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 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 cost of child care in the U.S. just keeps climbing — a new report finds that prices rose 29% from 2020 to 2024, outpacing overall inflation.
Why it matters: Rising child care costs put a huge financial strain on families, forcing some parents — typically women — to either ratchet back their working hours or leave the labor force entirely.
