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Stagflation

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Trump goes with his gut and the world goes along for the ride
Posted inBreaking News Business News International News

Trump goes with his gut and the world goes along for the ride

WASHINGTON (AP) — After President Donald Trump reversed course on his tariffs and announced he would pursue trade negotiations, he had a simple explanation for how he would make decisions in the…
Posted by John McCarthy April 13, 2025
Consumer sentiment has plummeted, University of Michigan survey says
Posted inBreaking News Business News Consumer News

Consumer sentiment has plummeted, University of Michigan survey says

Americans are not feeling great about the economy. Consumer sentiment dropped 11% from March to April, declining for the fourth straight month, according to preliminary results from the University of…
Posted by John McCarthy April 11, 2025
Trump says countries are ‘kissing my ass’ to make trade deals
Posted inBreaking News Business News International News

Trump says countries are ‘kissing my ass’ to make trade deals

"Don't let some of these politicians go around saying, you know, because I'm telling you, these countries are calling us up, kissing my ass. They are. They are dying to…
Posted by John McCarthy April 9, 2025
Trump’s tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces customer boycott
Posted inBreaking News Business News Consumer News

Trump’s tariffs could TRIPLE the price of an iPhone as Apple loses 10% of its value in one day and faces customer boycott

LONDON (DM) The price of an iPhone could triple under Donald Trump's new tariffs, analysts claimed today as Apple fans consider boycotting the firm which has seen its stock plummet. The cost of…
Posted by John McCarthy April 7, 2025
US consumers rush to buy big-ticket items before Trump’s tariffs kick in
Posted inBreaking News Business News Consumer News

US consumers rush to buy big-ticket items before Trump’s tariffs kick in

ARLINGTON, Virginia (AP) — John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased…
Posted by John McCarthy April 5, 2025
Trump goes all in with bet that the heavy price of tariffs will pay off for Americans
Posted inBreaking News Business News International News

Trump goes all in with bet that the heavy price of tariffs will pay off for Americans

WASHINGTON (AP) — Not even 24 hours after his party lost a key Wisconsin race and underperformed in Florida, President Donald Trump followed the playbook that has defined his political career: He doubled…
Posted by John McCarthy April 5, 2025
Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market
Posted inBreaking News Business News National News

Stock market rout deepens as Dow plunges more than 2,200 points and Nasdaq enters bear market

NEW YORK (CBS) — Financial markets ended a tumultuous week with a thud, as stocks tumbled for a second straight day on concerns about the economic fallout from new U.S.…
Posted by John McCarthy April 4, 2025
Congress has the power to halt Trump’s tariffs. But Republicans aren’t ready to use it
Posted inBreaking News Business News National News

Congress has the power to halt Trump’s tariffs. But Republicans aren’t ready to use it

WASHINGTON (AP) — As stock markets tumble in the aftermath of President Donald Trump’s sweeping tariffs, Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs…
Posted by John McCarthy April 4, 2025
Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump tariffs
Posted inBreaking News Business News International News

Sell-off worsens worldwide and Dow drops 1,000 after China retaliates against Trump tariffs

NEW YORK (AP) — Stock markets worldwide are careening even lower today after China matched President Donald Trump’s big raise in tariffs in an escalating trade war. Not even a better-than-expected report on the U.S. job market,…
Posted by John McCarthy April 4, 2025
Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds
Posted inBreaking News Business News International News

Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds

WASHINGTON (Reuters) — President Donald Trump's approval rating fell to 43%, the lowest since his return to office, as Americans soured on his tariff moves and his administration's handling of information…
Posted by John McCarthy April 3, 2025

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