Business

Rep. Ayanna Pressley, D-Mass., sounded off on President Donald Trump's "tax scam" during a Tax Day press call hosted by the Democratic National Committee (DNC), accusing the Trump administration of prioritizing handouts for the "ultra-wealthy" over American families. Pressley said Trump, who is less than 100 days into his second non-consecutive term, has yet to deliver on his 2024 campaign promise to bring down costs for working Americans."How's that going? Are […]

Videos posted by Chinese TikTok users that suggest people should purchase fashion items direct from factories in China have surfaced in the U.S. in recent weeks, according to Bloomberg.The videos claim many apparel brands such as Nike and Lululemon get their products from Chinese factories, with some praising the quality of Chinese manufacturing, the outlet reported Monday.They appear to be seeking to spur American consumers to get apparel and accessories […]

A new report by Goldman Sachs examining how President Donald Trump's tariffs will impact the labor market found that while it may spur a rise in manufacturing employment, job losses in other industries impacted by tariffs would lead to a net negative impact on employment across the economy.Goldman Sachs economists led by Jan Hatzius reviewed historical and academic studies about the impact of tariffs on the labor market in industries protected […]

One Florida mall's theater is joining others across the country in trying to stop the chaos occurring during screenings of "A Minecraft Movie."For kids these days, social media, video games and movies are intertwined. When "Minecraft" came to the big screen, people of all ages flocked to the theaters. But an unwelcome trend did, as well."The movie-going experience has changed a lot since I was younger," Josh Gunderson, director of […]

Colliers Securities chief global strategist Mark Grant joined "Varney & Co." on Tuesday to discuss funds that yield up to 50%."I think they're safe," Grant expressed while discussing Nuveen Credit Strategies Income Fund (JQC) and Eagle Point Credit Company (ECC)."I spend three or four hours every Saturday morning going through all these funds. I've never had a fund that didn't pay their dividend that I'm using. Some have cut them, […]

A Chinese official lashed out against the Trump administration on Tuesday, reportedly stating that the "peasants in the United States" will suffer from the trade war. Xia Baolong, the director of China's Hong Kong and Macau Affairs Office under the State Council, criticized tariff policies levied by the Trump administration as "extremely shameless." Appearing to address past remarks by Vice President JD Vance, Xia said "Let those peasants in the United States […]

LVMH ceded its title as the world’s most valuable luxury company on Tuesday, as its market capitalization dropped below rival Hermes.The market capitalization of LVMH, known for brands like Louis Vuitton, Dom Perignon, Givenchy, Tiffany & Co. and TAG Heuer, hovered around 244.1 billion euros as of mid-morning Tuesday, lower than Hermes and its market cap of 248.1 billion euros.At their current market caps, Hermes became the most valuable luxury […]

Some eateries are marking Tax Day by rolling out deals.Americans facing the Internal Revenue Service’s (IRS) deadline for filing federal income tax returns on Tuesday (and extension requests must be filed or postmarked by April 15) will have a swath of deals on foods from well-known chains that they can claim. At participating Great American Cookies locations, customers will receive a free chocolate chip cookie cake slice when they purchase one. […]

Billionaire hedge fund manager Ray Dalio warned in an interview on Sunday that he's concerned about the economy experiencing something "worse than a recession" if the trade war sparks a breakdown of the broader financial system.Dalio, the co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, said in an appearance on NBC's "Meet the Press with Kristen Welker" that President Donald Trump's tariffs have been "very disruptive" and are […]