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Business News

Trump’s steel, aluminum tariffs take effect

NEW YORK (AP) — U.S. President Donald Trump hiked nearly all of his tariffs on steel and aluminum imports to a punishing 50% on Wednesday in a move that’s set to hammer businesses from automakers to home builders, and likely push up prices for consumers even further. Foreign-made steel ...

Ford recalls Explorers due to door trim that can detach while driving

WASHINGTON (AP) — Ford is recalling nearly half a million older Explorer models because part of the door trim can detach while driving and cause a dangerous road hazard, U.S. auto safety regulators said Wednesday. A notice posted by the National Highway Traffic Safety Administration said ...

US job openings rose in April

WASHINGTON (AP) — U.S. job openings rose unexpectedly in April, showing that the labor market remains resilient in the face of uncertainty arising from President Donald Trump’s trade wars. The Labor Department reported Tuesday that employers posted 7.4 million job vacancies in April, up ...

Meta turns to nuclear power for AI needs

WASHINGTON (AP) — Meta has cut a 20-year deal to secure nuclear power to help meet surging demand for artificial intelligence and other computing needs at Facebook’s parent company. The investment with Meta will also expand the output of a Constellation Energy Illinois nuclear ...

Wall Street drifts higher as oil prices jump and US manufacturing slumps

NEW YORK (AP) — U.S. stock indexes drifted closer to their records on Monday, coming off their stellar May, which was Wall Street’s best month since 2023. The S&P 500 rose 0.4% after erasing an early loss from the morning. The Dow Jones Industrial Average added 35 points, or 0.1%, and ...

Campbell’s Co. says sales rise as more Americans cook meals at home

The Campbell’s Co. said Monday it saw stronger sales of broth and condensed soup in its latest quarter as more Americans cooked their meals at home. “Consumers continue to cook at home and focus their spending on products that help them stretch their food budgets, and they’re ...