2m ago Stocks edge up as investors await tariff announcement Stocks hovered in positive terrain shortly before the close of trading as investors awaited word from President Trump on Wednesday afternoon about new matching tariffs the U.S. is expected to deploy against its trading partners. Financial markets have retreated this year amid mounting concerns
President Trump is considering announcing the creation of what he calls the “External Revenue Service” on Wednesday as the White House launches his new trade agenda and collects tariff revenues from around the globe, according to sources familiar with the planning. Mr. Trump is also aiming to again alter Washington’s trade relationship with Beijing, and
Amazon has told the White House it is interested in buying TikTok ahead of a key deadline by which its parent company, China-based ByteDance, must either sell the popular social media app or face a ban in the U.S., CBS News has learned, according to two people familiar with discussions. Amazon has submitted a bid
New York City Mayor Eric Adams’ historic federal corruption case has been dropped. Judge Dale Ho has agreed to the U.S. Department of Justice’s request to drop the charges against Adams, but he did so “with prejudice.” That means Adams cannot be re-tried on the same charges at a later time – a stipulation the Justice Department
CBS News Live CBS News Detroit Live Michigan state Sen. Mallory McMorrow has declared her candidacy for the 2026 U.S. Senate race as a Democrat. “We need new leaders in Washington. I’m running for Senate to be one,” said McMorrow, who represents Michigan’s eighth district. McMorrow is one of the first to enter the race
Washington — The U.S. citizen wife of a 29-year-old man who the Trump administration has admitted was mistakenly deported to El Salvador said she fears for his safety in the infamous mega-prison where he’s being held, maintaining that her husband is “an amazing father” and “not a criminal.” Kilmar Abrego Garcia was deported to El
A federal judge in California on Tuesday ordered the Trump administration to temporarily restore legal aid to tens of thousands of migrant children who are in the United States without a parent or guardian. The Republican administration on March 21 terminated a contract with the Acacia Center for Justice, which provides legal services for unaccompanied