News

Pressure on immediate-term cash flows has eased somewhat, but planning for the future is as murky as ever.

Referring to yesterday’s inflation report and calling the Fed chair “Too Late Powell,” the president said on social media that waiting to understand tariffs’ effect on prices is “not fair to America.”

Muted U.S. inflation suggests companies are feeling little urgency so far to pass along the cost of tariffs to consumers.

For three months, U.S. imports from China will face a 30% tariff, while U.S. exports to China will bear a 10% levy.

Representing 16,000 employees, a former participant in the retirement plan filed a class-action lawsuit, alleging the plan’s target-date funds from American Century Investments should have been replaced.

Unit labor costs—what businesses pay employees to produce one unit of output—jumped 5.7 percent in the January-to-March period, the most in a year.