From the minute Donald Trump slapped tariffs on Brazil, President Luiz Inacio Lula da Silva bet the US leader was going all-in on a weak hand. The wager paid off Thursday, when Trump limped away from the battle.

Coffee futures dropped to an almost two-month low in New York after US President Donald Trump expanded tariff breaks for Brazilian food products, easing concerns about tight supplies.

The Congressional Budget Office slashed its estimate of longer-term US fiscal savings from President Donald Trump’s tariff hikes by $1 trillion, in a move that may deepen concerns about American borrowing needs.

White House officials are urging members of Congress to reject a measure that would limit Nvidia Corp.’s ability to sell AI chips to China and other adversary nations, according to people familiar with the matter, dimming prospects for legislation opposed by the world’s most valuable company.

Bath & Body Works Inc. shares slumped after cutting its full-year outlook and announcing a turnaround plan to refocus the home products retailer on its core business.

Americans are planning to spend more this holiday season than last year, according to credit reporting firm TransUnion.