Jun 17 Toy maker challenges Trump's tariffs before the Supreme Court for quick decision in long shot bid By Lindsay Whitehurst, Associated Press The company argues the president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. Continue reading
Jun 17 Fed officials left in 'uncomfortable purgatory' as tariffs complicate this week's rate decision By Christopher Rugaber, Associated Press With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Continue reading
Jun 16 Watch 6:12 News Wrap: U.S. and U.K. reach trade deal that cuts tariffs In our news wrap Monday, President Trump and British Prime Minister Keir Starmer say they've finalized a trade deal that would cut tariffs on goods from both countries, witnesses say Israeli soldiers killed at least 34 Palestinians trying to get… Continue watching
Jun 15 G7 leaders gather in Canada for summit overshadowed by trade wars and Israel-Iran crisis By Rob Gillies, Jill Lawless, Associated Press Leaders of some of the world’s biggest economic powers are arriving in the Canadian Rockies on Sunday for a Group of Seven summit, overshadowed by an escalating conflict between Israel and Iran and U.S. President Donald Trump’s unresolved trade war with allies and… Continue reading
Jun 12 How critical minerals give China an edge in trade negotiations with U.S. By Simina Mistreanu, Associated Press U.S. President Donald Trump wants China to lift restrictions on exporting rare earths and other critical minerals that Beijing imposed as part of a yearslong trade war. Continue reading
Jun 11 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. Continue reading
Jun 11 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. Continue reading
Jun 09 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. Continue reading
Jun 09 With trade talks due to start, China says exports to U.S. fell 35% in May By Elaine Kurtenbach, Associated Press China has reported its exports to the United States fell 35% in May from a year earlier, straining the economy, as trade talks with Washington were due to start in London. Continue reading
Jun 05 More Americans applied for jobless benefits last week, rising to highest level in eight months By Matt Ott, Associated Press New applications for jobless benefits rose by 8,000 to 247,000 for the week ending May 31, the Labor Department said Thursday. That's the most since early October. Continue reading