Trump’s ongoing 25% auto tariffs expected to cut sales by millions, cost $100 billion
Expectations include millions of less vehicle sales, higher new and used vehicle prices and increased costs of more than $100…
Category: Economy
Investors are growing concerned about a U.S. asset exodus as Treasuries and the dollar decline
The combined decline of U.S. stocks, bonds and the dollar could be a sign of a broader shift away from…
Trump tariffs on China will soon bring ‘irreversible’ damage to many American businesses
Apple's iPhone and other tech got a reprieve from Trump's China tariffs policy, but most businesses will soon face 'irreversible'…
Trump exempts phones, computers, chips from new tariffs
Financial markets have been roiled since President Trump imposed stiff tariffs on China, where Apple and other tech companies make…
U.S. Customs reports ‘glitch’ in system used by freight shippers for tariffs
A Customs notice reported a glitch in a system shippers use to exempt freight from tariffs. Logistics experts say it…
BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now
The asset management executive spoke to CNBC about the state of the economy, which has been rattled by tariffs from…
Fed’s Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.
The trends are running counter to what you might normally see, the central bank official told CNBC. ...
10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield was higher on Friday as the bond market sell-off resumed, influenced by U.S. President Donald Trump's…
Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows
The University of Michigan consumer survey's mid-month reading on sentiment fell to 50.8. ...