Latest in Important Consumers Economy
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Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Why the Apollo economist who coined ‘no landing’ now sees intensifying risks to the U.S. economy
Policy uncertainty is no friend to animal spirits, says a leading economist.MarketWatch - Feb. 24 -
‘I have fear of financial insecurity’: I’m 58, recently widowed with $1 million saved for retirement. What if the economy tanks?
“My pension after taxes is estimated at $6,500 per month. I’m eligible at age 60 to access $2,400 per month of my husband’s Social Security.”MarketWatch - Feb. 25 -
'The knowledge economy is on the way out.' These are the skills workers will need in the age of AI, says LinkedIn
Skills such as creativity, curiosity, courage, compassion and communication will be key as AI continues to disrupt workforces, said LinkedIn's Aneesh Raman.CNBC - Feb. 26 -
Ukraine’s economy could grow by 5% next year if hostilities end, EBRD says
European reconstruction bank will help rebuild country if peace is agreed but a lasting end to conflict is needed. The war-torn Ukrainian economy could expand by 5% next year if a ceasefire is ...The Guardian - Feb. 27 -
Trump administration briefing: hundreds fired from US climate agency as Americans feel economy getting worse
Democrats warn that cutting jobs at Noaa ‘will cost American lives’ – key US politics stories from Wednesday at a glance. The Trump administration has fired hundreds of workers at the National ...The Guardian - 6d -
Trump can’t fulfil his promise to fix the economy, so he’s blaming workers instead
Forget about inflation. Now it’s all about cutting ‘waste’ in the form of jobs and our already paltry social safety net. During his presidential campaign, Donald Trump never missed an opportunity ...The Guardian - 6d -
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 - 5d -
The economy’s at risk of plunging into an air pocket, says JPMorgan. What that would mean for stocks.
Investors are brushing aside the possibilities of more turbulence to come for the U.S. economy and potential fallout for markets, warns JPMorgan.MarketWatch - 3d -
Trump’s tariff talk is raising inflation and could weaken the economy, ISM finds: ‘Customers are pausing on new orders’
The specter of rising U.S. inflation reared its head in February as the cost of supplies for U.S. manufacturers jumped to more than a 2 1/2-year high in response to new or threatened tariffs by ...MarketWatch - 3d -
The top 10% of Americans are propping up the economy. Here’s what will happen if they stop spending.
The wealthy are spending, but many consumers are pulling back — and the stock market is fragile.MarketWatch - 2d -
How Does Warren Buffett Think Tariffs Will Affect the U.S. Economy? He Just Called Them an ‘Act of War’
President Trump says tariffs on Canada and Mexico will begin Tuesday. Here’s what Warren Buffett thinks of the idea.Inc. - 2d -
Bank of England governor says risks to UK, global economy from trade wars ‘substantial’ – as it happened
Andrew Bailey says ‘essential that we don’t abandon multilateralism;’ European stock markets, euro rally after Germany announces fiscal ‘bazooka’. German stock markets are surging while the ...The Guardian - 1d -
U.S. economy is still growing, ISM says, even as Trump tariffs generate ‘great uncertainty’ and fuel further inflation
The large service side of the U.S. economy that employs most Americans grew in February, but businesses said they were nervous about the Trump tariffs and were already facing higher costs.MarketWatch - 1d -
Germany's fiscal U-turn could be a 'game changer' for the country's sluggish economy, analysts say
Leaders of the likely incoming coalition government announced plans to reform the debt brake and create a special investment fund.CNBC - 1d -
Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank
Although UK may avoid tariffs, overall productivity could be impacted by tit-for-tat tariffs between economies. A full-blown trade war would pose a “substantial” threat to the British economy, Bank ...The Guardian - 1d -
Congress' proposed cuts may jeopardize Medicaid and negatively impact the economy, report finds
Federal cuts to Medicaid would impact more than 80 million people who rely on the program. It may also negatively effect the economy, new research finds.CNBC - 1d -
ECB cuts rates again and warns trade war fears are hurting Europe’s economy
Quarter-point cut to deposit rate, to 2.5%, comes as Trump prepares to impose tariffs on EU exports to US. Business live – latest updates The European Central Bank has cut interest rates ...The Guardian - 5h -
U.S. will collapse Iran's economy by shutting down its oil industry, Treasury secretary says
Trump has launched a maximum pressure campaign on Iran but has also said he wants to negotiate a nuclear deal with the Islamic Republic.CNBC - 15m