Latest in U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
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Elon Musk could be a bridge between the U.S. and China — but for which country’s benefit?
Tech billionaire Elon Musk’s financial interests in China have raised concern that they could influence his work as a senior adviser to President Donald Trump.NBC News - 1d -
Commanders continue to add offensive line depth in free agency
The Washington Commanders continue to add reinforcements for their offensive line.Yahoo Sports - 2d -
Wall Street Journal: 'Someone should sue' Trump over tariffs
The Wall Street Journal editorial board took a swipe at President Trump's recent tariff threats, alleging the administration is using a 48-year-old law to start a trade war. In a recent op-ed, the ...The Hill - Mar. 8 -
Delta Air Lines slashes earnings outlook on weaker U.S. demand, sending shares lower
Delta Air Lines cut its first-quarter revenue and profit forecasts, citing weaker consumer and corporate travel demand.CNBC - 6d -
U.S. makes concession, dropping additional 25 percent tariff on steel & aluminum: Ontario premier
Ontario Premier Doug Ford joins Meet the Press NOW to discuss his decisions to lift the 25% surcharge on electricity exports after speaking with Commerce Secretary Howard Lutnick. It comes after ...NBC News - 5d -
U.S. economy on shaky footing, Trump calls it a "detox period"
The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's ...CBS News - Mar. 8 -
Ontario premier says he needs 'to sit down as quickly as possible' with Trump on tariffs
Ontario Premier Doug Ford said Monday that he needs "to sit down as quickly as possible" with President Trump regarding tariffs. ‘We're seeing inflation happening already, and it's unnecessary. We ...The Hill - 6d -
DHS administering lie detector tests to employees in effort to find leakers
Last month, Homeland Security Secretary Kristi Noem said DHS would start polygraphing employees in order to crack down on who may be leaking information to the media about its immigration raids.CBS News - Mar. 8 -
European stocks have crushed the U.S. — now a big bank is shifting its view
The year has started with a big rally for European stocks as the U.S. market struggles to remain above water. Now, HSBC strategists are changing their tune.MarketWatch - 6d -
The U.S. Agreed to Resume Military Aid to Ukraine
Also, Trump walked back a plan to double metal tariffs on Canada. Here’s the latest at the end of Tuesday.The New York Times - 5d -
Latest news on stock markets plunging amid fears of a recession
U.S. stocks plummeted as fear among investors grows over the country's economic future. CBS News' Weijia Jiang reports from the White House, and Kelly O'Grady and Javier David have more on the ...CBS News - 6d -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - Mar. 9 -
Oil ends higher, a day after tariff-induced recession fears pulled prices to 6-month lows
Oil futures finished higher Tuesday, a day after ending at six-month lows as fears of a global economic slowdown from rising trade tensions prompted a global selloff for equities and other assets ...MarketWatch - 5d -
US stocks drop, Dow closes down amid fresh tariffs on Canada, recession fears
The selloff on Tuesday extended losses suffered a day earlier.ABC News - 5d -
House Republican: Trump is 'right over the target' with EU wine tariff threat
Rep. Warren Davidson (R-Ohio) applauded President Trump’s threat to put a 200 percent tariff on wine, Champagne and other alcohol imported from the European Union (EU) if the bloc does not remove a ...The Hill - 3d -
Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs
Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.The New York Times - 2d -
China's retaliatory tariffs take effect as American farmers, stocks reel
China's retaliatory tariffs on U.S. agricultural goods will affect American farmers. This comes as the stock market continues to show the effects of a growing trade war. CBS News' Anna Coren reports.CBS News - 6d -
Trump announces more tariffs on Canada's steel, aluminum as stocks continue stumbling
President Trump announced more tariffs on Canada's steel and aluminum after Ontario announced a tax on electricity for the U.S. CBS Moneywatch correspondent Kelly O'Grady reports and CBS News' Fin ...CBS News - 5d -
Local businesses grapple with Trump's tariffs as G7 envoys meet in Canada
DRUMMONDVILLE, Canada — Fury over President Donald Trump’s steel and aluminum tariffs is fueling growing anxiety across Canada — especially in this working-class Quebec city where some 18% of local ...NBC News - 4d -
Canada files WTO complaint over US steel, aluminum tariffs
Canada has filed a complaint with the World Trade Organization (WTO), asking it to dispute consultations with the U.S. regarding the tariffs on certain aluminum and steel products coming from ...The Hill - 3d -
Trump's 200% tariffs could have an unlikely winner — troubled beer brewers
U.S. President Donald Trump's threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary — the ...CNBC - 2d -
Trump retreats from 50% tariffs on Canadian metals. Here’s what comes next.
President Donald Trump on Tuesday backed off a 50% tariff on imports of Canadian steel and aluminum, ratcheting down a threat against a major U.S. trading partner on another day of whiplash for ...MarketWatch - 5d -
Lutnick: ‘There’s going to be no recession in America’
Commerce Sec. Howard Lutnick shot down the possibility of a forthcoming recession in America, in an interview on NBC News’s “Meet the Press” on Sunday. “Absolutely not,” Lutnick said when asked ...The Hill - Mar. 9 -
Trump's Canada, Mexico tariffs try to 'stop the bleeding' in US economy: UAW chief
President Donald Trump's tariffs on Canada and Mexico "are an attempt to stop the bleeding" in the U.S. economy, United Auto Workers President Shawn Fain said.ABC News - Mar. 9 -
Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents
The president had threatened to hit Canadian metals with 50 percent tariffs but opted not to go ahead after Ontario lifted a charge on U.S. electricity.The New York Times - 5d -
Here are the states facing big hits from the E.U.’s retaliatory tariffs on American liquor
The U.S. liquor industry has been hoping to avoid retaliatory tariffs on its products, but instead they look set to hit — and weigh on southern states in particular.MarketWatch - 4d -
US toughens visitor registration rules for Canadians
The United States is cracking down on long-term visits from Canadians by now requiring visitors in the U.S. longer than 30 days to register with the government. Those who are over the age of 14 ...The Hill - 4d -
Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates
A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?. Monetary policymakers on both sides of the Atlantic will be ...The Guardian - 1d -
Price growth cooled more than expected in February, before Trump ramped up tariffs
The president took office promising to immediately lower inflation, but economists say his expanding trade war threatens progress on price hikes.NBC News - 5d -
Markets open down again, Trump announces more tariffs against Canada
Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...CBS News - 5d -
Trump Doubles Tariffs on Canada’s Steel and Aluminum
Small manufacturers in the U.S. will likely be hurt by resulting cost increases. The president is unmoved.Inc. - 5d -
Wholesale inflation flattens out in February in another sign of easing inflation
Wholesale prices were unchanged in February, offering more evidence that inflation pressures eased somewhat in early 2025.MarketWatch - 3d -
Buying a Car? Trump’s Tariffs Could Make It More Expensive.
New car prices could increase $4,000 or more, according to one estimate. And used cars could also rise in price. “It’s a crazy situation for consumers,” an expert said.The New York Times - 2d -
Central banks should fear misbehaving inflation expectations
Widening dispersion and greater inflation uncertainty mean expectations are not as anchored as they appearFinancial Times - 5d -
Stocks Rise After Tumult, but Investors Remain Wary of Trade Tensions
Markets rose on better-than-expected inflation news, but uncertainty spurred by more rounds of tit-for-tat tariffs continued to weigh on investors.The New York Times - 4d -
Fetterman on Trump tariffs: We don't have to 'punch' allies 'in the mouth'
Sen. John Fetterman (D-Pa.) said he disagrees with President Trump’s approach to tariffs on Canada and Mexico, calling it a blow to the U.S.'s working relationship with its allies. “Truthfully, I ...The Hill - 4d -
Canada's public safety minister addresses border security, tariffs
The Trump administration said that border security is prompting tariffs against Canada and Mexico. President Trump said Canada specifically does not do enough to curb fentanyl from entering the ...CBS News - 3d -
S&P 500 gets closer to correction territory Tuesday as investors grapple with Trump tariff fears
The U.S. stock market is struggling with soured sentiment over President Donald Trump’s tariffs, with the S&P 500 attempting to rebound from a big slump that left it near correction territory.MarketWatch - 5d -
Trump says he considering cutting back on Canada tariffs as stock markets bounce
President Trump says he is considering reducing the new tariffs he announced on Canada's steel and aluminum as a response to Ontario's tax on electricity to the U.S. This comes as the stock markets ...CBS News - 5d -
Here's why banks don't want the CFPB to disappear
For years, American financial companies have fought the Consumer Financial Protection Bureau — the chief U.S. consumer finance watchdog — in the courts and media, portraying the agency as ...NBC News - 6d