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Mattel’s iconic Barbies may be getting more expensive.The California-based toy manufacturer said it may have to adjust its prices in the US to offset President Donald Trump’s tariffs.Mattel’s CEO, Ynon Kreiz, said in a Monday earnings call with investors that the company was taking a three-pronged approach to offset the impact of Trump’s tariffs. “Accelerating diversification of our supply chain and further reducing reliance on China-sourced products, optimizing product sourcing and product mix, and where necessary, taking pricing action in our US business,” Kreiz said.Kreiz added that China, which Trump has hit with a 145% tariff, “continues to be an…

If artificial intelligence advances mean the average employee can do twice the amount of work they do today, then EY CEO Janet Truncale could see the consulting giant grow without cutting her head count.Speaking Monday at the Milken Institute Global Conference in Los Angeles, Truncale said, “We’re not going to decrease the size of our workforce” because AI increases productivity, and employees perform at a higher level earlier in their careers.Her 400,000-person firm works with the biggest companies in the world, but the data-heavy work required of auditors and accountants has led many to predict that firms like EY can…

President Trump arrives with Attorney General Pam Bondi to speak at the Justice Department on March 14. AP/Pool hide caption toggle caption AP/Pool At her confirmation hearing in January to become attorney general, Pam Bondi vowed to fight violent crime and restore confidence and integrity to the Justice Department. “The partisanship, the weaponization will be gone,” she told lawmakers. “America will have one tier of justice for all.” Like President Trump, Bondi argues that the Justice Department was politicized under the Biden administration to target Trump and conservatives more broadly, and they point to the prosecutions of Trump himself as…

A Stryker platoon is stationed near the fence at the southern U.S. border with Mexico, in Douglas, Arizona, on April 3. David Swanson/AFP via Getty Images hide caption toggle caption David Swanson/AFP via Getty Images As President Trump expands the use of the military in immigration enforcement, this nearly 150-year-old law has come into sharp focus. The Posse Comitatus Act was designed to limit the use of federal troops in law enforcement activities on American soil. The rule has its exceptions and loopholes, but Trump’s second term and his crackdown on immigration are shaping up to be a major test…

Volatile. Challenging. Uncertain.This is the language of corporate earnings calls amid President Donald Trump’s tariffs.As a result of the uncertainty, companies are lowering or outright scrapping their earnings forecasts. Here’s a look at the big brands that have made adjustments to their guidance in recent earnings reports.GMOn Tuesday, GM said it would suspend earnings guidance for 2025 and freeze a $4 billion share buyback as it assesses the impact of Trump’s tariffs on imported cars.Two days later, after the White House announced measures to ease the blow of the tariffs, GM said it had slashed its guidance for this year…

2025-05-06T04:01:01Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. US News & World Report ranked the best states to live in the US in 2025. It weighed 71 metrics across eight categories, including education, healthcare, crime, and nature. Utah was named the best state to live in the US for the third year in a row. Where you live is one…

The Trump administration’s plan to trim the IRS workforce has resulted in almost one-third of its tax auditors leaving the agency through March, according to a report from the U.S. Treasury Department’s watchdog.Elon Musk’s Department of Government Efficiency, or DOGE, has sought to trim the federal workforce through a combination of layoffs and so-called deferred resignation. Musk, the billionaire CEO of Tesla, said on the electric vehicle maker’s April 22 earnings call that DOGE’s efforts “in addressing waste and fraud” will “get the country back on track.”The IRS has been a focus of DOGE’s cost-cutting efforts, with plans to trim as much…

The Spectator editor-at-large and Fox News contributor Ben Domenech weighs in as President Donald Trump turns his focus towards passing tax cuts. New data from the Internal Revenue Service (IRS) shows the size of the average tax refund received by taxpayers is up from a year ago. IRS data for the 2024 tax filing season through the week that ended on April 25 showed the average tax refund amount is up 3.3% from last year’s filing season, rising from $2,852 to $2,945.The total amount refunded grew at a slower 2% pace, rising from $260 billion to $265 billion over last year. The…

Wind turbines of South Fork Wind are seen off the coast of Block Island, R.I., on Oct. 9, 2024. Seth Wenig/AP hide caption toggle caption Seth Wenig/AP A coalition of state attorneys general filed a lawsuit Monday against President Donald Trump’s attempt to stop the development of wind energy. Attorneys general from 17 states and Washington, D.C., are challenging an executive order Trump signed during his first day in office, pausing approvals, permits and loans for all wind energy projects both onshore and offshore. They say Trump doesn’t have the authority to unilaterally shut down the permitting process, and he’s…

Thousands of student-loan borrowers in default could begin losing some of their federal benefits this summer.On Monday, President Donald Trump’s administration officially restarted involuntary collections on defaulted student-loan borrowers’ debt. After a five-year pause that began during the early COVID-19 pandemic in Trump’s first term and continued under former President Joe Biden, borrowers in default are once again subject to the harshest consequences of failing to make their payments, which include a seizure of federal benefits like tax refunds and Social Security checks, and eventual wage garnishment. The Department of Education said that starting on Monday, 195,000 defaulted student-loan borrowers…