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An ad campaign featuring Sydney Sweeney and created by American Eagle has sparked public debate. The ad, which plays on the word "genes," received backlash for alleged connections to eugenics and its perceived sexualization of women. Despite criticisms, the campaign aims to raise awareness about domestic violence, with all proceeds from the jeans being donated to charity.
Key Facts
Sydney Sweeney appeared in an American Eagle ad campaign.
The ad uses a wordplay on "genes" and "jeans."
Viewers criticized the ad for perceived links to eugenics.
Some found the ad overly sexualized, especially since it relates to domestic violence awareness.
100% of the jean sales are donated to the Crisis Text Line.
The ad was removed from American Eagle's social media following backlash.
The campaign caused discussions similar to a controversial ad from the 1980s involving Brooke Shields.
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The U.S. administration released a list of new tariffs affecting about 70 countries, which will take effect next Thursday. Investors are trying to figure out which industries will benefit or suffer from these tariffs. Financials and Big Tech are among those expected to benefit, while consumer staples and energy may be negatively impacted.
Key Facts
New tariffs will start next Thursday and impact around 70 countries.
The stock market is performing well, but the tariffs are expected to affect certain industries differently.
Financials, Big Tech, utilities, and communications sectors are likely to benefit from the changes.
Consumer staples, energy, real estate, and health care sectors might face challenges.
Consumer discretionary and industrial sectors show mixed responses; luxury brands are doing well, while discount retailers might struggle.
Big Tech companies are investing more in AI, which could continue to drive their growth.
Copper tariffs were less severe than expected, causing copper prices to drop significantly.
Investors need to understand the broader goals of the trade policies to make informed decisions.
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Stocks in the United States fell, and bond yields dropped due to lower-than-expected job growth and news about upcoming tariffs. The U.S. government reported that fewer new jobs were created in July, leading investors to believe that interest rates might be cut to support the economy. President Trump announced new tariffs, now set to begin on August 7, affecting countries without trade deals with the U.S.
Key Facts
The U.S. reported only 73,000 new jobs in July, which is less than expected.
The Labor Department reduced previous job estimates for May and June by 258,000.
The decline in job growth led to a sharp fall in bond yields; the 10-year Treasury yield dropped to 4.24%.
Investors are anticipating an interest rate cut by the Federal Reserve in September.
There is now an 80% chance of a quarter-point rate cut by the Fed, according to market predictions.
New tariffs on imports will start on August 7 for countries without a trade agreement with the U.S.
The S&P 500 index fell by 1.5%, the Dow Jones dropped 599 points, and the Nasdaq composite decreased by 2%.
Apple’s stock rose by 0.3% after a positive earnings report.
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Stock markets fell sharply after President Trump announced new global tariffs on many countries. Meanwhile, the U.S. reported fewer new jobs than expected for July.
Key Facts
President Trump announced new tariffs on various countries.
Stock markets opened lower due to the tariff announcement.
The Dow Jones Industrial Average dropped over 400 points, about 1%.
Both the S&P 500 and Nasdaq fell more than 1%.
U.S. jobs report showed only 73,000 jobs added in July, below expectations.
Stock market and job data were key reasons for investors' concerns.
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President Trump adjusted his tariff strategy by removing many of the previously planned highest tariffs. New tariffs range from 10% to 15% depending on the trade relationship of each country with the U.S. Some countries experience higher rates, while others benefit from reduced rates.
Key Facts
Trump revised his tariff plans, reducing many of the highest tariffs.
New tariffs are set at 10% for countries with a trade surplus and 15% for those with a trade deal or modest deficit.
Countries not on the tariff list will receive a baseline rate.
Canada saw its tariff rate increase to 35%, but goods under the USMCA deal are exempt.
Mexico received a 90-day extension to renegotiate terms.
A legal case is questioning the President's authority to impose such tariffs.
Markets reacted calmly, but there are concerns about long-term economic impacts.
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The U.S. job market weakened in late spring and early summer, partly due to tariffs introduced by President Trump. Employers added fewer jobs than expected, with manufacturing and federal government jobs declining.
Key Facts
The U.S. added 73,000 jobs in July, less than anticipated.
Previous job gains for May and June were downgraded significantly.
The unemployment rate increased to 4.2%.
Health care was one of the few sectors with strong job growth in July.
The federal government lost 12,000 jobs in July and about 84,000 since the start of the year.
Manufacturing jobs decreased by 11,000 in July, affected by tariff-related uncertainty.
Average wages in July were up 3.9% compared to the previous year, outpacing inflation.
The Federal Reserve kept interest rates steady, concerned about the economic impact of tariffs.
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The United States, under President Trump, introduced new tariffs of up to 41% on imports from various countries. Some countries managed to negotiate better terms, but others, like Canada and Switzerland, faced increased rates. The financial markets reacted with falls in some stock benchmarks, and the U.S. dollar weakened against the yen.
Key Facts
The U.S. set new tariff rates up to 41% on imports from many countries, with changes taking effect on August 7.
Some countries negotiated lower tariffs, while others struggled with increased rates due to missed negotiation deadlines.
Canada's tariff on goods exported to the U.S. rose to 35%, partly due to drug trafficking issues and trade deficits.
Switzerland faced a 39% tariff, up from the initially proposed 31%.
New Zealand and Australia tried to negotiate reduced tariffs, with New Zealand exports facing a 15% rate.
Financial markets showed a subdued reaction; Asian stocks fell, and the U.S. dollar weakened against the yen.
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The United States under President Trump has increased tariffs on Canadian imports to 35%, citing issues with drug flow across the border. However, the United States-Mexico-Canada Agreement (USMCA) will prevent many Canadian goods from facing these higher tariffs. The new tariffs also affect several other countries, with rates varying depending on the country.
Key Facts
President Trump raised the tariff on Canadian imports to 35%.
The new tariffs are partly in response to Canada allegedly not doing enough to stop drugs crossing into the US.
Most Canadian products are exempt from the new tariff due to the USMCA free trade agreement.
The tariff increase went from 25% to 35%, effective as of early Friday morning US time.
Additional tariffs apply to other countries, with some exceptions based on trade deals or ongoing talks.
Goods already shipped or in transit by specific dates avoid the new tariffs.
Tariffs range from 10% to 50% for imports from different countries.
Several Asian countries received high tariff rates, impacting major trading partners like India and Taiwan.
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President Trump's tariffs order, which introduced a 35% tariff on some Canadian goods, took effect after the deadline for trade deals with the U.S. passed. While Mexico reached an agreement before the deadline, Canada faces these higher tariffs. An appeals court is evaluating the legality of these tariffs as talks with other countries like the EU, UK, and Japan continue.
Key Facts
A 35% tariff on some Canadian goods imported to the U.S. started after a trade deadline passed.
Most other tariffs will begin on August 7.
Mexico secured a deal to extend trade terms with the U.S. before the deadline.
An appeals court is reviewing whether these tariffs are legal.
Canadian Prime Minister Mark Carney expected trade talks to continue but faced issues due to political statements and drug trafficking concerns.
The U.S.-Mexico-Canada Agreement (USMCA) is not affected by the new tariffs.
Trump announced that most countries will have a 10% tariff, with Canada facing higher rates.
Trade deals with the EU, UK, and Japan were made before the deadline.
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The article discusses how new tariffs might affect Lansing, Michigan, where two General Motors plants are located. NPR's Steve Inskeep interviews Mayor Andy Schor to understand the potential economic impacts on the town.
Key Facts
Lansing, Michigan, is home to two General Motors plants.
New tariffs may impact the local economy in Lansing.
Mayor Andy Schor is concerned about these potential effects.
NPR's Steve Inskeep interviews Mayor Schor about the situation.
The discussion is focused on how tariffs might affect jobs and businesses in Lansing.
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U.S. Steel, an American company, was sold to Nippon Steel in Japan. President Trump, who initially opposed the sale, has now approved it. The deal gives him significant influence over U.S. Steel's future decisions.
Key Facts
U.S. Steel is an American steel company.
The company was sold to Nippon Steel, which is based in Japan.
The sale had been planned for several years.
President Trump initially did not support the sale during his campaign.
He has now approved the sale, allowing it to go through.
The agreement includes a special condition called a "golden share."
A "golden share" gives President Trump more control over U.S. Steel's future than usual.
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U.S. President Donald Trump introduced new tariffs on products from various countries. These tariffs vary by country, with different rates applied to goods imported from regions such as Africa, Asia Pacific, Europe, the Middle East, and the Americas.
Key Facts
President Trump issued an executive order adjusting tariff rates on imports from numerous countries.
In Africa, countries like Algeria and Libya face a 30% tariff, while others are set at 15%.
Several Asia Pacific nations, including Bangladesh and Taiwan, face tariffs ranging from 15% to 40%.
European countries, including the EU, face tariffs mostly set at 15%, with Serbia and Switzerland having higher rates at 35% and 39%, respectively.
Middle Eastern countries like Iraq face adjustments with a 35% rate, while others are set at 15% or higher.
In the Americas, Canada faces a tariff rate of 35%, and Brazil has a 10% tariff on its goods.
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Heathrow Airport plans to expand by adding a third runway and modernizing its facilities, costing £49 billion. The expansion aims to increase flight and passenger capacity and improve connectivity, but it faces opposition due to environmental concerns. The project is expected to be funded by private finance and supported by the UK government.
Key Facts
Heathrow Airport plans to spend £49 billion on expansion and modernization.
The expansion includes a new third runway, called the "North-Western Runway."
The airport aims to increase capacity to 756,000 flights and 150 million passengers a year.
A new terminal, T5X, and several new satellite terminals are planned.
The expansion requires changing local infrastructure, including the M25 motorway.
The UK government supports the project, seeing economic benefits from increased connectivity.
Environmental groups and some politicians oppose the plan due to concerns about noise, air pollution, and climate change.
The project claims to align with the aviation industry's net-zero emissions target by 2050.
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President Trump's announcement of high tariffs affected many Southeast Asian countries that rely on exports, leading them to negotiate deals to lower these tariffs. Thailand and other countries like Vietnam were able to secure agreements to reduce the tariffs, although the specifics of these deals remain unclear. The negotiation process involved many challenges, including political tensions and past grievances.
Key Facts
President Trump announced high tariffs on Southeast Asian countries, with rates as high as 49%.
Thailand faced a specific tariff rate of 36% before negotiating it down to 19%.
Vietnam negotiated a deal to reduce its tariff from 46% to 20%.
Southeast Asian countries collectively exported goods worth $477 billion to the US in 2024.
Vietnam is heavily reliant on the US market, with exports making up about 30% of its GDP.
Political issues, such as the return of Uyghur asylum-seekers to China by Thailand, affected negotiations.
Thailand's government structure and political tensions made negotiations challenging compared to Vietnam's quicker decision-making process.
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President Trump stated that imports from most countries will have a 10% tariff starting Friday. This rate remains the same as the one set in April and will not increase as previously suggested.
Key Facts
A 10% tariff will apply to imports from most countries starting Friday.
President Trump had considered increasing this rate but decided to keep it at 10%.
The 10% rate was first set in April during a "Liberation Day" event.
Besides these global tariffs, higher tariffs were proposed for certain countries but were initially paused.
These additional tariffs are mostly set to resume on Friday.
The tariffs are part of broader trade policies and ongoing trade negotiations.
This announcement is considered breaking news, and further updates may follow.
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The UK's Supreme Court is set to make a decision that could allow many people to claim compensation for mis-sold car finance deals. The issue involves hidden commission payments to car dealers, which were previously ruled unlawful. This decision could significantly impact lenders and customers within the car finance sector.
Key Facts
The Supreme Court will decide on the legality of hidden commissions given to car dealers.
If the ruling supports compensation, millions who bought cars on finance may be eligible for claims.
Around 90% of new cars in the UK are purchased through finance agreements.
Major lenders have set aside large funds in anticipation of potential payouts.
UK car finance is a major lending area, second only to mortgages.
Discretionary commission arrangements (DCAs), offering higher commissions for higher interest rates, were banned in 2021.
The Financial Conduct Authority may establish a central compensation scheme for affected buyers.
The Supreme Court is reviewing three test cases that challenge these commission arrangements.
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The United States introduced new tariffs on August 1, affecting several countries with levies ranging from 15% to 50%. In response, some countries reached agreements with the US to modify tariffs and increase trade in certain sectors. The tariffs are expected to impact industries such as automaking, airlines, and consumer goods due to higher costs.
Key Facts
New US tariffs took effect on August 1, with rates between 15% and 50%.
The US struck trade deals with the EU, Japan, Indonesia, the UK, and China to adjust tariffs and boost trade.
The EU agreed to buy $750 billion in US energy and reduce tariffs on steel and autos.
Japan plans to invest $550 billion in US sectors like semiconductors and AI.
The UK adjusted quotas for beef and ethanol in exchange for benefits in aerospace and auto exports.
China's tariffs were reduced from 145% to 10%, with a 20% tariff for fentanyl trafficking.
Automakers, airlines, and consumer goods sectors are expected to be heavily impacted by the tariffs.
Higher import prices have begun to affect the cost of goods, potentially impacting economic growth.
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President Donald Trump signed an order to impose new tariffs on many countries, effective August 7. These tariffs aim to address trade imbalances and follow recent negotiations with various nations. A notable outcome includes a negotiation with Mexico to delay increased tariffs with a new 90-day discussion period.
Key Facts
Trump signed an executive order to set new tariffs effective August 7.
The new tariffs impact 68 countries plus the European Union, with a 10% baseline rate for unspecified nations.
Lesotho faces a 15% tariff instead of the initially threatened 50%.
Tariff rates include 20% for Taiwan and 19% for Pakistan.
A 90-day negotiating period was agreed upon with Mexico, maintaining the current 25% tariff.
Trump negotiated deals with the EU, Japan, South Korea, Indonesia, and the Philippines.
The new order aims to address trade imbalance and create favorable trade deals for the U.S.
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The Federal Communications Commission (FCC) approved a merger between Paramount and Skydance after reaching agreements. The vote was 2-1 in favor, and both companies made concessions for the deal to go through.
Key Facts
The FCC allowed Paramount to merge with Skydance.
The merger decision involved a 2-1 vote by the FCC.
Paramount reached a settlement with former President Trump.
Skydance agreed to make other concessions as part of the deal.
FCC Chairman Brendan Carr voted in favor of the merger.
The merger involves major media companies, CBS and a Hollywood studio.
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Coca-Cola will offer its soda with cane sugar instead of high-fructose corn syrup in the U.S. This change aligns with a health initiative supported by the White House. President Trump mentioned his involvement in the change on social media.
Key Facts
Coca-Cola will start selling soda sweetened with cane sugar.
This change will occur in the U.S. in the fall.
The current sweetener is high-fructose corn syrup.
The White House views this as a positive step for health.
President Trump posted about discussing the change with Coca-Cola.
The initiative is part of "Make America Healthy Again."
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