Latest in U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff fueled recession fears
Sort by
598 items
-
U.S. crude oil losses deepen as Trump tariffs fuel recession fears
U.S. oil prices dropped below $60 a barrel as the global market sell-off on recession fears fueled by President Donald Trump's tariffs escalated.CNBC - 16h -
Oil drops further as fears of global recession rise
Trump welcomes fall in oil price as he signals he is pushing ahead with sweeping tariffsFinancial Times - 18h -
Restaurant stocks fall as investors fear recession, sales slowdown
Restaurant stocks, from McDonald's to Chipotle, fell as investors fear a recession is coming.CNBC - 17h -
Bitcoin drops to $74,000 before rebounding as cryptocurrencies join global market rout
Bitcoin broke below $80,000 as rattled investors braced for further carnage after Trump's tariffs raised global recession fears.CNBC - 16h -
Oil Prices Tumble Further as Trump’s Tariffs Weigh on Economic Outlook
Crude oil now costs 15 percent less than it did before the president revealed his plans to impose stiff new tariffs on imports from most countries.The New York Times - 22h -
60 Minutes reports on the bourbon barrel business
Next week, 60 Minutes will explore the fascinating life of the bourbon barrel. New oak barrels are built, charred, then filled with what will become bourbon through years of aging.CBS News - 14h -
‘Wait, Baby, Wait’: Slumping Oil Prices Reflect Economic Worries
Fears that President Trump’s tariffs could slash global economic growth — and demand for oil — are weighing on the market.The New York Times - 3d -
JPMorgan Says ‘There Will Be Blood’ as Stocks Tumble and Recession Odds Grow to 60 Percent
Fed warns of ‘highly uncertain outlook’ as JPMorgan and other analysts increase recession odds in response to Trump’s tariff war.Inc. - 3d -
Trump's tariffs were expected to boost the dollar, but recession fears are dragging it down
A key dollar index fell about 3% in the 24 hours surrounding Trump's tariff announcement and is now back to pre-election levels.CNBC - 1d -
Inside the booming, bourbon-driven barrel business | 60 Minutes
When it comes to wine and whiskey – especially bourbon – the oak barrel reigns, not just as a container, but also for the magic that the wood gives to the whiskey.CBS News - 16h -
The Trump Tariffs Are How Everything Works Now
The US is barreling toward a recession for no good reason, and dragging the world—and a few thousand penguins on remote Antarctic islands—down with it.Wired - 4d -
Trump’s Tariffs Put the Fed in an Impossible Corner
Stakes are rising as Jerome Powell weighs recession concerns with inflation fears.Inc. - 3d -
Trump officials vow to stay the course on tariffs despite market turmoil
Treasury secretary rejects recession fears and says tough ‘reciprocal’ levies will not be delayedFinancial Times - 1d -
Walmart is facing tariffs and recession fears. It may have a secret weapon to keep growing
Walmart said its Walmart+ members account for about half its e-commerce sales, a key source of revenue as tariffs raise worries about the economy.CNBC - 1h -
CEOs Cry Foul Over Trump’s Tariffs: ‘This Is Not What We Voted For’
As markets whipsaw and recession fears grow, businesses small and large are on edge amid tariff-induced uncertainty.Inc. - 16h -
Trump: Tariffs sparking investment in US
President Trump late Sunday defended his tariff plan amid recession fears, saying they are sparking investment in the United States. Trump spoke aboard Air Force One, where he said he was elected ...The Hill - 23h -
‘A lot of red:’ Markets fall again following Trump tariff announcement
President Trump is doing little to calm investors as analysts at JPMorgan warn of a global recession. NBC News Correspondents Yamiche Alcindor and Brian Cheung, CNBC Reporter Steve Liesman and ...NBC News - 3d -
CEOs think the U.S. is 'probably in a recession right now,' says BlackRock's Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.CNBC - 16h -
Trump’s Threatened Tariff on Buyers of Venezuelan Oil Could Squeeze China
Venezuela owes China’s banks about $10 billion, and its oil is about the only legal way it has to pay them back.The New York Times - 4d -
The Pandemic Is Not the Only Reason U.S. Students Are Losing Ground
For years, the country’s lowest-scoring students were steadily improving on national tests. Starting around 2013, something changed.The New York Times - 1d -
4/7: CBS Evening News
Countries seek relief from Trump tariffs as recession fears grip market; These rural Texas high schools are teaming up to stay aliveCBS News - 3h -
Wood to Whiskey | Sunday on 60 Minutes
With a history spanning 2,000 years, oak barrels are much more than containers — they are a vital ingredient in the production of bourbon whiskey. Sunday, Bill Whitaker takes us inside the largest ...CBS News - 1d -
Global stocks plummet as Trump offers no respite from tariffs
Asian and European indices and US futures fall in wake of worst week for Wall Street equities since pandemicFinancial Times - 1d -
UConn finishes season at No. 1 in AP women's basketball poll for first time since 2021
UConn capped its season at No. 1 in The Associated Press Top 25 women’s basketball pol l on Monday, one day after winning its 12th national championship. The Huskies received all 31 votes from a ...Yahoo Sports - 19h -
Venezuela’s criminal state and the human wreckage it creates
The U.S. has imposed a 25 percent tariff on Venezuelan oil in response to Nicolás Maduro's refusal to take back deported Venezuelan migrants, and the tariff could lead to the regime's decline by ...The Hill - 17h -
'This is the Trump recession,' CEOs say, with tariff price increases, job losses coming: CNBC survey
CEOs expect a recession, price hikes and job losses as a result of President Trump's tariffs, according to a flash survey of CNBC CEO Council members.CNBC - 8h -
Goldman Sachs hikes recession probability to 45 percent
Goldman Sachs analysts are again raising the odds of a recession as markets continue to reel in the wake of President Trump’s sweeping tariff actions. The bank warned in a new report on Sunday that ...The Hill - 20h -
Farm-state Republicans rocked by tariffs fear Trump lacks exit strategy
Republicans in Congress feel rattled about what they say is the lack of a clear outcome or exit strategy for President Trump’s trade war, which they fear will close lucrative markets for wheat, ...The Hill - 1h -
U.S. stock futures sag, overseas markets plunge as tariff turmoil continues
Stocks in the U.S. look set for another for another rough outing Monday as the Trump tariff fallout continues to roil global markets.CBS News - 16h -
China Retaliates Hard in Trade War by Slapping Tariffs on U.S. Goods
Canada and other countries also readied retaliation after President Trump raised U.S. tariff barriers to their highest level in more than a century.Inc. - 3d -
Why Asian markets are seeing such steep falls
Asian markets from Tokyo to Sydney plunged amid increasing fears of a global economic downturn.BBC News - 1d -
Lawyer says client was flown from U.S. to Salvadoran mega-prison based on tattoos
The U.S. sent 238 Venezuelan migrants to a Salvadoran mega-prison. The Trump administration says they’re all gang members, but 60 Minutes could find no criminal records for 75 percent of them.CBS News - 1d -
Red Sox's Duran shares story of suicide attempt
Red Sox outfielder Jarren Duran said his on-field struggles during the 2021 and 2022 seasons fueled his mental health struggles to the point that he attempted suicide.ESPN - 6h -
Dow closes 349 points lower after roller coaster trading amid tariff fallout
President Donald Trump's tariffs stoked fears of a wider global trade war.ABC News - 13h -
A proposed tax credit could help homeowners hit by climate-fueled natural disasters
Two U.S. senators introduced a bill Tuesday that aims to minimize damage to homes and communities from floods, wildfires and other natural disasters through a federal tax credit.NBC News - 1h -
Is the US heading for a recession? Three warning signs to watch
Michelle Fleury explains the factors to watch in the economy after President Trump’s tariff announcements.BBC News - 3h -
Bitcoin Is Down 10% Since Trump’s Global Tariff Announcement
The rapid drop shows that cryptocurrencies, which the president has promoted, are subject to the same market gyrations as any other risky asset.The New York Times - 1d -
U.S. Farmers Brace for Losses in New Trade War With China
China is the third-biggest buyer of U.S. agricultural products. Now that it has punched back with tariffs on American goods, farmers can expect to feel the pain.The New York Times - 3d -
Canada Drops the Gloves in Tariff Spat, Makes Its Case on U.S. Billboards
The tariffs-are-a-tax messages are targeting residents in places like Pittsburgh that count on Canadian trade.The New York Times - 2d -
China Accuses U.S. of Blackmail After Trump Threatens More Tariffs
China sees little to gain in capitulating to President Trump’s tariff threats, labeling them “blackmail” and vowing to “fight to the end.”The New York Times - 13m