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Economy
Consumer sentiment tumbles in April as inflation fears spike, University of Michigan
Consumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday.The survey's mid-month reading on consumer sentiment fell…
Inflation rate eases to 2.4% in March, lower than expected; core at 4-year low
Consumer price inflation eased more than expected in March as President Donald Trump prepared to launch tariffs against U.S. trading partners, the Bureau of Labor Statistics reported Thursday.The consumer price index, a broad measure of…
Trump’s triple-digit tariff essentially cuts off most trade with China, says economist
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.Nathan Howard | ReutersPresident Donald Trump's tariff increase on imports from China would basically end most trade…
European Union to put countermeasures to U.S. tariffs on hold for 90 days
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag.Sopa Images | Lightrocket | Getty ImagesThe European Union will pause the adoption of its retaliatory tariffs on a swathe of U.S.…
The oil-rich Gulf states are better-positioned to weather the tariff storm — but crashing
U.S. President Donald Trump with Mohammed bin Salman, crown prince of Saudi Arabia, at the start of the Group of 20 summit on 28 June 2019.Bernd von Jutrczenka | picture alliance | Getty ImagesDUBAI, United Arab Emirates — The wealthy…
Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024.Mike Segar | ReutersJPMorgan Chase CEO Jamie Dimon said…
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry…
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty ImagesBlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is…
Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations," in New York on Nov. 28, 2023.Jeenah Moon | Bloomberg | Getty ImagesBillionaire…
‘Absolutely nothing good’ coming out of Trump’s tariff announcement: Analysts…
Charts that show the “reciprocal tariffs” the U.S. is charging other countries are on display at the James Brady Press Briefing Room of the White House on April 2, 2025 in Washington, DC. Alex Wong | Getty ImagesU.S. President Donald…
Trump will ‘buckle under pressure’ if Europe bands together over tariffs, German economy
BERLIN, GERMANY - FEBRUARY 24: Robert Habeck, chancellor candidate of the German Greens Party, speaks to the media the day after German parliamentary elections on February 24, 2025 in Berlin, Germany. The Greens came in fourth place with…