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Tariffs Split Fed Officials on Rate-Cut Outlook

Policymakers pointed to ā€œconsiderable uncertaintyā€ about the timing, size and duration of the tariffs’ potential effects on inflation, the minutes showed.

July 9, 2025

Trump Reveals New Batch of Tariffs From Iraq to Philippines

President Donald Trump unveiled a new round of tariff demand letters on July 9 with levies set to hit in August on imported goods from partners who fail to reach agreements with the U.S.

July 9, 2025

Tariff Foes Urge Appeals Court to Curb ā€˜Blank Check’

A group of small businesses that won an order finding President Donald Trump’s global tariffs illegal urged a federal appeals court to uphold that decision and block the trade levies.

July 9, 2025

Trucking Industry Praises Trump's ā€˜Big Beautiful Bill’

Dozens of freight and trucking stakeholders praised the recently enacted comprehensive tax and budget measure referred to as the ā€œOne Big, Beautiful Bill.ā€

July 9, 2025

Cruise Cuts 101 Employees as GM Winds Down Robotaxi Program

Cruise, the embattled self-driving car subsidiary of GM, has laid off 101 more employees across the Bay Area, marking the latest round of job cuts as the company scales back its robotaxi efforts.

July 9, 2025

Trump’s Trade Blitz Yields Few Deals but Lots of Uncertainty

President Donald Trump's lightning round of global trade negotiations with dozens of countries has yielded two deals, with the U.K. and Vietnam, and a framework for a deal with China.

July 9, 2025

EIA Trims Forecast for 2025 US Crude Oil Output

The latest production forecast for this year represents a drop of about 50,000 barrels a day from the Energy Information Administration’s previous projections in June.

July 8, 2025

Amazon's Seller Pricing Limits Face Canadian Review

Canada’s competition watchdog secured a court order to help its investigation into whether Amazon is abusing its dominant retail position in the market.

July 8, 2025

Trump Says Powell Should Resign if He Misled Congress

ā€œThen he should resign immediately,ā€ Trump said when asked about the allegations that Powell mischaracterized details about renovations at the Fed’s headquarters.

July 8, 2025

Trump to Impose 50% Copper Tariff, Delay Drug Duties

ā€œI believe the tariff on copper we’re going to make it 50%,ā€ President Donald Trump said when asked by a reporter what the rate on those products would be.

July 8, 2025