Business News

President Donald Trump’s sweeping reciprocal tariffs sparked chaos in the stock market, but bonds have also been on a wild ride. Amid one of Wall Street’s worst equity selloffs in recent history, investors piled into safe-haven assets like Treasuries last week, but the apparent reversal of that trade means the ultimate impact on mortgages and…

U.S. President Donald Trump, on “Liberation Day,” reserved some of his highest tariff rates for Southeast Asia. Economists expected to see some targets, like manufacturing hub Vietnam, on Trump’s tariffs list. Other targets, like neighboring Cambodia, were more surprising—and all were shocked by the steep tariffs imposed on the region, often extending into the 40%…

Vietnam scrambled to offer no tax on U.S. imports after President Donald Trump hit the country with 46% tariffs, but that move wasn’t enough for Trump trade counselor Peter Navarro, who accused it of “cheating” and increased the expectations for countries targeted by new tariffs. Navarro, Trump’s senior counselor for trade and manufacturing, said in…

Should the European Union target US Big Tech and services in response to President Donald Trump’s tariff onslaught? Differences on the key issue were on display on Monday as the EU sought a show of unity on the pushback. The EU’s trade commissioner, Maros Sefcovic, said the 27-country bloc was weighing its response to a…

Republicans Jimmy Patronis and Randy Fine won special elections Tuesday in two Florida congressional districts, bolstered by President Donald Trump’s endorsement to fill vacant seats in reliably Republican strongholds. Patronis, the state’s chief financial officer, fended off a challenge from Democrat Gay Valimont even though she far outraised and outspent him. He will fill the northwest Florida 1st District seat vacated…

“Liberation Day,” in the words of U.S. President Donald Trump, is coming. The White House will formally unveil new tariffs on both friend and foe on April 2 at 4:00 p.m. Eastern Time in the Rose Garden, as the president seeks to retaliate against what he sees as mistreatment by the U.S.’s trading partners.  Many…

To judge by his social feeds, OpenAI CEO Sam Altman is a very happy camper, as his company notches one eye-popping success after another. The startup he co-founded in 2015 just raised $40 billion at a $300 billion valuation, the biggest funding round ever by a private tech company; everyone on the internet seems to…

President Donald Trump may already be looking to pull the plug on Elon Musk’s controversial DOGE project just two months into his administration.  Speaking to reporters on Monday, Trump suggested his cabinet secretaries already have learned everything from the Tesla CEO they needed to boost efficiency. Soon they would be in a position to remove…

Beleaguered Fortune 500 company Super Micro Computer continues to try to clean up and modernize its internal functions and has named a general counsel, the company announced on Monday.  Current senior vice president of corporate development, Yitai Hu, will now also serve as chief legal officer at the $20 billion tech manufacturer. According to his…

President Donald Trump is taking a blowtorch to the rules that have governed world trade for decades. The “reciprocal’’ tariffs that he is expected to announce Wednesday are likely to create chaos for global businesses and conflict with America’s allies and adversaries alike. Since the 1960s, tariffs — or import taxes — have emerged from negotiations between dozens of…