Month: April 2025
Powell sees tariffs raising inflation and says Fed will wait before further rate moves
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and […]
Read More
Higher inflation, shaky markets: What to expect from Trump’s tariff policies, according to economists
Economists, market watchers and consumers alike are still trying to understand the implications of President Donald Trump’s announcement on Wednesday of sweeping new tariffs. The plan, part of Trump’s “Make America Wealthy Again” initiatives, features a baseline 10% tariff on all U.S. trading partners as well as duties as high as 50% on nations with […]
Read More
The EU could hit Wall Street where it hurts with its tariff response — the tech giants
The entrance to one of the Google buildings in the ‘Silicon Docks’ area in central Dublin, Ireland, on Tuesday, Nov. 29, 2022. Bloomberg | Bloomberg | Getty Images The European Union says it is keeping all options open if it fails to negotiate its way out of U.S. President Donald Trump’s hefty 20% blanket tariffs […]
Read More
China to impose 34% retaliatory tariff on all goods imported from the U.S.
China’s Finance Ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed by U.S. President Donald Trump’s administration earlier this week. “China urges the United States to immediately cancel its unilateral tariff measures and resolve trade differences through consultation in an equal, respectful and […]
Read More
U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday. Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics. However, […]
Read More
Traders betting Fed will cut rates at least 4 times this year to bail out economy
Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City. Michael M. Santiago | Getty Images Traders are now betting the Federal Reserve will cut at least four times this year, amid fears Trump’s tariffs could tip the U.S. into a recession. Odds […]
Read More
Dow futures tumble a second day, losing 1,100 points after China retaliates to Trump tariffs: Live updates
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 3, 2025. Brendan McDermid | Reuters The stock market was headed for another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears a trade war will tip the globe into a recession. […]
Read More
Toy prices could jump 50% following Trump’s tariffs on China, Vietnam
The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy […]
Read More
We’re exiting our position in a health-care stock to raise some cash
Shortly after the opening bell, we will be exiting our position in GE Healthcare , selling 550 shares at roughly $65. Following Friday’s trade, Jim Cramer’s Charitable Trust will no longer own a position in GEHC. We’re cutting loose our small position in GE Healthcare and raising some cash following two negative developments over the […]
Read More
Europe’s banks battered as Trump tariffs put U.S. recession on the horizon
Reading, UK – JULY 5, 2021: British High Street Banks stopping account holders buying using or processing crypto related transactions as traditional banking industry declares war on crypto currencies Craig Hastings | Moment | Getty Images European banks have been battered in the wake of U.S. President Donald Trump’s sweeping and more-aggressive-than-anticipated tariffs. The European […]
Read More