U.S. Economy Shows Signs of Strain From Trump’s Tariffs and Spending Cuts
Consumer and business sentiment is wobbling as fiscal support fades and fears rise that tariffs will lead to higher prices.
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It’s Trump’s economy now — and businesses are anxious about tariffs and Washington upheaval
A burst of optimism among companies after Donald Trump won the U.S. presidential election has faded as business leaders grapple with potentially negative policies of the new White House.MarketWatch - 5d -
Here are all the Trump tariffs hitting the economy in the coming weeks
The president’s announcement led to fears that he won’t just be using the threat of new tariffs as a negotiating tool, but as lasting policy.MarketWatch - 1d -
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 - 5d -
US House passes budget resolution to cut taxes and spending by trillions
Bill would lead to large increase in America’s deficit, independent analysts sayFinancial Times - 1d -
What will Starmer’s defence spending buy from Trump?
Plus: Amol & Nick talk tactics over PM-President meets & remember past awkward encounters.BBC News - 9h -
Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loom
The sector had an upbeat earnings season. But continued weakness in China and U.S. tariffs could leave even the most exclusive brands vying for share of pocket.CNBC - 3d -
White House pushes back on criticism of Trump spending cuts
White House press secretary Karoline Leavitt on Friday said Americans support the massive job and spending cuts President Trump has enacted across the federal government since returning to the Oval ...CBS News - 5d -
Some small businesses are on the brink after Trump's spending cuts affect contracts
"My company has been left behind," one small business founder said.ABC News - 13h -
Trump administration pushes on with government cuts amid some signs of pushback
NBC News White House Correspondent Yamiche Alcindor and NBC News Capitol Hill Correspondent Melanie Zanona report on new firings in the federal government as some House Republicans are confronted ...NBC News - 5d -
Eli Lilly to spend up to $27 billion in new domestic plants amid Trump tariff threat
Drugmaker Eli Lilly plans to invest up to $27 billion to build four new pharmaceutical manufacturing sites in the U.S., the company announced Wednesday, a move that comes as President Trump is ...The Hill - 23h -
Trump is using tariffs as a blunt-force tool. It won’t work | Mike Williams
The steel industry needs to modernize. Tariffs can help, but the government must go beyond trade policy. Last week, Donald Trump revived a trade war from his first term, implementing a 25% tariff ...The Guardian - 6d -
US traders snap up aluminium ahead of Trump tariffs
Imports hit highest level since mid-2022 as premium over London price surgesFinancial Times - 5d -
Trump signs order protecting American companies from ‘overseas extortion’
President Trump issued a memo on Friday that seeks to protect American companies and innovators from what he called "overseas extortion," adding to a bevy of actions proposed in his first month in ...The Hill - 5d -
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 - 3d -
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 - 4d -
Musk, tariffs and tensions - takeaways from Trump's first cabinet meeting
Trump covered a wide range of topics, ranging from efforts to cut government spending to immigration, the economy and Ukraine.BBC News - 12h -
Cuts at USAID and Elsewhere Strain Global Journalism
Investigative journalists around the world relied on funding from the U.S. Now, those watchdogs are scrambling to survive a sudden cash crunch.The New York Times - 1d -
A US-Canadian border friendship feels the strain
Relations between Detroit and Windsor, joined by a cross-border tunnel, are being marred by Trump’s threatsFinancial Times - 1d -
The Trump-Musk show takes center stage: From the Politics Desk
The Donald Trump-Elon Musk dynamic is defining the political state of play at the White House, on Capitol Hill and outside of Washington.NBC News - 15h -
Stop criticising Trump and sign $500bn mineral deal, US official advises Kyiv
National security adviser says Ukraine is wrong to push back against Trump’s approach to peace talks with Russia. White House officials have told Ukraine to stop badmouthing Donald Trump and to ...The Guardian - 6d -
Trump official says Zelenskyy will sign US minerals deal ‘in the very short term’
National security adviser Mike Waltz tells CPAC agreement is expected imminently as part of ceasefire negotiations. The White House national security adviser, Mike Waltz, said on Friday that the ...The Guardian - 5d -
Trump vows to slap 25% tariffs on EU and claims bloc was ‘formed to screw US’
EU said it will reply ‘firmly and immediately’ to ‘unjustified’ trade barriers, signaling it’s ready to retaliate against levies. Donald Trump has threatened to slap 25% tariffs on the European ...The Guardian - 20h -
Pope Francis showing early signs of kidney failure
Pope Francis remains in critical condition, with the Vatican saying blood tests reveal early signs of kidney failure. Doctors said the pope has not had another "respiratory crisis" since Saturday. ...CBS News - 3d -
Pope Francis remains hospitalized, shows signs of improvement
Pope Francis is showing signs of improvement and had a good night of rest after a tumultuous weekend, the Vatican said. CBS News' Chris Livesay reports.CBS News - 2d -
2-year Treasury yield slides to lowest since October on more tariff talk from Trump
U.S. government debt rallied on more tariff threats by President Donald Trump on Wednesday, reigniting economic fears and sending the policy-sensitive 2-year Treasury yield to its lowest level in ...MarketWatch - 18h -
UK government insists consultancy spending cuts ‘on track’
Big firms won £1.5bn of UK government work in 2024, an increase on the previous two yearsFinancial Times - 10h -
Sunday shows preview: Trump workforce cuts, Ukraine-Russia rhetoric have world on edge
President Trump’s agenda is in full effect with numerous cuts to the federal workforce and Pentagon staff rounding out his objective to slash government spending with a focus on stark reform. One ...The Hill - 4d -
The US risks a heavy price for cutbacks in research spending
Science funding cuts may hit long-term growth and reduce US appeal to foreign investors and talentFinancial Times - 1d -
Trump officials want to ban junk food from SNAP. Past efforts show it's not easy to do
A push to ban sugary drinks, candy and more from the Supplemental Nutrition Assistance Program may soon get a boost from new Trump Administration officialsABC News - Feb. 19 -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
Consumers grew more pessimistic about the economic outlook in February as worries brewed about a slowing economy and rising inflation, the Conference Board reported Tuesday.NBC News - 1d -
February consumer confidence posts biggest drop since 2021 in latest sign of slowing economy
The board's Consumer Confidence Index slipped to 98.3 for the month, down nearly 7% and below the Dow Jones forecast for 102.3.CNBC - 1d -
Trump tariff threats rattle consumers
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Consumer confidence dips in Trump’s first month A new survey found that ...The Hill - 5d -
US companies left out of defence stock rally amid Trump’s Pentagon cuts
Fears over spending come as European groups’ shares soar on White House’s threat to cut support for region’s securityFinancial Times - 2d -
Trump cuts financial lifeline for Venezuela's government by ending permit to export oil to US
A permit issued by the United States government allowing energy giant Chevron Corp. to pump and export Venezuelan oil will be terminated this weekABC News - 17h -
Tesla Is Again Showing Signs It Wants to Sell Cars in India
Bringing showrooms filled with high-end American-made electric vehicles to India would mark a symbolic victory for President Trump’s ally.The New York Times - 4d -
Pope showing encouraging signs, Vatican says, unlike news over the weekend
Pope Francis remains in the hospital as he battles double pneumonia. But, the Vatican says the 88-year-old pontiff is getting better. CBS News foreign correspondent Chris Livesay has the latest.CBS News - 11h -
Starmer announces big cut to UK aid budget to boost defence spending
PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than planned. Keir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a ...The Guardian - 1d -
DOGE Quietly Deletes the 5 Biggest Spending Cuts It Celebrated Last Week
The cuts, highlighted on an earlier version of the “wall of receipts” posted by Elon Musk’s team, contained mistakes that vastly inflated the amount of money saved.The New York Times - 1d -
How the House Republican budget plan hopes to cut trillions of dollars in spending
The budget plan that narrowly passed in the House of Representatives proposes trillions of dollars in cuts over 10 years. CBS News' Taurean Small reports.CBS News - 18h
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How ‘The Substance’ Helped Mubi Become a Streaming Success Story
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Is Bird Flu the Only Reason Egg Prices Are Soaring?
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Pending home sales drop to the lowest level on record in January
Home prices nationally are still higher than they were a year ago.CNBC - 11m -
Manufacturers boost durable-goods orders ahead of tariffs, but industry slump hasn’t ended
A key measure of business orders rose in January for the third month in a row, but it’s likely the sudden improvement reflects businesses rushing to buy parts and supplies ahead of potential U.S. ...MarketWatch - 15m -
Swiss Re expects L.A. wildfires to cost the global insurance industry $40 billion, making them the costliest U.S. fires ever
Swiss Re said that its losses from the Los Angeles wildfires would come in under $700 million and that it had no plans to “pull back” from California.MarketWatch - 18m -
A Union Takes on Musk via Tesla’s Stock
The American Federation of Teachers is pressuring some of the carmaker’s biggest shareholders as the tech mogul's cost-cutting influence in Washington sets off alarm bells.The New York Times - 21m -
Yields inch up after GDP data, jobless claims as Trump makes fresh tariff threat
U.S. government debt sold off Thursday morning, pushing the 10-year yield up from an 11-week low, after a strong updated reading of fourth-quarter economic growth and President Trump’s fresh tariff ...MarketWatch - 22m