Breaking News: Economy
Trump rejects pleas from business for more clarity on tariffs: ‘They always say that’
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | Reuters President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House […]
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Trump ‘an agent of chaos and confusion,’ economists warn — but a U.S. recession isn’t in the cards yet
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters Global market volatility and geopolitical turbulence in the wake of President Donald Trump’s return to the White House have led to warnings that the U.S. economy could be heading for […]
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Trump downplays business concerns about uncertainty from his tariffs and the prospect of higher prices
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t […]
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Powell says Fed is awaiting ‘greater clarity’ on Trump policies before making next move on rates
Key Points Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see how President Donald Trump’s aggressive policy actions play out before it moves again on interest rates. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” the central bank chief […]
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Treasury Secretary Bessent says economy could be ‘starting to roll a little bit’
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | Reuters Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy. “Could we be seeing that this economy that we inherited starting to roll a […]
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U.S. payroll growth totals 151,000 in February, less than expected
Job growth was weaker than expected in February though still stable despite President Donald Trump’s efforts to slash the federal workforce. Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month, better than the downwardly revised 125,000 in January, but less than the 170,000 consensus forecast from Dow Jones, the Labor Department’s Bureau of […]
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European leaders back defense spend push amid uncertainty over Trump aid to Ukraine
A week since Ukrainian President Volodymyr Zelenskyy’s heated expulsion from the White House, European leaders have upped the ante on defense spending plans as they seek to support Kyiv and fill a potential void of U.S. aid. This week, the European Commission proposed measures for fiscal flexibility on defense spending and a plan to […]
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China’s exports grew 2.3% on year in Jan-Feb, well short of market estimates
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. CFOTO | Future Publishing | Getty Images China’s exports growth slowed more than expected at the start of the year, data from the customs authority showed Friday, as higher U.S. tariffs partly offset momentum […]
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Social media chatter about Thailand pops 60% following ‘White Lotus’ premiere
Social media conversations about traveling in Thailand rose 60% after the premiere of the third season of “The White Lotus” on Feb. 16. The data measured social media chatter during the three days before and after the show’s airing, according to social media analytics company Sprout Social. The Emmy-winning HBO series is expected to draw […]
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Treasury Secretary Bessent says the American dream is not about ‘access to cheap goods’
Scott Bessent, US treasury secretary, speaks during an Economic Club of New York (ECNY) event in New York, US, on Thursday, March 6, 2025. Sanctions on Russia “will be used explicitly and aggressively for immediate maximum impact” at President Donald Trump’s guidance, Bessent said Thursday. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary […]
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