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News Wrap: Trump says tariffs on Chinese imports will stand at 55 percent

In our news wrap Wednesday, President Trump says tariffs on Chinese imports will stand at 55 percent as U.S. and Chinese negotiators reached a framework agreement, the EPA is seeking to roll back Biden-era rules that limit the greenhouse gases…

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What experts think about the $1,000 'Trump accounts' for babies

By Hannah Grabenstein

The program has bipartisan backing and is generally supported by economists and other researchers.

Trump says U.S. will get rare earth minerals from China and tariffs on Chinese goods will total 55% under new trade framework

By Darlene Superville, Josh Boak, Didi Tang, Paul Wiseman, Associated Press

Trump didn’t fully spell out what concessions the U.S. made. Beijing has not confirmed what the negotiators agreed to, and Chinese President Xi Jinping and Trump himself have yet to sign off on it.

U.S. inflation rose slightly last month as grocery prices ticked higher

By Anne D'Innocenzio and Christopher Rugaber, Associated Press

The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.

Apple unveils software redesign while reeling from AI missteps and Trump's trade war

By Michael Liedtke, Associated Press

After stumbling out of the starting gate in Big Tech’s pivotal race to capitalize on artificial intelligence, Apple tried to regain its footing Monday during a developers conference that focused mostly on incremental advances and cosmetic changes in its technology.

Warner Bros. Discovery to split streaming and cable services into 2 separate companies

By Michelle Chapman, Associated Press

Shares of Warner Bros. Discovery, based in New York City, jumped 11% at the opening bell.

Texas school finds valuable classroom inside a food truck

By Ali Rogin, Veronica Vela

At this time of year, there’s a question on the minds of parents and teachers: what did you learn this year? Students at a school in Austin, Texas had a chance to hone their financial and leadership skills by running…

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Hiring slows in U.S. amid uncertainty over Trump's trade wars

By Leah Willingham, Associated Press

Trump’s aggressive and unpredictable policies – especially his sweeping taxes on imports – have muddied the outlook for the economy and the job market and raised fears that the American economy could be headed toward recession.

World shares are mixed ahead of Friday's U.S. jobs report

By Elaine Kurtenbach, Associated Press

A resilient job market has been one of the linchpins that’s propped up the U.S. economy, and the worry is that all the uncertainty created by President Donald Trump’s on-and-off tariffs could push businesses to freeze their hiring.

Fans line up for the highly anticipated Nintendo Switch 2 around the world

By Ayaka McGill, Associated Press

In the U.S., a chaotic pre-order process in April left some fans frustrated after the consoles quickly sold out. People lined up early Thursday at stores in hopes of buying one.