Recent economic indicators suggest a potential recession is looming, driven by President Donald Trump’s tariffs on Canada, China, and Mexico, alongside retaliatory measures. The Federal Reserve Bank of […]
Economy
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Hong Kong billionaire to sell Panama Canal ports to US firm
A Hong Kong-based company has agreed to sell most of its stake in two key ports on the Panama Canal to a group led by US investment firm […]
Economy
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Automakers tap COVID playbook to cope with Trump tariffs
Automakers are utilizing strategies from the COVID-19 pandemic to manage the impact of Trump’s tariffs. These tariffs threaten to increase vehicle prices and cause production stoppages. Stellantis and […]
Economy
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Best Buy and Target CEOs say prices are about to go up because of tariffs
Target relies on produce from Mexico during the winter, while Best Buy sources most of its products from Mexico and China. Both companies have indicated that tariffs could […]
Economy
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Stagflation fears bubble up as Trump tariffs take effect and the economy slows
Fears of stagflation have emerged as President Donald Trump’s tariff policies coincide with signs of an economic slowdown. The dual threat of rising prices and sluggish growth has […]
Economy
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US stocks regain ground after sliding on Trump tariff fears
The US stock market has shown resilience by regaining lost ground after initial slides triggered by fears over potential tariffs under the Trump administration. The concerns were linked […]
Economy
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Target Warns About Consumer Spending Amid Economic Stress
Target has issued a warning about declining consumer confidence, signaling potential stress on the U.S. economy. The company reported a sales decline in February and anticipates only a […]
Economy
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Trump official floats new approach on GDP, as economy poised to slow sharply
The Trump administration is considering a change in how economic growth is measured, amid forecasts of a significant economic slowdown. The Federal Reserve Bank of Atlanta predicted a […]
Economy
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How Trump’s Tariffs Will Impact American Carmakers
In his initial weeks at the White House, Donald Trump has moved to reshape global alliances and trade relationships by imposing tariffs. On March 4th, he announced a […]
Economy
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After Trump threats, Hong Kong firm to sell stake in Panama Canal ports
A Hong Kong-based company announced it would sell its stake in two Panama Canal ports to a U.S.-led consortium, responding to President Donald Trump’s concerns over Chinese influence […]