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 […]
Economy
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Nasdaq on course to confirm correction as trade war worries weigh
Wall Street’s main indexes fell on Tuesday, with the tech-heavy Nasdaq on track to confirm a correction as investors feared an escalating trade war between the U.S. and […]
Economy
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US autos, homebuilders, materials take hits as Trump trade war kicks off
Shares of U.S. companies have faced pressure due to the latest escalation in Washington’s trade war. Newly imposed tariffs on Canada and Mexico are expected to impact earnings […]
Economy
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Can the U.S. delete government spending from GDP?
Commerce Secretary Howard Lutnick suggested removing government spending from GDP reports to avoid potential economic downturn concerns. Economists largely dismissed the idea, calling it a “publicity stunt” and […]
Economy
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Stocks Slump as Trump Tariffs Take Effect
Global stocks experienced a decline as trade-war fears intensified following the implementation of Trump’s tariffs. Investors expressed concerns over the potential economic impact, with U.S. stock futures falling […]
Economy
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The Problem With Car Tariffs: What’s an Import?
Supply chains extend across U.S. borders with Mexico and Canada, making it hard to say what’s American-made. President Trump’s 25 percent tariffs on goods from Canada and Mexico […]
Economy
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Trump’s Tariffs Could Raise Prices Of Fruits And Vegetables Within Days, Target CEO Warns
Shoppers could see higher produce prices within days after a 25% tariff on Mexican and Canadian imports took effect Tuesday, Target CEO Brian Cornell warned. The tariffs have […]
Economy
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Target warns about consumer spending. It’s another sign of stress on America’s economy
Target issued a warning Tuesday about declining consumer confidence and the impact of tariffs, signaling further strain on the U.S. economy. The company reported a sales decline in […]
Economy
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Trump says Japan, China cannot keep reducing value of their currencies
U.S. President Donald Trump stated that he has informed the leaders of Japan and China that they cannot continue to devalue their currencies, as it would be unfair […]
Economy
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What 125 years of data says about diversification and investing at record highs
A clip from “Ferris Bueller’s Day Off” has been making rounds on social media. In the scene, the character played by economist Ben Stein discusses the Smoot-Hawley Act, […]