WASHINGTON (AP) — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb by this summer. Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March…… MORE
Microsoft began laying off about 6,000 workers Tuesday, nearly 3% of its entire workforce and its largest job cuts in more than two years as the company spends heavily on artificial intelligence. Hard hit was the tech giant’s home state of Washington, where Microsoft informed state officials it was cutting 1,985 workers tied to its…… MORE
WASHINGTON (AP) — President Donald Trump declared a national emergency to slap import taxes — tariffs — on almost every country on earth. The president is now facing at least seven lawsuits that argue he’s gone too far, and asserted power he does not have. The first of the legal challenges went to court Tuesday…… MORE
NEW YORK (AP) — Federal safety regulators have asked Elon Musk’s car company to explain how its driverless taxis will avoid causing accidents when they hit the road in Texas next month before a national “robo taxi” launch that is key to keeping Tesla’s stock price aloft. The National Highway Traffic Safety Administration told Tesla…… MORE
UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the health care giant says it’s suspending its full-year forecast due to higher-than-expected medical costs. UnitedHealth said Tuesday that Stephen Hemsley will become CEO, effective immediately. Hemsley served as company CEO from 2006 to 2017. He will remain chairman of…… MORE