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AP Business SummaryBrief at 7:49 a.m. EST

Posted 11/2/25

East Wing ballroom donations by corporate owners create awkward moments for news outlets

President Donald Trump's razing of the White House's East Wing to build a ballroom has meant for some …

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AP Business SummaryBrief at 7:49 a.m. EST

Posted

East Wing ballroom donations by corporate owners create awkward moments for news outlets

President Donald Trump's razing of the White House's East Wing to build a ballroom has meant for some awkward moments for news outlets. Comcast, the corporate owner of NBC News and MSNBC, is among the corporate and personal donors that funded the project. So is Amazon, whose founder Jeff Bezos is also the owner of The Washington Post. The Post editorialized in favor of Trump's renovation, but did not immediately disclose Bezos' involvement. Comcast's donation came under some heavy criticism by MSNBC personalities, including Rachel Maddow and Stephanie Ruhle. It's not the first time during the Trump administration that corporate owners acted in a way to make its journalists uncomfortable

Tariffs are Trump's favorite foreign policy tool. The Supreme Court could change how he uses them

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Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

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A Vermont cycling apparel company is trying to survive Trump's tariffs. Will the Supreme Court help?

BURLINGTON, Vt. (AP) — A small company in Vermont that specializes in women's cycling apparel is at the center of the fight over President Donald Trump's contentious tariff policy. Terry Precision Cycling is challenging Trump's tariffs at the Supreme Court. The company has been hit hard by increased costs due to tariffs on imports from countries like China. These tariffs have forced them to raise prices and hurt their ability to compete. Terry Precision Cycling, along with other small businesses, argues that the tariffs exceed presidential power. The case could redefine the limits of presidential authority and has significant implications for the global economy.

Uncertainty over federal food aid deepens as the shutdown fight reaches a crisis point

WASHINGTON (AP) — The twin crises at the heart of the government shutdown fight in Washington are coming to a head. The federal food assistance program is facing delays and uncertainty. Meanwhile, millions of Americans are set to see a dramatic rise in health insurance bills. The Trump administration’s plans to freeze payments to the Supplemental Nutrition Assistance Program have been halted by federal judges. But a delay in payouts will still likely leave millions of people short on their grocery bills. The shutdown is the second longest in history and entered its second month on Saturday, yet there's little urgency in Washington to end it.

Furloughed federal workers face delays getting unemployment pay during shutdown

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Carbon capture pipelines have struggled to advance. A project in Nebraska found success

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Italian police seize $1.5B in assets from Campari's controlling shareholder amid tax fraud probe

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Canadian PM Carney says he told Ontario's premier not to run anti-tariff ad that upset Trump

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