U.S. Economy
Ron Insana: Confidence in the U.S. will be shaken if Trump seeks to remove Powell as Fed chair
Inflation, recession and stagflation won’t be the only driving forces behind investment decisions if President Donald Trump attempts to remove Federal Reserve Chairman Jerome Powell from his perch atop the central bank before he is set to step down. If the president were to fire the Fed chairman, I’d be inclined to recommend investors sell […]
Read More
Trump tariffs could lead to a summer drop-off in economic activity after an ‘artificially high’ start, Chicago Fed chief says
Business owners and CEOs are already stocking up on inventory, and some American shoppers are panic buying big-ticket items in anticipation of President Donald Trump’s tariffs. The sudden buying binge could cause an “artificially high” level of economic activity, said Federal Reserve Bank of Chicago President Austan Goolsbee. “That kind of preemptive purchasing is probably […]
Read More
Sen. Van Hollen says trip to El Salvador was about defending the right of due process, not ‘defending the man’
U.S. Senator Chris Van Hollen (D-MD) speaks to the media during a visit to El Salvador to advocate for the release of Kilmar Abrego Garcia in San Salvador, El Salvador, April 16, 2025. Jose Cabezas | Reuters Maryland Sen. Chris Van Hollen said Sunday that his trip to El Salvador to meet with Kilmar Abrego Garcia […]
Read More
Trump’s approval rating on the economy drops to lowest of his presidential career, CNBC Survey finds
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey. The survey found that the boost in economic optimism that accompanied Trump’s reelection has disappeared, with more Americans now believing the […]
Read More
Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty Images Entertainment | Getty Images French […]
Read More
Trump’s tariffs are ‘inviting corruption,’ Democrats tell Bessent, Lutnick
Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans’ budget resolution on April 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Dozens of Democratic lawmakers are warning that President Donald Trump’s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme […]
Read More
Treasury yields rise as Fed chief warns of impact of U.S. tariffs
U.S. Treasury yields rose on Thursday as investors weighed the state of the U.S. economy after Federal Reserve Chairman Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. At 3:55 a.m. ET, the benchmark 10-year Treasury yield rose around 4 basis point to 4.319%. The 2-year Treasury yield was up over […]
Read More
Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
Read More
Judge finds probable cause to hold Trump administration in criminal contempt in deportation flights case
U.S. President Donald Trump arrives for a presentation of the Commander-in-Chief trophy to the U.S. Navy Midshipmen football team of the United States Naval Academy, at the White House in Washington, D.C., U.S., April 15, 2025. Evelyn Hockstein | Reuters A federal judge found probable cause to hold the Trump administration in criminal contempt for […]
Read More
How investors are positioning ahead of a big March retail sales report
Tariffs and trade policies have been dominating the market action since April 2, but the March retail sales report still has the potential to impact investor confidence and positioning. Economists see sales rising 1.2% month over month, according to Dow Jones. A pull-forward of spending by consumers in an attempt to get ahead of higher […]
Read More