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Economy
German inflation dips less than expected to 2.2% in April
Two German flags fly in front of and on top of the Reichstag building at sunset.Photo by Hannes P Albert/picture alliance via Getty ImagesGerman consumer inflation came in at 2.2% in April on an annual basis, easing slightly from March…
Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump's tariffs against U.S. trading partners, ADP reported Wednesday.Private sector payrolls rose by just 62,000 for the month, the…
U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on
The U.S. economy contracted in the first three months of 2025 on an import surge at the start of President Donald Trump's second term in office as he wages a potentially costly trade war.Gross domestic product, a sum of all the goods and…
Euro zone economy expands by better-than-expected 0.4% in the first quarter
Freight containers are stacked in the east of the banking city on the site of the DB transshipment station. The skyscrapers of the banking skyline rise up behind them. US President Trump's aggressive US customs policy can also be seen as…
Consumer outlook hits lowest since 2011 as tariff fears mount, Conference Board survey
Consumer attitudes about both the present and near future dimmed again in April, as tariffs dented sentiment and confidence in employment hit levels last seen around the global financial crisis.The Conference Board's Consumer Confidence…
Port of Los Angeles says shipping volume will plummet 35% next week as China tariffs
A container ship is shown at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. Mike Blake | ReutersShipments from China to the West Coast of the U.S. will plummet next week as the impact of President Donald…
Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade
The Washington Post | The Washington Post | Getty ImagesThe economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo…
German fiscal boost won’t outweigh tariff drag for euro zone, IMF’s Europe head says
Higher German infrastructure spending will boost Europe's economic growth in the coming years — but not enough to outweigh the expected drag from U.S. tariffs, according to Alfred Kammer, director of the European department at the…
European Central Bank’s Lagarde weighs in on Trump’s criticism of Fed’s Powell
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump firing Federal Reserve Chair Jerome Powell was not a scenario on the table.Asked by CNBC's Sara Eisen whether Trump finding a…
Consumer spending is up big in early April as people buy in anticipation of tariffs
Consumer spending is rising at a faster clip this month as everyday Americans rush to make purchases before President Donald Trump's full tariff plan takes effect, data released Wednesday from JPMorgan shows.Spending through the first 15…