May 26 EU trade negotiator says he’s had ‘good calls’ with U.S. after Trump extends tariff deadline By David McHugh, Associated Press The European Union's chief trade negotiator said Monday the EU was “fully committed” to reaching a trade deal by a July 9 deadline, after Trump agreed to delay his threatened 50% tariff — or import tax — on European goods. Continue reading
May 26 U.S. delays threatened 50% tariff on the European Union until July, Trump says By Seung Min Kim, Associated Press The agreement came after a call Sunday with Ursula von der Leyen, the president of the European Commission, who had told Trump that she “wants to get down to serious negotiations,” according to the U.S. president’s retelling. Continue reading
May 25 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. Continue reading
May 23 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. Continue reading
May 22 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. Continue reading
May 22 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. Continue reading
May 22 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. Continue reading
May 21 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. Continue reading
May 21 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. Continue reading
May 19 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. Continue reading