KVSP Business
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Jon Hobley | MI News/NurPhoto via Getty Images (ST. LOUIS) — About 3,200 union members at Boeing facilities in Michigan and Illinois went on strike at midnight on Monday after rejecting an contract offer from the company, the union said. Local members of the International Association of Machinists and Aerospace Workers, who build and maintain […]
Anna Moneymaker/Getty Images (NEW YORK) — Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists’ expectations. The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured […]
Spencer Platt/Getty Images (NEW YORK) — U.S. stocks tumbled in early trading on Friday, just hours after President Donald Trump signed an executive order slapping new tariffs on dozens of countries. A weak jobs report worsened investor jitters, revealing a slowdown of hiring over recent months as Trump’s previous tariffs took hold. The Dow Jones Industrial Average dropped 615 […]
Anna Moneymaker/Getty Images (NEW YORK) — Hiring slowed in July as President Donald Trump’s tariffs pinched the balance sheets of some major companies and reshaped the nation’s trade relationships. The reading fell short of economists’ expectations. The U.S. added 73,000 jobs in July, according to data from the U.S. Bureau of Labor Statistics, or BLS. That figured […]
Andrew Harnik/Getty Images (WASHINGTON) — President Donald Trump on Thursday sharply criticized India over its trade policy, escalating a series of attacks as the White House readies to ratchet up tariffs on the country. The Trump administration plans to slap 25% tariffs on Indian products and impose additional penalties starting on Friday, the president said on social media. The […]
Chip Somodevilla/Getty Images (WASHINGTON) — The Federal Reserve held interest rates steady on Wednesday, just days after President Donald Trump made an unusual visit to the central bank, calling for a rate cut. The central bank has defied Trump’s public criticism for months, adopting a wait-and-see approach as central bankers observe the effects of tariffs. […]
US Treasury Secretary Scott Bessent (R) and US Trade Representative Jamieson Greer (L) held a press briefing on the outcome of weekend trade talks with China in Geneva, Switzerland on May 12, 2025. (Photo by Beyza Binnur Donmez/Anadolu via Getty Images) (WASHINGTON) — The U.S. economy expanded more than expected as President Donald Trump’s tariffs […]
Chip Somodevilla/Getty Images (NEW YORK) — President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week. Prior to the agreement, the European Union faced the prospect of a 30% tariff rate set to take […]
Matt Cardy/Getty Images (NEW YORK) — President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday. Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands including Audi, Lamborghini and Porsche. The company warned of further “challenges” […]
Chip Somodevilla/Getty Images (WASHINGTON) — President Donald Trump is set to visit the Federal Reserve on Thursday, ratcheting up pressure on the central bank after his repeated calls for lower interest rates. It marks the first official trip to the Fed taken by a sitting president in almost 20 years. The extraordinary move comes roughly […]
