archivenews

President Donald Trump riffs on 'old fashioned term' groceriesAfter announcing global tariffs, President Donald Trump riffed on the word "groceries," calling it an "old fashioned" and "beautiful term."President Trump imposed new tariffs on imports, causing investors to worry about a recession.Arizona stocks are mixed, with some companies down sharply and others flat or slightly higher.Investors are advised not to panic and to consider adjusting their investment mix if they are concerned about volatility.Stock markets in the U.S. and around the globe took a beating with the news that President Trump...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific markets plunged on Thursday, after U.S. President Donald Trump imposed hefty reciprocal tariffs on over 180 countries and territories — several of which are in the region. In charts posted on social media, the White House showed the effective tariff rates they claim other countries impose on American goods, including by "currency manipulation and trade barriers." The White House told CNBC's Eamon Javers on Wednesday that the new reciprocal rate on China will be added to existing tariffs totaling 20%, meaning...

By STAN CHOE, AP Business WriterNEW YORK (AP) — U.S. stocks whipped through another dizzying day Wednesday in the final hours before President Donald Trump’s unveiling of the tariffs promised as part of his “ Liberation Day,” which could drastically remake the global economy.The S&P 500 rose 0.7%, but only after careening between an earlier loss of 1.1% and a later gain of 1.1%. It’s had a pattern this week of opening with sharp drops only to finish the day higher.The Dow Jones Industrial Average added 235 points, or 0.6%, and the Nasdaq composite climbed 0.9%. Both also...

Video: Driver hits gate arm on bridge to Palm BeachA woman in a black Mercedes Benz SUV smashed into the gate arm in the eastbound lanes of the Flagler Memorial Bridge to Palm Beach on March 18, 2025.If Palm Beach does not acquire the easements needed for the Midtown Beach Nourishment project by July 31, that project will be delayed until 2027, town staff said during the March 27 meeting.Public Works Director Paul Brazil said if the private owners' refusal could put the 50-year beach management agreement between the town...

ASX-listed homebuilder AVJennings has agreed to a $365-million takeover from US real estate investment manager Proprium Capital Partners.The agreement ends a months-long bidding contest that included Singapore-listed developer Ho Bee Land.The Melbourne-based company, which has a 90-year history in Australian residential development, will be acquired for 65.5¢ a share through Proprium’s local arm, Avid Property Group.The price is a 98.5 per cent premium to AVJennings’ share price before initial takeover discussions began in November.Proprium’s successful bid comes after Ho Bee Land failed to follow through with a binding proposal on...

DeSantis wants repeal of red flag laws and supports open carryDeSantis wants repeal of red flag laws and other restrictions on Second Amendment RightsFlorida Governor Ron DeSantis has proposed a plan to eliminate the state's portion of property taxes for homeowners.DeSantis argues that tourists and non-residents should bear a larger share of the tax burden.The Florida Legislature is currently in session and must reach an agreement on the state budget before adjourning on May 2.Could Florida property taxes be a thing of the past soon? Gov. Ron DeSantis thinks so.At...

Aishwarya Jain and Nathan Gomes  |  ReutersHere's how much homeownership costs per year, on top of your mortgageBankrate finds the typical family home comes with an added price tag: $18,000 in "hidden expenses" every year. (Scripps News)Scripps NewsFintech firm Rocket Companies RKT.N said on Monday it would buy home loan services provider Mr Cooper Group COOP.O for $9.4 billion, its second big deal this month as it looks to broaden its mortgage-related offerings on its online platform.Shares of Mr Cooper jumped about 27% to $132.1 in premarket trading but were still trading well below the offer price of...

Tesla trade-ins hit record high amid Elon Musk controversyTesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled to 0.8% in January.unbranded - NewsworthyU.S. stocks plunged, with the Dow closing down more than 700 points and the S&P 500 shedding over 100 points amid heightened inflation and tariff concerns.The Fed's preferred inflation measure, the...

"Louisiana wins again," was the headline as Gov. Jeff Landry and Louisiana Economic Development trumpeted the official announcement of the $5.8 billion Hyundai steel plant planned for the Donaldsonville area of Ascension Parish.President Donald Trump hosted Landry and several elected officials in the Roosevelt Room of the White House to deliver the monumental news for the state and region, which had not been seen at such a magnitude since the governor and Facebook's parent company, Meta, announced a large artificial intelligence data center in northeastern Louisiana.The first-of-its-kind Hyundai project was...

The Metuchen Edison Piscataway Area Branch of the NAACP’s Juneteenth celebration this year has been moved off federal property because of concerns it might violate President Trump's executive order targeting diversity, equity and inclusion.“We at the NAACP are being forced to relocate our annual Juneteenth Festival from federal grounds simply because it could be seen as a DEI initiative and risk retaliation under the Trump Administration's agenda. That's not just unacceptable – it's dangerous," said Reggie Johnson, president of this NAACP branch.The event, originally planned for June 7 at the...