Breaking News: Economy
Group of 21 economies — including U.S. and China — warns of growth slowdown over trade tensions
SEOUL, SOUTH KOREA – 2025/04/16: An APEC 2025 large-scale promotional video and a statue of King Sejong the Great are seen at Gwanghwamun Square in central Seoul. Sopa Images | Lightrocket | Getty Images An intergovernmental grouping of 21 economies including the United States and China warned Thursday that their collective growth risks a sharp […]
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Stocks making the biggest moves midday: Oklo, eToro, Super Micro Computer, Nvidia, JD.com and more
Check out the companies making headlines in midday trading: Oklo — Shares soared more than 16% on the heels of the nuclear startup’s narrower-than-anticipated loss for the first quarter. Oklo posted a loss of 7 cents per share for the period compared to the loss of 11 cents per share analysts polled by FactSet had […]
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Stocks making the biggest moves premarket: Nvidia, Super Micro, American Eagle Outfitters, UnitedHealth and more
Check out the companies making headlines before the bell. American Eagle Outfitters — The retailer tumbled 11% in early trading. American Eagle on Tuesday withdrew its 2025 guidance “due to macro uncertainty.” The company, faced with slow sales and steep discounting, also took $75 million in write-offs related to spring and summer merchandise. Super Micro […]
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Why the wealthy can’t find enough people to manage their money
Family offices are set to grow at a rapid pace as the ultra-rich look for personalized services to handle their wealth. But they are struggling to find money managers. As of last September, there were 8,030 family offices globally managing $3.1 trillion in assets, according to Deloitte’s recent statistics. By 2030, the number of […]
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Chuck Schumer pauses Trump Justice Department nominees over Qatari jet
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty Images Senate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of […]
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Here’s the inflation breakdown for April 2025 — in one chart
Key Points The consumer price index declined to 2.3% in April from 12 months earlier, the lowest reading since February 2021. However, tariffs levied by President Donald Trump are expected to re-ignite inflation as soon as next month, according to economists. Prices declined for categories like gasoline, groceries, apparel, used cars and airline fares during […]
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Annual inflation rate hit 2.3% in April, less than expected and lowest since 2021
Inflation was slightly lower than expected in April as President Donald Trump’s tariffs just began hitting the slowing U.S. economy, according to a Labor Department report Tuesday. The consumer price index, which measures the costs for a broad range of goods and services, rose a seasonally adjusted 0.2% for the month, putting the 12-month inflation […]
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Trump tariffs face major legal hurdle as federal trade court hears challenge
U.S. President Donald Trump holds up a chart while speaking during a “Make America Wealthy Again” trade announcement on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images News | Getty Images A little-known federal court is set to hear arguments Tuesday in a case challenging President Donald Trump’s tariffs, putting a key […]
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After UK and China trade deals, tariff rate still highest since 1934, Yale report says
Key Points The average effective tariff rate on imports is 17.8%, the highest since 1934, even after trade deals reached with China and the U.K. in recent days, according to the Yale Budget Lab. Levies that President Trump placed on other products and countries still remain, including a 10% tariff on almost all trading partners. […]
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China sees the U.S. trade deal as a huge win for Beijing
Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the United States as a victory and a vindication of Beijing’s negotiating strategy. They’re arguing that their defiant public posture worked — and was a major reason they were able to strike a deal with U.S. […]
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