Markets, trade, and economic policy worldwide
President Donald Trump stated that Germany and the European Union have failed to adhere to the terms of a trade agreement with the United States.
US President Trump said the White House gave Spirit Airlines and its creditors 'a final proposal' to rescue the bankrupt budget carrier, as the airline prepared to cease operations after hitting an impasse over a $500 million government bailout plan.
The Wall Street Journal exclusively reports that GameStop is preparing to make an offer for eBay, as part of an audacious plan to build a $100 billion company.
GameStop is preparing to make an offer to acquire eBay, according to people familiar with the matter, as part of Ryan Cohen's plan to transform the retailer into a $100 billion-plus company.
It now costs $160 to fill up America’s top-selling vehicle as the Iran war nears its 10th week.
Estée Lauder raised its annual profit forecast and announced up to 3,000 additional job cuts as part of a broader restructuring, with shares rising as total expected layoffs reached up to 10,000, or about 17.5% of its global workforce.
The Pentagon estimates that the U.S. blockade of Iran has resulted in a financial cost of $4.8 billion to the Iranian government.
Spirit Airlines could shut down as soon as tomorrow, source says. American, United and Frontier Airlines all say they are ready to support passengers if the budget carrier shuts down in the coming days. https://t.co/nIWWtll1YJ
The S&P 500 closes at new record high, has added over $8 trillion in market value over past month.
The S&P 500 and Nasdaq reached record closing highs as Iran submitted a new proposal to Washington aimed at ending the ongoing conflict.
Spirit Airlines is expected to cease all flight operations at approximately 3:00 a.m. ET on Saturday.
The European Union has criticized U.S. President Donald Trump's plans to increase tariffs, calling them unacceptable.
Officials say Spirit Airlines could collapse within hours as critical bailout negotiations with the White House have stalled.
The U.S. Treasury Department warned shippers not to pay tolls demanded in the Strait of Hormuz, including those disguised as charitable donations.
The European Union and the Mercosur bloc have officially implemented a long-negotiated trade agreement, resulting in immediate tariff reductions across various goods.
The U.S. President's announcements to increase tariffs on trucks and cars imported from the EU to 25% represent a renewed and serious strain on transatlantic relations, according to Germany's VDA auto association.
S&P 500 Hasn't Looked This Unbalanced Since The Dot-Com Bubble, Goldman Warns.
Japan warned it is ready to intervene in currency markets again, causing the yen to jump sharply.
President Donald Trump indicated that his administration may take action regarding Spirit Airlines as officials report the carrier could cease operations within 24 hours.
Analyst Dan Burns said Californians are paying $6 per gallon, as oil briefly spiked past $126 a barrel, pushing US inflation to its highest year-on-year rise since May 2023.
Reuters reports that Iran’s largest cryptocurrency exchange, founded by one of the country’s most powerful families, is used by the Islamic Revolutionary Guard Corps (IRGC) to transfer millions of dollars.
President Donald Trump announced that the U.S. government has provided a final bailout proposal to Spirit Airlines as the carrier faces potential liquidation.
President Donald Trump announced plans to increase tariffs on European Union automobiles to 25%, though he did not provide specific details on the implementation or timeline for the policy change.
Official data indicates that UK exports to the US have declined due to the impact of tariffs.
The national average gasoline price in the United States has increased to $4.39 per gallon, marking the largest single-day rise since the April 7 ceasefire announcement with Iran.
President Donald Trump stated that the European Union failed to adhere to trade agreements, citing this as the reason for imposing tariffs on European vehicles.
Treasury Secretary Bessent stated that the U.S. is implementing a strategy called 'Economic Fury' to target the Iranian military's financial networks, labeling Iran as a primary source of global terrorism.
Spirit Airlines faces a potential cessation of operations as early as Saturday following the collapse of negotiations regarding a government aid package.
President Trump says he will impose a 25% tariff on automobiles from the European Union next week, accusing the bloc of failing to comply with a trade agreement.
President Donald Trump announced he is raising tariffs on automobiles and trucks from the European Union to 25%, claiming the bloc had not fully complied with a trade agreement negotiated with the US.