Blackstone and Goldman Ceos Back Trump As Tariffs Fuel Us Recession Fears
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Education Dept. slashes workforce; new tariffs roil US markets
President Donald Trump is planning to cut nearly 1,300 Department of Education employees, about half of its total staff, with an ultimate goal of shutting down the agency completely. It comes as ...NBC News - 2d -
Another strategist chops his S&P 500 target — but for a different reason than the Goldman Sachs reduction
Ed Yardeni fears a potential stagflationary impact even as keeps his earnings estimates unchanged.MarketWatch - 1d -
Is the US headed toward a recession?
{beacon} 12:30 REPORT It’s Monday. Who else cannot stop trying to mimic Parker Posey’s accent in this season of “The White Lotus?” This clip of Posey on NBC’s “Today” is all over my social media ...The Hill - 3d -
BofA says this tech stock can work even in a recession. We just bought more shares
Salesforce should be able to continue to grow despite the impact of tariffs and a possible recession.CNBC - 1d -
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 - 3d -
Recession Risks Rise Over Tariff Chaos, Polls Find
U.S. inflation risks have worsened, while recession risks are also mounting for Mexico, Canada and the U.S., the surveys found.Inc. - 6d -
Tariffs have raised the probability of a U.S. recession to around 35%: Pimco
There is a "maybe 35% probability" that the U.S. will enter a recession this year, says Alec Kersman, managing director and head of Asia-Pacific at Pimco.CNBC - 2d -
Trump could be a catalyst for a global pro-crypto shift, Binance CEO says
Binance CEO Richard Teng said he expects Trump's "pro-crypto" legislation in the U.S. to spur regulators in other parts of the world to follow suit.CNBC - 1d -
Wall Street Sinks as Recession Fears Loom
Last week’s steep sell-off resumed, with all three major U.S. indexes suffering sharp declines.Inc. - 3d -
Tuesday Briefing: U.S. Recession Fear Rattles Markets
Plus, how a leader’s gambit failed.The New York Times - 3d -
Consumer outlook sinks as recession fears take hold
Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.CNBC - 3d -
Trump doesn't rule out recession, rising inflation
In an interview with Fox News, President Trump acknowledged inflation could continue to rise and wouldn't say whether or not he thinks the U.S. economy could fall into a recession. Nikole Killion ...CBS News - 4d -
The Memo: Trump, amid tariff tangle, sounds serious about bringing Canada into US
President Trump’s tariff policies sparked another day of political and financial-market turmoil Tuesday — along with new recognition that he really may be serious about trying to make Canada part ...The Hill - 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 - 2d -
Why Ukraine hopes Trump minerals deal will win back US support
American and Ukrainian officials meet in Saudi Arabia for ceasefire talks and to revive a critical mineral dealBBC News - 3d -
Distilled Spirits Council CEO warns European whiskey tariff could be 'very, very devastating'
The CEO of the Distilled Spirits Council of the United States on Wednesday warned that a European whiskey tariff would be "very, very devastating." “We've just gotten the news early, early this ...The Hill - 1d -
Starmer says he is ‘disappointed’ by US tariffs on UK steel
PM vows to ‘keep all options on table’ after EU hits back against Washington with retaliatory measuresFinancial Times - 2d -
Migrant deported in chains: 'No-one will go to US illegally now'
Indian deportee tells BBC about his risky journey and how Trump’s tactics are spreading fear.BBC News - 5d -
Trump’s tariffs won’t solve the opioid crisis, but a deal with China might
They provide leverage that Trump should use to strike a deal with China to more comprehensively regulate its pharmaceutical and chemical industries.The Hill - 2d -
Dow falls almost 900 points as Trump declines to rule out possible recession
CNBC Senior Markets Correspondent Bob Pisani reports from the New York Stock Exchange on the market sell-off. NBC News Correspondents Kelly O’Donnell, Brian Cheung and Jay Gray discuss the fears ...NBC News - 3d -
Euro and pound rise against dollar amid ‘Trumpcession’ fears
US currency has lost all the gains it enjoyed since Trump won election and hits lowest level since mid-October. Business live – latest updates The euro and the pound have risen against the ...The Guardian - 3d -
What the world needs now is more fossil fuels, says Trump’s energy secretary
Chris Wright signals abandonment of Biden’s ‘irrational, quasi-religious’ climate policies at industry conference . The world needs more planet-heating fossil fuel, not less, Donald Trump ’s newly ...The Guardian - 3d -
From London to New York via Switzerland: the booming trade in gold bars
Fears that Donald Trump could impose tariffs on gold imports have upended the marketFinancial Times - 10h -
Big Company CEOs Join Small Businesses, as Economic Confidence Wanes Amid Tariffs
A new survey of Business Roundtable CEOs mirrors earlier drops in small-business confidence.Inc. - 21h -
Dollar General CEO warns consumers are cash-strapped, and says 2025 won't be better
Tariffs and potential changes to government entitlement programs present potential further headwinds for core customers, said CEO Todd Vasos.CNBC - 1d -
Slotkin slams 'reckless' approach to tariffs: 'I just want a scalpel and not a sledgehammer'
Sen. Elissa Slotkin (D-Mich.) said Sunday that most Democrats don't oppose tariffs altogether, but she criticized President Trump's approach as "reckless." "Most of us aren't against tariffs, full ...The Hill - 4d -
Champagne and Parmigiano under threat from Trump’s tariffs
Producers warn Europe’s finest foods and wine could become unaffordable for ordinary US consumersFinancial Times - 4d -
The unlikely winners from Trump’s steel tariffs
Measures designed to protect the struggling US steel industry could also help a cohort of global producersFinancial Times - 2d -
Tesla warns Trump administration it is ‘exposed’ to retaliatory tariffs
Elon Musk’s electric-car maker says levies could make it costlier to produce vehicles in the USFinancial Times - 20h -
Toyota considers exporting from UK to US to ease impact of Trump tariffs
Senior European executive of world’s largest carmaker also warns of more turbulence for the sectorFinancial Times - 2d -
US junk bonds slide as Trump’s tariffs spark economic worries
Premium investors’ demand to hold riskier debt jumps to highest level in six monthsFinancial Times - 1d -
Carney ready to talk trade with Trump if 'there's respect for Canada's sovereignty'
Prime minister-designate's comments follow Canada's reciprocal tariffs on US imports after Trump slapped taxes on steel and aluminium.BBC News - 1d -
Are there benefits to Trump's tariffs?
America's largest primary aluminum producer, Century Aluminum, applauded Trump's reinstatement of a 25% tariff on aluminum imports.The Hill - 2d -
Goldman Sachs flinches and lowers its S&P 500 target. The mechanics are the interesting part.
It’s been tough for Wall Street strategists to hold their nerve in the face of the ever-changing tariff policy.MarketWatch - 2d -
Intel pops 14% as chipmaker taps new CEO, Wall Street backs turnaround effort
Intel shares popped more than 14% after announcing Lip-Bu Tan as its new CEO and Wall Street cheered the chipmaker's attempt to turn around its business.CNBC - 19h -
Stephen Miller defends Trump on possible recession: Not our job to make 'prognostications'
White House deputy chief of staff Stephen Miller defended President Trump’s response to questions about a possible recession over the weekend and said it wasn’t the president’s job to forecast ...The Hill - 3d -
Trump administration briefing: Judge reinstates some fired workers, more tariff threats on EU
Judge says it is a ‘lie’ that employees at federal agencies had performance issues; Trump mulls EU alcohol tariff – key US politics stories from Thursday at a glance. A federal judge in California ...The Guardian - 13h -
Watch live: White House holds briefing as fears over economy, trade war mount
White House press secretary Karoline Leavitt will hold a press briefing Tuesday afternoon as President Trump's tariffs and dips in the stock market have raised concerns over the economy. Trump on ...The Hill - 2d -
EU and Canada retaliate after Trump’s metals tariffs take effect
Brussels and Ottawa hit tens of billions of dollars' worth of US imports with leviesFinancial Times - 1d -
AP reporter spars with White House over tariffs
White House press secretary Karoline Leavitt on Tuesday clashed with a reporter with The Associated Press over President Trump’s use of tariffs after granting the outlet a rare question during a ...The Hill - 2d