Home Depot doesn't expect to raise prices because of tariffs, saying it has spent years diversifying the sources for the goods on its shelves. Billy Bastek, executive vice president of merchandising, said during a conference call on Tuesday that Home Depot's suppliers have shifted sourcing across several countries and that the company doesn't expect any single country outside of the U.S. will represent more than 10% of its purchases 12 months from now.
For the first time in the United States, a utility is asking federal regulators for a permit to build a small nuclear reactor. The nation's largest public power company, the Tennessee Valley Authority, announced Tuesday it submitted a construction permit application to the U.S. Nuclear Regulatory Commission for a small, modular nuclear reactor.
U.S. retail egg prices fell in April from the record-high prices they hit earlier this year, according to government data released Tuesday.
China’s exports to the United States tumbled in April while its trade with other economies surged, suggesting that President Donald Trump's tariffs offensive is hastening a shakeup in global supply chains.
WASHINGTON (AP) — Top U.S. officials are set to meet with a high-level Chinese delegation this weekend in Switzerland in the first major talks between the two nations since President Donald Trump announced stiff tariffs on imports.
WASHINGTON (AP) — American employers added 177,000 jobs in April. Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations for a modest 135,000. The unemployment rate remained at a low 4.2%, the Labor Department reported Friday.
WASHINGTON (AP) — President Donald Trump will sign an executive order Tuesday to relax some of his 25% tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.
Coca-Cola reported better-than-expected earnings in the first quarter and said the impact of tariffs on its business are likely to be “manageable.”
Norfolk Southern's quarterly profits were again inflated by insurance payments related to its disastrous 2023 derailment in eastern Ohio, but even without that, the railroad's profits still grew.
BEIJING (AP) — China on Monday warned other countries against making trade deals with the United States to China’s detriment.
TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.
BETHLEHEM, Pa. (AP) — Love them or hate them, those marshmallow Peeps that come in blindingly bright colors and an array of flavors are inescapable around the Easter holiday.
NEW YORK (AP) — Stocks rose worldwide Monday after President Donald Trump relaxed some of his tariffs and as stress from within the U.S. bond market seems to be easing.
WASHINGTON (AP) — U.S. inflation declined last month as the cost of gas fell, a sign that price growth is cooling. Consumer prices rose just 2.4% in March from a year earlier, the Labor Department said Thursday, down from 2.8% in February. That is the lowest inflation figure since September.
Delta Air Lines pulled its guidance for 2025 on Wednesday. “With broad economic uncertainty around global trade, growth has largely stalled," CEO Ed Bastian said in a statement on Wednesday.
WASHINGTON (AP) — U.S. employers added 228,000 jobs last month, and the unemployment rate ticked up to 4.2%. The hiring numbers were up from 117,000 in February and were nearly double the 130,000 that economists had expected. Labor Department revisions shaved 48,000 jobs off January and February payrolls.
WASHINGTON (AP) — President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others. Trump, in a Rose Garden announcement, said he was placing elevated tariff rates on dozens of nations that run meaningful trade surpluses with the United States, while imposing a 10% baseline tax on imports from all countries in response to what he called an economic emergency.
WASHINGTON (AP) — An inflation gauge closely watched by the Federal Reserve remained high last month. Americans' spending increased after a steep fall last month but remained weak, suggesting consumers have turned more cautious this year.
ELLABELL, Ga. (AP) — Hyundai celebrated the opening of its new $7.6 billion electric vehicle factory in Georgia on Wednesday by announcing plans to expand its production capacity by two-thirds to a total of 500,000 vehicles per year.
FRANKFURT, Germany (AP) — European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish consumers and companies alike on both sides of the Atlantic.
NEW YORK (AP) — A jury in Georgia has ordered Monsanto parent Bayer to pay nearly $2.1 billion in damages to a man who says the company's Roundup weed killer caused his cancer, according to attorneys representing the plaintiff.
WASHINGTON (AP) — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated.
WASHINGTON (AP) — U.S. inflation slowed last month for the first time since September, and a measure of underlying inflation fell to a four-year low.
BRUSSELS (AP) — The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the U.S.'s increase in tariffs on all steel and aluminum imports to 25%.
WASHINGTON (AP) — President Donald Trump officially increased tariffs on all steel and aluminum imports to 25% on Wednesday, promising that the taxes would help create U.S. factory jobs.