The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump. The Switch 2’s price was unveiled as $450 this week. Its release date of June 5 remains unchanged, the company said. U.S. … Read more
President Trump and Europe are clashing over tariffs, the war in Ukraine and the very purpose of the European Union’s existence. But they are also divided over free speech — with potentially far-reaching implications for how the digital world is regulated. The E.U. has been investigating U.S. companies under the Digital Services Act, a new … Read more
Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the … Read more
Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the … Read more
As financial markets recoiled for a second day and China said that it would hit the United States with its own punishing tariffs, President Trump on Friday sounded a defiant note about his approach, promising that “MY POLICIES WILL NEVER CHANGE.” Instead, Mr. Trump maintained in a series of posts on Truth Social that his … Read more
Grocery shoppers are likely to feel the impact of the Trump administration’s sweeping new tariffs before April is over. And the first place they’ll feel it is in parts of the store where the inventory has to move fast. In the produce aisle, food analysts said Thursday, expect small price increases on everyday purchases like … Read more
Paper checks issued for tax refunds, Social Security payments and other government benefits have been dwindling and will soon be eliminated, potentially affecting hundreds of thousands of Americans. President Trump signed an executive order on March 25 directing the federal government to stop issuing paper checks as of Sept. 30. Instead, government agencies must make … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more