A container ship is shown at the Port of Los Angeles in Los Angeles, California, U.S. November 22, 2021. Mike Blake | ReutersShipments from China to the west coast of the U.S. will plummet next week as the impact of President Donald Trump's tariffs leads companies to cut their...
The Washington Post | The Washington Post | Getty ImagesThe economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management.Torsten Slok, chief economist at Apollo, laid out a timeline in...
U.S. President Donald Trump speaks to the media during the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, D.C., U.S., April 21, 2025.Leah Millis | ReutersPresident Donald Trump's public criticism of Fed Chair Jerome Powell has fueled concern that he will...
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty ImagesBlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn."Most CEOs I talk to would...
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Craig Hudson | Evelyn Hockstein | ReutersPresident Donald Trump on Friday called for Federal Reserve Chair Jerome Powell to cut interest rates."This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always...
U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Carlos Barria | ReutersThe tariff policy outlined by President Donald Trump on Wednesday appears...
Treasury Secretary Scott Bessent said Thursday that his previous comments about a "detox period" for the U.S. economy did not mean that a recession was necessary."Not at all. Doesn't have to be, because it will depend on how quickly the baton gets handed off. Our goal is to have...
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City.Spencer Platt | Getty ImagesThe U.S. Justice Department has opened an investigation into potential antitrust issues related to the surging price of eggs, The Wall Street Journal reported Friday, citing people familiar...
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | ReutersTreasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy."Could we be seeing that this economy that we inherited...
A person displays a sign as labor union activists rally in support of federal workers during a protest, with the U.S. Capitol in the background on Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig Hudson | ReutersThe sudden cuts to the federal workforce under President Donald Trump will likely...