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Business
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos
Amazon Won't Show Tariff Price Hikes After 'Pissed' Trump Reportedly Calls Jeff Bezos Amazon is denying that it planned to show US tariffs on product listings, after a report sparked backlash from the White House and an angry phone call from President Donald Trump to billionaire Jeff Bezos. The online retail giant refuted a report from Punchbowl News that said Amazon would show how Trump's tariffs are raising prices on many goods. The political news website reported that Amazon would "display how much of an item’s cost is derived from tariffs – right next to the product's total listed price" at checkout. Amazon said the idea was only floated for the compa…

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by Chris Spiker
Business
US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump
US Economy Shrinks, Private Jobs Report Disappoints As Trump's Tariffs Spark Financial Slump The US economy shrank during President Donald Trump's first three months back in office, breaking a three-year growth streak as imports surged ahead of his trade wars. Real gross domestic product fell at an annual rate of 0.3% in the first quarter of 2025, according to Bureau of Labor Statistics data released on Wednesday, April 30. It marked the first quarter of negative growth since early 2022. The economic contraction is a dramatic drop from the 2.4% GDP growth the US experienced in the fourth quarter of 2024. The shrinking was largely due to a 41.3% spike in imports …

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by Chris Spiker
Business
Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence
Economic Expectations Sink To 14-Year Low As Trump's Tariffs Crush Consumer Confidence Consumer confidence has continued its sharp decline in 2025 as President Donald Trump's tariffs fueled Americans' pessimism about the economy, jobs, and their own incomes. The Conference Board's Consumer Confidence Index dropped 7.9 points to 86.0 in April, the nonprofit said in a news release on Tuesday, April 29. This marked the fifth straight decline and the lowest reading since the early days of the COVID-19 pandemic. The Expectations Index, which tracks views of the next six months, plunged 12.5 points to 54.4 – its lowest level since October 2011. That's far b…

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by Chris Spiker
Business
UPS Slashing 20K Jobs As Amazon Deliveries Drop, Trump's Tariffs Bite UPS Slashing 20K Jobs As Amazon Deliveries Drop, Trump's Tariffs Bite
UPS Slashing 20K Jobs As Amazon Deliveries Drop, Trump's Tariffs Bite UPS will eliminate about 20,000 jobs throughout 2025 as part of a major cost-cutting plan fueled by a decline in Amazon shipments. The Atlanta-based shipping giant revealed the job cuts in a regulatory filing on Tuesday, April 29. UPS also plans to close 73 buildings by June as the company aims to save $3.5 billion by the end of 2025. CEO Carol Tomé said UPS is working to adapt to more difficult economic conditions for shippers due to President Donald Trump's sweeping tariffs. "As a trusted leader in global logistics, we will leverage our integrated network and trade expertise to assi…

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by Chris Spiker
Business
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices
New Stance On Tariffs By One Of America's Biggest Grocery Store Owners Could Protect Prices Albertsons Companies is warning its suppliers: don't expect to pass tariff costs on to us, and definitely don't think we'll pass them on to our shoppers. In a letter sent to suppliers in March 2025, Albertsons told vendors that, with few exceptions, it "is not accepting cost increases due to tariffs," according to reporting by BoiseDev. The grocery giant further advised that any tariff-related surcharges added to invoices without prior approval could cause disputes and payment delays. Supermarket News and Grocery Nerd confirmed that suppliers seeking an exception must submit a detailed…

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by Jillian Pikora
Business
DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog
DHL Ends High-Value Delivery Pause As Trump's Tariffs Spark Customs Backlog A major global shipping company has lifted its pause on high-value shipments to the US after stopping them for a week due to President Donald Trump's sweeping tariffs. DHL has resumed business-to-consumer deliveries for packages with declared values of $800 or more. The company made the announcement in a website update on Monday, April 28.  The German shipping giant paused high-value shipments on Monday, April 21. DHL warned customers that the latest tariff-driven rule changes to inspections had overwhelmed its clearance systems, triggering multi-day delays. The re…

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by Chris Spiker
Politics
Trump Sinks To Lowest 100-Day Approval In 80 Years, Poll Shows Trump Sinks To Lowest 100-Day Approval In 80 Years, Poll Shows
Trump Sinks To Lowest 100-Day Approval In 80 Years, Poll Shows Donald Trump just made history — but not the kind he wanted. A new ABC News/Washington Post/Ipsos poll shows Trump’s approval rating has sunk to 39 percent just 100 days into his second term, the lowest for any president at this point in office in more than 80 years, according to a report released Sunday, April 28. The poll, conducted nationally, paints a grim picture for the former president as Americans grow increasingly nervous about the economy.  Seventy-two percent believe Trump's policies are likely to cause a recession soon, while 73 percent already say the economy is in bad sh…

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by Zak Failla
News
Elon Musk Stepping Aside From Government Role As Tesla Sales Sink Elon Musk Stepping Aside From Government Role As Tesla Sales Sink
Elon Musk Stepping Aside From Government Role As Tesla Sales Sink Elon Musk says he will step back from his government role in the Trump Administration.  The billionaire entrepreneur will shift his focus back to Tesla, as the company grapples with a staggering revenue drop that has investors sounding the alarm. Amid fears of tariffs and the implications of his dual role in government, Musk’s decision comes at a critical time for the automaker.  The company has reported a 20 percent decline in car sales revenue and a shocking 71 percent decrease in net income for the first quarter of 2025. During an earnings call on Tuesday, April 22, Musk sta…

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by Joe Lombardi
Business
Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules
Major Shipping Company Halts High-Value US Deliveries Due To Trump's Tariff Rules A major global shipping company will stop delivering high-value consumer packages to the US as President Donald Trump's sweeping tariffs trigger customs delays. DHL is pausing business-to-consumer deliveries to the US with declared values over $800 on Monday, April 21, the company said. The German shipper cited a surge in customs backlogs caused by new federal rules linked to Trump's trade wars. The impact of Trump's policies has overwhelmed DHL's clearance systems, triggering multi-day delays across the shipping network. "This change has caused a surge in formal customs clearanc…

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by Chris Spiker
Business
Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers
Volvo Slashing Up To 100 MD Jobs As Trump's Tariffs, Low Demand Rattle Automakers Up to 800 workers are being laid off at Volvo plants across the mid-Atlantic as concerns grow about the US auto industry due to President Donald Trump's tariffs. Volvo Group North America will lay off 550 to 800 employees, a company spokesperson confirmed to the Daily Voice on Friday, April 18. The layoffs will happen at plants in Maryland, Pennsylvania, and Virginia. The Swedish automaker cited the need to adjust to worsening economic conditions. "Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory chang…

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by Chris Spiker
Business
Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports
Here's What’s About To Cost More As Trump's China Tariffs Target Popular US Imports Smartphones, shoes, toys, and cookware are just a few of the Chinese-made goods that could soon cost more as the Trump administration ramps up its trade war with China. A new Washington Post analysis highlights the impact of rising tariffs on consumer products widely used across the United States.  China is the second-largest exporter of goods to the US, shipping nearly $439 billion in products last year.  That includes a wide range of items found in everyday homes—many of which are now directly in the tariff crosshairs. Among the top targets: Smartphones ($41.3B in imports), …

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by Joe Lombardi
Business
Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More
Switch 2 Preorder Date Set After Nintendo Hit Pause Over Trump's Tariffs: See What Costs More Preorders will soon begin for the highly anticipated Nintendo Switch 2 console, but gamers playing as Mario and Luigi may need to spend a few more coins due to President Donald Trump's tariffs. Nintendo will open preordering on Thursday, April 24, the video game giant said in a news release on Friday, April 18. The release date of Wednesday, June 5, remains unchanged. The original Switch 2 preorder date was originally Wednesday, April 9. It was delayed two weeks in the wake of Trump's "liberation day" announcement. While the Switch 2 will still start at $449.99, Trump's tariffs will drive …

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by Chris Spiker
Business
Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab' Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab'
Northeastern Small Businesses Sue Trump Over Tariffs: 'Unprecedented Power Grab' A group of small businesses is suing President Donald Trump over his sweeping new tariffs, warning the policy is driving up prices, threatening jobs, and putting their companies at risk of shutting down. The lawsuit argues that Trump has no legal authority to impose the "liberation day" tariffs. The suit was filed in the US Court of International Trade on Monday, April 14. Trump reversed course and paused many of his tariffs for 90 days but escalated duties on China to 145%. He enacted the tariffs unilaterally, invoking the 1977 International Emergency Economic Powers Act to …

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by Chris Spiker
Business
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey
Most CEOs Expect Recession Within Six Months, Call Trump's Tariffs 'A Train Wreck': Survey A majority of CEOs across the country are now bracing for a recession within six months as confidence in the US economy tumbles to its lowest level in years due to President Donald Trump's tariffs, according to a new survey. The industry group Chief Executive released the findings from a poll of 329 CEOs and business owners on Monday, Apr. 14. The survey showed growing alarm over Trump's escalating tariffs, which many fear will push the country into a downturn. According to the survey, 62% of CEOs expect a recession over the next six months – the highest level in recent years and up fr…

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by Chris Spiker
Business
Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics
Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Not so fast. Just days after new guidance was released by the government stated that machines used to make semiconductors, flat-screen TVs, tablets, and desktop computers are excluded from President Trump’s 125 percent tariff on Chinese goods, the administration is now saying those exemptions are only temporary. In a social media post on Truth Social on Sunday, April 13, Trump said there are “no exceptions,” and tariffs will apply to those items, apparently clarifying the US Customs and Border Protection bulletin issued Friday, April 11. “NOBODY is getting ‘off the hook,' ” Trump wrot…

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by Joe Lombardi
Business
Here’s Percentage Of Americans Who Feel Financially Stressed Here’s Percentage Of Americans Who Feel Financially Stressed
Here’s Percentage Of Americans Who Feel Financially Stressed A new poll finds that a growing number of Americans are feeling financially strained, a stark reflection of the nation's economic uncertainty. The nationwide survey, conducted by CNBC/SurveyMonkey from Thursday, April 3 to Monday, April 7, included 4,200 US adults and found that 73 percent of respondents reported feeling “financially stressed.” Among them, 38 percent identified as “very stressed,” with 66 percent citing tariffs as a major contributing factor. Even high earners are not immune — 29 percent of respondents making $100,000 or more said they’re under financial stress. The findin…

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by Joe Lombardi
Politics
Trump Administration Exempts These Electronics From Tariffs Trump Administration Exempts These Electronics From Tariffs
Trump Administration Exempts These Electronics From Tariffs In a reversal that could impact some of the world’s biggest tech brands, President Trump has carved out key electronics from his sweeping new reciprocal tariffs. Click here for a new, updated story - Trump Now Says There Will Be 'No Exceptions' On Tariffs For iPhones, Other Chinese Electronics Smartphones, laptops, memory chips, and other consumer electronics will be exempt from the latest round of tariffs targeting Chinese imports — easing fears of a sudden jump in prices on popular tech products. According to new guidance released on Friday, April 11 by US Customs and Border…

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by Joe Lombardi
News
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey
Inflation Fears Hit 44-Year High As Trump Tariffs, Market Crash Sink Consumer Sentiment: Survey Concerns about inflation have spiked to their highest level in nearly 45 years, while consumer confidence plunged for the fourth straight month as Americans grow increasingly anxious about the economy, a new survey said. Americans now expect prices to climb 6.7% over the next year, the University of Michigan's Surveys of Consumers said on Friday, April 11. That's the highest inflation expectation reading since 1981 for the closely watched survey. While inflation cooled slightly in March, the latest federal numbers came before President Donald Trump announced his "liberat…

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by Chris Spiker
Business
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says
Inflation Cooled In March Before Trump's Tariffs Fueled Market Collapse, New Data Says Inflation slightly eased in March, just before President Donald Trump's sweeping tariff announcement sent Wall Street spiraling, wiping out trillions in market value before a temporary tariff pause. The consumer price index (CPI) fell 0.1% in March, the first decline since October, the Bureau of Labor Statistics said on Thursday, April 10. Prices climbed 2.4% from March 2024, the slowest annual increase since early 2021. Wall Street was bracing for a hotter inflation report. The Dow Jones consensus estimated headline inflation to be 2.6% and core inflation to be 3%, CNBC reported. Gas…

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by Chris Spiker
Business
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall
Trump Retreats From Many Tariffs, Raises China's Rate To 125% After Days Of Market Freefall President Donald Trump has stepped back from many of his tariffs while escalating Chinese duties even higher, sparking a dramatic market comeback after some of the worst trading days since the start of the COVID-19 pandemic. The 90-day pause will apparently apply to some tariffs for more than 75 countries that haven't issued retaliatory duties. Trump announced the halt on his social media platform Truth Social on Wednesday, April 9. A 10% tariff will remain in place for the countries included in the pause. The White House said the 10% duty will also apply to Canada and Mexico, NBC News…

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by Chris Spiker
Business
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor
Volatile Markets Spiral As Trump Threatens China, White House Denies Tariff Pause Rumor Chaos has shaken Wall Street for a third day as the White House denied rumors of a pause on President Donald Trump's sweeping new tariffs that sparked the worst sell-off since the start of the COVID-19 pandemic. The Dow Jones Industrial Average opened down roughly 1,250 points on Monday, April 7. The massive drop continued the market freefall that happened in the aftermath of Trump's "liberation day" announcement. Soon after trading opened, the Dow surged back into the green by around 10:15 a.m. The bounce back appeared to be in response to social media posts claiming Trump was conside…

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by Chris Spiker
Business
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout
Jim Cramer Fears ‘Black Monday’ As Markets Tumble After Trump's Tariff Rollout It was a brutal week for investors, who lost nearly $7 trillion after President Donald Trump announced sweeping tariffs on nearly every country, and CNBC's Jim Cramer warned that the pain may not be over. The "Mad Money" host said he fears stock prices may continue to fall on Monday, April 7, adding that investors could be facing a repeat of one of the market’s worst days. Related: Mexico And Canada Promise More Tariffs Coming For US If the president doesn’t try to reach out and reward these countries and companies that play by the rules, then the 1987 scenario ... the one where we went …

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by Josh Lanier
News
TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets
TikTok Ban In US Delayed, Trump Claims Tariffs Help Negotiations Despite Crashing Markets TikTok will stay online in the US until at least the middle of June after a federal ban on the popular video app was delayed again. President Donald Trump said he'll sign an executive order to extend a 75-day delay on enforcing the ban. The order comes just one day before the app could have been shut down in the US under the divest-or-ban law. Trump, who once supported a TikTok ban, made the announcement on his social media platform Truth Social on Friday, April 4. "My Administration has been working very hard on a Deal to SAVE TIKTOK, and we have made tremendous progress," the Presid…

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by Chris Spiker
Business
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles
Trump's Tariffs Hit Nintendo: Switch 2 Preorders Delayed, Video Game Giant's Stock Tumbles The Nintendo Switch 2 was hit with a Mario Kart "red shell" as preorders for the highly anticipated video game console have been delayed due to President Donald Trump's sweeping new tariffs. Preorders for the Nintendo Switch 2 won't start on their scheduled date of Wednesday, April 9. A Nintendo spokesperson confirmed the delay to the Daily Voice on Friday, April 4. Nintendo said the pause won't affect when the portable console will be released. "Pre-orders for Nintendo Switch 2 in the U.S. will not start April 9, 2025 in order to assess the potential impact of tariffs and e…

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by Chris Spiker
Business
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March
Market Freefall Deepens After Trump's Sweeping Tariffs Despite Moderate Job Gains In March Unemployment inched up in March – slightly higher than economists expected – as stock markets crashed and Big Tech companies saw their worst single-day loss on record in response to President Donald Trump's aggressive new tariffs. March's unemployment rate was 4.2%, the Bureau of Labor Statistics said on Friday, April 4. That was slightly higher than the 4.1% forecast as the labor force participation rate also rose, CNBC reported. The US added 228,000 nonfarm payrolls in March, significantly higher than the Dow Jones estimate of around 140,000. The BLS also reduced …

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by Chris Spiker
Business
Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs
Brace For Higher Prices: Here’s What's Expected To Cost More Due To Trump’s Tariffs As President Donald Trump embarks on a sweeping worldwide trade war, American consumers are bracing for a significant financial impact that is expected to go well beyond sinking stocks. The administration’s newly announced tariffs, set to take effect almost immediately, will raise prices on a broad spectrum of goods, leaving households to wonder just how much more they will pay at the register. The impending tariffs are expected to affect nearly all imports, with a minimum 10 percent increase on goods from various countries.  However, the most substantial hikes will target products fr…

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by Joe Lombardi
Business
Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs. US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020. So far in 2025, employers have announced 497,052 job cuts — the highe…

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by Chris Spiker
Business
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners
Trump Imposes Sweeping Tariffs Amid Economic Fears, Says US Was 'Raped' By Trade Partners President Donald Trump has announced sweeping new tariffs, accusing allies and adversaries of looting the US economy, despite consumer confidence sinking domestically and growing recession fears. Trump revealed the tariffs during a news conference in the Rose Garden at the White House on Wednesday, April 2. The President called the day "liberation day," alluding to what he claims is a trade imbalance caused by his predecessors. The new measures impose a baseline 10% tariff on all imports. Those will begin on Saturday, April 5, according to the White House. Sharply higher rates for dozens o…

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by Chris Spiker
News
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey
Unemployment Fears Hit 16-Year High As Trump's Tariffs Shake Consumer Confidence: Survey Americans' concerns about rising unemployment are at their highest since the global financial crisis as President Donald Trump’s escalating tariffs and economic policies sink consumer confidence. Two-thirds of US consumers expect unemployment to increase over the next year, the University of Michigan's Surveys of Consumers said on Friday, Mar. 28. This marks the highest level of job market pessimism since 2009, reflecting widespread fears that economic uncertainty. Joanne Hsu, Michigan’s director of the surveys, said March's rising worries underscore mounting concerns across all d…

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by Chris Spiker
Business
US-Canada Air Travel Down 70% Amid Trump's Trade War, '51st State' Aggression US-Canada Air Travel Down 70% Amid Trump's Trade War, '51st State' Aggression
Us-canada Air Travel Down 70% Amid Trump's Trade War, '51st State' Aggression Bookings for flights between the US and Canada have plummeted as President Donald Trump threatens tariffs on Canadian goods and challenges the country's sovereignty.  Airline capacity between the neighboring nations has been reduced through October, aviation data firm OAG said on Wednesday, Mar. 26. Forward bookings between the US and Canada are down more than 70% compared to 2024. The most significant cuts are hitting peak travel months in July and August, when millions of Canadian tourists traditionally head south of their border. "For all scheduled airlines operating…

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by Chris Spiker
Business
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains
Dollar Tree Sells Family Dollar For $1B As Tariffs, Online Rivals Pressure Discount Chains Family Dollar is being sold for $1 billion — about one-ninth of what Dollar Tree paid for it a decade ago — as discount chains nationwide face fierce online competition and President Donald Trump's tariff threats. Dollar Tree will offload Family Dollar to Brigade Capital Management and Macellum Capital Management, the company said in a news release on Wednesday, Mar. 26. The deal follows a full review of strategic alternatives and is expected to close later this spring. Family Dollar will stay headquartered in Chesapeake, Virginia. The chain's current president Jason Nordin w…

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by Chris Spiker