News for May 2, 2025

Australians are voting in a national election, and Donald Trump’s trade and foreign policy is shaping the race between Anthony Albanese and Peter Dutton.

President Donald Trump said the U.S. would be “OK” in the long term even if it faces a short-term recession, as worries grow over the economic impact of his tariff policy.

NBC Select says tariffs are likely to push up prices soon, so shoppers may want to buy big-ticket goods from companies like Walmart, Apple, and Nintendo before costs rise further.

Stocks rose after April U.S. jobs data showed hiring stayed solid, easing recession fears even as President Donald Trump’s tariff policy continues to cloud the outlook.

Ford, Hyundai and Kia reported big April U.S. sales gains as buyers rushed to beat possible tariff-driven price hikes, but automakers warn the surge may fade.

Apollo Global Management says the market turmoil after Trump’s tariff move gave it a chance to buy a large amount of assets, especially bonds, at attractive prices.

President Donald Trump’s end to a long-running duty-free loophole is set to make many low-cost goods from China more expensive for U.S. shoppers.

Democratic senators want an investigation into whether Elon Musk used his White House role to help SpaceX’s Starlink win foreign business deals.

President Donald Trump’s tariffs are hitting Chinese exporters hard, and one Guangzhou businessman says the trade fight is punishing China for being good at making low-cost goods.

The Trump White House is planning to make President Donald Trump the center of its 2026 midterm strategy, hoping his energy and endorsements can offset weak poll numbers and help Republicans hold Congress.

The U.S. labor market added more jobs than expected in April, but the report showed signs that President Donald Trump’s tariff-driven uncertainty may be starting to slow hiring.

Donald Trump’s return to power and his tariffs are hurting Australia’s conservatives and could help Prime Minister Anthony Albanese win the election.