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The Latest Breaking News on Business

3 Retail Giants React to Tariffs—What It Means for Consumers

The Trump Tariffs have gone into effect with 25% import tariffs on Canada and Mexico and another 10% on China. Here's what the CEOs of top retailers are saying.

MarketBeat

Southwest Ends 'Bags Fly Free' Policy After 50 Years — Here's Who Still Gets Free Checked Luggage

The new move, set to take effect on May 28, marks a major shift in the airline's business model as it struggles with lower earnings.

International Business Times

JPMorgan CEO Jamie Dimon accuses ‘people in the middle’ of being the only ones against his RTO policy

Hybrid model ‘doesn't work in our business,’ JPMorgan Chase CEO says

The Independent UK

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Stocks slump as trade war grows

The Dow fell more than 400 points on Tuesday as Trump announced he would increase tariffs on Canada

Salon

Kohl's had an even worse quarter than Wall Street expected with net sales plummeting nearly 10% in the aftermath of layoffs and store closures

One retail expert says Kohl’s problems stem from a “lack of identity and muddled strategy.”

Fortune

Gregorys Coffee CEO accused of ‘overt’ discrimination against Black employees and women

Exclusive: Gregorys Coffee founder and CEO Gregory Zamfotis allegedly denigrated Black employees, paid them less than their white counterparts, and fired at least one based solely on the color of her skin, according to a new lawsuit

The Independent UK

Is Norfolk Southern Stock Underperforming the S&P 500?

Norfolk Southern has lagged behind the S&P 500 over the past year, yet analysts remain moderately bullish on the stock’s prospects.

Barchart

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China’s way to drive economic growth is getting consumers to unleash $20 trillion of rainy-day savings, says Alibaba chair Joe Tsai

Tariffs and geopolitics mean China can’t count on exports for growth anymore, but restoring consumer confidence could allow domestic consumption to become a growth driver.

Fortune

How Is Lennar’s Stock Performance Compared to Other Home Construction Stocks?

Lennar has trailed its home construction peers over the past year, but analysts remain moderately bullish about the stock’s prospects.

Barchart

Southwest Airlines Ends Free Checked Bags for MOST Flyers—Here's Who Still Qualifies

Southwest Airlines ends its long-standing free checked bag policy for most passengers, a significant shift after ditching open seating.

International Business Times UK

Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate – as it happened

Brussels countermeasures to target €26bn of US goods from April while UK takes ‘pragmatic’ approach; US tariffs cover wide range of household goods such as tin foil

The Guardian - AU

Tariffs are ‘worth it’ even if they cause a recession, claims Commerce secretary

Howard Lutnick hails Trump’s tariffs as revenue generators. What he failed to mention is that American consumers pay the extra revenue

The Independent UK

Most Asian Stocks Drop As Trump Trade Policy Sows Uncertainty

Asian equities mostly fell Wednesday as investors fret over Donald Trump's ever-changing trade policies amid increasing concern that his tariffs could send the US economy into recession.

International Business Times

Fake jobs and phone calls: How Americans lost $12.5 bn to fraud in 2024

Americans lost $2.5 billion more money to scams in 2024 than the previous year.

TechRadar

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Barchart

Tariffs Spark Economic Concerns and Undercut the Dollar

The dollar index (DXY00 ) Tuesday fell by -0.57% and posted a 4-3/4 month low. The dollar has been under pressure since last week when the US announced tariffs on Canada, China, and Mexico, fueling concerns that a trade war will erupt and derail the economy. The dollar was undercut...

Barchart

Crude Prices Finish Higher on Dollar Weakness and Prospects of Tighter US Sanctions on Iran

April WTI crude oil (CLJ25 ) Tuesday closed up +0.22 (+0.33%), and April RBOB gasoline (RBJ25 ) closed up +0.0125 (+0.60%). Crude oil and gasoline prices recovered from early losses and posted mild gains on Tuesday. The fall in the dollar index (DXY00) Tuesday to a 4-3/4 month low sparked...

Fortune

White House says Trump will make good on promise to 'buy a brand new Tesla' as a show of confidence in Elon Musk

The president said he would buy a Tesla Tuesday morning amid the boycotts of the EV maker.

Latin Times

Southwest Airlines Flyers Brutally Mock Company Over Canceled Free Bag Policy: 'Southwest Becoming Spirit Overnight'

Southwest Airlines is being mocked and compared to Spirit Airlines after announcing the end of its free bag policy for most passengers.

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The Guardian - US

Trump calls Tesla boycott ‘illegal’ and says he’s buying one to support Musk

Standing in the driveway of the White House with Tesla vehicles, Trump said he would label violence against the company’s showrooms as domestic terrorism

The Conversation

Canada’s aluminum industry faces U.S. tariffs, but innovation could open new markets

The United States government’s decision to impose a 25 per cent tariff on aluminum imports from Canada has raised serious concerns about potential job losses in the aluminum industry.

Barchart

How Is Ford Motor’s Stock Performance Compared to Other Auto Stocks?

Despite Ford Motor’s recent outperformance relative to its industry peers, Wall Street analysts remain cautious about the stock’s prospects.

International Business Times

Trump Doubles Down On Canada Trade War

US President Donald Trump announced massive new tariffs on Canadian steel and aluminum Tuesday, while threatening to "shut down" its auto industry and saying the best way to end the trade war was for Washington's ally to be absorbed into the United States.

The Independent UK

Trump pledges to buy ‘brand new Tesla’ in support of Musk

Tesla shares and sales have suffered amid protests and calls for a boycott over Mr Musk’s close ties with Mr Trump and far right causes.

The Independent UK

Southwest Airlines breaks with another tradition and checked bags will cost you now

Southwest Airlines says it’s going to begin charging certain customers a fee to check bags, as the budget airline continues to look for ways to increase its revenue

The Guardian - US

Typing loudly, wearing AirPods: ‘taskmasking’ is how gen Z pretends to work at the office

As more companies mandate a return to the office, young workers learn to game the system to take back control

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