Breaking News: Economy
Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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CBP says latest tariffs have generated $500 million, well below Trump’s estimate
Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany. Sean Gallup | Getty Images News | Getty Images U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by […]
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Powell indicates tariffs could pose a challenge for the Fed between controlling inflation and boosting growth
Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma between controlling inflation and supporting economic growth. With uncertainty elevated over what impact President Donald Trump’s tariffs will have, the central bank leader said that while he expects higher inflation and lower growth, it’s […]
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Watch Fed Chair Powell speak live on policy to the Economic Club of Chicago
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago, delivering policy remarks with markets on edge over the effect of President Donald Trump’s tariffs. The […]
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Judge finds probable cause to hold Trump administration in criminal contempt in deportation flights case
U.S. President Donald Trump arrives for a presentation of the Commander-in-Chief trophy to the U.S. Navy Midshipmen football team of the United States Naval Academy, at the White House in Washington, D.C., U.S., April 15, 2025. Evelyn Hockstein | Reuters A federal judge found probable cause to hold the Trump administration in criminal contempt for […]
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California suing Trump to stop his ‘unlawful’ tariffs
US President Donald Trump and First Lady Melania Trump are greeted by California Governor Gavin Newson upon arrival at Los Angeles International Airport in Los Angeles, California, on Jan. 24, 2025, to visit the region devastated by the Palisades and Eaton fires. Mandel Ngan | AFP | Getty Images California on Wednesday is set to […]
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The European Union braces for more U.S. tariffs despite talks
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag. Sopa Images | Lightrocket | Getty Images The European Union is preparing for more tariffs from the United States, despite conversations with the U.S. President Donald Trump’s administration earlier this week. It’s been an intense back-and-forth over the […]
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United to cut flights as domestic demand disappoints but international and premium travel drives profits
A United Airlines Boeing 767 passenger aircraft approaches Newark Liberty International Airport as trucks travel near the Port Jersey Container Terminal in Jersey City, New Jersey, on April 8, 2025. Charly Triballeau | Afp | Getty Images United Airlines is planning to cut flights starting this summer to match disappointing domestic travel demand while bookings […]
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AOC fundraising soars as the New York rep and Bernie Sanders barnstorm U.S. against Trump
Rep. Alexandria Ocasio-Cortez (D-NY) speaks during a stop on the ‘Fighting Oligarchy’ tour with U.S. Sen. Bernie Sanders (I-VT) at Grand Park on April 12, 2025 in Los Angeles, California. Mario Tama | Getty Images Rep. Alexandria Ocasio-Cortez raised $9.6 million during the first quarter of 2025, the strongest ever quarter for the New York […]
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How investors are positioning ahead of a big March retail sales report
Tariffs and trade policies have been dominating the market action since April 2, but the March retail sales report still has the potential to impact investor confidence and positioning. Economists see sales rising 1.2% month over month, according to Dow Jones. A pull-forward of spending by consumers in an attempt to get ahead of higher […]
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