Where Trump is likely getting his $1.98 gas price figure
U.S. drivers were paying $3.165 per gallon on average Monday, according to the motorist association AAA.
Financial News
Trump takes credit for ‘good parts’ of economy, blames ‘bad parts’ on Biden
Last week, Trump put the onus on Biden for the economy contracting in the first quarter of the year.
End of an era: Warren Buffett will ask Berkshire board to replace him as CEO with Greg Abel
Buffett said he will still ‘hang around’ to help, but the final word on company operations and capital deployment would be with Abel, 62.
Temu halts shipping direct from China as de minimis tariff loophole is cut off
Earlier this week, Temu increased prices and added “import charges” ranging from 130% to 150% on products shipped direct from China.
Nvidia says Anthropic is telling ‘tall tales’ in its defense of U.S. AI chip restrictions on China
President Donald Trump is reportedly working on updating the chip restrictions, adding another layer of uncertainty to the already contentious policy.
Trump says he’ll blame Biden again for 2nd quarter GDP after blaming him for Q1 drop
Trump defended his tariff policies, which many have blamed for a decrease in stock market prices since he began his second term in the White House.
Commerce Secretary Lutnick says one trade deal is done, but waiting on approval from unnamed country’s leaders
Lutnick said a trade deal is “done, done, done, done,” but he declined to say which country he was talking about.
Treasury Secretary Bessent says it’s up to China to de-escalate trade tensions
The comments come with markets on edge over the direction of tariffs.
Americans are getting flashbacks to 2008 as tariffs stoke recession fears
‘It’s the old poors teaching the new poors,’ said one content creator.
Buy now, stock up or delay: Here’s what consumers are snapping up or putting off in face of tariffs
Fears of tariff-related higher prices have motivated consumers to buy cars early, but it’s also contributing to a hesitance to buy and a hunger for deals.