International Business Times

US President Donald Trump has launched a trade war

California Sues Trump Administration Over Sweeping Tariffs

California filed a lawsuit on Wednesday to block Trump's broad tariffs on foreign trade partners, after he announced a 10% tariff on goods from all countries and even higher tariffs for nations his administration claimed made it difficult for U.S. products to enter their markets.

Trump Clashes With Fed Chief Powell Over Interest Rates
US President Donald Trump blasted Federal Reserve chairman Jerome Powell on Thursday for not lowering interest rates, calling him "always TOO LATE AND WRONG." "Powell's termination cannot come fast enough," Trump wrote on his Truth Social platform.
Trump Admin Plans To Shut Down Free IRS Direct File Tax Program: Report
Launched during President Joe Biden's administration, Direct File had been praised by users for being easy to use, fast, and cost-effective.
Trump Says 'Joke' Harvard Should Be Stripped Of Funds
President Donald Trump called Harvard a "joke" Wednesday and said it should lose its government research contracts after the top US university refused to accept demands to come under outside political supervision.
Judge Finds Trump Officials Likely In Contempt Over Deportation Flights
Boasberg accused the administration of removing deportees under the Alien Enemies Act before those individuals could legally challenge their deportation.
Zuckerberg Denies Meta Bought Rivals To Bury Them
Meta chief executive Mark Zuckerberg on Wednesday denied in court that his company bought rival services Instagram and WhatsApp to neutralize them, as his testimony in a landmark antitrust case came to a close.
China Outlines What It Wants From The Trump Administration Before Negotiating Tariffs
Beijing said it wants to see more respect from the U.S. and a more consistent position before engaging in tariff negotiations
Markets Typically Rise Before Good Friday — But Will 2025 Break The Pattern?
Summer markets often slow down, but 2025 could hold surprises. Discover expert strategies to navigate the lull, from defensive stocks to smart diversification.
Florida Legislature Introduces Bill To Prevent State Employees From Conducting Campaign Activities As GOP Infighting Continues
Florida Republicans introduced new bill after Gov. Ron DeSantis used government staffers to help him directly raise campaign contributions and tensions rise.

Nvidia CEO In Beijing As US Tech Curbs, Trade War Threaten Sales

Nvidia this week said it expected a $5.5 billion earnings hit this quarter due to a new US licensing requirement on GPUs (graphics processing units) with bandwidths similar to the H20, the primary chip it could legally sell in China.

Economy in Focus

Asian Markets Boosted By 'Big Progress' In Japan Tariff Talks
Tokyo led stocks higher Thursday as optimism over Japan-US trade talks offset Federal Reserve boss Jerome Powell's warning that Donald Trump's tariffs could force officials to choose between fighting inflation or unemployment.
Global Trade Uncertainty Could Have 'Severe Negative Consequences': WTO Chief
US-China Trade War Claims New Victim: Boeing Stock Slides—Here's What To Expect

War in Ukraine

As War Grinds On, Ukraine's Seniors Suffer
Like thousands of senior citizens in Ukraine, Zinaida Gyrenko was spending the sunset years of her life in a shelter, her retirement upended by Russia's invasion.
Trump Blames Zelensky For 'Millions' Of Deaths In Russian Invasion
US President Donald Trump resumed his attempts Monday to blame Ukrainian leader Volodymyr Zelensky for Russia's invasion, falsely accusing him of responsibility for "millions" of deaths.
Russia Says Deadly Sumy Strike Hit Army Meeting
Russia said Monday that its missiles hit a meeting of Ukrainian army commanders in Sumy, accusing Ukraine of using civilians as a "human shield" after Kyiv said the attack Sunday killed at least 34 people in one of the deadliest strikes of the entire war.
Zelensky Urges Trump To Visit Ukraine To See War Devastation: CBS
Ukrainian President Volodymyr Zelensky urged US counterpart Donald Trump on Sunday to visit his country to better understand the devastation wrought by Russia's invasion.

China Selling Seized Digital Assets? Crypto Users Troll Local Governments In 'Germany Type Move'

Local governments in China are reportedly dumping their seized Bitcoin and other cryptocurrencies amid a slowing economy – crypto holders blasted the move, reminding the community of how a similar move ended for Germany.

Christian E. Urbina, President of Prosperitus Wealth Advisors

Contributor

Global Economy at an Inflection Point Again: Christian Urbina on Fiscal Strategy, Global Trade, and Investment Planning

Christian Urbina, President, CEO, and Chief Investment Officer of Prosperitus Wealth Advisors, LLC, believes this is a moment that demands clarity, strategy, and thoughtful action.

Contributor
Your Amazing Itty Bitty Business Dating Book: A Guide Through the Ups and Downs of Building Professional Synergy
Released to wide acclaim in July 2024, Barbara Robins' book is chock-full of catchy pointers to build and maintain a perfectly aligned system of collaborators to fulfill a business' potential.
Contributor
Will Grindle On Why The Future Of 5G Depends On People, Not Just Infrastructure
For Will Grindle, owner and Chief Stewardship Officer at Ascend, a leading infrastructure company specializing in cell tower construction and communications systems, the real story is about the people making it happen.

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Business Lookahead: Jobs, Prices And AI

From U.S. jobs numbers that could give the Fed pause for thought, to signs the AI bandwagon is picking up speed, these are the big stories to watch out for in business and finance in the coming days. Rachel Faber has the details.

US Economic Uncertainty Means Bigger 'Black Friday' Discounts
Dublin Riot Highlights 'Far-Right' Agitation Over Ireland Immigration
01:40
Taiwan Strait: Chinese Ship 'Cuts Off US Destroyer'
00:22
Dashcam Video Captures Missile Falling Near Kyiv Car
01:30
Saudi Pledges Big Oil Cuts In July

MOST READ

Companies

Business

EU Hopes Trump Tariffs Can Nudge Mercosur Deal Past Finish Line
The spectre of a transatlantic trade war is also fuelling hopes of a silver lining in Europe: that a commerce deal with four South American countries could get a final green light despite longstanding French opposition.
TikTok Tests Letting Users Add Informative 'Footnotes'
Heineken Beer Sales Dip, Tariffs Add To Uncertainty

World

Sweden Turns Up Eurovision Heat With Wacky Sauna Song
Sweden is getting up a head of steam for what could be a record number of Eurovision wins this year with a humorous sauna act.
Spanish Youth Keep Vibrant Holy Week Processions Alive
Nigerian Mixed-faith Families Sense Danger As Violence Flares

Technology

National

Florida AG Tells Orlando Mayor 'There Will Be Consequences' If City Sticks With Policy Barring Officials From Inquiring About Immigration Status
"Failure to abide by state law may result in the enforcement of applicable penalties, including but not limited to being held in contempt," said AG James Uthmeier in a public letter
Trump Clip Goes Viral After Awkward Pronunciation Of MAGA Mantra In Spanish: 'America Grande Otra Vez'
US Eliminates Unit Countering Foreign Disinformation

Politics

Trump Ordered Staffers To 'Make Sure' Musk Didn't Attend China Talks After Briefing Plans Were Leaked: Report
President Donald Trump allegedly enlisted the help of senior staff to prevent Elon Musk from attending a classified briefing about China.
GOP Senator Pushes Back On Trump's Proposal To Send Americans To El Salvador Moments After Insisting 'I Think The President Is Right'
GOP Sen. Chuck Grassley Faces Tough Town Hall And Demands To Bring Back Deported Salvadoran Man

Entertainment

Life & Style

'Toxic Beauty': Rise Of 'Looksmaxxing' Influencers
Hankering for a chiseled jawline, a male TikTok influencer strikes his cheekbones with a hammer -- highlighting the rise of "looksmaxxing," an online trend pushing unproven and sometimes dangerous techniques to boost sexual appeal.
AI Tool Aims To Help Conserve Japan's Cherry Trees
Czech Beer Culture Eyes UNESCO Listing As Pubs Take Hit