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The Latest Breaking News on Business

Trump Seemingly Claims He Helped Tim Cook With Tariff Exclusions: 'I Don't Want to Hurt Anybody'

President Trump seemingly revealed that he 'helped' Tim Cook with US tariff exclusions amidst Apple dealing with its effects.

International Business Times

Bad news — iPhone tariff exemption is only temporary according to US Commerce Secretary

You thought iPhones would be saved from tariff-induced price hikes? Apparently you (and we) were wrong.

Tom’s Guide

Trump considers pausing auto tariffs as world economy endures whiplash

President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from tariffs he previously imposed on the sector, to give carmakers time to adjust their supply chains.

Euronews

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Trump says new chip tariffs will be announced next week

President Trump announced new semiconductor tariffs to be introduced next week as part of an effort to shift tech manufacturing to the U.S.

Tom’s Hardware

S. Korea Govt Plans $4.9 Bn More Help For Semiconductors As US Tariff Risk Bites

South Korea on Tuesday announced plans to invest an additional $4.9 billion in the country's semiconductor industry, citing "growing uncertainty" over US tariffs.

International Business Times

NVIDIA to manufacture AI supercomputers in the U.S. for the first time

In a major shift, NVIDIA is building AI supercomputers in the United States. Production is expected to ramp up over the next 12-15 months.

Windows Central

Intel agrees to $4.46 billion sale of majority stake in Altera to Silver Lake — "Sharpening our focus, lowering our expense structure"

Intel's CEO calls it a "commitment to sharpening our focus" as the company continues its revitalization efforts in the United States.

Windows Central

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Americans' Retirement Readiness Gets a Bad Grade in One Area

Millions of Americans score poorly on retirement readiness due to this Achilles' heel. Are you prepared?

Kiplinger

LVMH Sales Dip As Trump Tariffs Dent Luxury Tastes

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday.

International Business Times

Ford's 'Employee Pricing for All' Is Packing Showrooms. But It Could Backfire

In the wake of the Trump administration's 25-percent tariffs on cars and car parts made outside of the United States, Ford implemented a program called "Ford Motor Company: From America, For America." It unlocked employee pricing for all through June 2, affording customers the same discounts normally reserved for those working at…

Motor1

Apple fans won’t stay loyal if tariffs mean $2,000 iPhones, top analyst warns

Tariff uncertainty will cause chaos in the supply chain, says Wedbush’s Dan Ives.

Fortune

Nat-Gas Prices Slammed by Above-Normal Spring Temps

May Nymex natural gas (NGK25 ) on Monday closed down by -0.202 (-5.73%). May nat-gas prices settled sharply lower on Monday due to revised warmer US weather forecasts, which will curb heating demand for nat-gas. On Monday, the Commodity Weather Group said that forecasts shifted warmer for the eastern half...

Barchart

Crude Prices Finish Slightly Higher as Risk-On Sentiment Returns to Asset Markets

May WTI crude oil (CLK25 ) Monday closed up +0.03 (+0.05%), and May RBOB gasoline (RBK25 ) closed up +0.0231 (+1.16%). Crude oil and gasoline prices on Monday posted modest gains. Monday's weaker dollar was supportive of energy prices. Also, a pause for some US tariffs lifted equity markets and...

Barchart

Nvidia commits to $500bn AI server production in the US

The chipmaker is the latest tech firm to announce plans to bring jobs to the United States.

Al Jazeera

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Barchart

This Is the Top Coal Stock to Buy as Trump Promises to Revitalize the Industry

The Trump administration is boosting coal’s prospects with financial aid and regulatory changes, revitalizing investor interest in Peabody Energy.

InsideEVs

One Simple Charging Feature Could Could Boost EV Sales: Study

What's your biggest issue with owning and driving an electric vehicle? I'm guessing it's related to public charging, and you're not alone. Fast chargers are getting better, but there still aren't enough of them across the country—and they don't always work. And nothing is worse than arriving at a station…

International Business Times

Nvidia To Build Supercomputer Chips Entirely In US For First Time

Nvidia on Monday announced plans to build top-end artificial intelligence supercomputer chips entirely in the United States for the first time.

The Independent UK

Nvidia plans to manufacture AI chips in the US for the first time

Nvidia announced Monday that it will produce its artificial intelligence super computers in the United States for the first time

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news in one place.

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International Business Times

Argentine Peso Depreciates After Exchange Controls Lifted

Argentina's currency dropped 8.4 percent against the US dollar as markets opened in Buenos Aires Monday, after the partial lifting of exchange controls in place for six years.

InsideEVs

Why 2025 May Be The Auto Industry's Most 'Consequential Year' Yet

Most people who just drive their cars every day or buy a new one every decade or so never see this, but the automotive industry works off a global rules-based order. Safety regulations tell the car companies what they can and cannot build; the same is true for emissions regulations.…

The Independent UK

Trump claims he wants to boost American manufacturing. But the industry is already in chaos over his tariffs

Trump trade policies created an ‘unwillingness to work with American companies,’ U.S. coffee grower says

Motor1

It's Getting Worse: Mitsubishi Stops Shipments to US Dealers

Mitsubishi has joined a growing list of foreign automakers who have paused shipments to United States dealers in response to the Trump administration's 25-percent tariff on automobiles.

Barchart

LyondellBasell Earnings Preview: What to Expect

LyondellBasell is all set to release its fiscal first-quarter earnings later this month, and analysts project a high double-digit bottom-line decline.

Barchart

Ball Corporation's Q1 2025 Earnings: What to Expect

Ball Corporation is expected to release its fiscal first-quarter earnings next month, and analysts project a low single-digit profit growth.

Barchart

What to Expect From Phillips 66's Q1 2025 Earnings Report

Phillips 66 is all set to release its fiscal first-quarter earnings later this month, and analysts project a high double-digit profit decline.

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