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72°
Wednesday, jun 10
Business
Canada, Mexico, China Retaliate As Trump's Tariffs Spark Trade Wars: 'We're Ready To Fight'
Canada, Mexico, and China are responding to President Donald Trump officially placing tariffs on the three nations, escalating tensions with the US's key trading partners and increasing concerns about rising costs for American consumers. The US officially imposed 25 percent tariffs on Canadian and Mexican goods on Tuesday, Mar. 4. On the same day, the US also raised tariffs on Chinese imports to 20 percent. On his social media platform Truth Social, Trump claimed the solution to the trade wars is bringing more businesses into the country. "IF COMPANIES MOVE TO THE UNITED STATES, THERE ARE …
Politics
Stocks Plummet After Trump Says Tariffs On Canada, Mexico Will Start, Igniting Trade War Fears
President Donald Trump announced that tariffs on Canada and Mexico will take effect in less than a day, sending the stock market tumbling amid fears of a trade war. Trump said on Monday afternoon, March 3, that the US will impose 25 percent rates on imports from the two neighboring nations and the United States’ primary trading partners, effectively quashing any last-minute hopes for a negotiated agreement. “There’s no room left for Mexico or for Canada” to negotiate to prevent the tariffs from taking effect on Tuesday, March 4, Trump said at the White House, adding, “They’re all set.” The…
Business
24-Hour Spending Blackout Targets Major Retailers, Politicians As Economic Anxiety Rises
A grassroots movement calling on people across the country to pause all non-essential purchases has begun its first "economic blackout" in a protest against corporate greed and financial inequality. The group called The People's Union USA organized the "24-Hour Economic Blackout" on Friday, Feb. 28. Supporters were asked to avoid all non-essential spending, including purchases from major retailers like Amazon, Walmart, Best Buy, and Target, as well as gas and fast food. Supporters of the blackout were asked to only buy "absolutely necessary" items like food, medicine, and eme…
News
Jobless Claims Hit Four-Month High, Adding To Inflation And Recession Fears
Unemployment claims have surged to their highest level since October 2024, adding to growing concerns over job security and the broader economy. Initial jobless claims jumped by 22,000 to 242,000 for the week ending on Saturday, Feb. 22, the Bureau of Labor Statistics said in data released on Thursday, Feb. 27. The previous week's total was revised up slightly to 220,000. The rise in claims comes as consumer confidence took its steepest monthly dive since August 2021 amid concerns over inflation, tariffs, and the labor market. The Conference Board's Consumer Confidence Index fell …
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…
Politics
New Poll Shows Approval Drop In Trump's Handling Of Economy
As economic uncertainty looms, a new poll shows President Donald Trump's approval rating has slipped, with growing numbers of Americans expressing concern over the nation's financial direction. The Reuters/Ipsos poll, which surveyed 4,145 US adults nationwide over a six-day period ending Tuesday, found Trump's overall approval rating at 44 percent, down from 45 percent in a poll conducted Friday, Jan. 24 to Sunday, Jan. 26. His disapproval rating climbed to 51 percent, a notable increase from 41 percent in polling taken just after he returned to the White House on Monday, Jan. 20 to T…
Business
Amputated Fingertips, Severe Injuries From Coolers Spark Massive Recall:
Cpsc
Igloo is recalling more than one million rolling coolers after reports of severe fingertip injuries, including amputations. Igloo Products Corp. issued the recall for about 1,060,000 of its 90-quart Flip & Tow rolling coolers, the Consumer Product Safety Commission announced on Thursday, Feb. 13. A dangerous defect in the tow handle can pinch users' fingertips, posing risks of crushing injuries. The CPSC said Igloo has received 12 reports of injuries, including fingertip amputations, bone fractures, and lacerations. The recall also includes about 47,000 coolers sold …
News
Gulf Of America Name Change Activated By Google Maps, FAA
The Gulf of America, the area that has been known for centuries as the Gulf of Mexico, is now being used by the US government and some online platforms. The Federal Aviation Administration (FAA) and Google Maps have implemented the controversial name change. The shift follows an official update by the Geographic Names Information System (GNIS) and was reinforced by a proclamation from President Donald Trump, who on Sunday, Feb. 9, declared the date as the first-ever Gulf of America Day. The announcement came directly from US Transportation Secretary Sean Duffy, who posted on social m…
Business
Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico
Just hours after a similar agreement was reached with Mexico, the United States has agreed to paused planned tariffs on Canadian goods for 30 days. The deal was reached late Monday afternoon, Feb. 3 after President Donald Trump and Canadian Prime Minister Justin Trudeau concluded their second conversation of the day. "I just had a good call with President Trump," Trudeau said in a statement announcing that Canada is implementing a $1.3 billion border plan "reinforcing the border with new choppers, technology and personnel, enhanced coordination with our American partners, and increase…
Business
US, Mexico Reach Deal To Delay 25% Tariffs
Mexico and the US have reached an agreement to delay steep tariffs that were set to take effect on Tuesday, Feb. 4. Click here for a new, updated story: Proposed 25% US Tariff On Canadian Goods Will Be Paused After Earlier Deal With Mexico Mexican President Claudia Sheinbaum announced the deal Monday morning, Feb 3. It will pause the 25 percent levies for a month, and follows negotiations between Mexican officials and the Trump administration on border security and drug trafficking. Mexico committed to deploy 10,000 troops dedicated to stopping illegal drugs and migrants from…
Business
Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
US tariffs on goods from its three largest trading partners -- neighboring nations Canada and Mexico as well as China -- have gone into effect after President Trump signed an order late Saturday afternoon, Feb. 1. Canada and Mexico have been slapped with 25 percent tariffs. The rate for China, America's main economic rival, is 10 percent. Canada also has an adjusted 10 percent rate for energy products, include crude oil. Mexico and Canada account for about 70 percent of US crude oil imports. Now, many economists are warning that American consumers will be paying more for a host of staple i…
News
Six Victims Killed In Philadelphia Plane Crash Were Mexican Citizens, 7th Dies On Ground
The president of Mexico has confirmed that all six victims killed in the Learjet 55 crash in Northeast Philadelphia on Friday, Jan. 31 were Mexican citizens. Claudia Sheinbaum shared the following statement Saturday morning, Feb. 1 on X: I regret the death of six Mexicans in the plane crash in Philadelphia, United States. The consular authorities are in permanent contact with the families; I have asked the Ministry of Foreign Affairs to support them in whatever way is required. My solidarity with their loved ones and friends. The Learjet 55, a medical transport plane carrying six people, we…
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