The Fed will likely hold interest rates steady as Trump's tariffs spark uncertainty The Federal Reserve will likely hold interest rates steady Wednesday as President Trump's tariffs threaten to raise prices and drag down economic growth. Scott Horsley
Port of LA executive director says cargo down by over a third this week As U.S. companies scale back on buying Chinese goods due to tariffs, ports are poised to see a drop in containers. The Port of LA's executive director says cargo is down by over a third this week. Steve Futterman
U.S. and Chinese officials will meet in Geneva in first sign of thaw in trade war The superpowers have been locked in a geopolitical blinking contest, waiting for the other side to reach out. The talks in Switzerland are the first concrete sign of a potential thaw in the deadlock. Sherisse Pham
Economic uncertainty remains amid Trump's tariffs It's been a month since President Trump announced his worldwide tariffs. Since then, there have been escalations and tariff retribution from other countries, then tariff pauses.
Warren Buffett announces his retirement and warns the trade war will hurt America The billionaire investor, now 94, also said he would be resigning as CEO at the end of the year. He spoke at Berkshire Hathaway's annual shareholder meeting known as "Woodstock for Capitalists." Maria Aspan
Trump's trade war contracts the economy but job market holds up President Trump's trade war continues. Numbers show the U.S. economy contracted this year but so far the job market is holding up pretty well. Scott Simon
The U.S. job market cooled slightly as Trump's trade war heated up U.S. employers added 177,000 jobs in April — a modest slowdown from the previous month, while the unemployment rate held steady at 4.2%. Scott Horsley
Shein and Temu will cost more, thanks to massive tariffs going into effect Shein and Temu goods might not be so cheap anymore. Starting today, the U.S. will start collecting import fees on small packages from China, much of which comes from Chinese e-commerce sites. Emily Feng
Fred Hutch lays off staff in IT, HIV research The Fred Hutchinson Cancer Center laid off an undisclosed number of employees Wednesday. Monica Nickelsburg
U.S. economy shrinks in the first quarter as economists warn of threats from tariffs The U.S. economy contracted in the first three months of the year. Economists warn the months to come could also be challenging if President Trump's tariffs remain in place. Scott Horsley