Mar 05 China targets economic growth of ‘around 5 percent’ despite looming trade war with U.S. By Simina Mistreanu, Ken Moritsugu, Associated Press The Chinese government unveiled an annual economic growth target of “around 5 percent” on Wednesday, despite the possible negative impact of a looming trade war with the United States, and pledged to address what it called “sluggish” consumer spending at home. Continue reading
Mar 05 Novo Nordisk cuts Wegovy prices, following Eli Lilly on Zepbound By Associated Press The new monthly price of $499, down from $650, takes effect immediately. Continue reading
Mar 05 Trump grants 30-day exemption for U.S. automakers from tariffs on imports from Mexico, Canada By Josh Boak, Rob Gillies, Associated Press The pause comes after Trump spoke with leaders of the “big 3” automakers, Ford, General Motors and Stellantis, on Wednesday, according to White House press secretary Karoline Leavitt. Continue reading
Mar 05 WATCH: ‘Change doesn’t need to be chaotic,’ Slotkin says By Dan Cooney Sen. Elissa Slotkin said late Tuesday that voters in last year's election "made it clear that prices are too high and that the government needs to be more responsive to their needs."… Continue reading
Mar 04 Stocks fall as trade war between U.S. and key partners escalate, wiping out S&P 500 post-election gains By Damian J. Troise, Alex Veiga, Associated Press The benchmark index fell 1.2% and the Dow Jones Industrial Average shed 670 points, or 1.6%, The Nasdaq slipped 0.4% despite a rebound in big tech stocks such as Nvidia. Continue reading
Mar 04 Watch 9:27 Businesses hit by new tariffs U.S. slaps on Mexico, Canada and China By Geoff Bennett, Ryan Connelly Holmes, Azhar Merchant The White House is implementing two new policies with global consequences ahead of President's Trump's address to Congress. The Trump administration is halting military aid to Ukraine and it's imposing new tariffs on Mexico, Canada and China. Roben Farzad, economic… Continue watching
Mar 04 5 things to know about tariffs and how they work By Paul Wiseman, Associated Press President Donald Trump is a proponent of tariffs, insisting that they are paid for by foreign countries. In fact, it is importers — American companies — that pay tariffs. Continue reading
Mar 03 25 percent tariffs on Mexican and Canadian imports will start Tuesday, Trump says By Josh Boak, Zeke Miller, Rob Gillies, Associated Press The Trump administration remains confident that tariffs are the best choice to boost U.S. manufacturing and attract foreign investment. Continue reading
Mar 03 Dow drops nearly 650 points on worries about Trump’s latest tariffs By Stan Choe, Associated Press President Donald Trump’s announcement dashed hopes on Wall Street that he would choose a less painful path for global trade, and it followed the latest warning signal on the U.S. economy’s strength. Continue reading
Mar 03 Trump’s announcement that he wants a U.S. ‘Crypto Strategic Reserve’ sent crypto prices on short-lived surge By Alan Suderman, Associated Press Cryptocurrency prices briefly jumped after President Donald Trump's surprise announcement he wants the U.S. government to purchase and hold a variety of digital assets in a strategic reserve fund, an announcement that highlights Trump's growing attempts to use volatile cryptocurrency… Continue reading