U.S. trade deficit will pummel growth in first quarter, raising recession risk. Tariffs won't help.
"To reduce the overall trade deficit, the U.S. will have to reduce capital inflows into the U.S. and that is hard to do without reducing the U.S. fiscal budget deficit which sucks up U.S. savings and ...
March madness? U.S. jobs report could show first signs of trade-war fallout.
Escalating trade tensions have fostered anxiety among U.S. households and businesses. Now the March jobs report could shed light on how much President Donald Trump's tariffs were weighing on the ...
Kering Sets Sights on Italian Eyewear With Visard Acquisition, Stake in Mistral
Gucci parent Kering said that its eyewear division signed an agreement to buy Visard and become a shareholder in Mistral. Both Visard and Mistral are Italian eyewear manufacturers. Under the deal, ...
What Trump's reciprocal tariffs mean for home buyers and sellers
The Trump administration put a minimum tariff of 10% on imported goods from all countries, and announced additional tariffs on goods from countries that the White House identified as "worst offenders.
Opinion
For US Banks, Tariffs Pose Significant Macroeconomic Risks and Are Unconditionally Bad
President Donald Trump unleashed a barrage of tariffs on US trading partners that were significantly more aggressive and broader in scope than the market’s expectation. US banks reacted negatively to ...
WTO Sees Decline in Trade Flows, Threat of Tariff War
Trade in goods rebounded last year after a 2023 decline, and the WTO had expected to see a further pickup this year. But that outlook has changed following the sweeping rise in duties on imports ...
US Defense Manufacturers: Tariff Impact Muted by Largely Domestic Supply and Limited Exports
President Donald Trump imposed new tariffs on imports from US global trading partners with the stated intention of boosting ...
Could tariffs trigger a stock market circuit breaker? Here's how much further the S&P 500 has to fall.
Circuit breakers have become a feature of the stock market that halt trading across exchanges when the S&P 500 falls rapidly. They were born out of the "Black Monday" stock-market crash of 1987 and ...
Toronto Stocks Slide as Trump Tariffs Sow Chaos; Dollarama Shares Rise
Shares in Dollarama bucked the broader negative trend, rising 4.3%, to C$166.25, after reporting higher fiscal fourth-quarter profit as Canadians continued to seek value in their everyday shopping, ...
Nordic Stocks Drop; International Petroleum Falls Furthest
Stocks in the Nordic region declined Thursday, with the OMX Nordic 40 Index declining 3.3%. International Petroleum Corp. posted the largest decline among large stocks during the session, plunging ...
Buckle up: U.S. economy runs higher risk of recession due to tariff turbulence
The U.S. was already flirting with the first decline in economic growth in three years before President Donald Trump unveiled his latest round of tariffs on Wednesday. Now economists say two quarters ...
Biopharma Industry: Exempt From Global 10% Tariff, but We Still See Margin and Tax Rate Risks
Previously implemented tariffs on pharmaceutical imports from China (raised from 10% in February to 20% in March) appear ...