Federal Reserve Chair Jerome Powell has raised alarm over President Donald Trump’s sweeping new tariffs, warning that the economic impact could be more severe than anticipated — with…
Klarna and StubHub have shelved their much-anticipated plans to go public as a fresh wave of market volatility triggered by President Donald Trump’s sweeping tariff announcement rippled through…
Nike shares recovered on Friday after President Donald Trump suggested a possible agreement with Vietnam to reduce recently announced tariffs.The stock was up around 5% in late-morning trading.…
The United States is facing a deepening economic divide, with wealth becoming increasingly concentrated in the hands of a small elite. According to the World Inequality Database, the…
The plunge in oil prices on Friday presented a different layer of complexity for the Organization of the Petroleum Exporting Countries and allies. In a surprising move on Thursday,…
The US labor market continued to show resilience in March, adding more jobs than expected. However, a slight uptick in the unemployment rate and rising global trade tensions,…
President Donald Trump vowed Friday that his economic policies “will never change” and lashed out at China for retaliating against his new tariff regime, raising the stakes in…
Oil prices fell to their lowest levels in over four years on Friday after China imposed retaliatory tariffs in response to US trade measures earlier in the week.In…
The 25% tariffs on imported cars that came into effect on Thursday have shaken the global automobile industry, forcing major carmakers into swift, divergent responses.As the new levies…