Apr 22 Musk says he’ll step back from DOGE to focus on Tesla as company sees 71 percent drop in Q1 profits By Bernard Condon, Associated Press The company has faced angry protests over Musk's leadership of a federal government jobs-cutting group, a role some investors claimed distracted the CEO from leading Tesla. Continue reading
Apr 22 Watch 7:51 Economic forecasts show Trump’s tariffs having major global impact By Geoff Bennett, Azhar Merchant President Trump’s trade wars are likely to slow down economic growth across the globe significantly this year, according to projections from the International Monetary Fund. And Treasury Secretary Bessent reportedly told investors that he believes the trade war with China… Continue watching
Apr 22 Stocks rally, recover all of Monday’s slide as the dollar and U.S. bond market steady By Stan Choe, Associated Press The value of the U.S. dollar also stabilized after sliding against the euro and other competitors, while Treasury yields held steadier in the bond market. Continue reading
Apr 22 IMF drops global economic growth forecast amid uncertainty around Trump’s tariffs By Christopher Rugaber, Associated Press The forecasts are largely in line with many private-sector economists' expectations, though some do fear a recession is increasingly likely. Continue reading
Apr 21 Wall Street and the dollar plunge as investors worry about Trump’s trade war By Stan Choe, Associated Press U.S. government bonds and the value of the U.S. dollar sank as prices retreated across U.S. markets. Continue reading
Apr 18 Unusual sell-off in the dollar raises specter of investors losing trust in the U.S. under Trump By Bernard Condon, Associated Press Economists worry that the recent drop in the dollar is so dramatic that it reflects something more ominous as President Donald Trump tries to reshape global trade: a loss of confidence in the United States. Continue reading
Apr 17 Watch 7:40 Chicago Fed president on Trump’s trade war and threats to fire Powell By Amna Nawaz President Trump took aim at Jerome Powell, calling interest rates cuts and saying the Fed Chair's termination “cannot come fast enough.” It comes as his administration's tariffs continue to cause global fallout. The International Monetary Fund warns it expects slower… Continue watching
Apr 17 Watch 7:31 Explaining meme coins and why the joke-inspired cryptocurrencies often crash By Paul Solman, Diane Lincoln Estes In the up-and-down world of cryptocurrency, so-called meme coins are perhaps the most bewildering. The joke-inspired digital currency is all over the internet with new tokens popping up every day by the thousands. The value of some jumped thanks to… Continue watching
Apr 17 What is the bond market, and why does it matter for the economy? By Louis Jacobson, PolitiFact Even more than the stock market, experts say, the bond market may have forced President Donald Trump into pausing his country-by-country tariffs. Here's why. Continue reading
Apr 16 S&P 500 sinks as tech stocks fall amid thickening fog of Trump’s trade war By Stan Choe, Associated Press U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump’s trade war is clouding forecasts for how they and the… Continue reading