Economy
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Kohl's CEO fired for alleged business deal with romantic partner
Ashley Buchanan was fired as Kohl's CEO after the company learned that he allegedly told the retailer to engage in a “highly unusual” business deal with his romantic partner.
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US economy adds 177K jobs in April, exceeding economic forecasts
The unemployment rate for the month was 4.2%, unchanged from March
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GDP, measure of US economic output, shrinks in first quarter in 2025
The contraction is reportedly the first since 2022.
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Rasner Media parts with Amazon, Bezos in bid to purchase TikTok: 'You're fired'
The separation comes after reports earlier in the day indicated that Amazon intended to show website shoppers the additional costs of Trump's tariffs on merchandise. The online retailer has denied the reports.
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U.S. consumer confidence plummets to COVID-era level, amid the trade war
The recent news followed Trump's imposition of a 10% tariff on nearly all imports. He later announced a 90-day pause on tariffs on dozens of countries, but also increased the tariff on China to 125%.
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UPS to cut 20,000 jobs, close 73 buildings amid less Amazon deliveries
"These actions will enable us to expand our U.S. Domestic operating margin and increase profitability," said UPS Chief Financial Officer Brian Dykes.
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Amazon to show tariff costs on each product, WH calls move 'hostile and political'
Each product will show how much of its cost is from tariffs, next to the total listed price.
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Consumer confidence low in April, latest index shows
The university's Consumer Sentiment Index on Friday came in at 52.2 for April.
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China exempts a few semiconductors made in US from tariffs
President Donald Trump said the U.S. is having discussions with China about a tariff deal. Bejing has denied these claims.
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Once a tariff critic, economist Steve Moore now backs Trump's policy: 'Buy America, sell China'
"We need to start a movement of Buy America, sell China," Moore said. "This is something every one of us as individuals can do to change the direction of what's going on in our country."
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Home sales post 5.9% drop ahead of spring selling season
Sales decreased in all four major U.S. regions.
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Treasury Secretary Bessent says opportunity for 'big deal' with China, amid trade-tariff talks
Bessent said that Bejing's economic market isn't stable, and both countries need a strategy to benefit both nations.
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Trump says China tariffs will decrease 'substantially'
The statement from Trump potentially signals a shift in the ongoing trade war with China.