Press review · Friday, 20 June 2025
20 June 2025
3,128 articles: 08 May 2025 – 27 October 2026
Single reports
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abcnews.go.com
US dollar is off to its worst start in 50 years. Here's why that matters for you.
A weaker dollar will impact everyday purchases and travel abroad, analysts said.
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Hiring surged in June, defying concern about Trump's tariffs
The U.S. economy added 147,000 jobs in June, government data showed.
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nbcnews.com
U.S. job growth expected to have slowed in June as economy sends mixed signals
Economists surveyed by The Wall Street Journal forecast that 110,000 new payrolls were added in June. That would be the fewest since February.
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nbcnews.com
Trump's tariff pause is set to expire, threatening a trade war flare-up
Duties on imports from dozens of countries would jump if the 90-day pause imposed in April expires July 9 as scheduled.
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timesofindia.indiatimes.com
What is Donald Trump’s net worth? Billionaire US President has a big portfolio of cryptocurrencies, stocks & more - top details - Times of India
International Business News: Donald Trump's net worth is complex to calculate, with estimates potentially reaching $10 billion due to cryptocurrency investments. His wealth includ
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nypost.com
Trump adds at least $620 million to his net worth thanks to crypto investments: report
Bloomberg’s analysis shows that digital assets and crypto-linked ventures have rapidly become the most lucrative part of Trump’s portfolio.
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Private sector lost 33K jobs in the last month — in first drop in over 2 years
Job growth has ebbed as businesses grapple with trade policy uncertainty, but companies have not yet resorted to widespread layoffs, keeping the labor market afloat.
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Exclusive | Fannie, Freddie boss urges Congress probe Fed's Jerome Powell for lying over Palace of Versailles HQ
FHFA Director William Pulte demanded that Powell be probed by lawmakers and suggested he could even be fired by President Trump.
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foxbusiness.com
Del Monte Foods files for bankruptcy
Del Monte Foods, the canned vegetables company, said it filed for Chapter 11 bankruptcy and secured financing to continue operations during restructuring.
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Lululemon files lawsuit against Costco, claims company selling 'dupes' of products
Lululemon has filed a lawsuit against Costco that accuses the wholesale club operator of selling lower-priced duplicates of some of its popular athleisure clothing
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Photos show Elon Musk and President Donald Trump's relationship before their feud reignited
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gamedeveloper.com
Subnautica developer Unknown Worlds loses leadership team
Studio CEO Ted Gill, Subnautica game director Charlie Cleveland, and technical director Max McGuire have all departed the company.
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ksat.com
Paramount to pay $16 million in settlement with Trump over '60 Minutes' interview
Paramount says it has agreed to pay $16 million to settle a lawsuit filed by President Donald Trump over the editing of CBS’ “60 Minutes” interview with then-Vice President Kamala Harris in October.
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nbcnews.com
Trump's tariffs kept Fed from cutting rates, Jerome Powell says
The central bank chief defended the decision to hold rates steady in the face of trade policy uncertainty: “We didn’t overreact. In fact, we didn’t react at all; we’re simply taking some time.”
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economist.com
Superstar coders are raking it in. Others, not so much
For a few AI whizzes, pay is going ballistic
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Fed Chair Powell confirms tariff concerns prevented interest rate cuts so far this year
Fed Chair Jerome Powell said tariff concerns delayed interest rate cuts, stating the central bank would have likely reduced rates this year if not for potential consumer price hikes.
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usatoday.com
Lululemon is suing Costco over 'duped' athleticwear
Lululemon alleges that Costco has stolen the intellectual property of its Scuba hoodies and sweatshirts, Define jackets and ABC pants.
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nbcnews.com
Lululemon sues Costco over selling alleged dupes
The athleisure brand alleges that Costco sells rip-offs of its SCUBA pullover sweater, DEFINE jacket and ABC pants and is seeking monetary compensation for lost profits.
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nbcnews.com
As his feud with Trump reignites, Musk's business with the government is back in the crosshairs
Tesla remains Musk’s best-known business, but its fortunes are less directly tied to the government than SpaceX, his rocket-building company.
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aljazeera.com
Trump threatens to review subsidies on Musk-owned companies
Tesla’s stock dropped 6 percent after Trump’s call for DOGE to look into cutting subsidies tied to Elon Musk.
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pbs.org
Powell sticks to 'wait and see' approach as Trump ramps up criticism
Powell repeated his view Tuesday that U.S. inflation is likely to pick up later this summer, though he acknowledged that the timing and magnitude of any price increase from the duties is uncertain.
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Why is the US dollar falling by record levels in 2025?
Sell off linked to unpredictable and unfunded economic policies which threaten the safe-haven role of the US dollar.
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benzinga.com
What Happened With Apple Stock Today? - Apple (NASDAQ:AAPL)
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theguardian.com
US dollar has worst first half in more than 50 years amid Trump tariffs
Currency sold off due to concerns economic policies threaten safe-haven role of US dollar-denominated assets
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DOJ uncovers $15 billion healthcare fraud in largest crackdown ever
The operation led to criminal charges against 324 defendants and the seizure of more than $245 million in cash, luxury cars and other assets.
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nbclosangeles.com
Solar and wind industry faces up to $7 billion tax hike under Trump's big bill, trade group says
Republicans are racing to pass Trump’s domestic spending legislation by a self-imposed Friday deadline.
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Senate GOP tax bill could crush wind and solar power, advocates say
A Republican plan heading to a vote in the Senate would quickly end incentives for clean energy and impose new taxes on some wind and solar projects, while boosting production of coal used to make steel
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m.economictimes.com
Sending money to India? US Senate softens remittance tax to 1% from 3.5% - The Economic Times
The U.S. Senate's revised 'One Big Beautiful Bill Act' offers relief to NRIs by reducing the proposed remittance tax from 3.5% to 1%. Transfers from U.S. bank accounts and via U.S.-issued cards are now exempt. This tax, impacting non-citizens, is set to apply only to transfers made after December 31, 2025, potentially affecting remittances to countries like India.
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Canadian PM Carney says trade talks with US resume after Canada rescinded tech tax
Canadian Prime Minister Mark Carney says trade talks with U.S. have resumed after Canada rescinded its plan to tax U.S. technology firms
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In 24 hours: Trump's 'no barrier’ trade pitch to India, pact with China, cold shoulder to Canada - What's next? - Times of India
International Business News: President Trump is aggressively reshaping US trade policy, initiating swift actions against Canada over its digital services tax by halting trade talk
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Indian negotiators extend US stay as trade talks gather pace
India's trade team has prolonged its stay in Washington to resolve disagreements with the US, aiming for a deal before the July 9 deadline for higher tariffs. Negotiations, initially set to end on June 27, have been extended, fueling optimism for an interim trade agreement.
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Big, beautiful budgets: not just an American problem
Across the rich world, governments are splashing the cash. What could go wrong?
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Warren Buffett announces $6 billion in donations to five foundations
Famed investor Warren Buffett is donating $6 billion worth of his company’s stock to five foundations
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What is Canada’s digital tax and why is Trump killing trade talks over it?
Trump says Canada’s new tax will cost US companies billions; he will announce new tariffs on Canada within days.
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Buffett donates $6B in Berkshire stock to 5 foundations: Lifetime giving tops $60B
Berkshire Hathaway CEO Warren Buffett announced Friday that he is donating another $6 billion of the company’s stock to the Gates Foundation and four family charities.
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Trump says US ending all trade negotiations with Canada over digital tax
Canada had approved a 3 percent digital tax last year in June, and the first set of payments is due on Monday.
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nbcnews.com
S&P 500 returns to all-time high — right where it started at the outset of Trump's second term
The sharp reversal from spring lows masks the opportunity cost of President Donald Trump's policies, which pre-empted higher gains investors initially forecast.
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nbcnews.com
Trump terminates trade talks with Canada
The president posted on Truth Social that Canada had planned to put a tax on U.S. technology companies, calling the move "a blatant attack."
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Nike to raise costs as Trump’s tariffs on China bite
Nike joins companies like Walmart, Target and Mattel that have said they will need to raise prices because of tariffs.
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U.S. economy shrank 0.5% between January and March, worse than 2 earlier estimates had revealed
The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department said.
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Key Medicaid provision in Trump's bill is found to violate Senate rules. The GOP is scrambling
The Senate parliamentarian has advised that a Medicaid provider tax overhaul central to President Donald Trump's tax cut and spending bill doesn't adhere to procedural rules
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wral.com
US stocks rise to the brink of a record and recover nearly all their 20% springtime drop
NEW YORK (AP) — The U.S. stock market ran up to the edge of another record on Thursday.
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calmatters.org
Congress is fighting over this tax deduction. Here’s how it affects Californians
The House wants to raise the SALT deduction cap, which would help wealthy Californians pay less in federal taxes. The Senate disagrees.
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nbcnews.com
American Vogue to hire new head of editorial, role held by Anna Wintour for 40 years
Wintour, who has served as editor-in-chief for nearly 40 years, will remain as Condé Nast's global chief content officer and global editorial director at Vogue.
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Trump says he's already considering '3 or 4 people' to replace Powell at Fed
President Donald Trump said he's already looking for a new Fed chair to replace Jerome Powell and has narrowed his search to '3 or 4 people'
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The arithmetic is tricky for a Shell bid for BP today. Next year may be different
Shell says it has ‘no intention’ of making an offer for BP. But if its share price rises, the numbers could work
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dunyanews.tv
Asian stocks hesitant after Trump's attack on Powell
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dw.com
US economy fares worse than estimated in first quarter – DW – 06/26/2025
The Commerce Department said the economy had contracted more than previously expected. This comes as businesses stockpile goods ahead of US President Donald Trump's tariffs.
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today.com
Fortnite Refunds from FTC Now Total $200M: How to Know If You’re Eligible
The Federal Trade Commission has also reopened the process for Fortnite gamers to submit claims through July 9.
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Donald Trump’s tariff wars deal a blow! US economy shrinks 0.5%; worse than estimates - Times of India
International Business News: The US economy contracted by 0.5% in the first quarter of 2025, primarily due to a surge in imports spurred by President Trump's trade war. This impor