Transformers used in power grids are especially vulnerable to trade disruptions.

The move illustrates that Elon Musk’s U.S. DOGE Service aides are being asked to fulfill multiple roles at once.

After weeks of threats, a North American trade war has erupted. Businesses and investors are bracing for the fallout.

The full extent of the order was not immediately clear, but the directive sent to government agencies on Monday threatened to paralyze a vast swath of federal programs.

ALT: a man in a hat is looking at a gold object in his hands

The Federal Reserve’s favored inflation gauge just moved in the wrong direction. It comes as President-elect Donald Trump promises massive tariffs that could push the cost of living even higher.