President Donald Trump has amped up his attacks on Federal Reserve Chair Jerome Powell in recent days. On Thursday, Trump said he was “not happy” with Powell. On Friday, National Economic Council Director Kevin Hassett said Trump’s team would “study” whether the president could remove Powell. Later that day, Trump criticized Powell for not lowering…
The biggest bull in markets heading into 2025 has already gone back to the drawing board. But considering what’s happened to US stocks in the last two months, he’s as cheery as ever. John Stoltzfus, the chief investment strategist at Oppenheimer, entered the year with a Street-high S&P 500 target of 7,100, which implied the index was…
Chicago, US: As the ripple effects of US President Donald Trump’s global trade war are being felt across numerous industries, Fed Chair Jerome Powell on Wednesday (local time) warned of higher inflation, saying policy changes under the Trump administration have put the Federal Reserve in uncharted waters. In a speech in Chicago, Powell noted…
The US government has excluded smartphones, computers and other electronics from its reciprocal tariffs, potentially sparing consumers from price hikes, Bloomberg reported. The move that was announced late on Friday by US Customs and Border Protection, benefits tech giants like Apple and Samsung. The report further stated that it narrows the scope of Trump’s trade…
The S&P 500 briefly entered a bear market on Monday, falling 21% from its mid-February peak. The uncertainty surrounding President Donald Trump’s tariffs, which were higher than Wall Street expected, plunged the market into chaos over the past week. An increase in market volatility has strategists at Goldman Sachs dusting off their bear market playbook…
Billionaires and business leaders Jamie Dimon and Bill Ackman cautioned against Donald Trump’s tariffs and its impact on the global economy as the trade war escalated affecting the stock markets across globe. Global markets reeled from the impact of tariff, and the turbulence extended to Wall Street as US markets opened to a sharp downturn…
The trade war crushed stocks this week. The market endured its worst week since 2020, with the S&P 500 losing nearly 7% over the last five trading days, while the Nasdaq 100 slipped into bear market territory for the first time since 2022. Here’s what the pros are saying about the decline — and what…
Ever since Donald Trump’s billionaire aide Elon Musk took over the leading role at the Department of Government Efficiency (DOGE), thousands of federal workers have lost their jobs as part of the cost-cutting effort of the new administration. According to some new reports, federal agencies have now been asked to justify their spending on private…
WASHINGTON — Across-the-board 10% tariffs on nearly all imports — one-half of President Donald Trump’s “Liberation Day” tariffs — went into effect early Saturday, amid continued economic fallout from Trump’s plan. More severe tariffs on imports from several dozen countries — including a 34% tax on Chinese goods and a 20% tax on European Union…
Auto tariffs potential impact on Minnesotans Starting on April 3, sweeping tariffs are expected to take effect on a slew of imports, including automobiles. FOX 9’s Mike Manzoni looks at how the policies could impact automakers, dealerships and the consumer. (FOX 9) – President Trump’s impending auto tariffs will rapidly raise car prices, potentially causing…