Business

(NEW YORK) — U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump’s “Liberation Day” tariffs. The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%. The tech-heavy Nasdaq declined 5.8%. The decline put the Nasdaq into bear market territory, meaning the index […]

(NEW YORK) — President Donald Trump on Friday said he is extending the deadline for TikTok to be banned or sold off by its Chinese-owned parent company, ByteDance. The previous April 5 deadline will be pushed 75 days, Trump said in a post to his social media platform. It’s the second time he has pushed […]

Cheng Xin/Getty Images (NEW YORK) — Walmart is actively considering joining a group of investors to buy TikTok, according to sources close to the deal, who say Walmart’s interest was triggered by Amazon throwing their hat into the ring. Back in 2020, Walmart said it was teaming up with Microsoft to make a bid for […]

Tom Williams/CQ-Roll Call, Inc via Getty Images (WASHINGTON) — Fed Chair Jerome Powell said Friday he expects President Donald Trump’s tariff policy to hike prices and slow economic growth, while noting that key economic indicators “still show a solid economy.” Policy changes implemented by the White House have contributed to a “highly uncertain outlook,” Powell […]

(NEW YORK) — U.S. stocks continued their plunge in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump’s “Liberation Day” levies. The Dow Jones Industrial Average plummeted 1,400 points, or 3.5%, while the S&P 500 plunged 4%. The tech-heavy Nasdaq declined 4.5%. Corporate giants that rely on […]

(NEW YORK) — U.S. hiring surged in March, blowing past economists’ expectations and defying concern on Wall Street about a possible economic recession, government data on Friday showed. The U.S. added 228,000 jobs in March, according to data from the U.S. Bureau of Labor Statistics. That figure marked a major increase from hiring in the […]

(NEW YORK) — Hiring data to be released on Friday will offer a gauge of the nation’s economic health, just a day after President Donald Trump’s sweeping new tariffs triggered a major stock selloff. The jobs report, which details employer activity in March, is set to provide a snapshot of staff cuts imposed by the […]

(NEW YORK) — Key foreign stock markets continued their slide after opening on Friday morning, as the shockwaves of President Donald Trump’s “Liberation Day” tariffs continued to reverberate around the globe. Japan’s Nikkei index lost 3.5% on Friday, while the broader Japanese Topix index fell 4.45%. In South Korea, the KOSPI index was down 1.7%, […]

(NEW YORK) — The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump’s trade war against both global regions. More than 90% of the world’s bourbon is from Kentucky, which advocates say is now jeopardized. Last month, the EU announced it […]

(NEW YORK) — U.S. stocks suffered major losses on Thursday at close of the first trading session after President Donald Trump’s sweeping tariffs announcement. The Dow Jones Industrial Average plummeted 1,679 points, or nearly 4%, while the tech-heavy Nasdaq declined almost 6%. The S&P 500 tumbled 4.8%, marking its worst trading day since 2020. The […]