Morning Business Report: Tariffs Hit, markets tumble, and NASA eyes Mars
A 104% tariff on Chinese goods officially took effect at midnight, following China’s decision to let a deadline pass without lifting its retaliatory tariffs on the U.S.
(LILAMAX)-A 104% tariff on Chinese goods officially took effect at midnight, following China’s decision to let a deadline pass without lifting its retaliatory tariffs on the U.S. It’s not just China feeling the pressure — Customs and Border Protection also began collecting country-specific tariffs from 86 nations as part of the sweeping trade action.
President Trump’s nominee to lead NASA, Jared Isaacman, is set to testify before the Senate today. In his confirmation hearing, Isaacman is expected to outline a bold vision for the agency — with a focus on sending U.S. astronauts to Mars and fostering a thriving orbital economy. He will also stress the importance of maintaining American technological superiority in the growing global space race and highlight the crucial role of private sector innovation.
A sharp stock rebound was quickly erased as the weight of the new tariffs settled in. Both the Dow and the Nasdaq dropped more than 300 points amid growing uncertainty surrounding the trade landscape and its potential impact on the economy.
Tech CEOs are sounding the alarm as a new wave of fake job applicants, powered by artificial intelligence, floods companies hiring for remote roles. According to research from Gartner, by 2028, one in four job candidates globally could be fake. Using AI-generated resumes, fake IDs, and even interview responses, these impostors can infiltrate businesses, install malware, or steal sensitive company data once hired.
A new study commissioned by Generation Tux and conducted by Talker Research finds that the average man feels 67% more confident when wearing his best suit or tuxedo. However, confidence drops when neckties or bow ties come into play. Interestingly, 44% of men say they’re not satisfied with their current suit selection, and the average respondent would spend over $1,200 for the perfect one.
