- The auto industry is braced for a bumpy ride as sweeping tariffs threaten to suppress profit margins, undermine credit quality and make it harder for risky companies to refinance.
- US Defense Secretary Pete Hegseth signed a memorandum that aims to reduce the Department of Defense’s civilian workforce as the federal government seeks to cut spending.
- CoreWeave Inc. slipped 2.5% in its market debut after the cloud-computing provider raised $1.5 billion in a downsized initial public offering.
- Lululemon Athletica Inc. shares dropped after the yogawear brand delivered a disappointing outlook for the year and voiced concerns about consumer spending in the US.
- The threat came in a call earlier this month, leaving CEOs worried they would face punishment if prices go up.
- The Signal group chat is only the latest in a string of self-inflicted wounds by the new administration.
- The Oracle of Omaha and Superman have a long history of selling at the right time. What do they see?
- The US Department of Defense said it will terminate a plan to use Oracle Corp. software to manage its civilian workforce as part of the Pentagon’s cost-cutting efforts.
- The gloomy sentiment around Reddit Inc. has failed to dissipate after its shares fell 50% from a February high, with volatile technology stocks under pressure.
- Elon Musk, the billionaire running President Donald Trump’s federal cost cutting effort, said he plans to slash $1 trillion in government spending by the end of May.
- But to what end?
- President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
- President Donald Trump’s promised tariffs on softwood lumber risk disrupting the supply chain for something nobody wants to be caught without: toilet paper.
- Gay Valimont and Josh Weil are hoping to flip two seats. Even if they lose, a close race would show weakening support for the president.
- One state wants to reduce lawsuit abuse, the other to make it easier.
- HHS plans to lay off 10,000 full-time employees in a “dramatic restructuring” that the agency said is expected to save taxpayers $1.8 billion annually. The plan is in line with President Donald Trump’s Department of Government Efficiency initiative led by Elon Musk. In combination with other HHS restructuring efforts that include early retirement and buyout […]
- Avian flu has driven prices for the versatile food to record highs in America
- Some of America’s allies are rethinking their interest in buying the stealth fighter jet
- Claim came to the U.S. attorney’s office in Manhattan via Pfizer rival GSK
- United Parcel Service Inc. is launching a new tool for online shoppers to automatically see the added cost of tariffs that are increasingly flummoxing international shippers.
- Threat of US tariffs and growing global demand seen as likely to support prices
- Austan Goolsbee’s warning comes after key survey shows consumers expect soaring price growth
- A duo of private-equity firms is set to buy the discount chain
- Benchmark borrowing costs in Japan notched a new multiyear high Wednesday, after the head of the country's central bank bolstered expectations for a further tightening in monetary policy.The 10-year yield settled at 1.587%.That was the highest October 2008, according to Dow Jones Market Data.Go d
- Commission issues 30-step plan for dealing with increased threats including Russian aggression
- Plenty, which filed for Chapter 11 bankruptcy protection this week, had raised $400M in venture funding over the years.
- The US Treasury is planning to lay off a “substantial number” of employees through an effort to reduce the size of the US government led by Elon Musk, according to language submitted in a court case by an official at the department.
- Eight office buildings now to be sold, after plan to offload hundreds came under criticism
- Proliferating tariffs engulfing the U.S., China and their partners draw parallels to the protectionist spiral of the 1930s.
- The Trump administration is making changes to a $42 billion broadband subsidy program that will benefit satellite internet providers like Elon Musk’s Starlink, but some state and federal officials worry the technology isn’t robust enough to connect Americans on a mass scale and at affordable rates.
- AT&T Inc. is in talks to acquire Lumen Technologies Inc.’s consumer fiber operations, according to people with knowledge of the matter.
- Professional business models may need to change if novices lose the opportunities to learn and progress when AI takes over their work
- Agriculture industry could be hit hardest if fees of up to $1.5mn per vessel docking were implemented
- Jack Ma-backed Ant Group Co. used Chinese-made semiconductors to develop techniques for training AI models that would cut costs by 20%, according to people familiar with the matter.
- Seamus Blackley is best known for creating the Xbox game console. Now he wants to build a chocolate factory. One problem: Cacao trees don't naturally grow in Los Angeles.
- High-yield debt offers a stingy premium to US Treasuries at a time when the economy is shaky. But that’s not the only thing to consider.
- Non-profit institutions are no help
- The country’s very idea of itself is under stress
- The home of Harvard and MIT embraces yimby-ism
- MAGA men are warming to anti-liberal ideas emanating from Moscow
- Prime Minister Mark Carney is expected to plunge Canada into an election campaign on Sunday, as US President Donald Trump’s trade war sharpens the focus on fixing long-standing problems that have hindered the Canadian economy.
- A revolutionary new technology comes along and infatuates investors with its seemingly limitless possibilities. Euphoria sparks a stock market rally. Eventually things get overheated and share prices become ridiculous. Then it all collapses.
- The US president is testing constitutional limits and challenging the courts to stop him. Who will blink first?
- High yields and a dipping share price is often a red flag
- A blizzard of design changes by the military have put production of the USS Constellation years behind schedule and millions over budget. Labor shortages, old equipment and rising steel costs aren’t helping the industry.
- Boeing Co. won a contract to design and build the US’s next-generation fighter jet, called the F-47, beating out rival Lockheed Martin Corp. for the multibillion dollar program.
- Cattle herds are declining in the US, Europe and China, according to Brazilian meatpacker Minerva SA, in a sign that beef prices could rise further.
- Firms including Deloitte and Accenture told to justify billions of dollars’ worth of contracts
- Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry