By keeping inventory in bonded warehouses or foreign trade zones, importers were able to hedge the tariff rate they ultimately paid. Source link
Category: Business
Business News
Michael Cardozo, 84, New York City’s Longest-Serving Chief Lawyer, Dies
As the city’s corporation counsel under Mayor Michael Bloomberg, he defended stop-and-frisk policing and a ban on smoking in bars and restaurants. Source link
A Fed governor plans to resign, giving Trump an opportunity to shape central bank.
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, […]
Corporation for Public Broadcasting Will Shut Down
The company is among the first casualties of a vote to strip roughly $500 million in federal funding from NPR, PBS and local stations across […]
Fed Governor Steps Down Early, Giving Trump Opportunity to Appoint New Official
The resignation comes as President Trump has been openly pressuring the central bank to lower interest rates and calling for Jerome H. Powell, the chair, […]
Trump, Claiming Weak Jobs Numbers Were ‘Manipulated,’ Moves to Fire Labor Official
Economists said ousting the head of the Bureau of Labor Statistics could undermine confidence in government economic data. Source link
Jury Says Tesla Was Partly to Blame for Fatal Crash
Lawyers for the family of a woman struck and killed by a Tesla sedan in 2019 argued that the company’s Autopilot software should have avoided […]
Trump Turns to Untested Tariffs to Reorder Global Trade
President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan. Source link
Federal Government Shed 12,000 Jobs in July
The U.S. government has lost 84,000 jobs since January as the Trump administration aggressively reduces the work force. Source link
OpenAI Raises Another Funding Deal, From Dragoneer, Blackstone and More
The venture capital round values the ChatGPT maker at $300 billion, and underscores the fierceness of the A.I. money race. Source link