Business Archives - Page 6 of 8

What does the closure of the de minimis loophole mean for shoppers?

Friday, August 29

(WASHINGTON) -- A tariff loophole for low-cost shipments helped fuel an explosion of U.S. consumers purchasing shoes, sunglasses and a host of other items directly from sellers overseas. The Trump administration closed that exemption on Friday, bringing the era of duty-free online buying to... Read More.

Fed Governor Lisa Cook sues Trump over attempted ouster

Thursday, August 28

Drew Angerer/Getty Images(WASHINGTON) -- Federal Reserve Governor Lisa Cook sued President Donald Trump on Thursday over his move to fire her, saying she should retain her position as a top policymaker at the central bank.The lawsuit, filed in U.S. District Court for the... Read More.

Chip giant Nvidia to report earnings as some warn of AI ‘bubble’

Wednesday, August 27

(NEW YORK) -- An earnings report to be released by chip giant Nvidia on Wednesday will offer a window into the health of the artificial intelligence (AI) industry, which in recent years has become a key engine for stock market gains and economic growth.Nvidia,... Read More.

Consumer confidence worsened slightly in August

Tuesday, August 26

(NEW YORK) -- Consumer confidence worsened slightly in August, erasing some gains from the previous month and resuming a downward trend suffered at the outset of 2025, the Conference Board said on Tuesday.The souring of shopper attitudes followed a weak jobs report and... Read More.

Elon Musk’s xAI sues Apple, OpenAI over alleged scheme to dominate AI

Tuesday, August 26

(NEW YORK) -- Elon Musk-owned xAI on Monday sued tech giants Apple and OpenAI over an alleged scheme to illegally dominate the artificial intelligence industry through a collaboration that equipped iPhones with AI tools.The exclusive agreement between the world's largest smartphone producer and a... Read More.

US and EU release details for tariffs on cars, pharmaceuticals

Thursday, August 21

(NEW YORK) -- The United States and European Union on Thursday released new details of their trade agreement, including tariff levels for consumer staples like pharmaceuticals and autos.Prior to the agreement last month, the European Union faced the prospect of a 30%... Read More.

SpaceX’s Starship faces 10th test after previous flights end in explosions

Thursday, August 21

(NEW YORK) -- SpaceX's Starship is about to face its 10th test flight following explosions on previous launches. SpaceX CEO Elon Musk has promised that the world's most powerful rocket and spacecraft will one day take humans to Mars and beyond. But leading up to... Read More.

Target CEO to step down as sales remain sluggish

Wednesday, August 20

(NEW YORK) -- Target CEO Brian Cornell will step down early next year after more than a decade at the helm of the $107 billion retail giant, the company said on Wednesday.In recent years, Target has suffered sluggish sales as the company weathered Read More.

Fresh data to show consumer sentiment amid sweeping new tariffs

Friday, August 15

(NEW YORK) -- A fresh report on consumer sentiment on Friday will show how shoppers digested a cascade of economic developments this month, including President Donald Trump's firing of a top labor statistics official hours after the release of weak jobs data.The report, which details... Read More.

These jobs are hiring, despite a weak job market

Wednesday, August 13

(NEW YORK) -- The labor market slowed sharply this summer, leaving job applicants with fewer places to turn for a new position.Employers added an average of about 35,000 jobs over three months ending in July, which marks a major slowdown from roughly 128,000 jobs... Read More.

Inflation expected to have increased slightly in July

Tuesday, August 12

(WASHINGTON) -- Policymakers and business leaders will closely watch the release of inflation data on Tuesday, marking the latest look at price increases as the economy risks a tariff-induced rise of inflation.The inflation report is the first major data release from the U.S. Bureau... Read More.

What to know about the Trump administration’s deal with AI chipmakers

Monday, August 11

(WASHINGTON) -- AI chipmakers Nvidia and Advanced Micro Devices struck an extraordinary accord to pay the United States government 15% of the revenue the two companies are set to make from products sold in China, a White House official confirmed to ABC News.In exchange... Read More.

Business

What does the closure of the de minimis loophole mean for shoppers?

Fed Governor Lisa Cook sues Trump over attempted ouster

Chip giant Nvidia to report earnings as some warn of AI ‘bubble’

Consumer confidence worsened slightly in August

Elon Musk’s xAI sues Apple, OpenAI over alleged scheme to dominate AI

US and EU release details for tariffs on cars, pharmaceuticals

SpaceX’s Starship faces 10th test after previous flights end in explosions

Target CEO to step down as sales remain sluggish

Fresh data to show consumer sentiment amid sweeping new tariffs

These jobs are hiring, despite a weak job market

Inflation expected to have increased slightly in July

What to know about the Trump administration’s deal with AI chipmakers

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