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Aggregating and archiving news from both sides of the aisle.

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The Federal Reserve is not likely to rescue markets and economy from tariff turmoil anytime soon

Preview: Should the president hold fast to his tougher-than-expected trade policy, there's a material risk of at least near-term costs.

Apple suffers steepest drop in 5 years as Trump tariffs threaten supply chain

Preview: Apple has warned that tariffs could hurt its business, prompt it to increase prices and potentially force it to stop offering certain products altogether.

Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says

Preview: Grocery bills will likely rise as shoppers pay more household staples because of the Trump administration's new tariffs.

Trump's massive 46% Vietnam tariffs pummel Nike, American Eagle and Wayfair

Preview: The country became a popular alternative for furniture, apparel and toymakers trying to avoid the crossfire of U.S. trade tensions with Beijing

'Oh, sh—': RH CEO reacts live to stock tanking on tariffs, poor earnings

Preview: The executive also pointed out that the home furnisher has been contending with the "worst housing market in almost 50 years."

Mortgage rates tumble on tariffs, but housing costs still near record high

Preview: Mortgage rates fell sharply Thursday, following the Trump administration's tariff announcement, but a huge share of Americans still can't afford to buy a home.

How did the U.S. arrive at its tariff figures?

Preview: The White House on Wednesday listed new tariff rates for different countries. It didn't take long for market observers to try to reverse engineer the formula.

Trump’s 25% auto tariffs are in effect. What investors need to know

Preview: CNBC breaks down what investors should know about how the additional levies will impact individual vehicles and automakers.

Fintech stocks such as Affirm, PayPal plunge on concern Trump tariffs will hurt consumer spending

Preview: Fintech and credit card stocks were hit particularly hard in the market rout that followed President Donald Trump's tariff announcement.

Layoff announcements surge to the most since the pandemic as Musk's DOGE slices federal labor force

Preview: The surge in March was exceeded only by when the country shut down in 2020 for the Covid pandemic,

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House Democrats press Bessent on IRS layoffs

Preview: House Democrats led by Rep. Brad Schneider (Ill.) pressed Treasury Secretary Scott Bessent on mass layoffs at the Internal Revenue Service (IRS) in a Wednesday letter requesting the Trump administration’s plan for slated reductions and its potential impact on taxpayer services. “The Administration has already fired 7,400 probationary employees—or seven percent of all IRS employees,...

Trump tariffs spur Wall Street's worst day since 2020

Preview: The stock market cratered Thursday as fears of global economic slowdown driven by President Trump's new tariffs spurred Wall Street's worst day of losses since the outbreak of the COVID-19 pandemic. The Dow Jones Industrial Average fell more than 1,679 points Thursday, closing with a loss of 4 percent. The S&P 500 index plunged 4.8...

Colorado Democrats urge bipartisan support for improved firefighter working conditions

Preview: Two Colorado Democrats are urging renewed bipartisan support for legislation that would seek to improve working conditions for federal firefighters. Rep. Joe Neguse and Sen. Michael Bennet on Thursday called for the advancement of Tim’s Act, a bill that would overhaul wild land firefighter compensation and benefits. “This workforce is underpaid and undervalued, despite putting...

Elon Musk accused of nonpayment by 2024 election canvasser

Preview: A lawsuit filed earlier this week accuses tech billionaire Elon Musk and his America super PAC of failing to pay canvassers who helped President Trump's 2024 presidential campaign. Musk and America PAC pledged $100 to registered voters in battleground states that signed a petition and said it would give the individual another $100 for every...

Progressive groups: Attacks on judiciary 'unprecedented constitutional danger'

Preview: More than 80 national and local progressive groups are warning that the country is facing an “unprecedented constitutional danger” over recent attacks against judges by President Trump and his backers on Capitol Hill.  The 81 groups said in a Thursday letter that Trump and his allies have threatened judges and law firms, along with introducing...

How the White House calculated reciprocal tariffs

Preview: President Trump triumphantly held up a poster board in the Rose Garden on Wednesday showing the reciprocal tariffs he plans to impose on nearly every country in the world. But just how the White House came up with the formula to determine what percentage of tariffs to impose and where has left foreign leaders, financial...

Pence to be honored with Profile in Courage Award from JFK Library

Preview: Former Vice President Mike Pence will receive the 2025 John F. Kennedy Profile in Courage Award for his role in certifying the 2020 presidential election despite facing grave personal and political risk. The JFK Library Foundation, which presents the honor each year, announced Thursday the 2025 award will go to Pence “for putting his life...

Here are the stocks rising and falling the most after Trump's tariffs

Preview: Markets tumbled Thursday following President Trump’s announcement of a general 10-percent tariff on imports to the U.S. along with additional targeted tariffs on dozens of U.S. trading partners. Some companies are winning big off the tariff news while others took serious hits. Winners: Consumer staples, discounts, health care and tobacco Winners tended to be concentrated...

Live updates: Trump doubles down on tariffs amid global fallout

Preview: President Trump stood firm on his sweeping tariffs despite the stock market taking a sharp tumble Thursday. “The markets are going to boom,” he told reporters outside the White House. “The country is going to boom.”  The aggressive move affects nearly every nation exporting products to the U.S, which Trump has argued will restore the...

5 surprises from Trump's sweeping new tariffs

Preview: The unveiling of President Trump’s new tariffs included some big surprises as economists and trading partners sifted through which countries were hit the highest rates and who was spared. Questions swirled over the calculations and decisionmaking process within the White House while administration officials and Republicans hit the airwaves to defend the tariffs, urging investors...

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Race for the White House

Preview: See who's running

Trump's indictments

Preview: All four cases explained

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Preview: Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Preview: The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Preview: Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Preview: Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Preview: Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Preview: Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Preview: Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Financial Services Roundup: Market Talk

Preview: Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.

Novo Nordisk Shares Surge on New Obesity Drug Results

Preview: Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Preview: The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.