Benzinga | Detroit Free Press Wall Street remained on edge as investors adopted a cautious stance amid an increasingly uncertain economic outlook this past week. At its March meeting, the Federal Reserve kept interest rates unchanged at 4.25%-4.50%, signaling “no rush” to adjust its monetary policy. Yet, the central bank’s latest economic projections painted a…
Uptick in Tesla vandalism amid DOGE backlash Elon Musk’s Teslas are being vandalized at a higher rate as he faces backlash for federal cuts and firings. WASHINGTON – Donald Trump liked the shiny red car. “I want the same color,” he said, pointing to a Tesla Model S, before slipping into the driver’s seat. The…
Get live updates on tariffs, the trade war and mass layoffs throughout a busy day for the US economy. Interest rate decision looms as Fed discusses tariffs and trade war impacts With rising tariffs looming, experts warn of increased consumer prices as the Federal Reserve convenes to address economic implications. (Scripps News) Scripps News Interest…
March 19 – U.S. stock index futures gained some ground on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision. The central bank is expected to leave its benchmark overnight interest rate unchanged in the 4.25%-4.50% range, when it releases its policy statement at 2 p.m. ET (1800 GMT). Traders see about 60…
Could President Trump’s tariffs spur a recession? An economist warns consumers about a potential economic downturn with President Donald Trump’s trade war pressing on. U.S. stocks are expectd to open modestly lower, consolidating gains made in the last two sessions as Federal Reserve officials kick off their policy meeting on Tuesday. Almost no one expects…
March 17 – U.S. stock index futures took a hit on Monday as Treasury Secretary Scott Bessent’s comments added to unease about an economic slowdown, while focus was on tariff-related signals from the Federal Reserve’s upcoming meeting. In a Sunday interview with NBC, Bessent warned that there are “no guarantees” the United States will escape…
President Trump threatens 200% tariff on alcohol from EU President Donald Trump has threatened to place a 200% tariff on all alcohol from the European Union. WASHINGTON – To some people, President Donald Trump is shaking things up. To others, he is sowing an unusual amount of chaos and confusion in a world that has…
Government shutdown averted: Senate advances funding bill Democrats helped the Senate advance the GOP spending bill with a vote of 62-38. U.S. stocks ended the day higher, with the blue-chip Dow clawing back 675 points, on optimism the government will stay open. Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill,…
Tesla’s stock plunges by half; is Elon Musk’s EV party over? Tesla’s stock has dropped by nearly half in three months, losing most of the gains it made following the U.S. election last year, when CEO Elon Musk helped fund the victory of President Donald Trump. U.S. stocks mostly fell in early trading Tuesday, extending…
Recession fears persist amid inflation and trade wars President Donald Trump did not rule out the possibility of a recession in a recent Fox News interview, amid his administration’s continuing trade war. With the stock market tumbling, consumer confidence skidding and U.S. companies ramping up layoffs, it may look like the nation is hurtling toward…