(Matt Rourke/AP/File) WASHINGTON — U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump’s trade wars. Hiring fell from a revised 147,000 in April, the Department of Labor said June 6. The job gains last month were slightly higher than the 130,000 economists had forecast. But ...more
Shoppers browse shirts at a clothing store in Atlanta. (Dustin Chambers/Bloomberg News) Business expect to pass through roughly half of tariff-related expenses to U.S. consumers still reeling from the pandemic-era inflation surge, according to a new survey from the Federal Reserve Bank of Atlanta. The findings show that many businesses anticipate they’ll need to take ...more
New parked Tesla electric vehicles at a showroom in Marseille, France, on Feb. 6. (Jeremy Suyker/Bloomberg News) Wall Street is reining in expectations for Tesla Inc. deliveries as the Elon Musk-run automaker struggles with waning consumer demand and the threat of reduced U.S. federal incentives for electric vehicles. Analysts at Oppenheimer on June 6 cut ...more
A Walmart store in Texas. A large grocery business and reputation for low prices have helped the world’s largest retailer boost sales and attract higher-income shoppers. (Shelby Tauber/Bloomberg News) Walmart Inc. said shoppers are still spending about the same as they did a year or two ago, with a focus on food and essentials over ...more
“I’m honored to return and lead the company I founded during this pivotal time,” Moscrip said in a statement. (Truckstop) Truckstop founder Scott Moscrip has returned as interim CEO after the sudden departure of Kendra Tucker. The move returns the longtime freight technology executive to the company he founded in 1995, as Truckstop navigates what ...more
“I’m honored to return and lead the company I founded during this pivotal time,” Moscrip said in a statement. (Truckstop) Truckstop founder Scott Moscrip has returned as interim CEO after the sudden departure of Kendra Tucker. The move brings the longtime freight technology executive back to the company he founded in 1995, as Truckstop undergoes ...more
Cars wait to load onto the Coho ferry, departing for the U.S., in Victoria, British Columbia, on March 20, 2025. (James Macdonald/Bloomberg News) Most Canadians say they plan to shun U.S. travel this summer as the trade war between the two countries continues, according to a poll by Leger Marketing. Only 10% of Canadians plan ...more
A worker assembles an SUV at a car plant of Li Auto, a major Chinese EV maker, in Changzhou in eastern China's Jiangsu province. (Chinatopix Via AP, File) President Donald Trump said U.S. and Chinese negotiators will resume trade talks on June 9 in London, as the world’s two largest economies look to resolve a ...more
Trump's move is hurting discount Chinese marketplaces such as Temu and Shein. (Raul Ariano/Bloomberg) A court fight over President Donald Trump’s decision to end a U.S. policy that exempted small-value packages from China from tariffs is moving ahead over the administration’s opposition. A federal judge on June 5 denied the U.S. Justice Department’s request to ...more
A new suspect has been named in the investigation into an attack at an Arizona rest stop that left a truck driver with severe brain injuries. Detectives from the Cochise County Sheriff’s Office have identified a new suspect in the assault of a truck driver at the rest area near San Simon, Arizona. The victim, ...more
