Breaking News: Economy
Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not concerned about ‘a little’ market volatility
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Thursday the Trump administration is more focused on the long-term health of the economy and markets and not short-term gyrations. “We’re focused on the real economy. Can we create an environment where there are long term gains in […]
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Dollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty Images Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year. On the company’s fourth-quarter earnings call, Vasos said customers are […]
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U.S. tariffs could thrust Germany into recession, central bank governor says
The German parliament building, the Reichstag, which has been the seat of the Bundestag since 1999. Fhm | Moment | Getty Images U.S. tariffs could push Europe’s largest economy into a recession, German central bank President Joachim Nagel warned Thursday, as Berlin faces a debate over the potential overhaul of its fiscal policies. “Now we […]
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Stocks making the biggest moves premarket: Intel, Adobe, American Eagle Outfitters & more
Check out the companies making headlines before the bell. Intel – The stock jumped 10% after the company said it had appointed Lip-Bu Tan – who was previously the chief executive of software company Cadence Design Systems – as its new CEO. Tan is replacing interim co-CEOs David Zinsner and MJ Holthaus. UiPath – Shares […]
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Stocks making the biggest moves after hours: Adobe, Intel, American Eagle Outfitters and more
Check out the companies making headlines in after-hours trading: Adobe — The software vendor’s shares slipped around 3% after the company issued an outlook for the fiscal second quarter that failed to impress investors. Adobe said revenue for the period would range between $4.27 billion and $4.30 billion, compared to the StreetAccount consensus estimate of […]
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U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. Treasury Building is seen from the Washington Monument on a cold, winter day on Jan. 21, 2025 in Washington, DC. Kevin Carter | Getty Images The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though […]
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Here’s the inflation breakdown for February 2025 — in one chart
Key Points The consumer price index rose 2.8% in February from 12 months earlier, a deceleration from January. Steel and aluminum tariffs took effect Wednesday. Economists fear that an escalating trade war could stall or reverse progress on inflation. Eggs saw by far the highest inflation rate among other categories in February. Source
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Inflation rate hits 2.8% in February, less than expected
Prices for goods and services moved up less than expected in February, providing some relief as consumers and businesses worry about the looming impact tariffs might have on inflation, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% […]
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‘Tariffs break trust’: How Trump’s trade policy is putting pressure on U.S. farmers
Soy farmer Caleb Ragland on his farm in Magnolia, Kentucky Courtesy: American Soybean Association Caleb Ragland, a soybean farmer in Magnolia, Ky., voted for President Donald Trump in 2016, 2020 and 2024. Now, however, he has to navigate a tariff minefield at a time when the sector is already facing major headwinds. Ragland works with […]
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Trump to address CEOs at Business Roundtable as market sell-off continues
U.S. President Donald Trump looks on on the day he signs an executive order in the Oval Office, at the White House in Washington, D.C., U.S. Feb. 25, 2025. Evelyn Hockstein | Reuters President Donald Trump is set Tuesday to address a major meeting of top CEOs, many of whom have seen the value of […]
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