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It's the first bilateral trade deal since President Donald Trump began his efforts to rewire the global economy by dramatically increasing import taxes in an attempt to increase domestic manufacturing.

President Donald Trump's tariffs, set as high as 145 percent on imports from China, have begun to take a toll on its export-dependent economy at a time when it's already under pressure from a prolonged downturn in the property sector.

The Federal Reserve could keep its key rate unchanged for several more months as it evaluates the impact of President Donald Trump's widespread tariffs on hiring and inflation, some economists say, even as the White House pushes for a rate cut.

Bessent is expected to testify before the House Financial Services Committee at 10 a.m. EDT. Watch live here.

Workers in Spain may soon have 2.5 more hours of weekly rest.

Democrats say they will fight what House party leader Hakeem Jeffries calls the "extreme Republican agenda."

Treasury Secretary Scott Bessent on May 6 is testifying ahead of a House oversight subcommittee on the White House's 2026 budget requests.

Stocks are opening lower on Wall Street and crude prices are falling to a four-year low after the OPEC+ group of oil-producing nations said it plans to increase output.

Trump has seemed to shrug off worries that his trade tariffs will raise prices on everyday items for Americans. Prices on new and used cars are likely to go up due to the 25 percent levies on imported auto parts, which took effect this weekend, and . ...

Buffett, one of the world's richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by finding other businesses and stocks to buy that . ...