May 15 Watch 6:30 News Wrap: Walmart says it is raising prices due to tariffs In our news wrap Thursday, Walmart is planning to raise prices in the coming weeks citing President Trump's policies as a driving factor, a judge in Wisconsin pleaded not guilty today to federal charges over accusations she helped a man… Continue watching
May 15 Watch 3:45 A Brief But Spectacular take on building a birthright to capital By Brief But Spectacular Darrick Hamilton is an economic scholar and director of the Institute on Race, Power and Political Economy. Growing up in Brooklyn, he witnessed firsthand how economic circumstances shaped communities, inspiring his groundbreaking work on "Baby Bonds," government-funded savings accounts provided… Continue watching
May 15 Walmart will raise prices due to tariff costs By Anne D'Innocenzio Executives at the $750 billion company told industry analysts Thursday that they're doing everything in their power to absorb the higher costs from tariffs ordered by Trump. Given the magnitude of the duties, however, the highest since the 1930s, higher… Continue reading
May 13 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… Continue reading
May 13 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. Continue reading
May 13 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. Continue reading
May 13 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. Continue reading
May 13 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. Continue reading
May 12 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%. Continue reading
May 12 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. Continue reading