Business
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Trade rep: U.S. supply chain needs to 'accelerate' move away from China
President Trump's top trade official says China's decision to increase tariffs on U.S. goods from 84% to 125% is "not terribly surprising but...
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China will raise tariffs on U.S. goods from 84% to 125%, the latest in an escalating trade war
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% -- the latest salvo in an escalating trade war between the world's...
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Trump signs bill loosening cryptocurrency regulations
President Trump on Thursday signed into law a bill that loosens cryptocurrency regulations by shielding decentralized finance (DeFi) exchanges from...
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House approves budget plan, opens door to Trump agenda
House Republicans coalesced and adopted the Senate's budget rewrite on Thursday after spending the week bashing the upper chamber's offering as an...
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BlackRock CEO Larry Fink’s grim recession warning: Trump tariffs ‘beyond anything I could have imagined’
Trump’s decision on April 2 to impose the most severe tariffs in over a century triggered a global sell-off.
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Scale AI CEO Alexandr Wang issues stark warning about America’s need to keep pace with China on AI
Alexandr Wang, the world's youngest self-made billionaire and CEO of the $14 billion company Scale AI, is unnerved by Chinese advancements in AI —...
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Wholesale inflation unexpectedly drops in March as gas prices plunge
Last month's decline in goods prices was the largest since October 2023 and followed a 0.3% gain in February.
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Ex-Abercrombie CEO Mike Jeffries ruled unfit for trial in sex trafficking case due to his dementia
The 80-year-old was arrested in October and charged with organizing sex parties where male models were reportedly coerced into sexual acts.
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US stocks fall after China slaps 125% tariff on US imports, escalating trade war
After Trump added a 125% tariff on China, bringing the total rate to 145%, the nation responded on Friday morning with a total 125% tax on US imports.
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CBS loses ‘Jeopardy!’ and ‘Wheel of Fortune’ distribution rights — dealing Sony major win
"Sony can begin distributing the shows and need not deliver episodes to CBS," Los Angeles Superior Court Judge Kevin Brazile ruled.
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TikTok deal becomes casualty of Trump’s trade war with China
Trump’s U-turn on reciprocal tariffs Wednesday that put the trade war on pause for the entire world except China is making a deal all but...
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Wall Street bigwigs think it’s too early to dive back into stock market — despite tariffs pause
Yeah, there are some stocks of great companies beaten down by the tariff tantrums that look cheap, but overall the market faces a huge problem of...