NEW YORK (AP) — U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from automakers to home builders, and likely push up prices for consumers. Foreign-made steel and aluminum is used in household products…… MORE
WASHINGTON (AP) — U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers paralyzed by uncertainty. World economic growth will slow to just 2.9% this year and stay there in 2026, according to the…… MORE
WASHINGTON (AP) — The White House has officially asked Congress to claw back $9.4 billion in already approved spending. The process known as rescission will take funding away from programs targeted by Elon Musk’s Department of Government Efficiency. It requires President Donald Trump to get approval from Congress to return money that had previously been…… MORE
NEW YORK (AP) — The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. It’s a win for Wells Fargo, which has spent nearly a decade trying to convince the public and policymakers that…… MORE
WASHINGTON (AP) — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear plant. The agreement announced Tuesday is just the latest in a…… MORE
Borrowers who have defaulted on their student loans will no longer be at risk of having their Social Security benefits garnished, an Education Department spokesperson said Tuesday. The government last month restarted collections for the millions of people in default on their federal student loans. An estimated 452,000 people aged 62 and older had student…… MORE
WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up from 7.2 million in March. Economists had expected opening to drift…… MORE
AUSTIN, Texas (AP) — A push in Texas to ban children under 18 years old from social media platforms has failed at the state Capitol. Lawmakers on Wednesday night did not take a key vote on creating one of the nation’s toughest restrictions aimed at keeping minors off the platforms. The bill aimed to go…… MORE
BOULDER, Colo. (AP) — Several people have been injured and some may have suffered burns in what the FBI immediately described as a “targeted terror attack” at an outdoor mall in Boulder, Colorado. A group had gathered in the area to raise attention to Israeli hostages in Gaza. One man was taken into custody. He…… MORE
KYIV, Ukraine (AP) — A Ukrainian drone attack has destroyed more than 40 Russian planes deep in Russia’s territory, Ukraine’s Security Service said on Sunday, while Moscow pounded Ukraine with missiles and drones just hours before a new round of direct peace talks in Istanbul. A Ukrainian official told AP the attack took more than…… MORE
