President Donald Trump’s media company is planning to charge for special high-speed access to Truth Social posts, including possibly his own affecting national security and financial markets. The move announced Thursday would allow Wall Street trading firms and other institutions to get ...
The U.S. Treasury last year swelled with revenue from President Donald Trump’s double-digit taxes on imports from almost every country on earth. But the money dried up after the Supreme Court struck down the biggest and boldest of Trump’s tariffs in February. The question now is: Can the president’s trade team make good on its promise to replace the lost revenue? A deadline is approaching rapidly. After the Supreme Court setback, the president turned first to Section 122 of the Trade Act of 1974 to impose 10% tariffs globally. But Section 122 only authorizes tariffs for 150 ...
NEW YORK — Shoppers slowed their spending in June from May, as they spent less to fill their gas tank because of falling gas prices. But the report, released by the Commerce Department on Thursday, showed consumers’ continued resilience despite ongoing economic uncertainty as they bought cars and took advantage of summer sales events. Retail sales rose 0.2% in June, after being up a revised 1% in May, according to the report. Outside of gas stations, retail sales rose a solid 0.7%, according to the report. The government figures aren’t adjusted for inflation so last month’s ...
Billionaire Warren Buffett says his decision to cut the Gates Foundation out of his charitable giving is more about believing his three kids are ready to handle giving away his entire fortune than it is about Bill Gates’ ties to convicted sex offender Jeffrey Epstein. Buffett told CNBC ...
WASHINGTON — U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers — dropped 0.3% from May, biggest decline since April 2025 and a reversal from a 0.6% uptick the month before. Compared to a year earlier, wholesale prices were up 5.5% in June, decelerating from a 6% increase the month before. Gasoline prices plunged 12% in June but are still up nearly 43% from June 2025, ...
Federal Reserve Chair Kevin Warsh on Wednesday navigated a series of thorny questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central bank will determine the persistence of inflation, without providing many specifics. Warsh has said since taking office seven weeks ago that he would provide less guidance about the Fed’s next interest rate moves than his predecessors. Yet he has frustrated many Fed-watchers by largely avoiding explanations of how the central bank might respond more generally to ...
