Breaking News: Economy
Investors are growing concerned about a U.S. asset exodus as Treasuries and the dollar decline
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images The April sell-off for financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing […]
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How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
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Bank of England’s Greene says dollar drop adds to tariff inflation puzzle
Bank of England interest rate-setter Megan Greene said on Saturday it was unclear what U.S. President Donald Trump’s import tariffs would do to UK inflation with the unpredictable behaviour of the dollar adding to the puzzle. Higher barriers to trade were likely to weigh on economic growth in countries in Europe, Greene said during a […]
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10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens. The benchmark 10-year Treasury yield advanced more 10 basis points to 4.495%. It earlier jumped to its highest level since Feb. 13. The 2-year […]
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Trump tariff collection for freight shipments delayed by Customs ‘glitch’
An alert from U.S. Customs and Border Protection on Friday notified users of a glitch in the system that is used to exempt freight from tariffs, including shipments from China that were already on the water at the time of this week’s whipsaw in tariffs policy, and any trade from nations now under the 90-day […]
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Stocks making the biggest moves midday: Frontier Group, JPMorgan, Apple, Stellantis, BlackRock and more
Check out the companies making headlines in midday trading. Frontier Group — Shares plunged 11% after the airline cut its first-quarter outlook and pulled its full-year outlook, citing weaker-than-expected demand and economic uncertainty. Stellantis — Stellantis shares dipped about 1% after the company said its global shipments fell to 1.2 million vehicles in the first […]
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Tech stocks head for winning week with Nvidia tracking for 15% bounceback
Nvidia CEO Jensen Huang delivers the keynote for the Nvidia GPU Technology Conference (GTC) at the SAP Center in San Jose, California, U.S. March 18, 2025. Brittany Hosea-Small | Reuters Technology stocks were on pace for a winning week Friday on the heels of a volatile stretch spurred by ongoing tariff uncertainty and economic fears. […]
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BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now
Larry Fink, chief executive officer of BlackRock Inc., at the Berlin Global Dialogue in Berlin, Germany, on Tuesday, Oct. 1, 2024. Bloomberg | Bloomberg | Getty Images BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened. “I think we’re very close, if not in, a recession now,” Fink […]
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Frontier Airlines cuts flights after travel demand fell in March
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also cut its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up […]
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U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum speak with members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. Kent Nishimura | Reuters ABU DHABI, United Arab Emirates — U.S. Energy Secretary Chris Wright said he is not […]
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