Breaking News: Economy
Trump suggests 25% tariffs on autos, pharma and semiconductors that could go even higher
U.S. President Donald Trump speaks at Mar-a-Lago in Palm Beach, Florida, U.S., Feb. 18, 2025. Kevin Lamarque | Reuters President Donald Trump said he may broaden the scope of U.S. tariffs on imports to include automobiles, pharmaceuticals and semiconductors. In remarks to reporters Tuesday, Trump said the duties would be around 25% and “go very […]
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India’s aviation market could see 15% growth in next decade: Air India Express
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Aloke Singh, managing director of Air India Express, says India’s aviation industry is heavily leveraged to the country’s expansion and expects 14% to 15% growth in the sector if GDP grows as projected. Source
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France’s 2026 budget to be a ‘demanding’ undertaking, French economy minister warns
Ironing out the 2026 budget of the euro zone’s second-largest economy will prove a “demanding” task, French Economy Minister Eric Lombard told CNBC’s Charlotte Reed, after lawmakers earlier this month finally adopted 2025’s financial plan after a spate of tumultuous, government-toppling attempts. France has charted a trajectory to reduce its public deficit, aiming to reach […]
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Fed Governor Bowman says more progress on inflation is needed before further rate cuts
Key Points Federal Reserve Governor Michelle Bowman said on Monday she wants to see data reflect more progress on inflation before cutting interest rates further. While she expects inflation to continue to decelerate this year, she said disinflation “may take longer than we would hope.” The Fed maintained its target rate at a range of […]
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From tariffs to DOGE, what companies are saying about the impact of MAGA policies
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 US President in the US Capitol Rotunda in Washington, DC, on Jan. 20, 2025. Saul Loeb | Via […]
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China’s central bank governor says stable yuan key to global financial stability
Pan Gongsheng, governor of the People’s Bank of China (PBOC), during the Asian Financial Forum in Hong Kong, China, on Monday, Jan. 13, 2025. Lam Yik | Bloomberg | Getty Images China’s central bank governor said on Sunday a stable yuan currency has been key to global financial and economic stability and Beijing will continue […]
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Here’s a potential winner from the Trump tariffs: American tourists traveling abroad
A customer at a food market in Palma, Mallorca, Spain. Andrey Rudakov/Bloomberg via Getty Images As economists ring alarm bells over the impact of President Donald Trump’s tariff policy on consumers and the U.S. economy, there’s a group of Americans who may benefit: tourists traveling abroad. That’s due to the impact of tariffs on the […]
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Retail sales slumped 0.9% in January, down much more than expected
Consumers sharply curtailed their spending in January, indicating a potential weakening in economic growth ahead, according to a Commerce Department report Friday. Retail sales slipped 0.9% for the month from an upwardly revised 0.7% gain in December, even worse than the Dow Jones estimate for a 0.2% decline. The sales totals are adjusted for seasonality […]
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U.S. and India aim to more than double bilateral trade to $500 billion in five years, Prime Minister Modi says
U.S. President Donald Trump and Indian Prime Minister Narendra Modi shake hands, at the White House in Washington, D.C., U.S., Feb. 13, 2025. Kevin Lamarque | Reuters India and the U.S. will work to more than double bilateral trade to $500 billion by 2030, Indian Prime Minister Narendra Modi said at a joint press conference […]
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Defense stocks drop after Trump says Pentagon spending could be halved
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025. Kevin Lamarque | Reuters Defense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending. Trump said Thursday at the White House the U.S. could cut defense spending in […]
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