Breaking News: Economy
Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
Federal Reserve Governor Christopher Waller speaks during the Clearing House Annual Conference in New York City, on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble […]
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Trump tariffs won’t lead supply chains back to U.S. but companies will go low-tariff globe-hopping: CNBC survey
A worker rests in a factory making steel bike rims for export to the U.S. in Hangzhou in east China’s Zhejiang province Friday, April 11, 2025. Feature China | Future Publishing | Getty Images If China is going to lose some manufacturing as a result of President Trump’s tariffs, the U.S. manufacturing sector won’t be […]
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Stocks making the biggest moves midday: Apple, Alibaba, Palantir Technologies and more
Check out the companies making headlines in midday trading: Apple — The stock added more than 2% as sentiment on tech shares broadly rose Monday. President Donald Trump announced on Friday that several electronic devices and components will be exempt from U.S. tariffs . The policy benefits Apple given that the majority of the iPhone […]
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Trump aide Hassett says U.S. got ‘amazing’ tariff deal offers, recession ‘100% not’ happening
White House Council of Economic Advisers Chairman Kevin Hassett speaks with reporters outside the White House in Washington, DC, on March 7, 2025. Anna Moneymaker | Getty Images News | Getty Images National Economic Council Director Kevin Hassett said Monday that “more than 10” countries have made “very good, amazing” trade deal offers to the […]
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Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a Federal Reserve Bank of New York survey released Monday. The central […]
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Airlines bank even more on splurging vacationers as clouds form on economy
A view from the Delta Sky Club at Los Angeles International Airport, Sept. 2, 2022. AaronP | Bauer-Griffin | GC Images | Getty Images Airlines have a bird’s eye view of the economy, and CEOs are seeing clouds. Delta Air Lines and Frontier Airlines pulled their 2025 outlooks last week, calling out a murky U.S. […]
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Billionaire Ray Dalio: ‘I’m worried about something worse than a recession’
Ray Dalio, founder of Bridgewater Associates LP, speaks at the Abu Dhabi Finance Week (ADFW) conference in Abu Dhabi, United Arab Emirates, on Tuesday, Dec. 10, 2024. Bloomberg | Bloomberg | Getty Images Bridgewater founder Ray Dalio said on Sunday that he is worried that the turmoil resulting from President Donald Trump’s tariff and economic […]
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Trump Commerce chief fuels tariff confusion, saying exemptions for phones, computers and other electronics are not permanent
U.S. Commerce Secretary nominee Howard Lutnick speaks inside the Capital One arena on the inauguration day of Donald Trump’s second presidential term, in Washington, U.S., January 20, 2025. Mike Segar | Reuters President Donald Trump’s Commerce Secretary Howard Lutnick suggested Sunday that the reciprocal tariff exemptions for some electronics may be short-lived, and said separate […]
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China urges Trump to correct mistakes and heed ‘rational voices’ on reciprocal tariffs
China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China. “We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its […]
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Japan policymaker wants stronger yen, says Tokyo shouldn’t sell Treasuries
View of the headquarters of the Bank of Japan in Tokyo. Sopa Images | Lightrocket | Getty Images TOKYO, April 13 (Reuters) – Japan must strengthen the yen, such as by helping boost the country’s industrial competitiveness, as the currency’s weakness has pushed up households’ living costs, the ruling party’s policy chief said on Sunday. […]
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