He covers business, economics, money and workplace issues for CBS MoneyWatch. Financial markets around the world tumbled after President Trump on Wednesday announced a barrage of new tariffs ...

Global stock markets fell sharply as investors awaited President Trump's imminent tariff announcement, fearing a potential trade war. The announcement, dubbed "Liberation Day," could impact both ...

Starbucks, a huge coffee importer, fell nearly 10% in morning trading, while rival Dutch Bros dropped around 8.5%. Chipotle Mexican Grill, which imports avocados from Mexico, Colombia and other ...

President Trump is applying the brakes to the profit engines of global automakers. Trump said Wednesday the US will impose 25% tariffs on imports of cars and car parts, to take effect on April 3.