US economy News

Dow Jones Plummets Over 650 Points as US Economy Shows Signs of Contraction in Q1 2025

The Dow Jones Industrial Average experienced a significant drop of 650 points amid concerns over the U.S. economy's contraction in Q1 2025 and underwhelming private payroll data. T...

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

ECB's Joachim Nagel asserts that tariffs will inflate prices more in the US than in Europe, with significant growth implications for Germany and the broader European economy.

ECB's Nagel Predicts Stronger Inflation Impact in US Over Europe Due to Tariffs

Joachim Nagel of the ECB states that tariffs will have a stronger inflationary effect in the US than in Europe, with significant implications for Germany's economic growth.

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Uncertainties

Chevron CEO Michael Wirth shares an optimistic view on the US economy, dismissing immediate recession fears despite tariff-induced uncertainties. The IMF's revised growth forecast ...

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Tariff Concerns

Chevron CEO Michael Wirth sees no immediate signs of a US recession despite tariff uncertainties, advocating for a long-term economic view. Meanwhile, the IMF has lowered its 2025 ...

Chevron CEO Michael Wirth Dispels Recession Fears Amid Economic Slowdown Signs

Chevron CEO Michael Wirth reassures that the U.S. is not near a recession despite signs of slowing growth and IMF's adjusted forecasts, emphasizing a long-term economic perspective...

Chevron CEO Optimistic: US Economy Shows No Immediate Signs of Recession Despite Trade Tensions

Chevron CEO Michael Wirth remains optimistic about the US economy, seeing no immediate signs of a recession despite trade tensions and tariffs. The IMF has adjusted its 2025 US gro...

Goldman Sachs Warns: India's Stock Markets Strongly Correlated with US Despite Economic Insulation

Goldman Sachs analysis reveals India's economy is less vulnerable to US slowdowns due to minimal trade reliance, yet its stock markets show strong correlation with the US, highligh...

Scope Warns: US Faces Credit Risk and Recession from Escalating Trade War

Scope, a German credit rating agency, warns that the US could suffer credit negativity and recession due to the trade war's impact on dollar trust. Three scenarios, from light tari...

Citigroup Surpasses Expectations with a 3% Revenue Increase to $21.6 Billion in Q1 2025

Citigroup Inc. reports a 3% revenue increase to $21.6 billion in Q1 2025, with net income up 21% and earnings per share soaring 24%. CEO Jane Fraser highlights the company's strong...

Rising Inflation and Unemployment Fears: US Consumers Brace for Economic Uncertainty

US consumers face rising inflation and unemployment fears, with a New York Federal Reserve survey showing a jump in one-year inflation expectations to 3.6% and increased job loss a...

OPEC Lowers Global Economic Growth Forecast to 3% Amid Trade Uncertainties

OPEC revises global economic growth forecast down to 3% for 2025, citing trade uncertainties. The US and Eurozone face slower growth, while China is expected to maintain steady exp...

Hassett Optimistic on US Economy and EU Trade Negotiations: No Recession in Sight

Kevin Hassett, Director of the US National Economic Council, dismisses recession fears and highlights progress in EU trade talks. He also addresses insider trading allegations and ...

Janet Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to the Economy

Former Treasury Secretary Janet Yellen criticizes Donald Trump's tariff policies as harmful to the US economy, suggesting they may lead to a recession. She also links the suspensio...

Yellen Criticizes Trump's Tariffs as a Major Self-Inflicted Blow to US Economy

Former Treasury Secretary Janet Yellen criticizes President Trump's tariffs as a severe self-inflicted wound to the US economy, warning of increased recession risks due to these po...

Fed's Schmid Warns: Rising Inflation Expectations Could Challenge Economic Stability

Federal Reserve Bank of Kansas City President Jeff Schmid warns of the risks posed by rising inflation expectations, emphasizing the difficulty in containing inflation once it's em...

March Sees a Dip in US Small Business Optimism, NFIB Reports Below Average Figures

The NFIB reports a decline in US small business optimism in March, with the index falling below the 51-year average. Key concerns include taxes and labor quality, while sales expec...

Top US CEOs Sound Alarm: Trump's Tariffs Could Trigger Economic Recession

Top US CEOs warn that Trump's new tariffs could harm the economy, with potential for major impacts on manufacturers, workers, and the restaurant industry, alongside a significant m...

US Manufacturing Sector Shows Resilience: Factory Orders Rise by 0.6% in February

The US manufacturing sector showed signs of growth in February with factory orders rising by 0.6% to $594.0 billion, surpassing expectations. Shipments and unfilled orders also inc...

Exclusive: Trump Considers Dual-Phase Tariff Strategy to Bolster US Economy

President Donald Trump is exploring a two-step tariff strategy to impose emergency duties and investigate trading partners, with potential immediate tariffs on imported vehicles by...

President Trump Announces Potential Tariff Breaks for Multiple Countries, Signals New Levies

US President Trump hints at tariff exemptions for several countries, with new levies on autos, lumber, and chips. April 2nd dubbed "Liberation Day" for potential breaks, amid strat...

Treasury Secretary Scott Bessent Unfazed by Stock Market Volatility Amid Tariff Concerns

Treasury Secretary Scott Bessent remains optimistic about the US stock market's long-term performance despite recent volatility due to tariff policies. He acknowledges potential ec...

ECB's Villeroy Warns: Trump's Tariffs Spell Disaster for US Economy and Global Trade

Francois Villeroy de Galhau, ECB Governing Council member, criticizes Trump's tariffs as harmful to the US economy and global trade, highlighting the risks of escalating trade tens...

Treasury Secretary Bessent Unfazed by Short-term Market Fluctuations

US Treasury Secretary Scott Bessent discusses the administration's focus on long-term economic growth over short-term market volatility, amidst ongoing tariff negotiations and effo...

Dow Jones Dips as Canada Strikes Back with Tariffs Against the US

The Dow Jones Industrial Average experienced a downturn after Canada imposed a 25% tariff on US goods, reacting to previous US economic measures. While the Nasdaq 100 saw a slight ...

Kevin Hassett Predicts Resolution of Trade Uncertainty by Early April

Kevin Hassett, Director of the United States National Economic Council, anticipates the resolution of trade policy uncertainty by early April, with new tariffs effective April 2. H...

Hassett Predicts Resolution of Trade Uncertainties by Early April, Boosting US Economy

Kevin Hassett forecasts the resolution of US trade uncertainties by early April, aiming to boost the economy and bring back manufacturing jobs. Despite a predicted first-quarter co...

Hassett Predicts Early April Resolution to Trade Policy Uncertainty

Kevin Hassett, Director of the US National Economic Council, expects trade policy uncertainties to be resolved by early April, with new tariffs taking effect. He remains optimistic...

Market Reacts to Trump's Criticism: Dow Plunges Over 300 Points in Premarket

The Dow Jones Industrial Average dropped over 300 points in premarket trading following President Trump's criticism of Canada's tariff policy and his dismissal of recession concern...

Will Tariffs Lead to Lasting Inflation? Fed's Bostic Weighs In

Federal Reserve Bank of Atlanta President Raphael Bostic discusses the uncertain impact of tariffs on inflation, noting increased costs and potential price hikes, with clarity expe...

Dow Jumps 230 Points in Premarket, Rebounding from Yesterday's Sharp Decline

Wall Street attempts a recovery in premarket trading after a tariff-induced selloff, with the Dow Jones up by 234 points. Concerns over the US economy persist as tariffs against Ca...

Navarro Confirms: Trump Stands Firm on Tariffs Amid Global Trade Tensions

Peter Navarro, Senior Counselor to President Trump, asserts Trump's firm stance on tariffs against China, Canada, and Mexico, effective March 4. Navarro discusses the minimal impac...