The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
Read MoreCorporate America’s Growing Quest for Tariff Refunds Today Us News
Thousands of companies are expected to follow FedEx’ in suing the government to recoup levy payments, after the Supreme Court…
Read MoreParamount Revises Its Bid for Warner Bros. Discovery Today Us News
Netflix, Warner Bros. Discovery’s preferred acquirer, now has four days to counter Paramount’s revised offer.
Read MoreMeta Announces Major Chips-for-Stock Deal With AMD Today Us News
The multibillion-dollar deal is AMD’s latest move to catch up to Nvidia in the lucrative world of selling artificial intelligence…
Read MoreI.R.S. Tactics Against Meta Open a New Front in the Corporate Tax Fight Today Us News
The agency is using real-world profit data to challenge how big companies value offshore intellectual property.
Read MoreSupreme Court Considers Fate of Docks and Other Assets Seized by Cuba in 1960 Today Us News
Amid rising tensions with Cuba, the Trump administration is backing lawsuits that would allow Americans to get compensation for property…
Read MoreFedEx Sues for Refund of Trump Tariffs Rejected by Supreme Court Today Us News
The company, which did not specify how much it was seeking, is expected to be one of many demanding compensation…
Read MoreAfter Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores Today Us News
Richard Baker wanted to create a high-end retail empire when he combined Saks Fifth Avenue and Neiman Marcus. In a…
Read MoreTrump Administration Scrambles to Pick Up the Pieces of Broken Tariffs Today Us News
President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece…
Read MoreSupreme Court to Weigh Oil-Industry Effort to End a Major Climate Suit Today Us News
The case could have significant bearing on a range of other lawsuits brought against the fossil fuel industry by cities…
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