Nervous investors seeking news about the plunging markets on Monday afternoon would have been out of luck if they turned to the websites of The New York Post, The Daily Caller, One America News or The Blaze. Not one of those right-leaning outlets featured articles about the sell-off as the closing bell rang, cementing Wall … Read more
Inflation eased more than expected in February, a welcome sign for the Federal Reserve as it grapples with the prospect of higher prices and slower growth as a result of President Trump’s trade war. The Consumer Price Index was up 2.8 percent from a year earlier, after rising another 0.2 percent on a monthly basis. … Read more
Markets whipsawed on Tuesday, as investors puzzled through President Trump’s commitment to tariffs, with stocks dropping in early trading before recovering late in the day. The S&P 500 index fell 1.5 percent at its low point before recovering some ground and ending the day 0.8 percent lower. Recent waves of selling have left the S&P … Read more
Eggs prices continued their upward climb in February despite some easing in overall inflation, further straining consumers seeking relief from rising prices in the grocery aisles. Data from the Bureau of Labor Statistics released on Wednesday showed that egg prices rose 10.4 percent from the previous month, to nearly $5.90 for a dozen large Grade … Read more
Policymakers are grappling with “exceptionally high” uncertainty, Christine Lagarde, the president of the European Central Bank, said on Wednesday, just hours after the European Commission announced tariffs on U.S. imports in response to levies imposed by the Trump administration. Later, Canada announced a new round of retaliatory tariffs on U.S. imports. The unpredictability of trade … Read more
Stocks rose on Wednesday after a tumultuous few days of trading following President Trump’s decision to impose tariffs on some of the United States’ biggest trading partners and retaliatory measures by the European Union, China and Canada. Futures on the S&P 500, which allow investors to trade ahead of exchanges opening, were slightly higher. The … Read more
Inflation is expected to have stayed stubbornly high in February, an unwelcome sign for the Federal Reserve as it grapples with the prospect of a sharp slowdown in growth as a result of President Trump’s trade war. The latest reading of the Consumer Price Index, set for release on Wednesday, is forecast to have risen … Read more
President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration. But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did … Read more
Airlines flashed an early-warning signal on Tuesday, suggesting that consumers and businesses were starting to get nervous amid wider economic and political uncertainty. Several carriers cut their financial forecasts for the first few months of the year, saying that revenue would be weaker than expected. They pointed to a number of reasons: bad weather, high-profile … Read more
Trump faces an increasingly tough crowd President Trump won over Americans with a promise to return the country to “boom” times of low taxes and deregulation. Fifty days into office, he’s now pitching an economy in “a period of transition” for which he can’t rule out a recession. His stay-patient message may get tested on … Read more