Breaking News: Economy
Trump acknowledged he could cause a recession, but just didn’t want a depression, according to WSJ
President Donald Trump wanted to avoid sending the economy into a depression through his contentious plan for tariffs, according to The Wall Street Journal. Trump privately said he was aware that his broad and steep plan for levies unveiled last week could tip the economy into a recession, but he didn’t want a depression, according […]
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Here’s the inflation breakdown for March 2025 — in one chart
Key Points The annual consumer price index fell to 2.4% in March, down from 2.8% in February, according to the Bureau of Labor Statistics. President Donald Trump’s tariff agenda and the prospect of a global trade war threaten to reverse progress in coming months. Source
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Rollercoaster week for global bonds continues as ‘Trump put’ sparks reversals
Traders work on the floor of the New York Stock Exchange (NYSE) on April 09, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images Global bond yields largely reversed course on Thursday as equities rebounded on a historically volatile week for markets driven by U.S. President Donald Trump’s tariff policy. […]
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10-Year Treasury yields fall after Trump’s tariff reprieve
U.S. Treasury yields moved lower on Thursday as investors breathed a sigh of relief after U.S. President Donald Trump enacted a 90-day tariff reprieve on most countries, reversing a sharp sell-off in bonds. At 4:50 a.m. ET, the 10-year Treasury yield was lower by over 10 basis points to 4.288%, and the 2-year Treasury yield also dropped just […]
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Trump tariffs: White House blinks first with temporary reprieve; China’s duties kick in
China has been ‘isolated’ amid U.S. tariffs, Bill Ackman says China has been “isolated as a bad actor” as a result of mounting trade tensions and tariff impositions with the U.S., billionaire investor Bill Ackman said Thursday in a social media post. “Every American company is immediately moving their supply chains out of China back […]
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PC shipments increased in first quarter as companies braced for tariffs
Dell, HP and Lenovo laptops on display at the Consumer Electronics Show 2025 in Las Vegas, on Jan. 8, 2025. Artur Widak | Nurphoto | Getty Images Personal computer shipments rose in the first quarter of the year as companies sped up deliveries to gear up for incoming tariffs. Research firm Canalys estimates that shipment […]
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Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald […]
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Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday’s pop
The Nasdaq Marketsite is seen during morning trading on April 7, 2025 in New York City. Michael M. Santiago | Getty Images Every bear market has days like this. The Nasdaq soared 12% on Wednesday, the second-best day on record for the tech-heavy index and its sharpest rally since January 2001, which was the middle […]
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Apple bounces 3% after worst losing streak since 2000
CEO of Apple Tim Cook speaks at an event in 2022. Jerod Harris | Getty Images Entertainment | Getty Images Apple shares rallied more than 3% Tuesday after the iPhone maker posted its worst four-day losing stretch since 2000. The rise came amid a broader rally in technology stocks and on the heels of a […]
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Bonds crater, 10-year yield briefly spikes above 4.5% in confounding move that’s worrying Wall Street
Traders work in the S&P 500 Index (SPX) options pit at the Cboe Global Markets exchange in Chicago, Illinois, US, on Tuesday, April 8, 2025. Jim Vondruska | Bloomberg | Getty Images The bond market — not a plunging stock market — is the talk of Wall Street Wednesday with prices tumbling and yields spiking, […]
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