Elon Musk also said the informal government department could run through to the end of Trump's term in 2028, two years longer than initially expected.
2 min read
Major companies are lowering or scrapping their earnings forecasts amid uncertainty from tariffs.
7 min read
Kathryn Anderson became a mystery shopper and it changed the way she traveled, dined, and shopped. Mystery shoppers are paid for detailed reviews.
4 min read
Any single one of these key consumer economy indicators would be noteworthy — all of them together is raising alarms.
5 min read
"That will work now," Sen. Thom Tillis said of Trump blaming Biden for the stock market. "It won't work six months from now."
3 min read
If Americans want to avoid higher prices from Trump's tariffs, they may want to leave consumerism behind and embrace the right to repair their stuff.
12 min read
Inside the shady new industry marketing 'college alternatives' to Gen Z
15 min read
"I think I understand interest a lot better than him because I've had to really use interest rates," Trump said of Powell.
3 min read
President Trump on Wednesday dismissed concerns about bare store shelves as he spoke about his trade approach with China.
2 min read
For Trump's most faithful in Michigan, immigration is the key issue.
7 min read
CEOs have been grilled on tariffs and their impact on business and consumers' wallets in recent earnings calls and interviews. Here's their answers.
7 min read
President Donald Trump is defending his economic policies while urging Americans to "be patient" amid the tumult of markets and the overall economy.
2 min read
Amid tariff announcements and economic uncertainty, real GDP unexpectedly fell at an annualized rate of 0.3% in the year's first quarter.
4 min read
Adidas warns that Trump's tariffs will lead to an increase in sneaker prices in the US as it relies on imports, affecting its business outlook.
2 min read
If warnings about the impact of tariffs on the US economy come true, ad spending will crater. But it hasn't so far, Smartly CEO Laura Desmond says.
6 min read
Assumable mortgages offer a rare win-win in real estate, helping buyers get cheaper monthly payments and sellers score higher prices on their homes.
12 min read
Parents told BI how they afford food for their families — through a combination of food bank hauls, cheap grocery trips, and government assistance.
6 min read
"Well, they did sign up for it, actually. And this is what I campaigned on," Trump said of the "reciprocal" tariffs he imposed.
2 min read
Target made its first-ever donation to a presidential inauguration this year by contributing $1 million to President Trump's 2025 Inaugural Committee.
3 min read
Temu is using warehouses in the US to avoid those nasty import fees. I placed a new order. Maybe my love affair with cheap junk isn't over just yet.
4 min read
Three countries rank higher than California in GDP: the United States, China, and Germany.
2 min read
Regional Fed surveys have shown manufacturing activity in disarray as firms deal with tariff uncertainty and rising prices.
3 min read
A Business Insider reporter saw firsthand during a recent Costco shopping trip how much the US relies on global trade.
6 min read
BI examined sentiment data, markets chaos, and interviews with small business owners, consumers, and economists. They point toward one thing.
6 min read
Ray Dalio warns that Trump's tariffs are pushing the global order to the brink, forcing companies to prepare for long-term decoupling from the US.
3 min read
UPS said it would cut 20,000 jobs in 2025 amid cost-cutting and facility closures, responding to soft demand and aiming to strengthen operations.
2 min read
The CBC projected on Monday night that the Liberal Party will form the next government and give Prime Minister Mark Carney a full term.
4 min read
Tuesday marks Donald Trump's 100th day as president. BI examined how Americans feel about the economy, stocks, inflation, and tariffs.
7 min read
The dollar has plunged to its lowest level in years recently, but that could be a boon for US corporate earnings, Morgan Stanley's Mike Wilson said.
2 min read
A massive power outage hit Spain, Portugal, and parts of France on April 28, affecting millions of people.
Trump's tariffs announcement has companies scrambling as their costs increase. Here's which companies have hinted at raising prices.
8 min read
Trump's funding cuts at universities are jeopardizing his "America First" mission. The US, a leader in Nobel Prizes, could start to slip.
8 min read
The ripple effects of Trump's tariffs could lead to "empty shelves" by the end of May, Apollo's Torsten Slok said.
3 min read
DHL temporarily suspended shipments worth over $800 from other countries to US consumers earlier this month following new customs rules.
1 min read
US shoppers will likely start feeling the tariffs' effects in "the last couple weeks of May," Gary Cohn told CBS's "Face the Nation."
3 min read
Exclusive
Acting commissioner Leland Dudek helms the nearly 60,000-person federal agency. Frank Bisignano, a former JPMorgan Chase and Citigroup executive, waits in the wings.
10 min read
Gen Z is intentionally delaying major milestones of adult life like buying a home, working, dating, getting married, and even drinking.
13 min read
Stagflation is a recession with a combination of high inflation and high unemployment. This economic worst-case scenario is becoming more real.
9 min read
Ryan Petersen said a lot of what Americans buy from China is "discretionary spend" — optional items that can be replaced if they become expensive.
3 min read
A former Uber delivery and ride-hailing driver says the app has an addictive quality that can distract gig workers from actually making money.
4 min read
A series of new polls have found that while Americans elected Trump to bolster the economy, they think he's so far only made it worse.
3 min read
Scott Bessent told ABC News on Sunday that some of the countries looking to negotiate with Trump should curb their "non-tariff trade barriers."
2 min read
In this Sunday edition of BI Today, we're talking about gold's hot streak, private-equity recruiting, and frozen pizza.
6 min read
President Donald Trump is under pressure to deliver trade deals before the 90-day tariff pause ends and rattles the market again.
5 min read
Elon Musk said he's stepping back from his DOGE role to focus on Tesla. That doesn't mean the DOGE-fueled federal worker firings will stop.
5 min read
Bill Ackman, the CEO of Pershing Square, said tariffs should come down to "more reasonable levels — say 10% to 20% — as quickly as possible."
2 min read
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