Breaking News: Economy
Watch Fed Chair Jerome Powell speak live on interest rates and tariffs
[The stream is slated to start at 11:25 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Friday to the Society for Advancing Business Editing and Writing conference in Arlington, Virginia. The central bank leader’s appearance, including prepared remarks and a […]
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Powell sees tariffs raising inflation and says Fed will wait before further rate moves
US Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | Afp | Getty Images Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump’s tariffs to raise inflation and lower growth, and […]
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U.S. payrolls rose by 228,000 in March, but unemployment rate increases to 4.2%
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday. Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the Bureau of Labor Statistics. However, […]
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Trump tariff live updates: China punches back, sending U.S. markets tumbling
China tariffs slap back at Trump’s plan China’s President Xi Jinping attends the Asia-Pacific Economic Cooperation (APEC) Summit in San Francisco, California, U.S. November 17, 2023. Carlos Barria | Reuters China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. The China tariffs take effect on April 10. The […]
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Trump tariffs are ‘pure madness’ and the European Union should not comply, former Italian PM says
U.S. President Donald Trump’s so-called ‘Liberation Day’ trade tariffs are “madness, pure madness”, according to former Italian Prime Minister and Dean of the IE School of Politics Enrico Letta, who called the reciprocal levies “incomprehensible.” Speaking to CNBC’s Silvia Amaro on the shores of Lake Como at the Ambrosetti Forum on Friday, he said Trump […]
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El-Erian says U.S. recession risks are now ‘uncomfortably high’
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty Images President Donald Trump’s extensive raft of import tariffs are putting the U.S. economy at risk of recession, Allianz’s Chief Economic Advisor Mohamed El-Erian warned on Friday. He added that Trump’s swathe of so-called reciprocal tariffs could have a significant effect on the […]
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AI could affect 40% of jobs and widen inequality between nations, UN warns
Artificial intelligence robot looking at futuristic digital data display. Yuichiro Chino | Moment | Getty Images Artificial intelligence is projected to reach $4.8 trillion in market value by 2033, but the technology’s benefits remain highly concentrated, according to the U.N. Trade and Development agency. In a report released on Thursday, UNCTAD said the AI market […]
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Small-cap benchmark Russell 2000 becomes first major U.S. stock measure to enter bear market
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 3, 2025. Charly Triballeau | Afp | Getty Images Small-cap stocks, which were once thought to be primary beneficiaries of President Donald Trump’s policies, entered bear market territory on Thursday after a […]
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Stocks making the biggest moves midday: Lululemon, Nike, Tesla, Nvidia and more
Check out the companies making headlines in midday trading: Lululemon — The athleisure company saw shares plunging more than 11% after President Donald Trump’s imposition of tariffs on countries where the firm imports a big portion of its products. In 2024, Lululemon sourced 40% of its products from Vietnam, which was hit by a 46% […]
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How did the U.S. arrive at its tariff figures?
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images Markets have turned their sights on how President Donald Trump’s administration arrived at the figures behind the sweeping tariffs on U.S. imports declared Wednesday, which sent […]
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