President Trump defends his tariff policy on NBC's 'Meet the Press', claiming it will make America rich. He argues that his policies have led to lower energy prices despite rising costs on other goods.
A multimillion-dollar luxury yacht, Tecnomar for Lamborghini, started sinking off the coast of Miami Beach, leaving 32 passengers stranded. All passengers were rescued with no injuries. The incident occurred during Formula One's Miami Grand Prix weekend.
The Trump administration's tariffs are impacting the nation's ports, with the Port of Long Beach experiencing a drop in vessel arrivals and cargo volume, potentially leading to job losses and supply chain disruptions. Uncertainty around tariff numbers is causing importers to wait before placing orders, and there is concern about higher prices and potential shortages of goods.
President Donald Trump believes that tariffs will make the United States rich, despite concerns about potential price increases and supply shortages.
Small Business Administrator Kelly Loeffler discusses empowering small businesses across the country during National Small Business Week, highlighting their importance and role in the U.S. economy. She will crown the National Small Business Person of the Year and other award winners, traveling to different states to meet with entrepreneurs and community leaders.
Chevron CEO Mike Wirth praises Trump administration's economic policies, downplays U.S. recession threat. Expresses concern over China's influence in oil-rich Venezuela.
Small Business Administration Administrator Kelly Loeffler announced the Made in America Manufacturing Finance Act to boost manufacturing in the US by increasing SBA loans to small businesses. The bill would double the individual loan limit for small manufacturing loans from $5 million to $10 million.
French police rescued the father of a wealthy cryptocurrency entrepreneur who was kidnapped for ransom in Paris. The man was located in a house in the Essonne region south of Paris and was treated for injuries. 5 people were detained in connection to the incident.
Billionaire Warren Buffett announces retirement as Berkshire Hathaway CEO, naming Greg Abel as successor. Buffett plans to keep his fortune invested in the company. Many investors believe Abel will do a good job running Berkshire.
An air traffic controller warned that Newark Liberty International Airport is unsafe for travelers due to staff shortages, leading to flight delays. United Airlines canceled flights due to controllers walking off the job.
Economist Steve Moore discusses President Donald Trump’s economic policy and the April jobs report on ‘Fox Report.’ The article highlights the impact of Trump’s reciprocal tariff rates on the stock market and Amazon’s stance on tariffs.
Amazon is celebrating Star Wars Day with a sale from the 4th to the 6th of May, offering discounts on a wide range of Star Wars items including toys, clothes, and collectibles. Prime members can also enjoy complimentary access to select Star Wars titles on Amazon Luna and Prime Gaming.
French police rescued the father of a wealthy cryptocurrency entrepreneur in a nighttime raid after he was taken hostage for ransom. This is the latest alleged criminal effort in France to extort people involved in the management of digital assets.
Elon Musk's wish to create his own city in South Texas has come true with voters approving the incorporation of the area as the City of Starbase. The city will give Musk more control over the nearby public beach and may lead to the creation of another city near Austin. The new city will have ties to SpaceX and is primarily for Musk's employees.
Texas votes to create a new city called Starbase centered around Elon Musk's SpaceX, with the measure passing with broad support. The new city covers 1½ square miles at the southern tip of Texas and is expected to benefit SpaceX operations.
Despite populist beliefs, some major companies like Costco, Apple, Levi’s, and Goldman Sachs have rejected proposals targeting diversity, equity, and inclusion (DEI) programs. Shareholders, including conservative think tanks, have voted against measures to examine legal risks of pursuing DEI policies.
Aurora launches commercial driverless trucking service in Texas, partnering with Uber Freight and Hirschbach Motor Lines. Their self-driving trucks use advanced technology to operate safely on public roads, with plans to expand their fleet by 2025.
Warren Buffett announces retirement and recommends Greg Abel as successor at Berkshire Hathaway annual meeting in Omaha, Nebraska. Buffett will retire at the end of the year. Abel, who currently manages noninsurance businesses, will take over as CEO. Buffett plans to keep his fortune invested in the company under Abel's management.
Warren Buffett criticizes President Trump's trade policy, stating that trade should not be used as a weapon and protectionist policies could have negative consequences for the U.S. economy. Buffett's comments come after the White House imposed high tariffs on imports, leading to market volatility.
Brian Ingram, a Minneapolis-St. Paul restaurant owner, closes his restaurant due to rampant crime and lack of accountability from city officials. He criticizes the failure to prosecute criminals and the difficulty in filing police reports. The city experienced a wave of gun violence, with five people killed and six others injured in multiple shootings over a 24-hour period.
Amid concerns over Trump administration policies, America's wealthy and skilled individuals are considering relocating to the UK, presenting an opportunity for Britain to benefit from a reverse brain drain. The UK's shared language and prestigious universities are attractive to Americans, potentially boosting the economy and higher education sector.
President Trump dismisses worries about a short-term recession, stating the U.S. economy is in a transition period and will do well. He believes tariffs will benefit the economy despite concerns over supply chain issues and higher prices.
Chinese discount shopping website Temu halts shipments from China to the U.S. due to President Trump ending duty-free de minimis treatment on small shipments. This change affects prices and operations for Temu and similar companies.
Consumers did not front-run tariffs, which is seen as a positive for the economy. Retail sales data and household financial situations support this claim. Businesses stocking up on inventory is actually a bullish signal. Overall, consumer spending remains stable and demand is not being pulled forward.
White House press secretary Karoline Leavitt praised the better-than-expected jobs report, highlighting the addition of 177,000 workers to payrolls in April. The report showed growth in wages, labor force participation, and private sector hiring.
United Airlines will cancel 35 roundtrip flights a day at Newark Liberty International Airport due to air traffic controller staffing shortages and FAA technology problems, causing thousands of delays. CEO Scott Kirby announced the cuts, which amount to 10% of United's daily schedule at Newark hub, to protect customers.
JetZero is developing a revolutionary blended-wing body plane that could replace older Boeing jets, with United Airlines backing the project and planning to buy up to 200 of the new planes. The Z4 plane aims to burn half the fuel of traditional planes, with a design that widens cabin space and offers a 'living room in the sky' experience.
Driverless trucks are officially running their first regular long-haul routes between Dallas and Houston under Aurora's commercial service, no longer requiring safety drivers. The technology has completed over 1,200 miles without a human in the truck.
TikTok has been fined $600 million by the Irish Data Protection Commission for violating the GDPR by sending European users' data to servers in China. The company failed to ensure data protection standards equivalent to those required by the EU.
Apple reported record revenue in the March quarter driven by strong demand for iPhones and other devices ahead of potential new U.S. tariffs. Majority of U.S. iPhones will now come from India, while iPads and other devices will be imported from Vietnam.
China may be open to talks with the U.S. on tariffs, presenting a possible off ramp from the ongoing trade war. Both countries have imposed high tariffs on each other, but there is hope for a deal. The U.S. recently ended tariff exemptions on goods from China under $800, which could impact consumers.
A summary of the latest CBS News Sunday Morning episode covering various topics including Lawrence Summers, the Met Gala, Wegmans, Malcolm X, and more.
New York City saw an outflow of high-earning residents from 2017-2022, but an influx of migrants boosted population in 2023-2024. Factors driving people away included the pandemic, immigration policy, affordability, and work opportunities. Residents moved to Florida, Texas, and nearby states due to lower taxes and better quality of life.
A guide on selecting the perfect gift for a college graduate, featuring various options from bags to cookware and electronics
Mississippi Governor Tate Reeves plans to eliminate the state's income tax by 2030 to boost competitiveness and attract investment. Reeves aims to make Mississippi more competitive with neighboring states like Texas and Florida. He opposes tax hikes and believes in reducing taxes on hardworking individuals.
Walmart is currently running a beauty event with discounts on various beauty products from high-end brands like Dyson, La Roche-Posay, and Olaplex. The sale includes skincare, makeup, haircare, and accessories, and runs until May 31. Some notable products on sale include the Bio Ionic Pro Curling Iron, Dyson Airwrap, Sol de Janeiro Delicia Drench Body Butter, L'Oreal Paris Revitalife Serum, and more.
China is evaluating an offer from the U.S. to hold talks on tariffs, signaling a potential de-escalation of the trade war between the two countries. The Chinese Commerce Ministry warned against coercion and extortion in negotiations.
Interior Secretary Doug Burgum discusses the Department of Interior’s new oil and gas lease sale in the Gulf of America and a rule revision aimed at cost-saving measures for private firms. The rule will deregulate a previous rule to bolster Gulf Coast oil and gas production.
Abbe Lowell, a well-known lawyer, is starting his own small law firm, Lowell & Associates, after representing high-profile clients for nearly 40 years. The firm aims to zealously represent individual clients while also strengthening the overall rule of law.
Employers in the United States added 177,000 workers to their payrolls in April, with the unemployment rate remaining at 4.2%. The private sector added 167,000 jobs, exceeding expectations. Average hourly earnings rose by 0.3%, and the average workweek expanded to 34.3 hours. Some sectors like manufacturing and construction showed positive job growth.
The article discusses the rise of Jordon Hudson, girlfriend of former New England Patriots coach Bill Belichick, from a cheerleader to a figure of authority in football and media. It also touches on her family's struggles with a fishing business, her relationship with Belichick, and her involvement in UNC's football program.
China is assessing the situation after overtures from the U.S. for trade talks, but insists on sincerity and correction of tariff actions. Trade relations are strained with high tariffs on both sides, causing a slowdown in trade and economic impact.
Google CEO Sundar Pichai argued in a federal court hearing that the government's proposed measures to address the company's illegal monopoly in online search would hinder innovation and investment in new technologies. The case is a significant test of the U.S. government's efforts to regulate the power of tech giants in Silicon Valley.
The White House has launched a website tracking major investments into the United States since President Trump's return to office, with companies like Apple, Nvidia, and IBM committing billions. Trump predicts investments exceeding $8 trillion in two months, attributing the influx to his tariffs, deregulation policies, and tax cuts.
Larry Kudlow disputes recession talk based on recent GDP numbers, highlighting strong core GDP growth and business investment. Attributes strength to confidence in future demand and anticipation of Trump's tax reform package. Points to slowing inflation and predicts a Federal Reserve rate cut. Raises questions about statistical oddities in the GDP calculation.
The recent GDP contraction in the US was not due to collapsing consumer demand but rather a flood of imports driven by businesses front-running tariffs. This front-running is seen as a positive sign for future sales and economic growth.
California's population increased for the second consecutive year, with most growth in the state's biggest cities. The end of the California exodus was confirmed with population nearly reaching pre-pandemic levels by 2024.
McDonald's reported its worst quarterly sales for the United States since the height of the pandemic in 2020, citing lower guest counts and a decline in traffic among middle and low-income diners. The chain is facing challenges amid the turbulent economic environment in the U.S. and abroad.
Donald Trump's involvement in a dinner with investors of his cryptocurrency, TRUMP coin, raises concerns about potential bribery and corruption. The coin's value surged after the announcement, leading to questions about violating emoluments clauses. Despite regulatory implications, legal experts warn of potential consequences for Trump's actions.
Americans are rushing to buy cars amid worries about President Trump's tariffs potentially increasing car prices. New vehicle sales have been on the rise, particularly since the announcement of upcoming auto tariffs. President Trump's tariff strategy aims to incentivize domestic car production.
Tariffs on foreign timber and an executive order suspending environmental regulations may revive the domestic logging industry, but the economic feasibility of forest exploitation remains uncertain.
Subway, once a dominant fast-food chain with a large number of locations, is facing challenges such as store closures and a shrinking footprint due to rising prices and competition from fast-casual eateries.
Amazon's Summer Beauty Event offers up to 49% off on oral care products including toothbrushes, mouthwash, and flossers. Deals run from April 28 to May 11. Various products cater to oral hygiene needs, such as deep cleaning toothbrushes, oil-pulling mouthwash, tongue scrapers, and water flossers.
Harrods, the luxury department store in London, was targeted in a cyberattack, leading to concerns about online security for high-end businesses. Customer payment data was not compromised, and the store took proactive steps to secure their systems.
In the first 100 days of Trump's second term, tech CEOs who initially supported him have faced financial losses and challenges due to his policies and economic agenda.
New data reveals major American cities with cheapest food delivery fees, Texas cities rank in top 10, Fort Worth has cheapest average DoorDash fees at 40 cents per order, Austin has cheapest Grubhub fees at 70 cents, San Francisco has highest Grubhub fees at $6.12 per order.
Former national security advisor warns about DOJ's proposal to break up Google's monopoly on online search, citing national security risks and impact on U.S. competitiveness with China. The proposal is seen as overly broad and could hinder innovation in key technologies.
Ukraine is ready to sign an agreement with the U.S. granting access to rare minerals in exchange for American support in its war with Russia. The deal includes raw materials critical to U.S. interests like titanium and uranium.
Chinese workers protest layoffs and unpaid wages due to Trump's tariffs, exacerbating China's pre-existing unemployment issues. The situation is worsened by ongoing labor disputes and poor economic conditions, with potential for millions of job losses.
Treasury Secretary Scott Bessent announced a historic economic partnership agreement between the United States and Ukraine, creating the United States-Ukraine Reconstruction Investment Fund and granting the U.S. access to Ukraine's rare earth minerals. President Trump's efforts for peace in the Ukraine-Russia war were praised.
President Donald Trump has directed deputies to restart English-language proficiency tests for foreign truck drivers, leading to some drivers quitting the industry. The move is controversial, with some supporting it for safety reasons and others criticizing it as a political move. The trucking industry is facing challenges, including a driver shortage and concerns about working conditions.
The United States and Ukraine signed a deal to share revenue from the extraction of minerals, including rare earths, with President Trump praising it as saving America from looking foolish for funding the Ukraine War. The agreement establishes the United States-Ukraine Reconstruction Investment Fund to invest in the Ukrainian economy and split dividends 50-50 between the two governments.
Elon Musk denies reports of Tesla board seeking replacement, criticizes Wall Street Journal for unethical reporting. Board expresses confidence in Musk. Financial challenges evident in disappointing first quarter results. Musk criticized for prioritizing work for Trump administration over running Tesla.
May Day rallies across continents focus on labor rights, with many protesting U.S. President Donald Trump's policies, tariffs, and global influence. Demonstrations in various countries highlight concerns over economic turmoil, labor protections, immigration crackdowns, and anti-right-wing politics.
Initial unemployment claims in the U.S. increased unexpectedly last week, indicating potential trouble for the economy. The rise was largely driven by one state, New York, and is part of a broader trend of deteriorating hiring and firing indicators in recent weeks.
Egg prices in the US have reached a record high, with consumers paying an average of $6.23 per dozen. Large egg producers like Cal-Maine are making record profits while also receiving taxpayer-funded relief. The industry blames avian flu outbreaks for the price increase, but critics argue that producers are using the crisis to raise prices unfairly.
Engineer Cristina Balan raised safety concerns about Tesla's Model S vehicles, was fired, and faced legal battles including a defamation case against the company. After a seven-year fight, an appeal has allowed her claims to be heard in public.
Shari Redstone, the controlling shareholder of Paramount, reportedly asked CBS News to delay sensitive stories about President Trump until the sale of her company to SkyDance is finalized. This interference led to the resignation of 60 Minutes executive producer Bill Owens over concerns about lack of independence.
Amazon Inc. may soon display the added value due to President Trump's tariff impositions on products in its online store. The move is seen as a way to inform customers that cost rises are due to the Trump White House, not Amazon. The response has been mixed, with some criticizing Amazon's plan as a political act.
Amazon considered displaying import charges on ultra-discount items sold on its Amazon Haul platform in response to changes in trade policies, but the plan was never approved. The White House criticized the initial reports of this plan as a 'hostile and political act.'
Younger workers are more likely to be burnt out and looking for new jobs due to job monotony, lack of pay raises, and toxic work environments. Companies need to address compensation issues, flexibility needs, and toxic cultures to prevent talent drain.
Americans' confidence in the economy has slumped to the lowest level since the onset of the COVID-19 pandemic due to anxiety over tariffs. Consumers expect hiring to slow and are worried about a potential recession. The decline in confidence may lead to reduced spending and slower growth.
The BRICS+ coalition is planning a financial system independent of the U.S. dollar, known as the Rio Reset, which could challenge U.S. financial dominance. The system aims to reduce global demand for U.S. dollars and protect against devaluation. Americans are advised to diversify their savings, including purchasing gold, to prepare for potential impacts on their retirement savings.
Small businesses in the U.S. are struggling due to increased tariffs on goods from China, causing major disruptions and financial strain. Owners are facing dwindling inventory, canceled orders, and potential insolvency. The ongoing trade war is impacting various industries, including game makers, home decor shops, tea shops, and manufacturers of vehicle seat covers.
Shipments from China to the west coast of the U.S. are expected to plummet by over 35% next week due to President Trump's tariffs, leading to major American retailers stopping shipments from China. This will result in fewer goods, canceled arriving ships, and potential impact on store shelves and prices.
The White House criticized Amazon for planning to display the cost of President Trump's tariffs on its site. Amazon will show how much of an item's cost comes from tariffs. This move has led to a drop in Amazon's stock price.
A new report from Zillow shows that in over 230 U.S. cities, a starter home now costs at least $1 million, a significant increase from just five years ago. California leads the nation with 113 cities having million-dollar starter homes, but the trend has spread to other states as well. Despite rising home prices nationwide, the pace of increase has slowed recently.
CBS News' parent company, Paramount, is supervising '60 Minutes' content leading to the abrupt departure of executive producer Bill Owens due to corporate overreach. Legal battle with President Donald Trump over election interference allegations impacting network's handling of interviews. Speculation of settling lawsuit ahead of merger with Skydance Media to avoid FCC retribution. Network insiders express anxiety and frustration over the situation.
President Trump is giving automakers a break on some tariffs to prevent stacking up on imports of foreign cars, aiming to support domestic manufacturers and provide time for investments in domestic plants.
Budget airline Avelo Airlines faces backlash for operating deportation flights for ICE amid financial struggles.
NPR/PBS News/Marist poll shows mixed opinions on President Trump's first 100 days in office. Trump has taken aggressive actions against political opponents and news organizations. Columbia University student detained for advocating Palestinian rights. Violinist Esther Abrami releases album featuring music by female composers. New music festival Biscuits & Banjos explores Black music in Durham, N.C. DHL to resume shipping packages over $800 to individual U.S. customers.
President Donald Trump's first 100 days in office resulted in the second worst performance for the stock market since the 1970s, with the S&P 500 dropping 7.9%. This was a stark contrast to the initial post-election rally, as fears of trade policies and recession loomed.
Tariffs imposed by the Trump administration could lead to a recession in the U.S. this summer, with potential shortages in stores and economic impacts on businesses. Despite some pauses in tariffs, the situation remains tense with China. While some predict a recession, others believe in a 'detox period' for the economy.
President Trump's trade war policies are causing a 35% decline in cargo arriving at the Port of Los Angeles. The U.S. holds the most bitcoin, but private crypto holders outnumber governments. IBD offers exclusive stock lists, expert market analysis, and tools for investors.
Tesla is facing serious financial challenges with dwindling sales, plunging profits, and brand damage due to Musk's political activities. The company heavily relies on regulatory credits for revenue, which may be at risk due to changing regulations. Despite Musk's optimism, Tesla's financial distress is evident in its declining profit margins and competition in the EV market.
Treasury Secretary Scott Bessent stated that China needs to de-escalate their trading policy with the Trump administration. Talks between the two countries are ongoing, with a focus on resolving the trade imbalance.
An explosion at the Shahid Rajaee port in Iran has caused at least 65 deaths, posing a challenge for the Iranian regime. The incident highlights the need for Iran to show stability, especially in securing critical sites like ports in the midst of negotiations with the US over its nuclear program. The cause of the explosion is under investigation, with concerns over potential economic impact and the government's handling of the situation.
PepsiCo is phasing out artificial ingredients in their products following an announcement by the HHS and FDA to ban synthetic dyes from the American food supply. Certified nutritionist Liana Werner-Gray supports the move, citing health benefits from eliminating artificial dyes.
IBM plans to invest $150 billion in the United States over the next five years, focusing on American jobs and manufacturing. The investment includes $30 billion in research and development for mainframe and quantum computers.
President Trump's administration saved taxpayers over $700 million in the first 100 days by cutting 'wasteful' programs at the Department of Energy. The savings are part of a projected $3 billion total savings from canceled contracts.
Learn about pressure washers for cleaning various surfaces like siding, decking, and cars. Different pressure washers have varying PSI and GPM for different tasks. Recommendations include Ryobi 2,000 PSI electric pressure washer, Vevor pressure flat surface cleaner, DeWalt electric pressure washer, and Simpson Cleaning 4,000 PSI Gas Pressure Washer.
An overnight fire at a Tesla dealership in Mesa, Arizona is being investigated as a potential case of arson with the perpetrators spray-painting 'THIEF' on the building. Similar incidents targeting Tesla facilities across the U.S. have been on the rise, with individuals facing federal charges for attacks.
Le Creuset is celebrating its 100th anniversary with discounts on its colorful collection of products and a new color drop - Flamme Dorée or Golden Flame. The brand has a loyal following, including notable celebrities and top chefs. Alternative Dutch oven brands are also highlighted in the article.
Despite promises of a 'boom like no other,' the stock market has experienced a downturn during Trump's first 100 days in office due to trade uncertainty and policy shifts, causing volatility and investor unease.
President Trump met with executives from top retailers to discuss the impact of trade policy on their businesses, highlighting the importance of Main Street small businesses in the economy.
President Trump is considering changing the income tax withholding system to potentially eliminate income taxes for some individuals due to tariffs. He believes the revenue from tariffs will allow for significant tax cuts, potentially even eliminating income tax altogether for certain income brackets.
President Trump claims that his tariff policy will substantially reduce or eliminate income taxes for some American workers, focusing on those making less than $200,000 a year. He has imposed tariffs on various nations, faced criticism for a 'trade war,' and has walked back some policies. The tariff policies have affected the stock market and bond market.
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The 404 Media Podcast discusses the controversial topic of Massive Blue selling AI-powered undercover bots to law enforcement. They also cover visiting a millennial saint and talk about business in the subscribers-only section.
California is planning to launch a new license plate sequence for newly registered vehicles due to running out of current combinations. The threat of a trade war sparked by President Trump's tariffs has contributed to this situation.