BEIJING (AP) — China has announced that it will raise tariffs on U.S. goods from 84% to 125%. It was the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S. President Donald Trump paused import taxes this week…… MORE
NEW YORK (AP) — The upheaval in stocks has been grabbing all the headlines, but there is a bigger problem looming in another corner of the financial markets that rarely gets headlines: Investors are dumping U.S. government bonds. Normally, investors rush into them at a whiff of economic chaos but now not even the lure…… MORE
WASHINGTON (AP) — Consumer sentiment fell sharply in April for the fourth straight month as the trade war has fueled worries about the health of the job market and inflation. The University of Michigan’s closely watched consumer sentiment index, released Friday, fell 11% to 50.8, the lowest since the depths of the pandemic. The decline…… MORE
(WBAP/KLIF) WASHINGTON (AP) — The Trump administration says it will exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia. U.S.…… MORE
DALLAS – (WBAP/KLIF) – A Houston DEA agent is named as the new Dallas Police Chief. Dallas City Manager Kimberly Bizor-Tolbert says she’s selected Houston DEA Special Agent Daniel Comeaux to be the next chief of Dallas Police Department, saying “The City of Dallas continues to achieve crime reduction year after year. I am confident…… MORE