Firstft Fed Slashes Us Growth Forecast As Trumps Policies Affect Outlook
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FirstFT: Israel launches strikes on Gaza as ceasefire breaks down
Also in today’s newsletter, traders make $16bn shorting Tesla and economists warn of US economic slowdownFinancial Times - 2d -
The market’s at a fork in the road, says RBC as it becomes third firm to cut S&P 500 forecasts.
Three is a trend, as RBC Capital Markets joined Goldman Sachs and Yardeni Research in slashing S&P 500 price targets.MarketWatch - 3d -
How the gold bullion boom sent a US recession alarm blaring
Gold-adjusted GDP forecasts. Really!Financial Times - Mar. 10 -
Delta cuts its once-rosy outlook. Here’s what’s worrying the airline.
Shares of Delta Air Lines Inc. dropped more than 9% after hours Monday after the airline slashed its current-quarter estimates, seeing trouble ahead for demand for its domestic flights.MarketWatch - Mar. 11 -
Half say Trump policies making economy worse: Poll
Half of Americans in a new poll say President Trump’s policies have made the U.S. economy worse in his first seven weeks in office. In a CNN poll released Thursday, 51 percent of respondents say ...The Hill - Mar. 13 -
Johnson, House GOP dismiss market turmoil in defending Trump tariff policies
House Speaker Mike Johnson and other Republicans are dismissing stock market turmoil and recession concerns as they defend President Donald Trump's tariff policies.ABC News - Mar. 11 -
U.S. payroll growth totals 151,000 in February, less than expected
Nonfarm payrolls were expected to increase 170,000 in February, according to the Dow Jones consensus forecast.CNBC - Mar. 7 -
FirstFT: Tesla warns Trump administration it is ‘exposed’ in trade war
Also in today’s newsletter, top Senate Democrat backs Republican funding bill, and China criticises Panama ports dealFinancial Times - 6d -
EU’s foreign policy chief laments US funding cuts to Radio Free Europe
Kaja Kallas says the bloc cannot automatically fill the gap left by the US. The EU’s foreign policy chief, Kaja Kallas, expressed disappointment over US funding cuts to Radio Free Europe and said ...The Guardian - 3d -
Trade tariffs are the new normal – and that’s unlikely to be positive for Australia | Sally Auld
US policy changes won’t have a large direct effect on the Australian economy but a global trade war can only be a drag on growth. Get our breaking news email , free app or daily news ...The Guardian - Mar. 10 -
How a reverse mortgage affects generational wealth
When used strategically, a reverse mortgage can support generational wealth while allowing you to age in place.CBS News - Mar. 13 -
Gov't expert on Musk, DOGE's "slash-and-burn exercise"
In the opening weeks of the Trump administration, drama has been in high gear, thanks in part to Trump campaign funder and government disrupter Elon Musk, who has moved to quickly eliminate ...CBS News - 4d -
Does the Fed Share the Stock Market’s Worry About the Economy?
So far, the Federal Reserve has avoided commenting on the increasingly uncertain outlook, but investors are waiting to see whether it changes its projections on Wednesday.The New York Times - 1d -
Faisal Islam: Trump is no longer swayed by the stock markets
The assumption that the US president would row back on policies if shares fell no longer holds true.BBC News - Mar. 11 -
Seahawks' 2025 season projection with Sam Darnold, according to the SportsLine Projection Model
With Geno Smith out and Sam Darnold in, the model has crunched the numbers on how the quarterback switch affects the Seahawks' season outlookCBS Sports - Mar. 12 -
Nvidia to spend hundreds of billions on US supply chain, says chief
Jensen Huang’s pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industryFinancial Times - 15h -
Would Trump Risk a Recession?
The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.The New York Times - Mar. 10 -
The Fed holds rates firm—here's what it means for your money
Borrowing costs will drop slightly by the end of 2025, says a newly revised forecast by the Federal Reserve.CNBC - 22h -
Nvidia CEO Huang praised this Trump policy. And the stock is bouncing.
Nvidia CEO Jensen Huang praised the Trump administration’s AI policies in an FT interview and said he sees the company spending hundreds of billions on U.S.-made electronics.MarketWatch - 4h -
Worst storms of 2025 will be outside Tornado Alley, severe weather forecast predicts
Tornadoes can (and have) hit every U.S. state, but the area nicknamed Tornado Alley is probably where your mind goes when you think of dangerous twisters. This year, that's not be the region of ...The Hill - 6d -
Why record-high egg prices won’t go down anytime soon — and it’s not just due to bird flu
A lot goes into the production of eggs — and with the Trump administration’s tariff policies potentially affecting costs for chicken feed and equipment, bird flu isn’t the only reason U.S. ...MarketWatch - Mar. 12 -
Stock market falls sharply as investors fret Trump policies
Stocks continue to slide on Monday, following its worst week since September as president's protectionist policies darken economic view.CBS News - Mar. 10 -
G7 Foreign Ministers Agree on Ukraine Policy Amid Tensions Over Trump Tariffs
Secretary of State Marco Rubio found himself among allies in a fraught moment after President Trump’s tariff policies.The New York Times - 5d -
Stocks see best ‘Fed day’ rally since July, thanks to a ‘nonchalant’ Powell performance
Federal Reserve Chair Jerome Powell’s nuanced take on the economic outlook helped lift stocks on Wednesday.MarketWatch - 19h -
Small Businesses Still Struggle to Hire, Despite Rising Recession Fears
The NFIB’s monthly poll of entrepreneurs lists recruitment problems, inflation, and the general outlook for economic growth as leading concerns.Inc. - Mar. 11 -
Drug policy expert on fentanyl crisis and tariffs
Drug policy expert Sheila Vakharia joins to discuss the Trump administration's tariffs and their connection to fentanyl, the latest CDC data on overdose rates, and what's actually helping in the ...CBS News - Mar. 10 -
Top diplomats from G7 countries meet in Canada as Trump threatens more tariffs on US allies
Top diplomats from Group of 7 have held a first day of talks in Canada as U.S. President Donald Trump's trade and foreign policies have thrown the bloc's once solid unity into disarrayABC News - 6d -
Jamie Dimon on Trump tariff policy: 'Uncertainty is not a good thing'
JPMorgan Chase CEO Jamie Dimon acknowledged President Trump’s tariff policy is causing uncertainty for businesses, which is “not a good thing.” “I don’t think the average American consumer who ...The Hill - Mar. 13 -
Japan revises fourth-quarter GDP lower, complicating BOJ's interest rate outlook
Japan's economic growth slowed to 2.2% on an annualized basis in the fourth quarter as the country grapples with tepid domestic demand.CNBC - Mar. 11 -
EU must brace for impact of Trump wrecking ball on global trading system | Heather Stewart
UK appears to be out of US eyeline for now but it would not be immune to slowdown triggered by rising tariffs. Forget the “Trump put”, as financial analysts called the bet that the US president’s ...The Guardian - Mar. 9 -
'We will just die in silence': US aid cuts hit Ethiopia's fragile Tigray region
Aid agencies distributing U.S. food aid in Ethiopia's war-affected Tigray region say they have had to stop feeding millions of people because of the Trump administration's restrictions on foreign aidABC News - Mar. 13 -
Business school teaching case study: How can Ørsted overcome its US challenges?
The world’s largest offshore wind developer seeks to boost its share price as Trump policies cloud the future of clean energyFinancial Times - Mar. 11 -
Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies
Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration.NBC News - Mar. 12 -
US airlines’ warnings of lower demand cast shadow over economic outlook
American, Delta and Southwest trim financial guidance on corporate and consumer softnessFinancial Times - Mar. 11 -
Don’t call European stocks ‘exceptional’
Region’s new growth story comes as US stumblesFinancial Times - 13h -
The Guardian view on US-Europe relations: Britain is coming to a fork in the road | Editorial
For now Keir Starmer can say there is a middle way, but Donald Trump will soon force Britain to pick a side. No country can avoid the economic impact of Donald Trump’s aggressive trade policy. ...The Guardian - Mar. 12 -
Here's what today's CPI report says about inflation
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.CBS News - Mar. 12 -
Global economy takes centre stage
OECD updates growth forecasts, a clutch of central banks set interest rates and the IOC picks a new Olympics presidentFinancial Times - 4d -
Hedge funds slash bets as Trump’s trade war causes ‘a lot of pain’
Managers’ favourite stocks tumble as market volatility surgesFinancial Times - Mar. 12 -
Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey
The 32 survey respondents, who include fund managers, strategists and analysts, raised the probability of recession to 36% from 23% in January.CNBC - 2d