Breaking News: Economy
European Central Bank to make ‘last easy rate cut’ as tariffs, higher fiscal spending loom
The European Central Bank is expected to cut interest rates for the second time this year at its Thursday meeting, but disagreement among policymakers may be set to increase amid tariff uncertainty and a potential ramp-up in regional defense spending. Markets had on Wednesday fully priced in a quarter-point rate cut for the March meeting, […]
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Trump ‘bump’ disappears as the S&P 500 is now negative since the election
President-elect Donald Trump walks onto the floor of the New York Stock Exchange (NYSE) with his wife Melania, after being named TIME’s “Person of the Year” for the second time on December 12, 2024 in New York City. Spencer Platt | Getty Images The S&P 500 has now lost all of its post-election gains as […]
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Canada, Mexico tariffs create ‘ripple effects’ on consumer prices, economist says
Key Points President Donald Trump imposed a 25% tariff on imports from Canada and Mexico on Tuesday. He put a lower 10% tariff on Canadian energy, and another 10% levy on China. Canada and Mexico are the largest trading partners of the United States. Businesses are expected to raise prices for consumer goods as a […]
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Here’s how tariffs will hit the U.S. housing market
New homes being built in Englewood Cliffs, N.J. on Sept. 24th, 2024. Adam Jeffery | CNBC From lumber to drywall to appliances to finishings, much of what goes into a U.S. home comes from outside American borders. The cost of those products is about to go up, as President Donald Trump’s administration imposes tariffs on […]
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Inflation from Trump’s trade tariffs is going to hit soon, says shipping giant Maersk
The Maersk Halifax, on the Central and South America route, berths at the Qianwan Container Terminal of Qingdao Port in Qingdao, Shandong Province, China, on November 10, 2024. Nurphoto | Nurphoto | Getty Images As a result of President Trump’s tariffs on Mexico and Canada, prepare for higher prices to hit soon. That is the […]
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Trump’s tariffs showcase his extraordinary presidential power — and its limitations
U.S. President Donald Trump reacts as he speaks with members of the media on the South Lawn before boarding Marine One at the White House, in Washington, D.C., U.S., Feb. 28, 2025. Nathan Howard | Reuters U.S. importers and their customers are about to experience the full force of President Donald Trump’s unprecedented use of […]
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Tech stocks are down 7% since Trump’s inauguration as trade war fuels uncertainty
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology […]
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Stocks making the biggest moves premarket: Nvidia, Tesla, Target, Illumina and more
Check out the companies making headlines before the bell. Nvidia — Shares fell another 3%, extending the chipmaker’s nearly 9% decline Monday after President Donald Trump enacted tariffs on Canada and Mexico starting Tuesday. Investors remain concerned about how tariffs and greater export restrictions will affect Nvidia’s business in China. After Monday’s sell-off, Nvidia was worth […]
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Inflation will move toward 2% target, but risks to outlook are rising, says Fed’s Musalem
Key Points During a keynote address at the National Association for Business Economics conference, Musalem noted that his baseline case is for inflation to gradually move toward the central bank’s 2% target. However, “near-term inflation expectations have risen substantially over the last few weeks, and that’s something I’m watching closely,” Musalem added. Source
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Stocks making the biggest moves midday: Intel, Nvidia, AppLovin and more
Check out the companies making headlines in midday trading: Intel — Shares rose more than 2% after Reuters, citing two sources familiar with the matter, reported that chipmakers Nvidia and Broadcom are running manufacturing tests with Intel . The tests signal that both companies are heading closer toward committing hundreds of millions of dollars’ worth […]
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