Two days after threatening to impose a 50% tariff on imports from the European Union, President Trump on Sunday paused the levies until July and said talks would start "rapidly."
Why it matters: The threat of such a large tariff, on more than $600 billion of goods, sent a chill through markets that feared a sudden re-escalation of the trade war.
What do luxury apparel fans and little kids have in common?
Their favorite brands may have to hike prices due to tariff strain.
The big picture: From Ralph Lauren to Barbie maker Mattel, several household names have recently announced they're looking at higher prices in an effort to offset tariffs.
President Trump may paint China as the enemy, but lately he's been awfully fond of their command-economy playbook.
Why it matters: Trump's extraordinary interventions — which dovetail with what some critics have labeled "MAGA Maoism" — are rattling businesses, consumers and investors, and throwing global markets into turmoil.
The Trump administration's vision for a U.S. manufacturing renaissance includes highly automated factories and a more efficient American workforce — all of which will still require tons of foreign robots.
Why it matters: The administration is trying to fix decades of disinvestment in domestic manufacturing, but can't, for now, without relying on foreign companies to supply the advanced robotics needed to catch up with the rest of the world.
The Class of 2025 is begrudgingly entering a job market that is not welcoming them with open arms.
Why it matters: New grads are pessimistic entering the workforce, as the economy could slow. History shows that people who started their careers during economic downturns struggle throughout their lives.
The penny coin is getting phased out, a cost-cutting move that could ripple through consumer behavior, retailers' pricing strategies and cash transactions.
The big picture: When the show premieres Sunday, 10 new Little Free Libraries will open along with books and exclusive merch inside 200 existing libraries across the country.
OpenAI's latest power move in the AI race is to cast CEO Sam Altman as a Steve Jobs for the new era.
Why it matters: Jobs remains Silicon Valley's most revered founder, and since his 2011 death no industry figure has been able to match his success at product innovation, strategy and marketing.
The AI industry unleashed a torrent of major announcements this week, accelerating the race to control how humans search, create and ultimately integrate AI into the fabric of everyday life.
Why it matters: The breakneck pace of innovation — paired with the sky-high ambitions of tech's capitalist titans — is reshaping the AI landscape faster than regulators or the public can fully comprehend.
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