Business
Australian Fast Food Chain Guzman y Gomez Exits US Market
Guzman y Gomez founder Steven Marks announces closure of US stores, citing inability to justify costs in crowded American fast food market.
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Business, markets, and the economy — corporate earnings, Federal Reserve policy, trade, Big Tech, and the forces driving U.S. and global commerce.
Business
White House Claims China Soybean, Rare Earth Deals After Trump-Xi Summit
Trump administration touts new trade agreements with China on soybeans and critical minerals following president's meeting with Xi Jinping, though details differ.
Business
Trump Donor CEO Uses Tariffs to Crush Quartz Competitors
Cambria CEO Marty Davis, a Trump donor, successfully lobbied for quartz tariffs that competitors say destroy jobs and raise prices for homeowners.
Business
Hyundai's Top US Lobbyist Exits After One Year Amid Trump Tariff War
Hyundai Motor Group's chief US lobbyist departs after just one year as the South Korean automaker faces punishing tariffs and policy uncertainty under Trump.
Business
Oil Surges 4% as Trump Rejects Iran Ceasefire Response — Asian Markets Mixed
Oil prices jumped over 4% Monday after Trump rejected Iran's ceasefire response, sending mixed signals through Asian markets as Wall Street hit new records.
Business
Trump Tariff Refunds Flow as Feds Process $166B in Claims
Federal agencies quietly launched a working refund process for Trump-era tariffs after Supreme Court ruling, with 330,000 importers eligible for $166B in refunds.
Business
Trade Court Strikes Down Trump's 10% Tariffs — White House Must Issue Refunds
U.S. Court of International Trade rules 2-1 that Trump's global 10% tariffs are unlawful, orders refunds for Washington state and businesses that sued.
Business
Powell Breaks 113 Years of Fed Precedent — Stays on Board After Chair Term
Jerome Powell defies tradition by remaining on Federal Reserve board until 2028 after stepping down as chairman, citing institutional independence concerns.
Business
EU Official Calls Trump's 25% Car Tariff Threat 'Unacceptable'
European Union trade official rejects Trump's threat of 25% tariffs on EU trucks and cars after president accuses bloc of trade non-compliance.