Employee Fears of an Economic Downturn Rise on Latest Data
Though recent bumps in joblessness, growth, and inflation data remain minor, workers still worry that Trump’s tariffs, mass federal employee layoffs, and spending cuts could tank the economy.
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Topics
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US stocks post worst slide in two months on gloomy economic data
Sentiment among businesses and consumers cools sharply as tariffs and inflation take a tollFinancial Times - Feb. 21 -
Alarm over Musk's latest demands for federal employees
Elon Musk posted on social media about federal workers having to document their work or risk losing their jobs. This comes as more details emerge about USAID worker firings and as Musk persists on ...CBS News - 4d -
Trump tracker: the latest data on US trade, tariffs and economy
As the president threatens a trade war, follow the latest on tariffs and executive ordersFinancial Times - 1d -
As consumer delinquencies rise, U.S. economic growth increasingly powered by the wealthy
Most official data continues to show the U.S. economy is humming along, with unemployment historically low and inflation expectations still relatively stable.NBC News - 6d -
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.CBS News - 3d -
6,000 IRS Employees Fired in Latest Round of Trump Cuts
Labor unions have sued to try to stop the mass firings, but this ruling has allowed them.Inc. - Feb. 20 -
Some agencies tell employees to hold off responding to latest Musk email
Multiple federal agencies appeared to be caught off guard by the Elon Musk-directed email from the Office of Personnel Management.ABC News - 5d -
Dow drops 700 points for worst day of 2025 so far on new fears about economic growth
Stocks sold off on Friday as new U.S. data sparked concern among investors over a slowing economy and sticky inflation, leading them in search of safer assets.NBC News - Feb. 21
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Trump’s ‘World War III’ warning to Zelensky rattled stocks. Why they quickly recovered.
Markets are reacting like it’s “theater” and a Ukraine-Russia peace deal can still move forward, strategist says.MarketWatch - 15m -
Starmer expresses support for Ukraine after calls to Trump and Zelenskyy
Dramatic conclusion of White House meeting comes as US and Ukraine had planned to sign mineral dealFinancial Times - 16m -
How the Trump-Zelenskyy clash unfolded
Oval Office meeting deteriorated into an angry argument that exposed years of mistrust between the leadersFinancial Times - 18m -
Worried about Social Security staff cuts? Put money aside now, the agency’s former director says.
Martin O’Malley said DOGE’s involvement in Social Security will hurt beneficiaries. Brace for delays in service — and even benefits.MarketWatch - 19m -
Closely watched Atlanta Fed GDP tracker sees U.S. economy contracting in first quarter
This would be the first negative quarter in three years, and comes as talk of a possible recession picks up.MarketWatch - 32m