Fewer Americans file for jobless benefits last week as labor market shows strength

The number of Americans seeking unemployment benefits fell modestly last week, remaining within the same range of recent years. Jobless claim filings fell by 6,000 to 219,000 for the week ending March 29, the Labor Department said Thursday. That’s less than the 226,000 new applications analysts forecast. Weekly applications for jobless benefits are considered a … Read more

What’s in Trump’s sweeping new tariff plan?

President Donald Trump unveiled sweeping new tariffs on Wednesday, which the White House dubbed “Liberation Day.” “This is one of the most important days in my opinion in American history,” Trump said during a press conference at the Rose Garden, outside the White House. “It’s our declaration of economic independence.” The fresh round of tariffs … Read more

Stock markets tumble in response to Trump’s sweeping tariffs

Foreign stock markets tumbled on Thursday morning following President Donald Trump’s announcement of a raft of tariffs on America’s trade partners — including a minimum baseline tariff of 10% on all nations. Asian markets led the slide. Japan’s Nikkei index dropped 4% after opening, Hong Kong’s Hang Seng Index slid 2.4%, South Korea’s KOSPI fell … Read more

US tariffs on imported autos go into effect as markets reel from Trump’s trade escalation

Steep tariffs of 25% on vehicles imported into the United States went into effect early Thursday morning, as international leaders reacted to and markets reeled from President Donald Trump’s announcement hours earlier of even more sweeping tariffs set to begin later this week and next week. The auto tariffs, which apply to imported cars, SUVs, … Read more