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
Apr 16 Bank of America ordered to pay $540 million in long-running lawsuit from the FDIC By Associated Press A federal judge has ordered Bank of America to pay more than $540 million to resolve long-running litigation from a U.S. regulator that alleged the company underpaid mandatory assessments for deposit insurance. Continue reading
Apr 16 Trump to join his top economic advisers for trade negotiations with Japan at the White House By Darlene Superville, Mari Yamaguchi, Associated Press The Republican president said in a social media post that he’ll attend the meeting alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick who have a central role in his trade and tariff policies. Continue reading
Apr 16 Ahead of Trump’s tariffs, retail sales rise 1.4% in March as shoppers stock up on big ticket items By Anne D'Innocenzio, Associated Press U.S. shoppers increased their shopping last month, fueled by a spending spree on foreign-made new items from gadgets to cars before President Donald Trump’s expansive new tariffs started kicking in. Continue reading
Apr 15 Japan’s chief trade negotiator to visit Washington for tariff talks this week By Mari Yamaguchi, Associated Press The visit is to "build a relationship of trust" between the two sides, with Japan requesting the U.S. side to drop the tariff measures, Hayashi said on Wednesday. Continue reading
Apr 14 Watch 8:02 Confusion over electronics tariffs injects more uncertainty into economy By William Brangham, Courtney Norris, Azhar Merchant, Solveig Rennan The escalating trade war between the U.S. and China is continuing to inject uncertainty into the world’s two largest economies. Over the weekend, President Trump and top trade officials added to the confusion, carving out exemptions for tariffs on electronic… Continue watching