New York Fed’s Williams says tariff burden falls ‘overwhelmingly’ on U.S. businesses and consumers

Key Points

American consumers and businesses are taking most of the hit from President Donald Trump’s tariffs, New York Fed President John Williams said in remarks that counter White House claims.
A study Williams cited on the issue has generated a fair amount of controversy over the past few weeks, with White House economist Kevin Hassett saying the authors should be “disciplined.”

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Finance

Wall Street playbook says buy when war breaks out. How this time could be different

March 3, 2026

Investors are wondering if buying the dip when war breaks out will work this time around as the conflict between the U.S. and Iran grows. The old Wall Street adage “buy the cannons, sell the trumpets” suggests that traders might race to pick up stocks in reaction to war headlines, expecting a rebound. But the […]

Finance

Stocks making the biggest moves midday: MongoDB, Pinterest, NRG Energy, Kontoor Brands & more

March 3, 2026

Check out the companies making headlines in midday trading. AeroVironment — The drone maker’s stock jumped 9% after AeroVironment said it is still in talks with the U.S. Space Force for the SCAR program contract. Negotiations had been paused in order to revise the terms to speed up delivery times. The company said it is […]

Finance

Blackstone’s Gray: Market ‘noise’ fueled record redemptions from world’s largest private credit fund

March 3, 2026

Key Points Blackstone president Jon Gray defended the quality of loans within the firm’s flagship private credit fund after investors as concerns in the sector are growing. Source