Morning Business Report: EU eyes U.S. tariffs, Gen Z questions college, markets slide
European Union envoys are preparing to meet as early as this week to craft a response to proposed U.S. tariffs, according to Bloomberg.
(LILAMAX) – European Union envoys are preparing to meet as early as this week to craft a response to proposed U.S. tariffs, according to Bloomberg. The bloc’s leaders reportedly favor continuing negotiations with Washington in hopes of reaching a resolution before next month’s deadline. The U.S. is said to be pushing for a near-universal tariff of over 10% on European goods, with limited exceptions—raising tensions and uncertainty for global trade.
A new survey by ResumeGenius reveals shifting attitudes toward higher education. One in four Gen Z respondents say they regret attending college or wish they had chosen more financially rewarding paths. Only about a third of those surveyed said they were satisfied with their educational choices. Career experts point to rising student debt and a tough job market as key reasons behind the growing skepticism. What was once considered a surefire path to financial stability is now being reconsidered by a younger generation.
U.S. stocks closed lower Friday as investors reacted to reports that President Trump is pressing for harsher tariffs on the European Union. The selloff intensified late in the trading session, reflecting concern over a potential trade escalation.
Restaurants across the country are tapping into nostalgia to attract budget-conscious customers. Nation’s Restaurant News reports that fast-casual giants like McDonald’s and White Castle are offering retro-themed discounts. Independent and local restaurants are also joining the trend in hopes of drawing more diners.
Looking ahead, industrials will take center stage this week. Investors are closely watching earnings reports from aerospace companies, machinery and equipment makers, and transportation firms. Tech giants Alphabet and Tesla are also scheduled to release quarterly results, which could drive market momentum.
