WASHINGTON (AP) — President Donald Trump has announced a trade framework with Japan, placing a 15% tax on goods imported from that nation. Trump posted on Truth Social that “This Deal will create Hundreds of Thousands of Jobs.” The 15% tax is a meaningful drop from the 25% rate that Trump, in a recent letter…… MORE
LOS ANGELES (AP) — Dr. Patrick Soon-Shiong, the billionaire owner of the Los Angeles Times since 2018, says he intends to take the newspaper public in the coming year. During an interview on Monday’s “The Daily Show With Jon Stewart,” Soon-Shiong said the move would allow the Times “to be democratized and allow the public…… MORE
NEW YORK (AP) — Investors are again turning to meme stocks in the hopes of scoring quick gains. The latest meme stocks are Kohl’s and Opendoor Technologies, two companies with struggling businesses. Kohl’s shares have surged nearly 50% this week even though the company has endured weak sales and frequent leadership changes. The department store…… MORE
WASHINGTON (AP) — New research finds that more Americans are shifting their money from checking and savings accounts into financial vehicles that pay an investment income. The trend helps to explain the resilience of the U.S. economy after a bout of high inflation and recent uncertainty due to tariffs. The analysis by the JPMorganChase Institute…… MORE
WASHINGTON (AP) — Open AI CEO Sam Altman warns of a looming fraud crisis in the financial industry due to AI’s ability to mimic voices. Speaking at a Federal Reserve conference on Tuesday, Altman criticized financial institutions still using voiceprints for authentication. He called this practice outdated, as AI can now create voice clones that…… MORE