Business

Wall Street thought it had President Donald Trump all figured out on his trade war, but the past week has raised concerns that investors may be wrong. Markets had dismissed tariff risks under the assumption that Trump would follow an earlier pattern and back off, in what became known as the so-called TACO trade. That allowed stocks to reach new record-high territory …

A complaint that sparked the initial January inquiry accused X of spreading “an enormous amount of hateful, racist, anti-LGBT+ and homophobic political content, which aims to skew the democratic debate in France.” POLITICO has reached out to X for comment. The investigation lands as X is increasingly under fire from regulators in Paris and Brussels. Two French parliamentarians referred the platform …

Once-in-a-Generation Copper Trade Upends a $250 Billion Market  Bloomberg Opinion | Trump’s Tariffs Blow Up the Copper Market  The Wall Street Journal Trump’s copper tariffs pile more metal misery on US auto industry  Reuters U.S. Copper Prices Surge on Trump’s Threat of 50% Tariff  The New York Times Triangle businesses brace for possible 50% copper tariff  ABC11 Source link

Inflation has fallen considerably, but it is still too high for Federal Reserve policymakers’ tastes. And tariffs make the calculation even more complicated. “We’ve had goods inflation just moving up a bit,” said Fed Chairman Jerome Powell at a news conference last month. “We do expect to see more of that over the course of the summer. It takes some …

Amazon Prime Day Fuels 30.3% Rise In US Online Spending  Bloomberg.com Amazon Prime Day 2025 delivers record sales and savings in expanded four-day shopping event  AboutAmazon.com Amazon Prime Day 2025 racks up record sales figures, company says  USA Today US online spending surges $24.1 billion as steep discounts boost sales, Adobe says  Reuters What Amazon’s Prime Day looks like so far this year: Better …

Key Takeaways After the dollar’s steepest half-year drop in decades, investors see continued declines ahead. Receding confidence in the dollar is driving investors to sell dollars and buy gold and other major currencies. The dollar is unlikely to lose its dominance quickly, even as China’s central bank boosts the yuan. The first six months of 2025 marked the worst half-year …

Shareholders of Walgreens Boots Alliance overwhelmingly approved the drugstore chain’s $10 billion acquisition by private equity firm Sycamore. It is a rough era for national pharmacy chains like Walgreens, CVS, and Rite-Aid, closing hundreds of stores due to changing consumer behavior, declining pharmacy reimbursements and rising costs. Walgreens will close more than 1,000 stores through 2027 and Rite-Aid filed for …

U.S. lawmakers may actually get a crypto bill to the president’s desk. The House is set to vote on market structure and stablecoin legislation next week, bringing the U.S. a vital step closer to drafting new rules for the industry. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign …

In Columbia, South Carolina a TikTok video is making the rounds, showing single mom Nykia Hamilton tirelessly running the entire restaurant by herself — something she says has happened often. In a now-viral interview with local South Carolina outlet WACH FOX 57, Hamilton claimed she was repeatedly left alone to run the restaurant where she works, taking orders, making food, …

A garment factory in Los Angeles. Garment Worker Center hide caption toggle caption Garment Worker Center A garment factory in Los Angeles. Garment Worker Center What people might picture when they think of “Made in America” … might not look like the “Made in America” we have today. The U.S. does have a domestic manufacturing industry, including a garment manufacturing …