Category: Market

Bad news about the U.S. economy spreads quickly, but concerns about an economic slowdown may be exaggerated. Consumer spending declined in January for the first time in nearly two years, a real-time economic growth forecast recently turned negative, the housing market had a sluggish start to the year, and uncertainty looms due to President Donald…

Starting Monday, Chinese tariffs of up to 15% on various U.S. agricultural products will take effect, potentially intensifying trade tensions between the world’s two largest economies. The newly announced tariffs will impact a broad range of commodities, including beef, poultry, and grains. In addition to these levies, Beijing has also decided to fully suspend soybean…

President Donald Trump’s tariffs on Canada and Mexico are an “attempt to stop the bleeding” in the American economy, United Auto Workers President Shawn Fain said on “This Week” on Sunday, defending the controversial measures. “We’re in a crisis mode in this country,” Fain stated, arguing that America’s trade system is “broken” and in need…

US stocks experienced a sharp decline on Thursday as a renewed sell-off in the technology sector unsettled a market already under pressure from concerns about the economic impact of President Donald Trump’s tariffs. The S&P 500, a blue-chip index, fell by 1.8 percent, putting it on track for its worst week since early September. The…

The Trump administration’s extensive federal spending cuts and growing economic uncertainty contributed to a surge in layoff plans last month, reaching levels comparable to a recession, according to new data released Thursday. In February, U.S.-based employers announced plans to eliminate 172,017 jobs—a 103% increase from the previous year and the highest total for the month…

Walgreens Boots Alliance is set to go private in a deal valued at up to $23.7 billion, marking the end of a difficult period in the public markets, where the company has seen its market capitalization decline sharply and more than 10% of its store locations shuttered. This transition brings nearly a century of public…

On Thursday, the European Central Bank lowered interest rates by 25 basis points and modified the wording in its policy statement to indicate that monetary policy was becoming “meaningfully less restrictive.” This reduction brings the ECB’s deposit facility rate—its key benchmark—to 2.5%, a move that had been widely anticipated by markets prior to the announcement.…

HeAs it fights off a takeover attempt by a Canadian competitor, the Japanese parent company of 7-Eleven announced a significant restructuring on Thursday, which includes appointing its first foreign-born chief executive. Seven & i Holdings revealed that Stephen Dacus, 64, a board member and experienced retail executive from the United States, will assume the CEO…

The United Auto Workers (UAW) union has expressed its support for President Trump’s tariffs announced on Tuesday, fully endorsing the “aggressive” measures aimed at revising previous trade agreements with neighboring countries. “Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals,” the union stated in its Tuesday announcement. On…

U.S. President Donald Trump took to social media on Sunday to reveal the names of five digital assets he intends to include in a new U.S. strategic reserve of cryptocurrencies, causing a surge in their market value. In a post on Truth Social, Trump stated that his executive order on digital assets from January would…