Firstft Fed Slashes Us Growth Forecast As Trumps Policies Affect Outlook
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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 -
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 -
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 -
FirstFT: London’s Heathrow airport closed all day after nearby fire cuts power
Also in today’s newsletter, European plan to replace US in Nato and companies backtrack on climate goals in bosses’ payFinancial Times - 4h -
How Entrepreneurs Can Leverage Uncertainty for Growth
Entrepreneurs can use empathy to find the canary in the coal mine and exploit it for profits and intangible gains.Inc. - Mar. 8 -
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 - Mar. 12 -
Deluzio says Dems fighting against Trump 'not just good politics' but 'good policy'
Rep. Chris Deluzio (D-Pa.) on Sunday called Democrats fighting against President Trump “not just good politics” but also “good policy.” “I think wanting to see Democrats stand their ground when ...The Hill - 4d -
Threats Rise Against Judges Overseeing Trump Policy Cases, Fueling Safety Concerns
Federal judges are worried that online threats against those who oversee high-profile cases challenging Trump administration policies may lead to real-world violence.The New York Times - 1d -
Climate Group Funded by Bill Gates Slashes Staff in Major Retreat
Breakthrough Energy, an umbrella group for energy and environmental efforts funded by Mr. Gates, is resetting for the Trump era.The New York Times - Mar. 12 -
Trump’s Foreign Aid Freeze Affects Iran’s Nuclear Inspectors
The president’s halt of foreign aid upended two U.S. programs that help the International Atomic Energy Agency find clues about Iran’s drive to build atomic bombs.The New York Times - Mar. 8 -
Trump meets oil executives as fossil fuel industry lobbies White House to slash regulation
President Donald Trump has ditched the Biden administration's climate commitments and wants to boost fossil fuel production.CNBC - 1d -
Sony and Nintendo play the long game over Trump tariffs
Despite the recent sell-off, the broader outlook for gaming remains strongFinancial Times - Mar. 12 -
Trump’s ‘chaotic’ policy approach is creating opportunity for investors
There could be “quite a shift in the world order,” says Mike Cudzil, a portfolio manager at Pimco.MarketWatch - Mar. 8 -
Ulta Beauty CEO says investments in growth ‘will take time’ to pay off, but shares still rally
Beauty-products retailer Ulta Beauty’s stock climbed after hours Thursday, after the company offered a full-year forecast that was shy of Wall Street’s estimates but fourth-quarter results that ...MarketWatch - Mar. 14 -
New York support for congestion pricing rises as Trump moves against policy: Poll
Support for New York Gov. Kathy Hochul’s (D) congestion traffic pricing in New York City has ticked up as President Trump moved to revoke the policy, according to a new survey. The Siena College ...The Hill - Mar. 10 -
Trump tariffs partly to blame for inflation: Fed chair
"We are not in a hurry," Federal Reserve Chair Jerome Powell said earlier this month.ABC News - 1d -
Why Trump's rapidly changing economic policies are raising stagflation alarms
If there was one thing President Donald Trump was supposed to represent to many voters, it was the prospect of an upturn in their economic fortunes.NBC News - Mar. 11 -
Energy Secretary Chris Wright vows to reverse Biden climate policies, says renewables can't replace natural gas
"The Trump administration will end the Biden administration's irrational, quasi-religious policies," Wright said at the CERAWeek by S&P Global energy conference.CNBC - Mar. 10 -
Malnutrition food product sees funding affected by USAID cuts
Plumpynut is a life-saving food product that can bring a malnourished child back to health in just weeks. But the Trump administration's cuts to USAID essentially canceled funding to two American ...CBS News - Mar. 8 -
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...NBC News - Mar. 8 -
Delta warns on profit as economic ‘uncertainty’ dents US demand
Shares tumble more than 12% after-hours as carrier cuts quarterly revenue and earnings outlook by halfFinancial Times - Mar. 10 -
US energy secretary criticises climate policy for damaging UK economy
Chris Wright says ‘once mighty’ British steel and chemicals industries have been displaced to AsiaFinancial Times - Mar. 10 -
Trump set to nominate Michelle Bowman as Fed’s top bank supervisor
President Donald Trump is set to nominate Federal Reserve Governor Michelle Bowman to be the central bank’s top bank supervisor, a White House official confirmed to MarketWatch.MarketWatch - Mar. 12 -
Republican Russophilia: how Trump Putin-ised a party of cold war hawks
The idea of Moscow as a paragon of Christian nationalism has penetrated the party of Reagan – and the lurch in US policy has huge implications for the global order. Never miss global breaking ...The Guardian - 6d -
Harvard freezes hiring amid financial 'uncertainties' driven by Trump policies
Harvard University says it is freezing hiring for faculty and staff amid financial “uncertainties” driven by the Trump administration. “Universities throughout the nation face substantial financial ...The Hill - Mar. 10 -
Americanswers…on 5 Live! Is Trump worried about the US economy?
Americanswers…on 5 Live! Is Trump worried about the US economy?BBC News - Mar. 10 -
Stock-market bulls abandoned by Trump won’t be saved by Jerome Powell and the Fed
President Donald Trump signaled to stock-market investors last week that they’re on their own. Federal Reserve Chair Jerome Powell will likely deliver a similar message when monetary policymakers ...MarketWatch - 4d -
Trump calls for Fed to cut rates as economic effects of tariffs start to kick in
Hours after the Federal Reserve maintained its guidance for two interest-rate cuts later this year, President Donald Trump weighed in Wednesday night, calling for rate cuts to accompany his new ...MarketWatch - 1d -
German man with green card ‘violently interrogated’ by US border officials
Berlin checking if US immigration policy has changed after Fabian Schmidt becomes third German to be detained. Berlin is investigating whether US immigration policy has changed, after a German ...The Guardian - 2d -
Online threats, harassment affecting college basketball players in NIL era: 'Just leave us alone'
More money has resulted in a trove of problems for players who don't always live up to the impossible hypeCBS Sports - 6d -
Commerce secretary says Trump's policies are "worth it" even if they lead to recession
President Trump backed off doubling Canadian steel and aluminum tariffs after Ontario suspended a 25% electricity surcharge on several U.S. states. Nancy Cordes talked to Commerce Secretary Howard ...CBS News - Mar. 11 -
Hawaii Gov. Josh Green on Trump wanting states to run education: “I’ll take it”
Hawaii Gov. Josh Green (D) on Wednesday said that if President Trump's plan to put education policy in the hands of the states happens, he would "take it" and "make good use" of the money that ...The Hill - Mar. 13 -
An Uncertain Economic Moment Poses a Big Test for the Fed
The U.S. central bank prepares to meet under a cloud of concern about the economic hit from President Trump’s tariffs.The New York Times - 3d -
Global stock markets register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...The Guardian - Mar. 10 -
Trump condemned for using ‘Palestinian’ as slur to attack Schumer
US president said of Senate minority leader: ‘He’s not Jewish any more. He’s a Palestinian’. Donald Trump has been condemned by a leading US Muslim civil rights group for seeking to use the word ...The Guardian - Mar. 12 -
Trump’s Immigration Crackdown Could Disrupt St. Louis’s Growth Strategy
Shrinking cities have tried to stabilize their populations with foreign-born residents. The strategy was working, until the inauguration.The New York Times - Mar. 10 -
‘Guess what? You don’t matter’: what Trump’s war on DEI means for every American who’s not a straight white man
The US government’s move to abolish diversity, equity and inclusion policies is a naked attempt to appeal to prejudice – but it may well backfire. Almost a decade ago, I started a business called ...The Guardian - Mar. 13 -
UK watchdogs scrap diversity and inclusion rules for financial firms
Decision by FCA and PRA comes as government’s growth push forces regulators to rethink policiesFinancial Times - Mar. 12 -
Trump picks Fed Governor Michelle Bowman to replace Michael Barr as Fed's supervision head
Bowman will have a key role in bank oversight as part of her new role.CNBC - 3d