Business News – Page 16 – Deltaplex News

Union Pacific and Norfolk Southern Announce Historic $85 Billion Merger to Create First U.S. Transcontinental Railroad

Tuesday, July 29 by Luke Matheson

Union Pacific and Norfolk Southern have announced a landmark $85 billion merger to create the first U.S. transcontinental railroad. The newly formed company, retaining the Union Pacific name, aims to transform the U.S. supply chain by connecting their networks for seamless coast-to-coast operations. The merger... Read More.

What’s in Trump’s trade agreement with the European Union?

Monday, July 28 by ABC News

(NEW YORK) -- President Donald Trump unveiled a trade agreement with the European Union on Sunday, making it the latest in a series of accords as the White House threatens to slap tariffs on dozens of countries this week.Prior to the agreement, the European... Read More.

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Volkswagen suffers $1.5 billion loss from Trump’s tariffs

Friday, July 25 by ABC News

(NEW YORK) -- President Donald Trump’s tariffs cost German auto giant Volkswagen about $1.5 billion over the first half of 2025, the company said on Friday.Sales in North America plunged 16% due primarily to U.S. tariffs, said Volkswagen, which owns a host of brands... Read More.

Trump set to visit Federal Reserve, ratcheting up pressure on Chair Jerome Powell

Thursday, July 24 by ABC News

(WASHINGTON) -- President Donald Trump is set to visit the Federal Reserve on Thursday, ratcheting up pressure on the central bank after his repeated calls for lower interest rates.It marks the first official trip to the Fed taken by a sitting president in almost... Read More.

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Teachers can get discounts from national retailers

Thursday, July 24 by Rick Walker

It's a challenging but rewarding career. Being a teacher often means long hours after school with lesson planning, keeping up with classroom business and scheduling time to meet with student's families. Several national retailers are realizing the hard work of teachers by offering discounts. Some... Read More.

What’s in Trump’s trade agreement with Japan?

Wednesday, July 23 by ABC News

(WASHINGTON) -- President Donald Trump announced a trade agreement with Japan on Tuesday, making it the largest U.S. trade partner to broker an accord as the White House threatens to impose tariffs on dozens of countries within days.Before the deal, Japan faced the prospect... Read More.

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Jeep maker Stellantis says it will lose $2.7 billion due partly to tariffs

Monday, July 21 by ABC News

(NEW YORK) -- President Donald Trump’s tariffs are costing Jeep maker Stellantis hundreds of millions of dollars, the company said Monday.The giant carmaker expects to have suffered nearly $350 million in losses over the first half of 2025 due to direct tariff payments as... Read More.

Consumer sentiment improved in July, despite Trump’s tariff threats

Friday, July 18 by ABC News

(NEW YORK) -- Consumer sentiment ticked higher in July, marking two consecutive months of improved shopper attitudes as businesses navigated President Donald Trump’s latest tariff threats targeting dozens of countries. The fresh reading matched economists’ expectations.The recent resurgence of consumer sentiment followed six... Read More.

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Axiom private space mission could be glimpse of the future as ISS retirement looms

Wednesday, July 16 by ABC News

(WASHINGTON) -- Private spaceflight is transforming from joy rides for billionaires into a gateway for nations to establish their space presence, one expert says, as the latest Axiom Space mission returned to Earth on Tuesday.The mission marked a historic moment for India, Poland and... Read More.

Stocks mixed after Trump issues tariffs on EU, Mexico

Monday, July 14 by ABC News

(NEW YORK) -- Stocks were mixed in early trading on Monday after President Donald Trump over the weekend issued 30% tariffs on the European Union and Mexico, rekindling tensions with two of the largest U.S. trade partners and threatening to raise consumer prices.The Dow... Read More.

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Trump announces 30% tariffs on European Union and Mexico

Saturday, July 12 by ABC News

(WASHINGTON) -- President Donald Trump has posted two letters on his social media platform announcing new tariffs on the European Union and Mexico that will take effect on Aug. 1.Trump will impose a 30% tariff on Mexico due to fentanyl crossing the border, he... Read More.

What to know about Trump’s new tariffs on Canada

Friday, July 11 by ABC News

(WASHINGTON) -- President Donald Trump ratcheted up tariffs on Canada late Thursday, stoking tensions with a top U.S. trade partner as the two sides try to hash out a trade agreement by the end of the month.The Dow Jones Industrial Average tumbled 250 points,... Read More.

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