Inflation, looming trade war take toll as confidence of U.S. consumer tumbles
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
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Cadillac F1 to be managed by TWG Motorsports, with Towriss named CEO of racing portfolio
The group that owns Cadillac Formula 1 officially launched TWG Motorsports on Tuesday in Indianapolis as the division responsible for its rapidly growing motorsports portfolio.
Patients struggle with lack of consistent coverage for popular weight-loss drugs
Supplies of high-demand obesity treatments are improving, but that doesn’t mean they’re easier to get.
UPDATE: Federal workers confront mass confusion as Musk’s deadline to list accomplishments looms
Elon Musk’s unusual demand has faced resistance from several key U.S. agencies led by the president’s loyalists, including the FBI, State Department, Homeland Security and the Pentagon
Buffett offers Trump advice while celebrating Berkshire Hathaway’s success
After his firm paid $26.8 billion in taxes last year, Warren Buffett told the president to “spend it wisely,” adding, “Take care of the many who, for no fault of their own, get the short straws in life.”
Buttigieg weighs a decision with huge implications for Democrats: Run for Senate or president?
Prominent allies believe Buttigieg cannot feasibly do both, even as others raise the comparison to Barack Obama, who was elected president just four years after becoming a U.S. senator.
Slightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
Some analysts say they expect layoffs ordered by the Department of Government Efficiency to show up in the report in the coming weeks.
Walmart rolled through 2024, but uncertainty about consumers and tariffs seep into year ahead
The financial outlook from nation’s largest retailer, which has thrived amid stubborn inflation, delivered a jolt across the retail sector.
Trump backs idea to send some DOGE savings to American citizens
Trump said the potential for dividend payments would incentivize people to report wasteful spending.
U.S. Senate confirms financier Howard Lutnick as commerce secretary
At his confirmation hearing last month, Lutnick dismissed as “nonsense” the idea that tariffs contribute to inflation.
Trump administration gives schools a deadline to end DEI programs or risk losing federal money
The sweeping demand threatens to upend all aspects of campus operations, from questions on college applications to classroom lessons and campus clubs.
Southwest Airlines slashing 15% of its corporate workforce
The Dallas-based airline said Monday that the the first major layoffs in its 53-year history would be focused almost entirely on “corporate overhead and leadership positions.”
Trump administration tries to bring back fired nuclear weapons workers in DOGE reversal
The layoffs were part of a Department of Government Efficiency purge that targeted about 2,000 Department of Energy employees.
Mike Pence emerges as one of the few Republicans willing to challenge Trump 2.0
The former vice president’s refusal to break with Trump defined their time together in office until the two had a falling out over Trump’s refusal to accept the results of the 2020 election.
What changes to the CHIPS act could mean for AI growth and consumers
Trump has called the federal contracts made with the help of the CHIPS and Science Act “ridiculous,” signaling that he doesn’t support the program.
Trump administration begins sweeping layoffs with probationary workers, warns of larger cuts to come
The administration on Thursday ordered agencies to lay off nearly all probationary employees who had not yet gained civil service protection—potentially affecting hundreds of thousands of workers.
UPDATE: Trump signs plan for reciprocal tariffs on U.S. trading partners
President Donald Trump’s plan increases U.S. tariffs to match the tax rates that other countries charge on imports, possibly triggering a broader economic confrontation with allies and rivals alike.
Elon Musk calls for U.S. to ‘delete entire agencies’ from federal government
Elon Musk made the remarks as part of his push under President Donald Trump to radically cut spending and restructure its priorities.
December wholesale prices rise more than expected
Year-over-year consumer price inflation has now risen for four straight months.
What does having the Consumer Financial Protection Bureau on hold mean for consumers?
Congress established the CFPB to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry.