Markets

The U.S. has not yet kicked off any trade negotiations with China, as both Washington, D.C., and Beijing have slapped steep tariffs against each other’s imports.

Treasury Secretary Scott Bessent testified that the U.S. is negotiated with 17 of its largest trading partners, but not China, and he expects most of those deals be reached this year.

Drug store chain Rite Aid announced on Monday that they are filing for Chapter 11 bankruptcy for the second time in less than two years.

Barbie-maker Mattel announced it is raising prices on some of its toys as it navigates a "volatile macro-economic environment and evolving U.S. tariff landscape."

New data from the Internal Revenue Service shows that the average tax refund amount is up over 3% from a year ago, though the number of refunds issued is down by more than 1%.

DoorDash will purchase British rival Deliveroo for $3.85 billion, the companies said on Tuesday, helping DoorDash grow its market share in Europe.

President Donald Trump signed an executive order to encourage domestic prescription drug manufacturing and cut down on the time it takes to approve U.S. pharmaceutical plants.

Treasury Secretary Bessent spoke at the Milken Institute Global Conference and said the Trump administration's policies, including tax cuts and deregulation, will spur economic growth.

OpenAI abandoned its effort to shift to a for-profit corporate structure, instead opting for a public benefit corporation that will be overseen by its nonprofit.

Sen. Bill Hagerty is spearheading legislation to regulate stablecoin, a cryptocurrency linked to fiat currencies like the dollar, but he has hit a snag.

President Donald Trump said he's directing federal agencies to reopen the federal prison at Alcatraz, which closed in 1963 over cost concerns and is now a popular tourist attraction.