NEW YORK (AP) — Among the threats tariffs pose to the nation’s economy, some analysts say none may be as strange as the sell-off in the dollar. Currencies constantly rise and fall because of inflation fears, central bank moves and other factors, yet economists worry that the recent drop in the dollar is so dramatic [...]
NASHVILLE, Tenn. (AP) — China-founded e-commerce sites Temu and Shein say they plan to raise prices for American customers starting this week, a ripple effect from President Donald Trump’s attempts to correct the trade imbalance between the world’s two largest economies by imposing a new tariff on goods shipped from China. Temu, which is owned [...]
President Donald Trump’s new trade policies for China threaten to crimp a massive source of solar panels and parts for American companies, with industry officials saying the cost of projects will certainly rise as China retaliates. China accounted for at least 80 percent of the components of solar panels as recently as 2022, according to [...]
WASHINGTON (AP) — Applications for jobless benefits fell again during the latest reporting period as the labor market continues to hold up despite fears of a tariff-induced recession. Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said. That’s below the 225,000 new applications analysts forecast. Weekly [...]
The sponsors of a bill that puts Ohio in control of efforts within the state to capture carbon dioxide and store it in injection wells recently outlined the details of the bill and their rationale for it. Republican Rep. Monica Robb Blasdel of Columbiana told members of the Natural Resources Committee in the Ohio House [...]
The Trump administration has issued an order to stop construction on an offshore wind project that would power more than 500,000 New York homes. Interior Secretary Doug Burgum directed the Bureau of Ocean Energy Management to halt construction on Empire Wind, a fully-permitted project. He said it needs further review because it appears the Biden [...]
OMAHA, Neb. (AP) — Railroad company CSX’s profit fell 27 percent in the first quarter as two major construction projects forced them to reroute some trains and constrained its response to flooding and other weather challenges, curtailing shipments. The Jacksonville, Fla.-based railroad operator said it earned $646 million net income, or 34 cents per share, [...]
WASHINGTON (AP) — The Trump administration says it plans to eliminate the IRS’ Direct File program, an electronic system for filing tax returns directly to the agency for free, according to two people familiar with the decision. The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and [...]
WASHINGTON (AP) — The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said last week. “As that great Chicagoan Ferris Bueller once noted, ‘Life moves pretty fast,’” Powell said in a speech [...]