Business News

Over the weekend, Donald Trump’s reassurance of a more generous approach to tariffs was reversed again, apparently returning to draconian across-the-board 20% tariffs. The president’s imminent Rose Garden “Liberation Day” announcement of universal tariffs on everything coming into the U.S. from everyone—accompanied by the Trump-driven 10% decline in the stock market over the last month—is just the…

While Republicans are writing legislation to make good on President Trump’s promise to end taxes on tips, Uber and DoorDash are asking lawmakers to keep their drivers in mind. The people who hope you don’t puke in the back of their car at 3am (or bring you that $24 burrito when it’s drizzling) are most frequently classified…

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© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive…

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive…

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal InformationFORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive…

A unilateral partial ceasefire to facilitate earthquake relief efforts was announced on Saturday by Myanmar’s shadow National Unity Government, which coordinates the popular struggle against the ruling military. The country’s death toll from the disaster soared to 1,644. The figure was a sharp rise compared to the 1,002 announced just hours earlier, highlighting the difficulty…

President Donald Trump said his new auto tariffs are permanent and shrugged off concerns that they will cause carmakers to raise prices. In an interview with NBC News on Saturday, he was asked about a recent Wall Street Journal report that said he warned auto CEOs not to hike prices while discussing tariffs with them….

In anonymous comments collected by the Dallas Fed, some US oil and gas executives didn’t pull their punches as they criticized key policies of President Donald Trump. Most respondents decried the uncertainty and higher costs from his tariffs, while others said plans to sharply lower crude prices are incompatible with a major expansion in energy…

It was a week of back-to-back housing data that revealed some positive and some negative manifestations in the market. But there is an unanticipated development to watch out for: the Department of Government Efficiency run by the richest man in the world, Elon Musk. “Downside risks to the housing market are layoffs because of DOGE…