Latest in Midterms Economy Wobbly
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U.S. oil falls back below $60 per barrel as traders focus on escalating U.S.-China trade war
Trump's decision to increase tariffs on China, the world's second-largest economy and biggest crude importer, to an eye-watering 125% weighed on the market.CNBC - 10h -
Southeast Asia, With Little Leverage, Seeks to Placate Trump on Trade
Southeast Asian leaders, their export-driven economies in peril, are trying to placate the president. “We may have to comply,” Thailand’s finance minister said.The New York Times - 10h -
Harris couldn’t escape ‘being a representative of the status quo’ during campaign, Schiff says
Sen Adam Schiff (D-Calif.) tells Kristen Welker on Meet the Press that Democrats’ past failure to address “structural challenges” of the economy led to the party losing the White House in 2024.NBC News - 4d -
Stocks fall after day of wild swings as markets digest Trump's tariff reality
Wall Street ended largely lower Monday after a wild trading day as President Donald Trump escalated his trade war with aggressive tariffs that have rocked the global economy, leaving investors -- ...NBC News - 4d -
Bill Ackman warns Trump to call a timeout on trade war: 'This is not what we voted for'
Billionaire hedge fund investor Bill Ackman, who endorsed President Trump last year, is offering a stark warning about the risks of the White House’s tariff plans, arguing they could cause the ...The Hill - 4d -
Poor countries say rich world betraying them over climate pledges on shipping
Proposal that ships pay levy on emissions to fund climate action in poor countries opposed by powerful economies. Poor countries have accused the rich world of “backsliding” and betrayal of their ...The Guardian - 3d -
Live updates: Trump defends tariffs; Billionaire Trump endorser calls for trade war time-out
Vulnerable House Republicans are on defense amid the fallout from President Trump’s sweeping global tariffs, which have stoked uncertainty about the economy. Markets took a nosedive Thursday ...The Hill - 3d -
Trump calls his tariffs a ‘beautiful thing to behold’ amid stock selloffs
Facing mounting pressure over the economy, President Donald Trump is not backing down, calling his global tariffs a “beautiful thing to behold” and arguing he’s fulfilling a campaign promise to ...NBC News - 3d -
Ex-Fed bank leader: Trump tariffs dramatically raise risk of 'Smoot-Hawley type outcome'
Former Federal Reserve Bank of St. Louis President James Bullard said early Monday that President Trump’s tariffs could risk severely worsening the economy, in a way that mirrors the consequences ...The Hill - 3d -
Trump threatens additional 50 percent tariff on China
President Trump on Monday threatened to impose a 50 percent tariff on imports from China, a massive escalation of a potential trade war between the world's two largest economies. Trump's threat is ...The Hill - 3d -
Mark Cuban: Tariffs, DOGE cuts could result in 'far worse situation than 2008'
Billionaire investor Mark Cuban predicted the United States economy would be in a “far worse situation than 2008” if President Trump’s tariffs stay in place and Elon Musk’s Department of Government ...The Hill - 3d -
What Is a Bear Market? Are We in One?
A bear market occurs when stocks fall 20 percent from a recent peak. As global markets continue their meltdown, here’s what it means for your money and the economy.The New York Times - 3d -
Watch live: White House holds press briefing in wake of Trump tariff pushback
White House press secretary Karoline Leavitt will brief reporters Tuesday afternoon as concerns mount over President Trump's sweeping tariffs and its impact on the U.S. economy. The Trump ...The Hill - 2d -
Walmart is facing tariffs and recession fears, but it may have a secret weapon to keep growing
As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales: its membership program, Walmart+.NBC News - 2d -
‘Half the place would be blown to bits’: the Irish villages under threat from Trump’s tariffs
Cork’s pharmaceutical industry, vital to the local economy, is at risk as US trade policies threaten small towns reliant on the sector. Just across the bay from the historic town of Cobh, the last ...The Guardian - 1d -
Trump imposes new tariffs on dozens of partners, sparking fresh market turmoil
Rates on imports to US from dozens of economies rise further, with China hit by 104% tariffs. Business live – latest updates The US and China are heading towards an all-out trade war, after ...The Guardian - 1d -
GOP lawmakers fear China looms as obstacle to Trump's trade vision
Republican lawmakers fear the defiant Chinese response to President Trump’s sweeping tariffs leaves the world’s two largest economies hurtling toward a trade war that could last for months. ...The Hill - 1d -
Jamie Dimon says a recession is 'likely outcome' from Trump's tariff turmoil
JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.NBC News - 1d -
Trump refocuses trade war to China
President Trump increased tariffs on China to 125 percent on Wednesday, focusing his trade war for the time being on the world’s two largest economies and seeking to rally other countries against ...The Hill - 1d -
5 takeaways from the Trump tariff drama
Financial markets soared on Wednesday after President Trump issued a 90-day pause in almost all the tariffs that had roiled the global economy during the past week. The key exception was China, ...The Hill - 1d -
Trump’s tariffs may be reduced but their impact will be felt in the UK and beyond
We examine potential consequences of US president’s market chaos, which could reach every corner of global finance and economy. Donald Trump may have stepped back from his huge tariff rises on ...The Guardian - 18h -
Market drop wipes out some gains of historic rally as tariffs sink in
The major U.S. stock indexes dropped sharply on Thursday, a stark reminder that President Donald Trump continues to pursue a tariff agenda capable of throwing the global economy into chaos.NBC News - 10h -
Plunge in Oil Prices Threatens Russia’s Vast Spending on Ukraine War
The lower revenues, a result in part of President Trump’s trade war, could prove more damaging to the Russian economy than the penalties the United States and its allies have already imposed.The New York Times - 10h -
Olivia Munn mocks Trump's tariffs during surprise 'Daily Show' appearance
Olivia Munn is mocking President Trump's tariffs, describing a seemingly endless trade war that she says has "only mostly destroyed" the global economy. The "X-Men: Apocalypse" actor, a former ...The Hill - 4h -
The Guardian view on the tariff war pause: the Trump trade shambles is not over | Editorial
The US president blinked first, but this is just a time-out. The threat to the global economy remains real.. It was Donald Trump who blinked first. Never forget that. China is unlikely to ...The Guardian - 5h -
Retail investors are running head first into this topsy-turvy market
While Wall Street spent the past week sweating over whether President Donald Trump’s now-altered tariff plan would push the economy into a recession or ignite a bear market, Rachel Hazit knew ...NBC News - 2h -
Stocks sink as US, China dig in for trade war
✈️ Plus: Airplanes bump wings at DCA {beacon} STOCKS FELL THURSDAY as the U.S. and China dug in for a prolonged trade war that could have ramifications up and down the global economy. Only a day ...The Hill - 3h