The Trump administration has taken a “hatchet” to Social Security and is teetering toward the possibility of the program’s first missed check in 90 years, former President Joe Biden said in his first public speech since leaving the White House.
Trucking and logistics provider J.B. Hunt Transport Services Inc. on Tuesday said that its customers are still trying to figure out how to adapt to new tariff-related stresses, and said it had lost some business to rivals offering lower shipping prices.
Stock-market volatility has seen outsized swings up and down this month, as investors contend with uncertain negotiations around the “reciprocal” tariffs announced by White House on April 2.
Nvidia Corp.’s shares were tumbling in after-hours trading Tuesday, after the chip giant disclosed in a regulatory filing that it expects to include charges of up to $5.5 billion in its fiscal first quarter related to licensing of its chips to the Chinese market.
President Trump plans to sign a memo on Tuesday barring undocumented immigrants from getting Social Security — a benefit they already can’t access under existing law.
China has managed to hit the U.S. where it hurts the most in response to the Trump administration’s tariffs, with restrictions on global exports of certain rare-earth elements that the U.S. has little ability to produce or refine.