Trump tariffs go into effect on steel and aluminum
President Trump raises tariffs to 25 percent on all steel and aluminum imports and ends exemptions. He vows to reclaim wealth allegedly stolen by foreign governments, warning of a widening trade war that unsettles markets and prompts European and Canadian retaliation. EU countermeasures total 26 billion euros and take effect April 1 while possible further duties loom on additional sectors.
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Wall Street recovers amid inflation lift and Trump trade war
U S stock indexes rose on a day of volatility as inflation data eased concerns. The S&P 500 gained 0.5 percent while the Dow fell 0.2 percent and the Nasdaq rose 1.2 percent. Nvidia led AI stocks higher as Biden tariffs and Trump trade tensions continued to unsettle markets.
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House GOP embraces DOGE cuts and government downsizing
Republicans in the House rally behind a scaled back federal funding plan, led by Speaker Mike Johnson, aided by Trump and Elon Musk styled cuts. The move risks a potential shutdown as the bill moves to a Democratic Senate facing tough choices and a looming Friday deadline.
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Record high egg prices as flu hits supply in February
February’s CPI shows a dozen Grade A eggs averaging 5.90 in U.S. cities, up 10.4 percent year over year, following January’s peak. Avian flu slaughters over 166 million birds this year, with 30 million egg layers killed since January, signaling a third Easter season of sticker shock.
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Market In Review stock Market Indexes Indi
The Market In Review summarizes stock market indexes with focus on key gains and losses across major sectors. Analysts note early gains but warn of volatility as investors digest earnings and economic data. Investors monitor technology and energy shares for direction.
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