sanctions to keep oil revenue flowing
May 15
May 15
Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4B
Dick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President Donald Trump’s threatened tariffs
May 15
May 15
Grocery stores overcharging: Consumer Reports
With grocery prices at all-time highs, Consumer Reports is warning that some supermarkets across the country are overcharging customers for some products marked as being on sale.
May 15
May 15
Spain will limit access to Madrid's airport for nontravelers because of homeless encampment problem
Spain’s airport authority will begin limiting access to Madrid’s airport during some parts of the day as a preventive measure to stop more homeless people from sleeping in terminals
May 15
May 15
These prices are soaring, despite cooling inflation
Prices are rising rapidly for some everyday items like coffee and beef.
May 15
May 15
UK becomes fastest-growing G7 economy after strong first quarter
The British economy grew at its fastest rate in a year during the first quarter of 2025, in a welcome boost to the Labour government, which has made lifting the country’s growth its number one priority
May 15
May 14
Australian leader visits Indonesia seeking deeper economic and defense ties
Australia’s newly reelected Prime Minister Anthony Albanese has met with Indonesian President Prabowo Subianto in Jakarta
May 14
May 14
Asian shares are mostly lower after a mixed session on Wall Street
Asian shares are mostly lower after U.S. stocks drifted to a mixed close on Wall Street
May 14
May 14
Older people in crosshairs as government restarts Social Security garnishment on student loans
As the Trump administration resumes collections on defaulted student loans, hundreds of thousands of older Americans with decades-old debts are now at risk of having their Social Security checks garnished
May 14
May 14
Sesame Workshop receives Elevate Prize Catalyst Award as it charts a new path for 'Sesame Street'
Elmo, Abby Cadabby and the rest of the “Sesame Street” gang will get some high-profile help as they travel down a new road
May 14
May 14
Colombian lawmakers reject president's labor reform referendum
Colombian lawmakers have once again blocked President Gustavo Petro’s efforts to overhaul labor laws
May 14
May 14
Tesla chair sold stock worth $230M while profits at Elon Musk's carmaker plunged
The chair of Tesla sold more than $230 million in company stock since Elon Musk’s endorsement of Donald Trump alienated car buyers and dragged profits lower
May 14
May 14
How major US stock indexes fared Wednesday, 5/14/2025
Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary cease-fire in their trade war
May 14
May 14
Divisions emerge among House Republicans over how much to cut taxes and Medicaid in Trump's bill
There were cheers when Republicans on the House Ways and Means Committee signed off on the GOP tax breaks bill after a round-the-clock session that pushed President Donald Trump’s package past overwhelming Democratic opposition
May 14
May 14
More than 1,000 Starbucks baristas go on strike to protest new dress code
More than 1,000 Starbucks baristas at 75 U.S. stores have gone on strike since Sunday, protesting the coffee giant’s new dress code
May 14
May 14
Maryland loses triple-A bond rating from Moody's rating agency
Maryland has lost its triple-A bond rating from Moody’s
May 14
May 14
Hotline between military and air traffic controllers in Washington hasn't worked for over 3 years
Sen. Ted Cruz asked whether a hotline between military and civilian air traffic controllers in Washington, D
May 14
May 14
Ford recalls nearly 274K Navigator, Expedition SUVs for loss of brake function risk
Ford is recalling nearly 274,000 of its Expedition and Lincoln-branded Navigator SUVs across the U.S. due to an issue that may cause a loss of brake function while driving, increasing crash risks
May 14
May 14
Recession warnings fade after Trump rolls back tariffs
A U.S.-China agreement allayed fears but uncertainty remains, analysts said.
May 14
May 14
Costco, Mattress Firm offer buy now, pay later option for shoppers
Affirm CEO Max Levchin explains the interest rates and payment plans that consumers can expect from the payment network.
May 14
May 14
A French mining company sues Niger after its director disappears and offices are raided
French uranium mining company Orano says it has sued the government of Niger after the disappearance of its director and the raiding of its local offices
May 14
May 14
NJ Transit engineers could walk off the job Friday, leaving some 350,000 commuters in the lurch
Some 350,000 commuters who work in New Jersey and New York City could soon be scrambling for other ways to reach their destinations if New Jersey Transit engineers walk off the job early Friday
May 14
May 14
EPA announces rollback for some Biden-era limits on so-called forever chemicals in drinking water
The Environmental Protection Agency says it will roll back limits on several types of so-called forever chemicals in drinking water
May 14
May 14
California governor outlines $12 billion deficit and freeze on immigrant health program access
California Gov. Gavin Newsom says the state is staring down an $12 billion budget deficit
May 14
May 14
Thai officials seize over 200 tons of illegally imported electronic waste from U.S.
Thai officials on Wednesday said they seized 238 tons of illegally imported electronic waste from the United States, one of the biggest lots they've found this year
May 14
May 14
American Eagle tumbles after pulling financial guidance for 2025
Shares of American Eagle Outfitters are tumbling after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise
May 14
May 14
Edmunds electric SUV test: 2025 Hyundai Ioniq 5 vs 2026 Tesla Model Y
The Tesla Model Y and Hyundai Ioniq 5 are two of the hottest-selling small electric SUVs
May 14
May 14
Chinese businesses view tariff pause with caution and uncertainty
While U.S. President Donald Trump has talked of victory after reaching a weekend deal with China to reduce the sky-high tariffs levied on each others’ goods, businesses in China are reacting to the temporary deal with a cautious wait and see approach
May 14
May 14
Rights groups say migrant workers dying on Saudi job sites ahead of World Cup
Two rights organizations have accused Saudi Arabia of turning a blind eye to labor abuses of migrant workers and preventable deaths
May 14
May 14
A look at the leading candidates for Poland's next president
Poland holds a presidential election on Sunday as the conservative incumbent Andrzej Duda nears the end of his second and final term
May 14
May 14
British banker sentenced to a decade in Saudi prison, apparently over a tweet
A British Bank of America analyst has been sentenced to a decade in a Saudi Arabian prison apparently over a since-deleted social media post
May 14
May 14
Newark problems and recent crashes put focus on air traffic controller shortage and aging equipment
The recent chronic delays and cancellations at New Jersey’s largest airport have highlighted the shortage of air traffic controllers and the aging equipment they use, which President Donald Trump's administration wants to replace
May 14
May 13
Asian shares mostly gain amid cautious relief over U.S.-China agreement
Asian shares are mostly higher as a cautious sense of relief spreads through regional markets after the U.S. and China agreed to a 90-day pause in their trade war to allow for negotiations
May 13
May 13
Trump's Middle East visit comes as his family deepens its business, crypto ties in the region
It’s not just the “gesture” of a $400 million luxury plane that President Donald Trump says he’s smart to accept from Qatar
May 13
May 13
California approves State Farm's request for 17% premium increase for homeowners
State Farm can soon start raising premiums by 17% for its California home insurance customers
May 13
May 13
US-China trade framework 'not really a win for anybody,' says Hudson Institute fellow
Michael Sobolik, senior fellow at the Hudson Institute, said the tariffs were negatively impacting both the U.S. and Chinese economies.
May 13
May 13
Feds ask Musk's car company how its driverless taxis will avoid causing accidents in Texas rollout
Federal safety regulators have asked Elon Musk's car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robotaxi” launch that is key to keeping Tesla's stock price aloft
May 13