Travel technology company Expedia Group says reduced travel demand in the United States led to its weaker-than-expected revenue in the first quarter. The company said on Friday that bookings to the U.S. from Canada were down nearly 30%. Expedia was the latest American company to report slowing business with both international visitors and domestic travelers.…… MORE
GENEVA (AP) — The U.S. Treasury Secretary and America’s top trade negotiator will meet with high-ranking Chinese officials in Switzerland this weekend to de-escalate a dispute that threatens to cut off trade between the world’s two biggest economies and damage the global economy. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson will meet in…… MORE
WASHINGTON (AP) — A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump’s tariffs has caused some businesses to cut back on hiring and spending, threatening to slow the economy, but he added that it’s not yet clear whether the central bank should cut its key interest rate. Tom Barkin,…… MORE
A former CEO of the nation’s largest waste management company who currently serves on the FedEx board of directors will take over control of the U.S. Postal Service. The chair of the service’s Board of Governors announced Friday that David Steiner will become the nation’s 76th postmaster general, pending his successful completion of ethics and…… MORE
NEW YORK (AP) — U.S. stocks drifted to a mixed finish as Wall Street and other financial markets wait for a highly anticipated meeting on Saturday between China and the United States on trade. The S&P 500 slipped 0.1% Friday to finish the week with a modest dip of 0.5%. The Dow Jones Industrial Average…… MORE