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Treasury Secretary Bessent says market woes are more about tech stock sell-off than Trump's tariffs

Preview: "The Nasdaq peaked on DeepSeek day so that's a Mag 7 problem, not a MAGA problem," Bessent said.

Apple leads a drop in tech stocks after Trump tariff announcement

Preview: Tech stocks fell in late trading Wednesday following President Donald Trump's announcement of reciprocal tariffs.

De minimis trade loophole that boosted Chinese online retailers to end May 2

Preview: The announcement, which came alongside a set of sweeping new tariffs, gives customs officials, retailers and logistics companies a month to prepare.

DeepSeek AI excitement spills over to Hong Kong's IPO market

Preview: Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region.

China urges U.S. to 'immediately' cancel reciprocal tariffs, vows counter-measures

Preview: U.S. President Donald Trump unveiled a 10% baseline tariffs on most imported goods from global trading partners.

Advertisers look for flexibility as they parse how Trump's new tariffs will affect their businesses

Preview: Advertisers are seeking flexible terms with media companies as uncertainty grows from President Donald Trump's looming tariffs.

The most powerful passports of 2025 — a new country tops the list

Preview: Ireland has the strongest passport in the world, according to the Nomad Passport Index 2025.

Trump tariffs anxiety hits peak in global economy as Chinese freight market crashes to two-decade low

Preview: President Trump's so-called 'liberation day' will reveal new tariffs on trading partners. Inside the supply chain, importers have been preparing for months.

Amazon submits bid for TikTok as ban deadline nears

Preview: TikTok's future in the U.S. hangs in the balance ahead of a potential ban on April 5.

Trump's tariffs leave gadget makers in crisis: 'I'm going to run out of appliances'

Preview: Consumer electronics companies reliant on manufacturing operations in China, Mexico and Canada are reeling from the uncertainty surrounding Trump's tariffs.

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Booker says he hoped floor speech would be something that 'would unify our caucus'

Preview: Sen. Cory Booker (D-N.J.) said on Wednesday he hoped to unify the Democratic party with his marathon floor speech this week after the caucus grew bitterly divided in debates over the continuing resolution last month. In an interview on MSNBC’s “The Beat with Ari Melber,” Booker described those tense moments behind closed doors last month,...

Vance, Harris seen as top 2028 White House contenders

Preview: Vice President JD Vance and former Vice President Kamala Harris are seen as top contenders for the White House in 2028 by their respective parties, according to the latest Economist/YouGov poll. The poll, released Wednesday, asks Democrats and Republicans whom they would consider supporting in the 2028 presidential election and asks which person would be...

Republicans seen more favorably, more united than Democrats: Poll

Preview: Americans hold more favorable views of Republicans than Democrats, even as favorability remains grim across the board, according to the latest Economist/YouGov poll. In the survey, released Wednesday, Republicans in Congress have a net negative 13 favorability — with 39 percent viewing them favorably and 52 percent unfavorably. Congressional Democrats, meanwhile, perform twice as poorly,...

McConnell on vote to undo Trump tariffs against Canada: ‘We need to reinforce our allies’

Preview: Sen. Mitch McConnell (R-Ky.) said the United States needs to “reinforce our allies” when asked why he voted to undo President Trump’s tariffs against Canada. Four GOP senators, including McConnell, voted with Democrats on Wednesday for a resolution to undo Trump’s 25 percent tariff on Canadian imports. McConnell, the former Senate Minority Leader, said he’s...

Former Biden chief of staff blames aides for Trump debate performance

Preview: Former President Biden’s chief of staff, Ron Klain, blames the senior aides for the poor debate performance last summer against then-candidate Donald Trump. Klain, who was interviewed for a new book, was highlighted in an article by The Guardian recalling his time helping Biden prep for last June’s debate, where his poor performance sparked calls...

Senate GOP unease sets in after Trump tariff rollout 

Preview: Senate Republicans are feeling increasingly uneasy after President Trump rolled out his “Liberation Day” batch of tariffs, which are threatening to further dent the U.S.'s economic standing after weeks of questions over what new levies would be included. Trump on Wednesday unveiled steep reciprocal tariffs against numerous nations, including allies and adversaries alike, that were...

Texas man arrested for 'making terroristic threats' against ICE agents, Noem

Preview: A Texas man was arrested for “making terroristic threats” against Immigration and Customs Enforcement (ICE) agents and Department of Homeland Security (DHS) Secretary Kristi Noem, the Dallas Homeland Security Investigations arm said Wednesday. Robert King, a U.S. citizen, was taken into custody in McKinney, Texas, after he made the threats, the agency said in a...

Trump transforms global trade

Preview: Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  5 takeaways from Trump’s major tariff announcement President Trump reset U.S. trade policy Wednesday by announcing a 10-percent general tariff on all imports to the U.S. except for Canada and Mexico, along with targeted tariffs on dozens...

GOP senator says he 'won't apologize' after telling fired HHS employee he 'probably deserved it'

Preview: Sen. Jim Banks (R-Ind.) on Wednesday said he “won’t apologize” for telling a fired Health and Human Services (HHS) employee that he “probably deserved it,” after video footage of the exchange was widely circulated on social media. The viral video showed former HHS employee Mack Schroeder approaching Banks in a Senate office building on...

4 GOP senators vote with Democrats to undo Trump tariffs on Canada

Preview: A group of Republican senators voted along with Democrats on Wednesday for a resolution to undo President Trump's 25 percent tariffs on Canadian imports, dealing an embarrassing blow to Trump. The resolution expresses the sense of the Senate and doesn’t have the force of law, but its 51-48 passage is unwelcome news for the president...

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'Couldn't believe it': Floridians emerge from Idalia's destruction with hopes to recover

Preview: After Hurricane Idalia made landfall on Wednesday, Florida communities are emerging to see its destruction with hopes and plans to recover.

Idalia downgraded to tropical storm after hitting Georgia, Carolinas, Florida: Updates

Preview: Downgraded to a tropical storm, what had been Hurricane Idalia powered across Georgia and the Carolinas on Wednesday evening.

Mitch McConnell to consult doctor after freezing, struggling to speak for second time this summer

Preview: The 81-year-old Republican Senate minority leader struggled to answer reporters' questions in Kentucky, requiring help and drawing questions about his health

LOOK: World record 92,003 fans watch Nebraska volleyball match at Memorial Stadium

Preview: Nebraska volleyball set a women's sports attendance record Wednesday night as 92,003 fans descended on Memorial Stadium to watch the match vs. Omaha.

At least 73 people dead after fire engulfs building occupied by the homeless in Johannesburg

Preview: At least 73 people died when a fire ripped through a multi-story building in Johannesburg overtaken by homeless people, authorities said Thursday.

Where did Idalia make landfall? Maps show damage, aftermath of storm's destructive path

Preview: As the storm moves away from the shore, it can cause an additional life-threatening hazard: inland flooding. Georgia and the Carolinas are at risk.

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Wall Street Banks Prepare to Sell Billions of Dollars of X Loans

Preview: Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar.

Canada to Provide $720 Million to Canada Post to Avoid Insolvency at Mail Service

Preview: The Canadian government said it would provide extraordinary financing to Canada Post to avoid insolvency at the state-owned mail service.

Amazon Willing to Discuss Quebec Shutdown With Canadian Officials

Preview: Amazon.com said it is open to talks with officials from the Canadian and Quebec governments about the decision to shut down operations in the country’s French-speaking province, which would lead to 1,700 people losing their jobs.

Target Drops DEI Goals and Ends Program to Boost Black Suppliers

Preview: Once a stalwart supporter of Black and LGBTQ rights, the retailer joined corporate America’s retreat from DEI initiatives.

Energy & Utilities Roundup: Market Talk

Preview: Find insight on Cnooc, YTL Power International, Ampol, and more in the latest Market Talks covering energy and utilities.

Basic Materials Roundup: Market Talk

Preview: Find insight on CSX, Givaudan, Rio Tinto and more in the latest Market Talks covering basic materials.

Auto & Transport Roundup: Market Talk

Preview: Read about CSX, Magna International, Alaska Air and more in the latest Market Talks covering the auto and transport sector.

Financial Services Roundup: Market Talk

Preview: Find insight on Banca Monte dei Paschi di Siena’s bid for Mediobanca, Travelers and more in the latest Market Talks covering financial services.

Novo Nordisk Shares Surge on New Obesity Drug Results

Preview: Novo Nordisk shares rose sharply after the Danish pharmaceutical giant said an experimental weight-loss shot helped patients lose 22% of their body weight in a clinical trial.

EU Conditionally Approves International Paper's $7.16 Billion DS Smith Buy

Preview: The European Commission said that the parties’ offer to sell five of International Paper’s plants in Europe fully addresses its competition concerns over the deal.