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S&P 500 erases its loss for 2025 as Wall Street rallies on news of slower inflation

By Stan Choe, Associated Press

Stocks have been roaring back since the S&P 500 fell nearly 20 percent below its record last month on hopes that President Donald Trump will ease his stiff tariffs on trading partners worldwide before they create a recession and send…

Microsoft is laying off about 3% of its workforce

By Matt O'Brien, Associated Press

Microsoft, based in Redmond, Washington, said the layoffs will be across all levels and geographies but the cuts will focus on reducing the number of managers.

UnitedHealth Group, largest health insurer in U.S., withdraws financial outlook for 2025

By Michelle Chapman, Associated Press

UnitedHealth CEO Andrew Witty is stepping down for personal reasons as the health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.

Egg prices drop for the first time in more than 6 months, but remain high

By Dee-Ann Durbin, Associated Press

The average price of eggs of all sizes fell 12.7%, which was the steepest monthly decline since March 1984.

Inflation cooled again in April as grocery and gas prices fell, but full tariff impacts likely not yet felt

By Christopher Rugaber, Associated Press

Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.

Dow leaps 1,100 points following a 90-day truce in the U.S.-China trade war

By Stan Choe, Associated Press

U.S. stocks rallied after China and the United States announced a 90-day truce in their trade war. The S&P 500 jumped 3.3% Monday. The Dow Jones Industrial Average rose more than 1,100 points, and the Nasdaq composite rallied 4.3%.

U.S. and China reach temporary deal to reduce sky-high tariffs for 90 days, plan more talks

By Jamey Keaten, David McHugh, Elaine Kurtenbach, Ken Moritsugu, Associated Press

Stock markets rose sharply as the globe's two major economic powers took a step back from a clash that has unsettled the global economy.

No breakthroughs on 2nd day of U.S.-China tariff talks, but Trump touts ‘great progress’

By Jamey Keaten, Christopher Bodeen, Associated Press

The U.S. and China on Sunday resumed crucial tariff talks that have put the global economy on edge, but appeared to have diverging views of where the negotiations presently stand.

U.S.-China tariff talks begin in Geneva as the world looks for signs of hope

By Paul Wiseman, Didi Tang, Jamey Keaten, Associated Press

The U.S. treasury secretary and America’s top trade negotiator began talks with high-ranking Chinese officials in Switzerland Saturday aiming to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy.

China’s exports to U.S. sink, offset by trade with other economies, as Trump’s tariffs hit global trade

By Elaine Kurtenbach, Associated Press

China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains.