Bond yields are spiking after the latest consumer inflation report, further hobbling Donald Trump’s goal to make life more affordable ahead of a pivotal midterm vote. The yield on the 10-year US Treasury, which influences everything from mortgages to car loans to business loans, saw a sharp spike on Wednesday as investors take in a
Ananya Joshi loved her life in Chicago. After moving from India for a master’s degree in biotechnology at Northwestern University, she landed a $75,000-a-year job as a scientist at a lab-grown meat startup in 2024. She was doing research, living in an affordable apartment in a suburb, and road-tripping with friends on weekends. But her
The US-Canada trade war is coming for your charcuterie board (and much much more). Without a last-minute change, Canada is set to implement a slew of new tariffs on imports from the US at 12:01am eastern on Tuesday morning. They include a 25% levy on cheese, a 50% tariff on honey, and a 50% charge
Americans have been paying some of the highest prices for gas in years since the US attacked Iran in February. That war shows no signs of cooling off anytime soon. The US and Iran traded multiple strikes on each other’s oil tankers over the weekend. US Department of Energy Secretary Chris Wright, however, said, while
Canada is preparing to impose retaliatory tariffs on US imports as high as 50%. On Tuesday morning, Canadian officials outlined Ottawa’s response to a growing trade war with the US after talks between North America’s two largest economies broke down. The targeted list of roughly 700 products ranges from steel and aluminum to all types
The Trump administration is banning the import of new foreign-made humanoid robots, robot dogs and energy inverters, citing an “unacceptable” threat to national security. The measure largely affects imports from China, which currently has the vast majority of global market share. The US Federal Communications Commission (FCC) announced the ban on Tuesday, stating that foreign-made
