More from Simone Del Rosario
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How the Department of Education spent $268 billion last year
President Donald Trump signed an executive order that takes steps to dismantle the Department of Education on Thursday, March 20. The move culminates decades of efforts by Republicans to shut down the agency, and will take an act of Congress to permanently close it. Trump’s latest order builds on a promise he made on Inauguration… -
Trump fired 2 FTC commissioners. Dems say it’s illegal. What has SCOTUS said?
President Donald Trump fired Democratic FTC Commissioners Rebecca Kelly Slaughter and Alvaro Bedoya on Tuesday, March 19, saying their service with the regulator “is inconsistent with my administration’s priorities.” The FTC is tasked with enforcing consumer protection and antitrust laws. The five-member commission is designed to be bipartisan, with three commissioners from the president’s party… -
Federal Reserve makes rate cut decision as concerns grow about economy
The Federal Reserve opted not to cut its interest rate on Wednesday, March 19. The decision to extend the rate cut pause was widely expected, though cracks are starting to surface in the economy. The Fed’s decision leaves its benchmark interest rate between 4.25% and 4.5%, where it has been since the Fed’s last move… -
China pushes back on BlackRock Panama Canal deal lauded by Trump
China is pushing back against a business deal that would cede control of major Panama Canal ports to an American business. Control of the major trade route has been a point of contention for President Donald Trump since taking office. “China is operating the Panama Canal,” Trump said during his inaugural address in January. “And… -
Can Pepsi’s poppi purchase help it go younger as Americans drink less soda?
PepsiCo agreed to acquire prebiotic soda maker poppi in a deal valued at $1.65 billion. Pepsi’s foray into the prebiotic beverage market is part of a decades-old trend of snack food giants entering the world of healthier alternatives. As more Americans move away from Big Soda’s traditional brands, Big Soda is guzzling up its competition.… -
In an unsigned letter, Tesla warns Trump admin about tariffs hurting the company
Tesla CEO Elon Musk is one of President Donald Trump’s most public allies. But Musk’s clean energy and car company just wrote an unsigned letter to the administration warning about its exposure to retaliatory tariffs. In that letter to U.S. Trade Representative Jamieson Greer, Tesla said it is crucial that the White House’s efforts to… -
EU’s top diplomat says China is ‘laughing’ at US trade wars
The European Union’s foreign policy chief is suggesting that China could benefit from the trade tensions between the United States and its allies. Kaja Kallas made the comments Thursday, March 13, to Bloomberg at a meeting of G7 leaders in Canada. “There are no winners in trade wars,” Kallas said. “Who is laughing on the… -
Stock market dips as Trump threatens EU with 200% tariffs
President Donald Trump threatened a 200% tariff on specific products from the European Union on Thursday, March 13. The president’s latest salvo in his trade regime hit as policy uncertainty weighs on markets. Trump’s 200% threat would apply to alcohol imports coming from the EU, according to a Truth Social post. He said the EU… -
Commerce secretary: Tariff policies ‘worth it’ even if recession comes
U.S. Commerce Secretary Howard Lutnick said if the Trump administration’s policies lead to a short-term recession, it’s “worth it.” Lutnick’s latest comments come as the biggest banks in the nation say there is an increased chance of an economic downturn. “These policies are the most important thing America has ever had, so it is worth… -
Recent plane crashes cause fear of flying, airline ticket sales decrease
Increasing uncertainty over flight safety due to recent aviation incidents has begun to impact the airline industry’s bottom line. About 65% of Americans said they are more nervous about flying after recent incidents, a new survey by The Points Guy and the Harris Poll found. In January 2025, a deadly collision above Washington, D.C., involving… -
Inflation cools more than expected for Trump’s first full month as president
Inflation cooled more than expected during President Donald Trump’s first full month in office. In February, consumer prices rose 0.2% for the month after rising 0.5% in January, according to the latest data from the Bureau of Labor Statistics. Over the past 12 months, consumer prices increased 2.8% after a hotter-than-expected 3% rise in January.… -
Here’s why airlines think Americans will fly less than anticipated to start the year
Some of America’s largest airlines cut growth expectations on Tuesday, March 11, due to economic uncertainty. Meanwhile, another ended a longstanding policy, which was a favorite with customers. Delta Air Lines and American Airlines are among those pulling back on forecasts as talks of a recession heat up. Why airlines think they’ll make less than… -
Ontario suspends electricity surcharge after Trump doubles Canada tariffs
President Donald Trump announced he will double planned tariffs on Canadian steel and aluminum from 25% to 50%, taking effect Wednesday, March 12. His doubling down is in response to Canada’s 25% electricity export tariff. In response to Trump’s threat, Ontario said Tuesday afternoon the province would suspend the 25% electricity surcharge and meet with…