The Consumer Financial Protection Bureau is scrambling to bring back staff to perform legally mandated tasks such as maintaining its consumer complaint database, according to emails submitted in litigation seeking to prevent the Trump administration from shuttering the agency. The…
The Trump administration said on Wednesday that it would overhaul a $42 billion federal grant program aimed at expanding high-speed internet to the nation, including easing some rules that could benefit Elon Musk’s satellite internet service, Starlink. The program will…
The Senate voted on Wednesday to strip a key financial regulator of its ability to monitor digital platforms like X, as the social media company’s owner, Elon Musk, has become the public face of the government office seeking to shrink…
President Trump said on Wednesday that he would pause tariffs on cars coming into the United States from Canada and Mexico for one month, after a 25 percent tariff that he placed on America’s closest trading partners a day earlier…
A consortium of investors led by BlackRock agreed to buy majority stakes in ports on either end of the Panama Canal, putting U.S. firms in control of two ports that President Trump raised as a security concern because of their…
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm BlackRock. The sale comes after weeks of complaining by President Donald Trump…
Target and Best Buy say Trump’s tariffs on Mexico, Canada, and China could raise prices in their stores as soon as this week. During an interview with CNBC, Target CEO Brian Cornell said consumers will “likely see prices increase over…
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.455 million barrels for the week ending February 28. Analysts had expected a smaller 300,000-barrel draw. This offsets just a small part of the…
President Trump made one of the biggest gambles of his presidency Tuesday by initiating sweeping tariffs with no clear rationale on imports from Canada, Mexico and China, triggering a trade war that risks undermining the United States economy. His actions…
A car carrier trailer drive to cross to the U.S. at Otay Commercial port in Tijuana, Mexico on January 31. President Donald Trump’s threatened tariffs on Mexico and Canada, set to go into effect on Tuesday, would hurt the Mexican…