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Today: April 04, 2025
Today: April 04, 2025

US Economy

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Wall Street heavyweights take a drubbing, from airlines to Big Tech

U.S. companies were hammered again in the stock market Friday after China matched President Donald Trump’s tariffs in what is a rapidly escalating trade war

Wall Street heavyweights take a drubbing, from airlines to Big Tech
Business|Economy|Political|US

Trump’s tariff push is a race against time, and potential voter backlash

President Donald Trump’s expansive new tariff regime reverses a decades-long global trend of lower trade barriers that will likely raise prices for U.S. consumers and threatens to sharply slow the economy this year

Trump’s tariff push is a race against time, and potential voter backlash
Business|Economy|Political|US|World

Trump says China 'played it wrong' in retaliation against US tariffs

U.S.

Trump says China 'played it wrong' in retaliation against US tariffs
Business|Economy|Finance|Political|US

Global brokerages raise recession odds; J.P.Morgan sees 60% chance

J.P.Morgan ratcheted up its odds for a U.S. and global recession to 60%, as brokerages scrambled to revise their forecast models with tariff distress threatening to sap

Global brokerages raise recession odds; J.P.Morgan sees 60% chance
Asia|Business|Economy|Finance|Political|Stock Markets|US|World

This is going to hurt

Global investors have yearned for clarity over U.S. President Donald Trump's tariffs, but now they have it, they don't much like what they see.

This is going to hurt
Americas|Asia|Business|Economy|Finance|Political|World

US tariffs risk slowing global growth significantly, ADB chief economist says

The United States' sweeping new tariff regime risks slowing both U.S. and global growth, shrinking export markets and potentially prompting a Federal Reserve response, the Asian

US tariffs risk slowing global growth significantly, ADB chief economist says
Asia|Business|Economy|Finance|Political|Stock Markets|US

US stocks post biggest drop since 2020, dollar falls as Trump tariffs fuel recession fears

Major U.S. stock indexes registered their biggest daily percentage drops since 2020 on Thursday and the dollar weakened as U.S.

US stocks post biggest drop since 2020, dollar falls as Trump tariffs fuel recession fears
Business|Economy|Finance|Political|US

Fed's Jefferson says no hurry to adjust rates, need time to assess impact of tariffs

Federal Reserve Vice Chair Philip Jefferson on Thursday said that with the economy in solid shape, tariffs already pushing upward on goods inflation, and higher-than-usual uncertainty over

Fed's Jefferson says no hurry to adjust rates, need time to assess impact of tariffs
Business|Economy|Political|US

Trump's tariffs roil company plans, threatening exports and investment

Businesses around the globe on Thursday faced up to a future of higher prices, trade turmoil and reduced

Trump's tariffs roil company plans, threatening exports and investment
Business|Economy|Finance|Political|Stock Markets|US

Gold eases after record high on knock-on effect of wider selloff

Gold prices trimmed losses on Thursday after falling over 2% from an all-time high, as a wider market selloff triggered by U.S.

Gold eases after record high on knock-on effect of wider selloff
Business|Economy|Political|US

Brokerages raise risks for US recession after Trump's latest tariffs

Brokerages HSBC, Deutsche Bank and BofA warned on Thursday that the U.S. economy faces a higher risk of slipping into a recession this year if President Donald Trump's

Brokerages raise risks for US recession after Trump's latest tariffs
Business|Economy|Finance|Political|US|World

Trump tariffs pile stress on ailing world economy

The latest round of U.S. trade tariffs unveiled on Wednesday will sap yet more vigour from a world economy barely recovered from

Trump tariffs pile stress on ailing world economy
Business|Economy|Political|US

Tariffs to cause 'short-term bumps,' Trump economic adviser tells Fox Business

U.S.

Tariffs to cause 'short-term bumps,' Trump economic adviser tells Fox Business
Business|Economy|Finance|Political|Stock Markets|US

Trading Day: Nervous calm ahead of 'Liberation Day'

TRADING DAY Only 24 hours until Trump unveils new tariffs The first trading day of the quarter on Tuesday was a nervy affair ahead of U.S.

Trading Day: Nervous calm ahead of 'Liberation Day'
Business|Economy|Finance|Political|US

Fed's Goolsbee: Hard data shows economy is solid, but there is fear around tariffs

Chicago Federal Reserve Bank President Austan Goolsbee on Tuesday said while the "hard" data show the underlying U.S. economy is solid, the labor market strong, and inflation

Fed's Goolsbee: Hard data shows economy is solid, but there is fear around tariffs
Business|Economy|Finance|Stock Markets|US

US bond manager PIMCO looks abroad as US exceptionalism fades

U.S. bond firm PIMCO said on Tuesday that waning business and consumer confidence under President Donald Trump's policies is eroding the edge U.S. capital

US bond manager PIMCO looks abroad as US exceptionalism fades
Asia|Business|Economy|Finance|Stock Markets|US

Wall Street swings again as the approach of Trump's 'Liberation Day' wallops stock markets worldwide

President Donald Trump’s fast-approaching “Liberation Day” sent stock markets swinging sharply worldwide

Wall Street swings again as the approach of Trump's 'Liberation Day' wallops stock markets worldwide
Business|Economy|Finance|Political|Stock Markets|Technology

Hedge funds flee techs stocks before tariffs take hold, says Goldman Sachs

Hedge funds last week ditched tech stocks at the fastest pace in six months and at the highest levels in five years, according to Goldman Sachs, as world markets

Hedge funds flee techs stocks before tariffs take hold, says Goldman Sachs
Business|Economy|Finance|Political|Stock Markets|US

No quarter for Wall Street

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Gold is homing in on its best quarter since 1986

No quarter for Wall Street
Business|Economy|Political|US

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate

The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in consumer spending

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
Business|Economy|US

US applications for unemployment benefits hold steady, remain in recent healthy range

U.S. applications for unemployment benefits held steady last week, a sign that the labor market remains healthy as companies continue to retain their employees

US applications for unemployment benefits hold steady, remain in recent healthy range
Business|Economy|Finance|US

US new home sales rebound in February

Sales of new U.S. single-family homes rebounded in February as warmer weather and a decline in mortgage rates pulled buyers from the sidelines, but growing uncertainty over the

US new home sales rebound in February
Business|Economy|Finance|Stock Markets|US

S&P 500 ends sharply higher, Nvidia and Tesla rally

The S&P 500 rose sharply to end at its highest in over two weeks on Monday, lifted by Nvidia and Tesla following signs that the Trump administration might take a more

S&P 500 ends sharply higher, Nvidia and Tesla rally
Asia|Business|Economy|Finance|Political|Stock Markets|US

Stock market today: Wall Street gains ground after shaking off four-week losing streak

Stocks closed broadly higher as Wall Street navigates through the uncertainty of a trade war

Stock market today: Wall Street gains ground after shaking off four-week losing streak

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