Americans pulled back significantly on spending
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US wholesale prices sank in April, logging their biggest monthly drop since Covid stifled the economy, as tariffs put a squeeze on profit margins, according to new data released Thursday.
JPMorgan Chase investors will be keen to learn how the largest U.S. lender and the world's biggest economy are likely to be impacted by U.S. tariffs on its trading partners at the bank's investor day on Monday as economic uncertainty remains.
Several companies have pulled their full-year outlooks for 2025, with many citing market uncertainty exacerbated by Trump’s tariffs.
After implementation of tariffs of up to 145% on all imports from China, negotiatorswere able to agree to a temporary reduction to a 30% levy. This rate is plan
The Asia-Pacific Economic Cooperation (APEC) grouping warned on Thursday that exports in the region will barely grow this year amid U.S. tariffs, as the 21-member bloc kicked off an annual gathering of its trade ministers.
U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending elsewhere against the backdrop of an uncertain economic outlook.
A third of employees say they are struggling to save for retirement due to tariffs and other economic stressors.
Pharmaceutical tariffs, as proposed by President Donald Trump, aim to create manufacturing jobs in the United States, limit offshoring of profits, and address national security concerns. However, they present significant risks and,
U.S. retail sales growth slowed as the impact of pre-tariff vehicle purchases waned. Economic uncertainty, driven by President Trump's tariffs, affected consumer spending and corporate financial guidance.
The ongoing tariff war may seem far away, but its impacts soon may be felt by Santa Barbara businesses, which rely on imports and exports to make their
WASHINGTON (AP) — U.S. applications for jobless benefits held steady last week as layoffs remain low despite uncertainty over how President Donald Trump’s tariffs will impact the economy.
South Korea is holding a series of trade talks with US officials visiting Jeju for a regional summit, aiming to soften the blow from President Donald Trump’s tariffs.