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Stagflation

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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
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
Posted inBreaking News Business News International News

Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values

NEW YORK (AP) — U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports. Virtually every sector suffered big losses…
Posted by John McCarthy April 3, 2025
Trump stokes trade war as world reels from tariff shock
Posted inBreaking News Business News International News

Trump stokes trade war as world reels from tariff shock

WASHINGTON (Reuters) — President Donald Trump's move to impose sweeping tariffs on U.S. imports sparked threats of retaliation on Thursday, as companies and governments rushed to count the costs from an…
Posted by John McCarthy April 3, 2025

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