UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come as President Trump’s tariffs are prompting some…
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United States Economy
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343 billion at the end of March, reflecting a push by…
How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate whether humanity benefits from a warming climate, in…
Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump plans to sign an executive order Tuesday that will walk back some tariffs for carmakers, administration officials said, removing some levies that Ford, General Motors and…
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President Trump’s trade policies, the automaker said on…
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car parts to give automakers more time to relocate…
Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over. Leaders of Nvidia,…
As Recession Fears Rise, ‘No Buy’ Takes On New Urgency
With many Americans concerned that President Trump’s tariffs will make most products more expensive and possibly tip the United States into a recession, some consumers say they are opting…
Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon as next week that includes draconian cuts that…
Stocks Extend Gains as Investors Weigh Fed Rates and Tariff Talk
Stocks rose on Thursday, marking a third consecutive daily rally as investors hope for an easing of President Trump’s trade wars and weigh comments from a Federal Reserve official on…
A Sign That Consumers Are Anxious: They’re Cutting Back on Snacks
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for some of the country’s largest consumer-oriented…