At the stroke of midnight, 92% of all U.S. cargo shipments, and up to four million package daily, lost their duty-free status with President Trump’s removal of the de minimis exemption for low-value trade going into effect. Any imported goods sent through the international postal network that are valued at or under $800 will now…
Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal court in Washington, D.C., also names Fed Chairman Jerome Powell and the Board of Governors itself as defendants. Trump said Monday that he was removing Cook because of allegations that she committed…
White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central…
Long-term U.S. Treasury yields continued to move higher on Wednesday following the latest effort by President Donald Trump to take charge of the Federal Reserve. The 30-year Treasury yield rose 4 basis points to 4.948%, and the 10-year Treasury yield was more than 2 basis points higher at 4.281%. The 2-year yield was lower by 3 basis…
Leisure travel to the United States is down this year, but business travel to the country remains stable, according to a report from SAP Concur. The United States was the top destination for global business travelers in the first half of 2025, according to the report. Some 15% of all business air travel bookings were…
The U.S. Treasury yield curve steepened on Tuesday with short-term yields falling and long-term yields rising after U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook from the central bank’s board. The 2-year yield was more than 5 basis points lower at 3.679%, while the 30-year yield added less than 2 basis points to…
Lisa Cook, governor of the Federal Reserve, speaks during a Fed Listens event in Washington, D.C., on March 22, 2024. Al Drago | Bloomberg | Getty Images President Donald Trump on Monday said he had fired Federal Reserve Board Governor Lisa Cook, an unprecedented and dramatic escalation of his attacks on the U.S. central bank’s independence over…
U.S. President Donald Trump welcomes South Korean President Lee Jae Myung at the White House in Washington, D.C., U.S., August 25, 2025. Brian Snyder | Reuters President Donald Trump bragged about his “great relationship” with North Korean dictator Kim Jong-un as he met at the White House for the first time Monday with South Korea’s…
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew…
A sign outside Brooklyn coffee shop Clever Blend offers a $6 gelato and espresso “recession special.” Lisa Kailai Han | CNBC As fears of a slowing economy lurk in the background, some businesses are taking notice and bringing back so-called recession specials. Look up the term “recession specials” through Google’s search engine, and the list…
