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What’s open and what’s closed this Memorial Day

By Associated Press

Businesses increasingly have chosen to stay open on the federal holiday Memorial Day, leading to what is now one of the biggest retail sales and travel weekends of the year. Here’s what is open and closed on Monday.

Stock markets tumble after Trump threatens tariffs against European Union and Apple

By Stan Choe, Associated Press

Trump threatened the tariffs before the U.S. stock market opened, saying on his Truth Social platform that trade talks with the European Union “were going nowhere” and that “straight 50%” tariffs could go into effect on June 1.

What to know about ‘no tax on tips,’ Trump’s tax pledge that’s in the GOP budget bill

By Wyatte Grantham-Philips, Jonathan J. Cooper, Associated Press

The proposal has widespread support from the public, but many critics say it would come with an enormous cost to the government while doing little to help the workers who need it most.

House Republicans narrowly passed Trump’s ‘big, beautiful’ bill. Here’s what’s in it

By Kevin Freking, Lisa Mascaro, Associated Press

Republicans are trying to make permanent the individual income and estate tax cuts passed in Trump's first term plus enact promises he made in the 2024 campaign to not tax tips, overtime and interest on some auto loans.

WATCH: Chavez-DeRemer testifies on Labor Department budget in Senate Appropriations hearing

By Matt Ott, Associated Press

Labor Secretary Lori Chavez-DeRemer is testifying at 10 a.m. EDT. Watch live here.

Trump’s tariffs will test U.S. allies at G7 finance ministers’ summit

By Christopher S. Rugaber, Associated Press

The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year.

Bitcoin hits all-time high as crypto industry notches political wins

By Alan Suderman, Associated Press

The digital asset traded above $109,400 Wednesday morning, a huge increase from recent lows.

Stocks, bonds and the dollar drift after the latest downgrade to the U.S. credit rating

By Stan Choe, Associated Press

After recovering from an initial jolt, U.S. stocks drifted through quiet trading following the latest reminder that the U.S. government may be hurtling toward an unsustainable mountain of debt.

Bessent acknowledges Trump’s tariffs may mean shoppers will pay more at Walmart

By Josh Boak, Associated Press

Treasury Secretary Scott Bessent acknowledged Sunday that Walmart, the largest U.S. retailer, may pass along some of the costs from President Donald Trump’s tariffs to its shoppers through higher prices.

Analysis: Trump’s truce with China on tariffs comes at a cost to U.S. credibility

By Zongyuan Zoe Liu, Council on Foreign Relations

U.S.-China trade talks in Geneva resulted in a temporary slash of tariff rates, but the ripple effect of this tit-for-tat escalation won’t disappear anytime soon.