KANSAS CITY, Mo. (AP) — Retirees like Don Herneisen, a former school counselor, frequently discuss the economy during their weekly breakfast gatherings at a local restaurant. The recent […]
Economy
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Trump Urges Fed Chairman to Cut Interest Rates Amid Market Decline
Former President Donald Trump used his social media platform, Truth Social, to urge Federal Reserve Chairman Jerome Powell to cut interest rates amid a continuing stock market decline […]
Economy
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White House Claims Economic Growth Amid Market Concerns
The White House press secretary, Karoline Leavitt, has stated that the U.S. economy is showing signs of growth despite market uncertainties following President Donald Trump’s announcement of new […]
Economy
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Trump Exempts Fossil Fuel Industry from Tariff Package
Donald Trump’s new tariff package includes exemptions for the fossil fuel industry, reflecting his alignment with major oil donors. The 10% tariffs, which affect many global economies, exclude […]
Economy
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US Economy Adds 228,000 Jobs in March Amid Trade War Concerns
In March, the U.S. economy added 228,000 jobs, signaling continued growth despite concerns over escalating trade tensions. However, the unemployment rate slightly increased to 4.2%. This data reflects […]
Economy
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JP Morgan Predicts Recession in 2025 Amid Tariff Concerns
J.P. Morgan forecasts a U.S. recession in 2025 due to the impact of President Trump’s tariffs. In a note to investors, Michael Feroli, the firm’s chief U.S. economist, […]
Economy
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Dollar Declines as Investors Seek Safe Havens Following US Tariffs Announcement
SINGAPORE, April 3 (Reuters) – The dollar experienced a broad decline on Thursday following President Donald Trump’s announcement of harsher-than-expected tariffs against U.S. trading partners. This move sent […]
Economy
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Elon Musk’s Government Role Expected to End Soon Due to Service Limit
Elon Musk’s controversial role in the U.S. government is nearing its end as the legal limit on his service approaches. Musk, who serves as a special government employee, […]
Economy
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Global Billionaires Hold More Wealth Than Most Countries, Despite Stock Market Declines
The collective wealth of the world’s billionaires now surpasses the GDP of every country except the United States and China. Despite significant stock market declines, which have impacted […]
Economy / Markets
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U.S. Stocks Drop After Hours as Trump Imposes Sweeping Tariffs
U.S. stocks declined in after-hours trading following President Donald Trump’s announcement of sweeping tariffs ranging from 10% to higher rates for certain countries. This development heightened concerns about […]