Business

Tariffs help rebuild the middle class, reducing the need for handouts and cutting the left’s excuses for expanding government programs. Isn’t that what conservatives want?

Earlier this week, Sen. Rand Paul (R-Ky.) launched a short-lived attempt to block President Trump’s new tariffs. Fortunately, in this case, he lost. Vice President JD Vance cast the tie-breaking vote.

About a month ago, with Tesla’s TSLA -0.58%decrease; red down pointing triangle stock sinking and some investors irritated about Elon Musk’s White House focus, Tesla’s board got serious about looking for Musk’s successor.

Board members reached out to several executive search firms to work on a formal process for finding Tesla’s next chief executive, according to people familiar with the discussions. 

Tensions had been mounting at the company. Sales and profits were deteriorating rapidly. Musk was spending much of his time in Washington.

Elon Musk on Thursday blasted The Wall Street Journal over a report that Tesla’s board of directors is looking to recruit a new chief executive to replace the billionaire in the top job.

The Journal on Wednesday reported that “about a month ago” Tesla’s board started reaching out to recruiting firms to formalize a process to find a new CEO. The company continues to face massive challenges as evidenced by its disastrous first-quarter earnings.

Tesla and Elon Musk are pushing back against a report claiming the company’s board launched a search for a successor to the mercurial CEO last month as he spent time away from the company leading President Trump’s Department of Government Efficiency.

The Wall Street Journal reported late Wednesday that the board had reached out to executive search firms to initiate a formal process to identify potential replacements for Musk as the electric car maker grapples with slowing sales, shrinking profits and a bruising year on the stock market.

With his sweeping tariff and trade policies, President Trump envisions a U.S. manufacturing renaissance that will bring back good-paying, working-class jobs to America's auto industry.

But advances in AI and other technologies paint a different picture of the future: Armies of robots — some in human form — doing difficult or repetitive tasks once done by people, who instead put their brains to work in different ways.

The White House said Amazon was engaging in a “hostile and political act” with plans to display how much President Trump’s tariffs will add to a product’s price next to the item’s total price.

Jeff Bezos’ company will reportedly start listing the price change from tariffs.

“This is a hostile and political act by Amazon. Why didn’t Amazon do this when the Biden administration hiked inflation to the highest level in 40 years?” said White House press secretary Karoline Leavitt.

President Trump’s ambitions to grow U.S. manufacturing, win the AI race with China and unleash fossil fuels will require massive amounts of power. Nathan Ough says he can help.

VoltaGrid, the $4 billion startup he co-founded in Houston, assembles modular, gas-fired power plants in a matter of months. It offers a shortcut to data centers and oil frackers that find there isn’t enough capacity on the electric grid for their expanding needs and has become one of the U.S.’s fastest-growing power companies.

A growing number of Americans are using buy now, pay later loans to buy groceries, and more people are paying those bills late, according to new Lending Tree data released Friday. 

The figures are the latest indicator that some consumers are cracking under the pressure of an uncertain economy and are having trouble affording essentials such as groceries as they contend with persistent inflation, high interest rates and concerns around tariffs. 

The official Trump store is now selling red "Trump 2028" hats for $50 amid repeated suggestions by President Donald Trump and his allies that he could run for a third term in 2028.

Newsweek has reached out to the Trump Organization on Thursday afternoon for comment.

The president has said in recent weeks that he is not joking about pursuing a third term.

When Matt Raboin founded his hard cider company in Wisconsin eight years ago, he wanted to buy American.

But he soon found out that his needs as a small, upstart cidery couldn’t be met by any existing American bottle makers because his orders were too small. Forced to look overseas, Raboin, like many American small business owners and consumers, found the best bang for his buck in China.