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Today: April 30, 2025
Today: April 30, 2025

US Economy

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Consumer spending soared in March as Americans tried to get ahead of tariffs

Consumer spending soared in March as Americans tried to get ahead of tariffs

Consumer spending soared in March as Americans tried to get ahead of tariffs
Business|Economy|Finance|Stock Markets|US|World

Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs

Foreign investor appetite for U.S. dollar assets may wane unless the currency depreciates further, said Goldman Sachs' chief economist,

Foreign demand for US assets seen waning unless USD slides more, says Goldman Sachs
Business|Economy|Political

Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds

An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering

Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds
Economy|Finance|Political|Stock Markets|US

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff

The U.S. economy could slow unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal

Trump warns of economic slowdown unless Fed cuts rates, triggering selloff
Economy|Finance|Political|US

Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump

Among the threats tariffs pose to the U.S. economy, none may be as strange as the sell-off in the dollar

Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump
Business|Economy|Political|US

Trump says Fed's Powell will leave if he asks him; Powell has said he won't

President Donald Trump said on Thursday he believes Federal Reserve chair Jerome Powell will leave his job if Trump asks him to do so, although the U.S. central bank chief

Trump says Fed's Powell will leave if he asks him; Powell has said he won't
Business|Economy|Finance|Political|US

Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll

An aggressive U.S. tariff policy will trigger a significant slowdown in the U.S. economy this year and next, with the median probability of recession in the

Tariffs to trigger sharp US economic slowdown; chance of recession jumps to 45%: Reuters poll
Business|Economy|Finance|Political|US

Alcoa expects $90 million tariff hit in second quarter, sees duties on China raising annual costs

Alcoa said on Wednesday it expects U.S. tariffs on aluminum imports from Canada to cost the company about $90 million in the current quarter. Since his inauguration in January, U.S.

Alcoa expects $90 million tariff hit in second quarter, sees duties on China raising annual costs
Asia|Business|Economy|Finance|Political

US stocks dip but bonds and dollar rebound on hopes of tariff relief

Some trade policy relief and strong bank earnings were not enough to keep Wall Street from pushing U.S. stocks down slightly on Tuesday

US stocks dip but bonds and dollar rebound on hopes of tariff relief
Business|Economy|Finance|US

US banks flag risks to consumer spending from tariff uncertainty

U.S. consumer spending has benefited from strong wage growth and low unemployment so far, but it faces huge risks if the upheaval sparked by President Donald Trump's trade

US banks flag risks to consumer spending from tariff uncertainty
Economy|Finance|Political|Stock Markets|US

Yellen says Trump policies eroding trust in US, dollar assets

Former U.S.

Yellen says Trump policies eroding trust in US, dollar assets
Business|Economy|Finance|Political|Stock Markets|US

Broadening asset volatility intensifies worries for tariff-tossed US stocks

Wild swings in global markets are poised to keep U.S. stock investors on edge in the coming week, as a weakening dollar and a selloff in Treasuries compound

Broadening asset volatility intensifies worries for tariff-tossed US stocks
Business|Economy|Finance|Political|Stock Markets|US

Dollar slides with investor confidence shaken in safety of US assets

The dollar continued to slide against major currencies on Friday as the back-and-forth over import tariffs shook investor confidence in the

Dollar slides with investor confidence shaken in safety of US assets
Business|Economy|Political|US|World

Here's what some exporters in China say about Trump's trade war

The trade war between the world’s two largest economies is escalating as China slapped a 125% tariff on U.S. goods in response to President Donald Trump’s 145% tariff on Chinese products

Here's what some exporters in China say about Trump's trade war
Business|Economy|Finance|Stock Markets|US

Wall Street's tariffs rout resumes after morning rebound fails

The S&P 500 closed below 5,000 points for the first time in almost a year, reversing a strong morning rally as hopes faded for any imminent U.S. delays or concessions on tariffs ahead of a

Wall Street's tariffs rout resumes after morning rebound fails
Business|Economy|Political|US

Trump says US taking in $2 billion a day from tariffs

U.S. President Donald Trump said on Tuesday the United States is taking in $2 billion per day from tariffs.

Trump says US taking in $2 billion a day from tariffs
Business|Economy|Finance|Political|Stock Markets

Traders boost bets Fed will start cutting rates in May

Traders boosted bets on Tuesday the Federal Reserve will start cutting its policy rate as soon as next month, as the White House said additional tariffs on imports from China will go into

Traders boost bets Fed will start cutting rates in May
Asia|Business|Economy|Political|World

Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears

Oil prices slid 2% to a near four-year low on Monday on worries U.S.

Oil prices slide 2% to near 4-year low as US trade conflict fuels recession fears
Asia|Business|Economy|Europe|Finance|Political|Stock Markets|US

Stocks crater again, no 'ifs' or 'puts'

What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Financial Industry and Financial Markets Forget about those puts.

Stocks crater again, no 'ifs' or 'puts'
Business|Economy|Finance|Political|Stock Markets|US

Wall Street stock futures open sharply lower

Wall Street stock futures opened sharply lower on Sunday suggesting a rough start to the trading week as investors worried that a global trade war could push the U.S. economy into a

Wall Street stock futures open sharply lower
Economy|Political|Technology|Videos|World

Robots, fraught consumers star in China AI videos mocking tariffs

China's state-run media has taken to the internet with AI-generated videos, featuring dancing robots and fraught consumers, to chide U.S.

Robots, fraught consumers star in China AI videos mocking tariffs
Business|Economy|Finance|Political|Stock Markets|US

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|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.

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

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