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Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans’ budget resolution on April 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Dozens of Democratic lawmakers are warning that President Donald Trump’s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme…
An attendee takes a photograph using a Google Pixel 9 smartphone during the CP+ trade show in Yokohama, Japan on February 27, 2025. Tomohiro Ohsumi | Getty Images News | Getty Images The Japan Fair Trade Commission (JFTC) on Tuesday issued a cease and desist order against Google for unfair trade practices regarding search services…
Thilina Kaluthotage | Nurphoto | Getty Images Meta CEO Mark Zuckerberg considered spinning out Instagram in 2018 on concerns about the rising threat of antitrust litigation against Facebook, according to an email presented Tuesday in a Washington, D.C. courtroom. During Zuckerberg’s second day of testimony in Meta’s antitrust trial with the Federal Trade Commission, lawyers…
On Friday, amid a tariff-induced frenzy that drove hordes of consumers to panic-buy iPhones, President Trump announced a tariff exemption on electronics like smartphones and computers. For a moment, widespread anxiety about a potential $2,000 iPhone dissipated. But two days later, the Trump administration said smartphones and computers were likely to be hit with new…
Anthony Denier, CEO fo Webull, speaks during an interview on CNBC on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 1, 2022. Brendan McDermid | Reuters Shares of Webull soared nearly 375% on Monday, the second day on the market for the stock-trading app, which completed its merger…
A cargo truck loaded with new pickups heads to U.S. at the Otay Commercial crossing in Tijuana, Baja California state, Mexico on March 27, 2025. Guillermo Arias | AFP | Getty Images DETROIT — Shares of automakers closed higher Monday after President Donald Trump said he is looking to “help some of the car companies”…
The Trump administration took steps on Monday that appear likely to result in new tariffs on semiconductors and pharmaceutical products, adding to the levies President Trump has put on imports globally. Federal notices put online Monday afternoon said the administration had initiated national security investigations into imports of chips and pharmaceuticals. Mr. Trump has suggested…
For Apple, India offers more than escape from China. It provides access to a growing domestic market. Apple produced $22 billion worth of iPhones in India in the 12 months through March 2025 — a staggering 60% jump from the prior year, according to a Bloomberg report. That means 1 in every 5 iPhones globally…
U.S. President Donald Trump Nathan Howard | Reuters President Donald Trump and his top trade officials on Sunday added to the confusion over his administration’s tariff plans, including newly announced exemptions for reciprocal tariffs on electronic products such as phones, computers and semiconductors. Trump and his aides suggested the exemptions — which erased added tariffs…
President Trump signaled on Sunday that he would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after his administration excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China. The push came as Mr. Trump’s top economic advisers scrambled to…
