Business News Archives | Page 69 Of 129

Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices

DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump’s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory firm expects the levies to add thousands of Dollars to the costs of new […]

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Airlines expected to cut 2025 outlooks as travel demand falters

Business News

A Boeing 767-332(ER) from Delta Air Lines takes off from Barcelona El Prat Airport in Barcelona on Oct. 8, 2024. Joan Valls | Nurphoto | Getty Images Waning travel from Canada. Signs of weaker demand across the Atlantic. Mass government layoffs. Tariffs. Consumers pulling back on travel bookings. The worst stock market swoon since 2020.

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Spirit Airlines CEO Ted Christie steps down

Business News

A Spirit Airlines aircraft prepares to depart from the Austin-Bergstrom International Airport on November 13, 2024 in Austin, Texas. Brandon Bell | Getty Images Ted Christie, CEO of Spirit Airlines, is stepping down from his role leading the embattled carrier, effective Monday, the company said. A group of several company executives — Chief Financial Officer

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JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

Business News

Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods,

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Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs

Business News

Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | Reuters DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles were set to take effect,

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Medicare, Medicaid agency cuts jobs from minority health office, other divisions, as RFK Jr. guts U.S. health department

Business News

An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty Images The Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC has learned, as Robert F. Kennedy Jr. upends the U.S. health department. During

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Tariffs will drive up the cost of airplanes, the United States’ star export

Business News

The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products,

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Toy prices could jump 50% following Trump’s tariffs on China, Vietnam

Business News

The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy

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Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says

Business News

A customer shops for produce at an H-E-B grocery store in Austin, Texas, on Feb. 12, 2025. Brandon Bell | Getty Images Shoppers will likely pay more for coffee, bananas, vanilla and toilet paper over the coming weeks as the Trump administration’s new tariffs go into effect. The U.S. plans to hike tariff rates on

Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says Read More »

Mortgage rates tumble on tariffs, but housing costs still near record high

Business News

Mortgage rates fell sharply Thursday following the Trump administration’s tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October. The massive sell-off in the stock market early Thursday sent investors fleeing to the bond

Mortgage rates tumble on tariffs, but housing costs still near record high Read More »

Auto sales are on a ‘roller coaster ride’ as tariffs are expected to increase prices

Airlines expected to cut 2025 outlooks as travel demand falters

Spirit Airlines CEO Ted Christie steps down

JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy

Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs

Tariffs will drive up the cost of airplanes, the United States’ star export

Toy prices could jump 50% following Trump’s tariffs on China, Vietnam

Shoppers will pay more for bananas, coffee and toilet paper because of tariffs, trade group says

Mortgage rates tumble on tariffs, but housing costs still near record high

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