WASHINGTON (AP) — The Federal Reserve’s preferred inflation gauge mostly held steady last month despite President Donald Trump’s broad-based tariffs, but a measure of underlying inflation increased. Prices rose 2.6% in July compared with a year ago, the Commerce Department said Friday, the same annual increase as in June. The figures illustrate why many officials…… MORE
Parcels Worth Under $800 No Longer Qualify for a US Tariff Exemption
NEW YORK (AP) — Low-value imports no longer are eligible to enter the U.S. duty-free. An order signed by President Donald Trump eliminated a widely used customs exemption for international shipments worth $800 or less as of 12:01 a.m. Eastern time on Friday. The national postal services of more than 30 countries have temporarily suspended…… MORE
More Companies Pull Thousands of Packages of Shrimp for Potential Radioactive Contamination
More companies are recalling tens of thousands of packages of imported shrimp that may contain radioactive contamination. AquaStar USA Corp of Seattle is recalling packages of refrigerated cocktail shrimp sold at Walmart and medium peeled, tail-off shrimp sold at Kroger and other stores. H&N Group, a California seafood distributor, is recalling frozen shrimp sold to…… MORE
Western States Seek to End Long-running Water Dispute Over Dwindling Rio Grande
ALBUQUERQUE, N.M. (AP) — A feud over management of one of North America’s longest rivers has been simmering in the courts for years. It reached a boil when the U.S. Supreme Court sent western states and the federal government back to the negotiating table. The battle over the Rio Grande may be nearing a resolution…… MORE
Spirit Airlines Files for Bankruptcy Again but Vows to Keep Flying
Spirit Airlines has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The budget carrier said on Friday that it would continue operating as normal during the voluntary restructuring, and customers still can book trips and use tickets. Spirit’s parent company recently expressed “substantial doubt” about its financial future, citing weak…… MORE