Annual inflation in the U.S. rose to 2.7% in June, up from 2.4% in May, according to new data from the Consumer Price Index (CPI). Core inflation—which excludes food and energy—also increased slightly to 2.

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

The dollar’s recent decline signals a loss of faith from global investors in the United States’ ability to honor its obligations. Harvard University’s Ken Rogoff says political dysfunction in Washington and Trump’s aggressive trade war fuel economic uncertainty and undermine America’s soft power in the world.

President Donald Trump signed an executive order to cut the Education Department and move its responsibilities back “to the states” in March, fulfilling a vow he made on the campaign trail. The change is an unprecedented move,

The dollar edged up across the board on Friday as U.S. President Donald Trump's ramped-up tariffs on Canada and other trading partners sparked a flight to safety.Trump issued a letter late on Thursday that said a 35% tariff rate on all imports from Canada would apply from August 1.

US stocks are little changed as investors shrug off more tariff threats from Trump. Investors await inflation data and earnings for direction.