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MD, states sue to challenge Trump’s latest tariffs
A group of 25 states, including Maryland, sued the Trump administration, over its latest round of tariffs on goods from 60 trading partners.
Consumer inflation moderates; upside risks remain amid renewed Middle East conflict
U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase off the table.
Businesses brace for years of inflation as new costs pile up
American businesses are increasingly convinced that higher inflation is here to stay. Instead of fading, the forces pushing prices higher are multiplying.
Fed report cites ‘stepped-up’ inflation due to tariffs, Iran war, AI buildout
U.S. inflation "stepped up further this spring" as the evolving impact of tariffs, a war-related rise in energy costs, and the booming AI buildout boosted price pressures, the Federal Reserve said.
MD among states opposing Trump plan to impose tariffs over forced labor concerns
A group of states, including Maryland, opposed the Trump administration’s proposed tariffs of up to 12.5% on 59 countries and the European Union.
Supreme Court expanded Trump’s power but was unwilling to go as far as he wanted
The Supreme Court expanded President Donald Trump’s executive authority while limiting his power on trade barriers and immigration policies this term.
Supreme Court rejects Trump’s unprecedented bid to fire Fed’s Cook
The U.S. Supreme Court stood firm against an unprecedented challenge from Donald Trump, refusing to let him fire Federal Reserve Governor Lisa Cook.
MD-based McCormick tops Q2 profit estimates on higher pricing
Maryland-based Cholula hot sauce maker McCormick handily beat Wall Street estimates for second-quarter profit.
Job openings rise by most in 2 years; hiring weak amid economic uncertainty
U.S. job openings increased by the most in two years in April, but the surge likely overstates the labor market's health.
Silver Spring small business welcomes tariff relief, but obstacles remain
For small businesses like Princess Awesome in Silver Spring, tariff refunds won't make up for a decline in sales and lost customers.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
Nike sued by consumers for not refunding tariff costs
Nike was sued by consumers who accused it of not refunding tariff-related costs it passed on in the form of higher prices.
