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Economy

Costco defies tariff shifts with higher profit, lower prices

By Jaewon Kang
May 30, 2025 7:56 am - Costco Wholesale Corp. posted better-than-expected earnings in the third quarter, a sign that the nation’s largest club chain is flexing its scale and devoted following to navigate tariffs and economic turbulence.
What is the Court of International Trade? And why can it strike down Trump's tariffs?

By CHRISTOPHER RUGABER
May 29, 2025 2:37 pm - A little-known federal court threw a giant monkey wrench into a foundational part of President Donald Trump's economic agenda by striking down most of the sweeping tariffs he has imposed since taking office.
A global rally for stocks stumbles on uncertainties about Trump's tariffs, but Nvidia shines

By ELAINE KURTENBACH and MATT OTT
May 29, 2025 8:09 am - A big rally for stocks that began in Asia on Thursday is running out of momentum after sweeping into Europe and the United States amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s sweeping tariffs.
The US and EU are in a showdown over trade. What does Trump want and what can Europe offer?

By DAVID McHUGH and PAUL WISEMAN
May 28, 2025 8:43 am - Top officials at the European Union’s executive commission say they're pushing hard for a trade deal with the Trump administration to avoid a 50% tariff on imported goods.
US consumer confidence rebounds after five straight months of declines amid tariff anxiety

By MATT OTT
May 27, 2025 2:36 pm - Americans’ views of the economy improved in May after five straight months of declines sent consumer confidence to its lowest level since the onset of the COVID-19 pandemic, largely driven by anxiety over the impact of President Donald Trump’s tariffs.
Why are more shoppers struggling to repay ‘buy now, pay later’ loans?

By CORA LEWIS
May 24, 2025 1:03 pm - More Klarna customers are having trouble repaying their “buy now, pay later” loans, the short-term lender said this week. The disclosure corresponded with reports by lending platforms Bankrate and LendingTree, which cited an increasing share of all “buy now, pay later” users saying they had fallen behind on payments.
Here’s what’s inside Trump’s big tax bill

By KEVIN FREKING and LISA MASCARO
May 23, 2025 10:52 am - House Republicans early Thursday took a major step forward on President Donald Trump’s agenda, approving a legislative package that combines tax breaks, spending cuts, border security funding and other priorities.
Trump’s latest tariff threats knock Wall Street, European stocks and Apple lower

STAN CHOE
May 23, 2025 8:28 am - U.S. stocks fell after President Donald Trump threatened 50% tariffs on the European Union that could begin in a little more than a week. The S&P 500 lost 0.7% Friday and had its worst week in the last seven. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 1%.
For small businesses, these are the 3 economic metrics that really matter in 2025

By Gene Marks
May 22, 2025 3:20 pm - In the 20+ years I’ve been running my business, I’ve learned from some very smart leaders which economic metrics they follow. These metrics change each year, depending on circumstances. This year, these three are the ones they’re closely watching.
Trump’s massive import taxes haven't done much economic damage — yet

By PAUL WISEMAN, CHRISTOPHER RUGABER and ANNE D'INNOCENZIO
May 19, 2025 11:24 am - For months, American consumers and businesses have been hearing that President Donald Trump’s massive import taxes — tariffs — would drive up prices and hurt the U.S. economy. But the latest economic reports don’t match the doom and gloom: Inflation actually eased last month, and hiring was solid in April.

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