Latest in Trump tariffs 101: A tax on Americans that raises prices and lowers incomes
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Target, Best Buy warn of higher prices over Trump tariffs
Target and Best Buy warned on Tuesday that shoppers should expect to see higher prices on certain goods as President Trump's tariffs on Mexico, Canada and China go into effect and those nations ...The Hill - 1d -
Trump tariffs will mean higher prices for consumers, retailers say
Retailers including Best Buy and Target are warning that Trump administration tariffs will force them to hike their prices.CBS News - 16h -
Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.The New York Times - 16h -
Americans Brace for Inflation as Trump’s Tariffs Start to Take Effect
More Americans are starting to brace for higher prices as President Trump’s policies begin to take effect.The New York Times - Feb. 25 -
How Trump's new tariffs will affect Americans: 5 things to know
President Trump kicked off a trade war Tuesday, levying major tariffs on the top three U.S. trading partners — Canada, Mexico and China. He imposed 25 percent import taxes on Canada and Mexico, and ...The Hill - 1d -
Trump's tariffs could quickly cut North American auto production by a third
A third of North American vehicle production could be cut by next week as a result of Trump's 25% tariffs on Mexico and Canada, S&P Global Mobility reports.CNBC - 1d -
Tariffs, Ukraine and Gaza loom over Trump's 'American Dream' address
The theme of Trump's Tuesday address is "Renewal of the American Dream," but he's also expected to remark on what his second-term agenda may mean for the world.ABC News - 1d -
Kentucky Distillers' Association responds to Trump tariffs: 'Hard-working Americans … will suffer'
entucky’s bourbon industry is bracing for potential economic fallout after President Donald Trump imposed tariffs on imports from Canada, China and Mexico this week — and after all three countries ...The Hill - 21h -
Trump held calls with American automakers worried about tariffs
President Trump spoke to the leaders of Stellantis, Ford and General Motors as his tariffs on Canada, Mexico and China took effect. The stock prices for the American automakers fell after Mr. ...CBS News - 17h -
Apple Unveils Lower-Priced iPhone 16e With A.I. Features
The iPhone 16e is the first update to the company’s most affordable model since 2022, but carries a higher price tag of $599.The New York Times - Feb. 19 -
What Alphabet's plan to launch a lower-price YouTube product means for the stock
The emphasis on YouTube subscriptions is a key part of the Alphabet story as it diversifies the company away from advertising.CNBC - Feb. 22 -
Actress Lori Loughlin puts L.A. mansion back on the market at a lower price
Loughlin and her husband bought the house the same month they were sentenced to prison for their involvement in a college admissions scandal.MarketWatch - Feb. 24 -
It’s time for Americans to withhold their taxes | Judith Levine
The point is not to deprive the government of funds. It’s to expose the regime’s criminality. Political power boils down to two things: votes and money. But when money buys presidents, senators and ...The Guardian - Feb. 20 -
Sources: Arsenal plan to raise fan ticket prices
Arsenal are set to increase ticket prices once again next season by an average of 3.7%, sources have told ESPN.ESPN - 22h -
Warren Buffett calls Trump's tariffs a tax on goods, says 'the tooth fairy doesn't pay 'em'
"Tariffs are actually, we've had a lot of experience with them. They're an act of war, to some degree," Buffett said.CNBC - 2d -
Here’s what Warren Buffett thinks of Trump’s tariffs: ‘Over time, they are a tax on goods.’
Billionaire investor Warren Buffett likened tariffs to an “act of war” and said that over time they will act as a tax on goods.MarketWatch - 2d -
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’
The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...MarketWatch - 2d -
US hints that tariffs on Mexico and Canada could be lower than 25%
Commerce secretary Howard Lutnick says levies will take effect on Tuesday but Trump is still deciding ratesFinancial Times - 3d -
Most Americans say income is not keeping up with inflation, CBS News poll finds
Most Americans believe their incomes aren't keeping pace with inflation, according to a new CBS News poll. CBS News executive director of elections and surveys Anthony Salvanto unpacks the findings.CBS News - 6d -
Trump puts tariffs on thousands of goods from Canada and Mexico, risking higher prices
President Donald Trump has moved forward with a plan to put sweeping tariffs on all goods coming into the United States from Canada and Mexico, threatening a trade war with its closest trading ...NBC News - 2d -
Best Buy shares plunge as CEO warns price increases are 'highly likely' due to Trump tariffs
Best Buy beat Wall Street's fourth-quarter earnings and revenue estimates as the company's computing and phone sales increased.CNBC - 1d -
No ‘golden age’ is coming. Trump’s tariffs will hit Americans with higher interest rates and more inflation.
Protectionism won’t make us rich — especially if tariffs launch a trade war.MarketWatch - Feb. 25 -
Trump to ratchet up China tariffs again. Here’s why American consumers will feel the pain this time.
New York Fed analysis suggests “missing imports” from China could mean higher costs ahead.MarketWatch - 6d -
You can still lower your 2024 tax bill or boost your refund with these moves
There's still time to lower your 2024 tax bill or boost your refund with these three strategies, experts say. Here's what to know.CNBC - 6d -
Democrats slam incoming FBI deputy director, Trump ally Dan Bongino
Dan Bongino, the former Secret Service agent turned Fox News host and conservative podcast personality, is set to be the next deputy director of the FBI.ABC News - Feb. 24 -
As the price of bitcoin falls, you can leverage this tax 'loophole,' experts say
With the price of bitcoin down from a record high in January, there could be opportunities for a tax break, experts say.CNBC - 5d -
Texas raises ticket prices as player costs go up
Texas will be raising football season ticket prices by $13 per game next season as the program, already one of the richest in the nation, tries to meet rising costs.ESPN - 5d -
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.The New York Times - 2d -
Emmy-winning producer Andy Cohen lowers the price of one-of-a-kind West Village condo to $12 million
Cohen’s beloved, unique and alluring home of over 20 years is struggling to attract a buyer.MarketWatch - Feb. 21 -
Eli Lilly is selling higher-dose vials of Zepbound at a lower price to boost weight loss drug access
Eli Lilly is offering higher-dose vials through its direct-to-consumer website, LillyDirect, which started offering lower doses in vials in August.CNBC - Feb. 25 -
Bird flu ravaged this farmer’s chickens. Here’s his plan to lower egg prices.
The U.S. needs to make sure USDA has enough staff to conduct research, monitor outbreaks and support farmers.MarketWatch - Feb. 26 -
Mortgage rates are falling, but it’s not helping sell more homes. Are lower house prices next?
Homebuilder stocks are in a bear market, as lower mortgage rates and continued rate discounts haven’t improved demand.MarketWatch - 4d -
The average IRS tax refund is more than 32% lower so far this season, early filing data shows. Here's why
The average IRS tax refund is more than 32% lower so far this season, according to early filing data. Here's what to know.CNBC - Feb. 26 -
Can we lower toxic polarization while still opposing Trump?
I am highly critical of Trump because I believe he amplifies us-versus-them hostility.The Hill - Feb. 22 -
Engie warns US that tariffs and tax uncertainty threaten investment
Comments by French energy group chief follow Trump’s decision to pause hundreds of billions of dollars of green fundsFinancial Times - Feb. 27 -
US to raise tariffs on China and push ahead with Canada and Mexico levies
Donald Trump says duties on biggest trading partners to take effect on March 4Financial Times - 6d -
CTA warns that tariffs could lower U.S. consumer purchasing power by $90B to $143B
The CTA warned today that the tariffs on foreign goods will fuel inflation and hurt U.S. consumer purchasing power by up to $143 billion.VentureBeat - 2d -
Refiners' trade group: Tariffs won't make US energy secure, lower consumer costs
A refiners’ trade group knocked President Trump for his 25 percent tariffs on Canada and Mexico, both neighboring nations known for having the largest bilateral free trade agreements with the ...The Hill - 1d -
UK proposes North Sea tax plan to peg payments to oil and gas prices
Consultation will explore mechanism that would replace controversial ‘windfall tax’ after 2030Financial Times - 1d -
A Trump DOGE Dividend Could Raise Inflation
President Trump floated giving taxpayers a piece of any savings that Elon Musk’s cost-cutting generates, which could reignite inflation.The New York Times - Feb. 20