Is the trade deal with Vietnam announced Wednesday good news or bad news for U.S. companies? Stock investors may need more time to think.
The big picture: U.S. importers — from apparel to furniture to toys — took a hit in April when Trump threatened major new tariffs on the popular manufacturing hub. Today's deal eased tensions but left steep tariffs in place.
G/O Media CEO Jim Spanfeller said the company is winding down in a candid "epilogue" published Wednesday, after the sale of gaming news site Kotaku, where he defended his record and took aim at unions and ad tech.
Why it matters: Once a portfolio of prominent digital outlets like Deadspin and Quartz, the company has only one site remaining, The Root, which it is also looking to sell.
A tax loophole that encouraged consumers to lease, rather than buy, electric vehicles in recent years means a flood of used EVs will be hitting the market soon.
Why it matters: The expected wave of lease trade-ins will help fuel the next phase of EV adoption by giving price-conscious buyers more affordable choices.
G/O Media has sold gaming news site Kotaku to Keleops, the European media company that acquired its tech news site, Gizmodo, about a year ago.
Why it matters: The sale leaves G/O Media with only one remaining property, Black culture site The Root, marking the near-complete unraveling of its once broad portfolio.
General Motors gave the Chevrolet Equinox a makeover for 2025, and the transformation couldn't be more stark: The previously soft and dowdy compact SUV is now rugged and muscular, like a baby Chevy Traverse.
Why it matters: The head-turning redesign seems to have worked. Equinox sales are up 22% so far this year, in one of the industry's most competitive segments.
It's the second-best seller in Chevy's lineup, behind the Silverado pickup.
I test-drove the Equinox LT AWD, which starts at $30,600. With optional safety and convenience packages and the "Midnight Edition" appearance package, the final sticker price was $35,225.
OpenAI is one of the world's most valuable private companies, and by far the global leader when it comes to consumer adoption of artificial intelligence.
It also could be on the precipice of its first major commercial challenge.
Driving the news: Apple is considering using models from either OpenAI or Anthropic to underpin its next version of Siri, according to a blockbuster report from Bloomberg's Mark Gurman.
The U.S. has struck a trade deal with Vietnam, President Trump said Wednesday.
Why it matters: The deal is much less severe than what the country originally faced, but still puts a significant tariff on one of the largest exporters to the United States.
Why it matters: The nearly 140-year-old company — known for staples like canned vegetables and fruit cups — has faced mounting pressures from changing consumer habits, supply chain volatility and rising costs.
CBS parent Paramount Global on Tuesday said it would pay $16 million to settle a voter interference lawsuit filed by President Trump last October, even as press freedom advocates warned the company was buckling to political pressure.
Why it matters: A settlement likely clears the way for Paramount Global to merge with Skydance Media.
A top renewables industry official is looking ahead to overhauling permitting and having wind and solar meet fast-rising demand, even as the House is weighing the Senate bill that would ax incentives.
Why it matters: Absent a dramatic plot twist on Capitol Hill, the industry faces a much tougher future, with the GOP yanking unprecedented Biden-era support.
Private employers shed 33,000 workers in June, the first monthly job loss in at least two years, payroll processing firm ADP said on Wednesday.
Why it matters: It is the most worrying job market indicator to date since President Trump unleashed a series of tariffs that ignited economic uncertainty.
The bond market just saw its best month since February, while the U.S. dollar had its longest monthly slide since 2017.
Why it matters: After a "tariff tantrum" sell-off, bonds are cool to buy again, making it look like the pushback on American policy has moved to the dollar.
OCHOPEE, Fla. —President Trump began Tuesday by stoking his on-again feud with Elon Musk and joking about alligators chasing immigrant detainees.
He later basked in the Senate's passage of his signature tax and spending bill — and enthusiastically lobbed threats toward an array of perceived enemies, from immigrants to the media to Zohran Mamdani, New York City's Democratic nominee for mayor.
Why it matters: Trump and his team seemed to view it as his best day as president — a day when his brash, norm-crushing style was paying off in a series of "wins" in D.C. and Florida, where he visited a new immigration lockup dubbed "Alligator Alcatraz."
Managers are trusting AI to help make high-stakes decisions about firing, promoting, and giving their direct reports a raise, according to a new study from Resume Builder.
Why it matters: AI-based decision-making in HR could open companies up to discrimination and other types of lawsuits, experts tell Axios.
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