US stocks rise on Trump’s delayed tariff plan
CNN
US stocks opened higher Tuesday in the first full day of Donald Trump’s second presidency as traders absorbed a blizzard of executive orders that so far point to less aggressive action on trade.
US stocks opened higher Tuesday in the first full day of Donald Trump’s second presidency as traders absorbed a blizzard of executive orders that so far point to less aggressive action on trade. The Dow rose by just over 300 points, or 0.75%, in morning trading. The S&P 500 ticked up by 0.43% and the tech-heavy Nasdaq Composite moved higher by 0.1%. President Trump said in an Oval Office signing ceremony Monday that his administration would levy a 25% tariff on Mexico and Canada starting February 1. He did not mention a tariff on China, the US’ biggest trade partner. Asked Monday at an Oval Office signing ceremony about tariffs on China, Trump noted extensive tariffs he imposed during his first administration were still in effect after former President Joe Biden largely left them in place. Trump also implied that the US would implement tariffs on China if Beijing did not approve any deal on TikTok, which is facing a ban in the US due to questions about national security and scuttling the First Amendment. The dollar, which has been gaining in recent months in anticipation of Trump’s second term, was largely flat Tuesday morning after rising on news of Trump’s proposed tariffs.
Allen Media Group announced sweeping cuts that will see all of local meteorologists eliminated or reassigned at its nearly two dozen television stations nationwide.
The extraordinary developments for one of America’s most popular social media apps over this weekend will be one for the history books. The banning — and unbanning — of TikTok involved actions from a former president, a sitting president and a future president and gripped 170 million Americans who use the app daily.
Terry Hodge would have a tough time caring for the 150 or so elderly women at Bethany Health Care Center without the dozens of immigrant nursing assistants, housekeepers, dietary aides and other staffers at the Framingham, Massachusetts, facility.
For many of America’s 170 million TikTok users, US President Donald Trump’s move to delay a legal ban of the popular social media platform was cause for celebration. But in China, where TikTok’s parent company is based, the reception has been less positive.
President Donald Trump is expected to outline his trade policy for his second term in an executive action Monday. But that action – described by sources as a “placeholder” – won’t institute new global tariffs that Trump has promised would raise trillions of dollars.
TikTok is now accessible again in the United States. Just how long that lasts will likely depend on incoming President Donald Trump.
The total number of Champagne shipments from France sank by almost 10% last year to 271 million bottles, marking the second consecutive year of declines.
Members of the Teamsters union have authorized a strike against Costco on February 1 unless they reach a deal with the warehouse retailer before the current contract expires on January 31.
When Keith Bussey first opened his Nothing Bundt Cakes location in Northern California in 2019, he exhausted his 401(k) savings, excited to invest in an up-and-coming franchise. And it really helped that the company had a long-standing tradition of offering its franchisees the option to close on Sundays.
Since Trump’s victory in November, the American Business Immigration Coalition has held several dozen in-person and virtual training sessions with more than a thousand employers to prep for the sweeps.
The incoming first couple have launched a pair of meme coins in the leadup to President-elect Donald Trump’s inauguration.
Move over billionaires. The first trillionaires are on their way.
Instagram has made changes in recent days that appear to be aimed at attracting TikTok users while the short-video app’s future remains in limbo.
The clock has run out on TikTok — at least for now.
Federal Reserve officials have worked hard to set interest rates at levels that minimize inflation and maximize employment over the past couple of years. And they’ve been remarkably successful, a historically rare feat to pull off.
Monday, January 20, commemorates the birthday of the Rev. Martin Luther King Jr. This year, the holiday coincides with President-elect Donald Trump’s inauguration, though the majority of business closures will be for MLK Day.
President Joe Biden will leave the White House with a strong economy, historic gains in the job market, a foundation for future manufacturing growth, and having brought down decades-high inflation without triggering a recession.
Europe’s generous welfare states are coming under increasing strain as weak economic growth collides with rising demands on government budgets, particularly from aging populations.