Lutnick downplays impact of tariff court ruling on US, EU talks
The ruling "maybe cost us a week, but then everybody came right back to the table," the commerce secretary said.
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JPMorgan CEO Says US Economy Threatened by 'Enemy Within'
The CEO of JPMorgan Chase Jamie Dimon has characterized the real threats to the long-term health of the U.S. economy as internal, rather than those posed by any foreign nation.
Summers, Bernanke Recall Fischer as Brilliant Economic Scholar
Stanley Fischer was remembered Sunday as a mentor to economic luminaries around the world. Fischer, who died Saturday at 81, was a central banker in the US and Israel. He served as vice chairman of ...
JPMorgan CEO says US economy threatened by 'enemy within'
The CEO of JPMorgan Chase Jamie Dimon has characterized the real threats to the long-term health of the U.S. economy as internal, rather than those posed by any foreign nation. Speaking at the Reagan ...
Stanley Fischer, Groundbreaking Economist and Fed Vice Chair, Dies at 81
Also an MIT professor, his varied roles helped shape how a generation of central bankers and economic policymakers do their jobs.
US dollar declines as traders assess tariff outlook
The U.S. dollar edged lower on Monday, giving back some of its gains from last week, as markets weighed the outlook for President Donald Trump's tariff policy and its potential to constrict growth and ...
Japan, US agree to hold more rounds of tariff talks before G7 summit
Japan's minister in charge of tariff negotiations with the United States has confirmed progress in trade discussions. The two sides agreed to meet again before the Group of Seven summit in mid-June ...
US to support Indo-Pacific allies against ‘imminent’ China threat: Hegseth
US Defence Secretary Pete Hegseth reassured allies in the Indo-Pacific that they will not be left alone to face increasing military and economic pressure from China.
Bond auction shows Trump’s economic house of cards may soon collapse
The recent U.S. Treasury bond auction’s lackluster performance and Moody’s downgrade of the U.S. credit rating highlight a growing loss of faith in Washington’s fiscal ...
Why the U.S. Economy Will Muddle Through Trump’s Tariffs. Probably.
This is assuming the government doesn’t find a way to make the situation worse, writes columnist James Mackintosh.
US Job Growth Is Seen Moderating on Shifting Trade Policy
The pace of US hiring probably slowed in May, with employers focusing on containing costs as households become a bit more guarded and businesses reconsidered investment plans against a backdrop of ...
Europe’s Stocks Dominate World Markets as US Trade War Backfires
Europe’s equities have emerged clear winners worldwide as the region’s economic outlook brightens at a time when President Donald Trump’s trade war hobbles US financial markets.
US consumer spending rises slightly in April amid tariff uncertainty
The report from the Commerce Department on Friday suggested the economy struggled to rebound early in the second quarter ...
US consumers hit the brakes while goods imports sink by a record
Inflation-adjusted personal spending rose 0.1 per cent after rising 0.7 per cent a month earlier. Separate data showed an almost 20 per cent slump in imports.
US consumers pulling back spending; inflation slowing for now
U.S. consumer spending increased marginally in April, with households opting to boost savings amid mounting economic uncertainty because of a constantly changing tariff landscape. The report from the ...
JPMorgan's Dimon says US should tax carried interest, CNBC reports
(Reuters) -JPMorgan Chase CEO Jamie Dimon said at the Reagan National Economic Forum that the U.S. should be taxing carried interest, CNBC reported on Friday. The comment from the biggest U.S. bank's ...
Jobs data, tax bill, trade on tap for rebounding US stocks
Key U.S. economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the U.S. market closing in on ...
US will stand by Indo-Pacific allies against ‘imminent’ threat of China, Hegseth says
US Defence Secretary Pete Hegseth reassured allies in the Indo-Pacific that they will not be left alone to face increasing military and economic pressure from China.
Charting the Global Economy: US GDP Falls on Larger Trade Hit
The US economy contracted slightly to start the year, largely reflecting a bigger tariff-related trade hit but also a larger downshift in household spending growth than first estimated.
Jamie Dimon says US needs to ‘get our own act together’
JPMorgan Chase CEO Jamie Dimon said Friday that the U.S. needs to get its own act together before worrying about China. “I’m not as worried about China. China is a potential adversary.
Larger trade impact, weaker spending dent US economy
The economy’s primary growth engine — consumer spending — advanced 1.2%, down from an initial estimate of 1.8% and the weakest pace in almost two years. Meantime, net exports subtracted nearly 5 ...
Powell tells Trump that Federal Reserve’s interest rate policy will depend on data and outlook
Jay Powell, the chair of the Federal Reserve, told Donald Trump that US monetary policy would be dictated solely by economic data and the outlook, as they held their first meeting of the president’s ...
US labor market showing cracks; corporate profits post largest drop since 2020
The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May, suggesting layoffs were rising ...
Dollar Drops on Renewed Trade Uncertainty, Soft Economic Data
Underwhelming US economic data weighed on the dollar on Thursday, amplifying investor uncertainty about the outlook for growth as a federal appeals court temporarily stayed a ruling that had blocked ...
Wall St Week Ahead Jobs data, tax bill, trade on tap for rebounding US stocks
Key U.S. economic data, developments with federal tax-and-spending legislation and twists and turns on trade all are poised to influence equities in the coming week, with the U.S. market closing in on ...
Investors see US stocks rally broadening, even as 'Magnificent Seven' rebound
Megacap technology and growth stocks have retaken U.S. market leadership in recent weeks, but investors say that factors are in place that could allow a broader group of stocks to outperform for the ...
US Consumer Spending Growth Slows While Inflation Remains Soft
US consumers hit the brakes in April after the strongest month of spending since early 2023 while inflation remained tame, consistent with a slowing economy.
The End of the Easy US Stock Bet Has Been Good to Contrarians
A climate of economic uncertainty and a weakening dollar have more money flowing to long-ignored diversification bets.
US consumer spending slows in April; inflation rises moderately
U.S. consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed.
US consumer spending slows in April; inflation rises moderately US consumer spendi
US consumer spending increased marginally in April as a rush to beat higher prices from import duties slowed. Consumer spending, which accounts for more than two-thirds of US economic activity, rose 0 ...
US Consumers Hit the Brakes While Goods Imports Sink by a Record
US consumers hit the brakes in April after the strongest month of spending since early 2023 while inflation remained tame, consistent with a slowing economy.
Most US households say finances all right even as inflation still bites, Fed survey shows
U.S. households reported little change in their economic well-being last year, with the cost of living remaining a top concern but nearly three-quarters of adults saying they were "doing OK or living ...
US Fed minutes saw rising inflation, jobless risks as of May meeting
Fed officials had feared “difficult tradeoffs” in the months ahead. Read more at straitstimes.com. Read more at straitstimes.com.
Fed feared that loss of ‘haven’ status would hit US economy
Minutes showed officials worried about ‘long-lasting’ effect of market turmoil after President Trump launched trade war ...
HP Plunges After Cutting Profit Outlook on Tariffs, Economy
HP Inc. dropped about 15% in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings forecast, pointing toward a weaker economy and continuing costs ...
US Economy Could Lose $8.5 Billion Amid Decrease in Foreign Tourism
The expected dip in tourism forecasts international visitor spending to drop by $8.5 billion. It predicts a 20 percent decrease in visitation from Canada and around a 6 percent decrease from Western ...
US economy could lose $8.5 billion amid decrease in foreign tourism
Tourism to the United States is projected to dip this year, with international visitor spending expected to fall by $8.5 billion amid tougher trade and immigration policies, according to an Oxford ...
US trade court blocks Trump's 'Liberation Day' tariffs
A United States trade court on Wednesday (May 28) blocked President Donald Trump's "Liberation Day" tariffs from going into effect, ruling that the president overstepped his authority by imposing ...
Japan's negotiator to head to US for another round of tariff talks
Japanese Economic Revitalization Minister Akazawa Ryosei is set to leave for Washington on Thursday for another round of tariff negotiations with the United States.
South Korea May exports expected to fall as US tariffs offset robust chip demand
South Korea's exports are expected to have fallen in May for the first time in four months, as the impact of U.S. President Donald Trump's tariffs offset strong demand for semiconductors, a Reuters ...
US court's tariff ruling gives markets short-term pop, long-term angst
A legal roadblock on U.S. President Donald Trump's sweeping tariffs drew early cheer from markets on Thursday, but the risks of extended policy and economic paralysis cast a deeper shadow for ...
US and Iran Nuclear Deal Could Be Sealed at Next Meeting: Report
Following five rounds of intensive negotiations, U.S. and Iranian officials are close to signing a nuclear agreement, according the a new report.
Good days are over': Chinese students despair as US cracks down on visas
Chinese students with offers from U.S. universities expressed despair after Washington promised to start "aggressively" revoking Chinese student visas and ordered U.S. missions abroad to stop ...
US weekly jobless claims rise more than expected as labor market eases
The number of Americans filing new applications for unemployment benefits increased more than expected last week, while the jobless rate appeared to have picked up in May as labor market conditions ...
US corporate profits decrease sharply in first quarter
U.S. corporate profits fell sharply in the first quarter and could continue to be squeezed this year by higher costs from tariffs that are threatening to undercut the economic expansion.
US Corporate Profits Fall By Most Since 2020 Ahead of Tariffs
US corporate profits fell in the first quarter by the most since 2020, indicating large companies were already feeling some pressure prior to the Trump administration’s sweeping tariffs on global ...
US Economy Shrinks 0.2% on Weaker Spending, Larger Trade Impact
The US economy shrank at the start of the year, restrained by weaker consumer spending and an even bigger impact from trade than initially reported.