Trump knocks China for refusing to accept Boeing jets amid trade war
President Trump on Thursday knocked China for refusing to accept Boeing aircraft amid an ongoing trade war with the US, calling for rejection and calling another example of China using the US “Boeing needs to be in debt to China because it doesn’t take the beautifully completed plane that China has promised to buy. This […]
Pastor calls for 'full Target boycott' over DEI rollback
Georgia pastors are calling for a “complete target boycott” over the company’s decision to end diversity, equity and inclusion (DEI) efforts. Pastor Jamal Bryant of the New Baptist Church of Baptist Church, Stonecrest, Georgia, said his goal is to persuade businesses to revive policies towards racial equity advances, including helping black employees develop their careers […]
Most expect higher prices from Trump tariffs: Survey
According to a new poll from the United States, most Americans expect higher prices due to President Trump’s tariff policy. Associated Press NORC Research Center. In the survey, 76% of respondents said Trump’s customs policy was trying to “a lot” or “somewhat” increase the prices of U.S. consumer goods. 12% said they believe the tariff […]
Durable goods orders skyrocketed in March ahead of Trump tariffs
Prior to Trump’s April 2nd tariff announcement, orders for durable goods surged in March. New manufactured orders rose 9.2% in March to $315.7 billion, compared to a 0.9% increase in February. Economists had predicted a rise of just 2%. Transportation orders rose 27% that month, while commercial aircraft orders rose 139%. Private capital goods orders […]
Jack in the Box to close up to 200 restaurants
(KTLA) – Jack in the Box announced plans to close 150-200 bad stores on Tuesday as part of an aggressive financial plan called “Jack on Track.” Company CEO I said The fast food chain, known for its jumbo jack and sarcastic mascots, is focused on accelerated cash flow and repaying debts. Jack in the Box […]
Will Trump's trade war usher in the end of dollar dominance?
Flights from US financial assets spurred by President Trump’s trade war have subsided as the White House appears to be increasingly keen on attacking new trade contracts with its top US trading partner China. However, the US dollar’s losses in its ability as the world’s leading reserve currency may already be incurred. This could bolster […]
Apple, Meta fined for breaking EU antitrust rules
Facebook and Instagram parent companies Apple and Meta were fined together on Tuesday for breaking antitrust rules in the European Union’s digital market. The European Commission violated the Digital Markets Act (DMA) by fines Apple 500 million euros, or about $570 million, and blocking app developers from customers to alternatives other than the iPhone’s App […]
Democrats call on Social Security watchdog to investigate DOGE cuts' impact
Democrats are pushing social security representatives for Social Security on their responses to how changes in agency operations under the Trump administration have affected services and are concerned about potential disruptions in benefits. In Wednesday’s letter We asked General Michelle Anderson, a Democrat group, to consider agency actions to “reorganize the organizational structure, close numerous […]
Hassett on Trump tariffs: 'Very optimistic about China' and 'especially optimistic' about 'everybody else'
National Economic Council Director Kevin Hassett said on Wednesday that he was “very optimistic” about the possibility of a trade deal with China, reflecting recent changes in President Trump’s tone. In an interview with Fox News on “Ingraham Angle,” Brian Kilmead asked the US “even trying to start talking to China again,” and mentioned a […]
Mega-investor Ken Griffin: Trump’s trade war 'has devolved into a nonsensical place'
Billionaire investor Ken Griffin said President Trump’s trade war was “deadlined to a pointless place,” as the market sees in response to the latest signal from the White House. Citadel founder and CEO Griffin told Semafor’s World Economic Summit on Wednesday that he is looking forward to some of Trump’s agenda, including the need to […]