Some small business owners say they are pulling back on hiring as tariff-driven cost increases make bringing on new employees an untenable proposition. As they bear added expenses on imported inputs and goods, companies are looking to trim costs wherever possible, including labor. That can mean pressing pause on hiring, cutting …
Read More »Trump threatens to cut off Elon Musk’s federal subsidies. That could cost Tesla and SpaceX billions.
President Trump on Thursday suggested cutting off federal subsidies and contracts to Elon Musk’s companies, escalating a feud between the president and the world’s richest person. “The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Mr. Trump …
Read More »3 World War II bombs defused in a German city’s biggest evacuation since the end of the war
Three unexploded U.S. bombs from World War II were defused on Wednesday in Cologne after the German city’s biggest evacuation since the end of the war. The bombs were unearthed on Monday during preparatory work for road construction. City authorities said that the discovered unexploded ordnances were two American 20-ton bombs …
Read More »Popular Mexican band Grupo Firme cancels U.S. show, saying Trump administration suspended their visas
The popular Mexican regional music band Grupo Firme announced on Friday that it was canceling a performance in a music festival in California over the weekend after the United States government suspended the musicians’ visas. It comes after the U.S. State Department has revoked visas of a number of Mexican …
Read More »Victoria’s Secret takes down U.S. website after “security incident”
Victoria’s Secret has taken down its U.S. website and says some in-store services will also be unavailable as it addresses an unspecified “security incident.” A message to customers remained in place of the popular lingerie brand’s normal shopping site Thursday, stating that the Ohio-based company had halted these operations “as …
Read More »Passenger accused of dragging American Airlines flight attendant and shouting “you’re coming with me”
A Kansas man who allegedly dragged an American Airlines flight attendant up the aisle of a plane is facing charges, the Department of Justice said on Wednesday. Julius Jordan Priester, 24, was traveling from Bradley International Airport in Windsor Locks, Connecticut, to Chicago on Tuesday night, the DOJ said. American …
Read More »S&P 500 closes 2% higher after Trump announces pause on EU tariffs
President Trump’s decision to delay a 50% tariff on goods from the European Union led to a Wall Street rally on Tuesday, with the major indexes closing higher. The S&P 500 climbed 119 points, or 2.1%, to close at 5,922 points, while the Dow Jones Industrial Average gained 741 points, …
Read More »Could weight loss drugs help reduce dementia risk? Here’s what new studies suggest.
Popular diabetes and weight loss drugs may do more than curb appetites — they may also help reduce the risk of dementia, according to new research. Two studies that noted this unexpected effect were recently published in the journal JAMA Neurology, though neither were specifically designed to look at that …
Read More »Overseas financial markets and U.S. futures rebound somewhat after wild day on Wall Street
Overseas shares and U.S. futures advanced Tuesday, led by gains in Tokyo where the Nikkei 225 shot up just over 6% as markets calmed somewhat after the shocks from President Trump’s tariff hikes. The modest rebound for most markets followed a wild day on Wall Street, where stocks careened after …
Read More »Former UPMC doctor accused of trying to push his wife off Hawaii hiking trail has bail set at $5 million
A former UPMC doctor and assistant professor at Pitt was arrested after he tried to push his wife off a hiking trail and hit her in the head with a rock several times, authorities in Hawaii said. Honolulu police said they took Gerhardt Konig into custody after a short foot …
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