WASHINGTON (AP) — A new analysis suggests President Donald Trump’s tariffs could increase factory costs by 2% to 4.5%. The analysis highlights potential challenges for domestic manufacturers relying on global supply chains just as the Republican president prepares to announce tariff hikes he says will boost the U.S. economy. While the U.S. stock market shows…… MORE

OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S, and potentially trigger a final wave of rail mergers across the country. The proposed merger, announced Tuesday, would marry Union Pacific’s rail network in the West with Norfolk’s…… MORE

WASHINGTON (AP) — Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures. The Conference Board said Tuesday that its consumer confidence index rose two points to 97.2 in July, up from 95.2 the previous month. In April, American consumers’ confidence in the…… MORE

MILAN (AP) — Stellantis is forecasting that U.S. tariffs would cost the carmaker $1.7 billion this year. The announcement on Tuesday is five times the hit taken in the first six months of the year when the carmaker tallied losses of $2.65 billion. The maker of Jeep, Chrysler, Fiat and Peugeot cars said that net…… MORE