Today's Top Story
US plans to impose major new tariffs on EVs, other Chinese green energy imports, AP sources say
The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China Read More
Business News
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Federal judge temporarily halts Biden plan to lower credit card late fees to $8
A federal judge in Texas temporarily halted a plan by the Biden administration to lower late fees on credit cards to $8 that was slated to go into effect next week
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Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
A report by The New York Times and ProPublica says former President Donald Trump may face an IRS bill in excess of $100 million after a government audit indicates he double-dipped on tax losses tied to a Chicago skyscraper
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US consumer sentiment drops to 6-month low on inflation, unemployment fears
Consumer sentiment fell sharply in May to the lowest level in six months as Americans cited concerns about stubbornly high inflation and interest rates and fears that unemployment could rise
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Economic News
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The United Auto Workers faces a key test in the South with upcoming vote at Alabama Mercedes plant
The United Auto Workers is aiming for a key victory at Mercedes-Benz in Alabama
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700 hotel union workers launch 48-hour strike at Virgin Hotels casino near Las Vegas Strip
About 700 workers have walked off the job at a hotel-casino near the Las Vegas Strip in what union organizers say will be a 48-hour strike after spending months trying to reach a deal for new five-year contract with Virgin Hotels
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Stock market today: Wall Street coasts to the finish line of another winning week
U.S. stocks coasted to the close of another winning week with a quiet, mixed finish
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Money News
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Bank of England edges closer to rate cut, possibly in June, as it predicts below-target inflation
The Bank of England is keeping its main U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on the cards as soon as June as inflation is forecast to fall below target
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A timeline of the collapse at FTX
FTX, once among the largest cryptocurrency exchanges in the world, said this week that nearly all of its customers will receive the money back that they are owed, two years after its monumental collapse
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FTX will return money to most customers less than 2 years after catastrophic crypto collapse
FTX says that nearly all of its customers will receive the money back that they are owed, two years after the cryptocurrency exchange imploded, and some will get more than that
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