Treasury secretary calls on Congress to raise or suspend debt ceiling
WASHINGTON — The U.S. is on track to run out of money to pay its bills as early as August without congressional action, Treasury Secretary Scott Bessent warned Friday. He ...
Tag: Business
Hollywood’s chaotic week of tariffs and tax breaks ends with no clear direction
It’s been a chaotic week in Hollywood. Less than a week ago, President Trump called for 100% tariffs on movies made outside the U.S., a move meant to bring productions ...
U.S. farm economy is starting to see first hits from Trump tariffs
Donald Trump’s tariffs are upending crop trading, delaying tractor purchases and constraining imports of chemical supplies into the US. That’s the main message from big agricultural businesses as they report ...
Japanese tech company Panasonic cuts 4% of its global workforce as profits falter
TOKYO (AP) — Panasonic will slash its global workforce by 10,000 people, half in Japan and half overseas, to become a more efficient, “lean” company, the Japanese manufacturer said Friday. ...
Trump and Starmer call trade deal ‘historic,’ but questions remain
WASHINGTON — A trade deal with the United Kingdom announced by the White House on Thursday marked the first of its kind since President Trump launched sweeping global tariffs last month, offering ...
Fishermen battling with changing oceans chart new course after Trump’s push to deregulate
STONINGTON, Maine (AP) — Virginia Olsen has pulled lobsters from Maine’s chilly Atlantic waters for decades while watching threats to the state’s lifeblood industry mount. Trade imbalances with Canada, tight ...
China’s exports rose 8% in April as new US tariffs took effect
BEIJING (AP) — China’s exports rose 8.1% in April from the year before, much more than economists were expecting, in the tail end of a rush by companies and consumers ...
Edison hit with lawsuit saying Eaton fire exposed people to toxic substances
Southern California Edison was hit with another lawsuit in the wake of the Eaton fire Wednesday, with lawyers claiming families living in or near areas devastated by the Eaton fire ...
Mexican executives cheer Rowan for pushing US-Mexico deal
Mexican business leaders and executives lauded statements from Apollo Global Management Inc. Chief Executive Officer Marc Rowan emphasizing the need for a trade partnership between the US and Mexico, which ...
Founder of crypto platform Celsius Network is sentenced to 12 years in prison
NEW YORK (AP) — The founder and former CEO of the cryptocurrency lending platform Celsius Network was sentenced Thursday to 12 years in prison after a prosecutor labeled him a ...
