Companies have warned about rising prices, and markets have shown significant declines. President Donald Trump’s tariff plans, although not fully implemented yet, are already causing economic strain for […]
Economy
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Goldman Sachs Revises Fed Rate Cut Stance, Sees Higher Recession Risks
Goldman Sachs has revised its forecast for the U.S. Federal Reserve, predicting three quarter-point interest rate cuts this year due to heightened recession risks amid tariff uncertainties. The […]
Economy
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Barclays switches preference to global fixed income over equities on tariff risks
Barclays has shifted its investment preference to global fixed income over equities due to risks posed by escalating U.S. tariff policies. The bank warns that global economic growth […]
Economy
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British Steel closure threat puts up to 2,700 jobs at risk
British Steel is considering closing its two blast furnaces in Scunthorpe, which would put up to 2,700 jobs at risk. The company claims the furnaces are no longer […]
Economy
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Trump Announces 25 Percent Tariffs on Imported Cars and Parts
President Trump has announced a 25% tariff on all imported cars and car parts. This decision is expected to significantly impact the automotive industry and international trade relations. […]
Economy
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U.S. Health Department Plans Significant Job Cuts Under RFK Jr.
The U.S. Health and Human Services (HHS) Secretary, Robert F. Kennedy Jr., has confirmed plans to cut 10,000 full-time positions across various departments as part of efforts to […]
Economy
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U.S. Auto Industry Faces 25% Tariffs on Imports After Trump’s Announcement
DETROIT/WASHINGTON, March 26 (Reuters) – The U.S. auto industry faced significant changes following President Donald Trump’s announcement of a 25% tariff on all imported vehicles and foreign-made auto […]
Economy
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Trump Announces 25 Percent Tariff on Imported Automobiles and Auto Parts
President Donald Trump announced plans to impose a 25 percent tariff on imported automobiles and auto parts, betting that consumers will accept higher prices in return for the […]
Economy
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Trump Implements 25% Tariffs on Imported Cars, Intensifying Global Trade War
President Donald Trump announced plans to impose a 25% tariff on all imported cars, escalating an ongoing global trade war. This decision follows previous tariffs that caused market […]
Economy
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Walmart CEO Doug McMillon Highlights Customer ‘Stressed Behaviors’ Impacting Company Valuation
Walmart CEO Doug McMillon has noted that customers are showing signs of ‘stressed behaviors,’ which have significantly affected the retail giant’s financial standing. This shift in consumer behavior […]