Many are wondering if more tariffs will lead to more inflation Many are wondering if more tariffs will lead to more inflation 02:44 Americans hoping for good news on inflation with Wednesday’s release of Consumer Price Index data for February may have to wait a little longer for relief. Prices across the U.S. likely rose…
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…
(CNN) – China is imposing new retaliatory tariffs on certain United States agricultural goods Monday. President Donald Trump says his trade policies will make the U.S. richer in the end, but his administration is starting to acknowledge the potential for some short-term pain for Americans. Some American trade partners are cracking down on U.S. exports….
(CNN) – China is imposing new retaliatory tariffs on certain United States agricultural goods Monday. President Donald Trump says his trade policies will make the U.S. richer in the end, but his administration is starting to acknowledge the potential for some short-term pain for Americans. Some American trade partners are cracking down on U.S. exports….
Jerome Powell, chairman of the US Federal Reserve, speaks during the University Of Chicago Booth School Of Business Monetary Policy Forum in New York, US, on Friday, March 7, 2025. Yuki Iwamura | Bloomberg | Getty Images NEW YORK — Federal Reserve Chairman Jerome Powell said Friday that the central bank can wait to see…
Hong Kong homebuyers flocked to secure new flats at two projects over the weekend, indicating improving sentiment on the city’s battered property market following a reduction in stamp duties and a buoyant stock market. On Sunday, Sun Hung Kai Properties sold 96 of 172 units offered at its Yoho West Parkside development in Tin Shui…
U.S. economy on shaky footing, Trump calls it a “detox period” – CBS News Watch CBS News The U.S. economy is on shaky footing. The Trump administration calls it a “detox period” as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it’s bruising. Ali Bauman has more details. Be…
Federal Reserve Chair Jerome Powell said Friday that the central bank can remain patient in adjusting its benchmark interest rate, citing uncertainty around the potential impact of President Trump’s economic policies. Powell said the Trump administration is making policy changes in several areas, including trade, taxes, government spending, immigration and regulation, and added that the…
The Trump administration’s barrage of tariffs on key U.S. trading partners and ongoing crackdown on immigration are likely to result in higher prices for American consumers and businesses, according to Wall Street analysts. Economists with Morgan Stanley Research said in a report on Friday that they expect inflation in 2025 to rise 2.5%, up from…
Growth fears are on the rise, causing markets to trade as if a recession is coming. Major US indexes extended deep year-to-date losses on Thursday, with the S&P 500 down 1.8%. Bond yields are falling as investors eye lower interest rates in response to a recession. It wasn’t long ago when economists predicted the odds…