Goldman Sachs, GS, says to brace for a bigger stock drawdown, wider credit spreads and recession

The United States could face a recession as a result of the fallout from a global trade war, though the economic pain would be felt broadly — including in the eurozone, albeit to a lesser degree, French central bank governor François Villeroy de Galhau said Wednesday. Speaking at the Atlantic Council

Scott Bessent: "America first does not mean America alone"

U.S. Treasury Secretary Scott Bessent continued the Trump administration’s outreach efforts with a more conciliatory tone toward America’s trade partners. “‘America First’ does not mean America alone. On the contrary, it calls for deeper cooperation and mutual respect among our trade partners,” Bessent said during remarks at

White House considers slashing China tariffs to de-escalate trade war

The Trump administration is open to reducing tariffs on Chinese imports depending on the outcome of discussions with Beijing, according to a source familiar with the matter. The source emphasized that any changes would not be made unilaterally. The comments came in response to a Wall Street Journal report suggesting

Trump has said that tariffs on China will come down and he won't play hardball

U.S. President Donald Trump said tariffs on Chinese imports will be reduced “substantially” from the current 145% rate. “It won’t be that high, not going to be that high,” Trump said during a press conference in the Oval Office on Tuesday. He added that he believes a trade

RFK Jr to create a new 'disease registry' that will track Americans with autism

The National Institutes of Health is assembling private medical records from a range of federal and commercial sources to support a new autism research effort spearheaded by Health and Human Services Secretary Robert F. Kennedy Jr., NIH Director Dr. Jay Bhattacharya announced Monday. This data aggregation will provide external researchers

The FDA has officially announced they will be banning artificial dyes in the food supply by the end of 2026

The United States will ban eight widely used artificial food dyes in an effort to help Americans “know what’s in their food,” Health Secretary Robert F. Kennedy Jr. announced on Tuesday. Officials said two of the dyes—both petroleum-based synthetics—will be phased out in the coming weeks, with

OpenAI said it would be interested in purchasing Google's, $GOOGL, chrome internet browser

OpenAI would be interested in acquiring Google’s Chrome browser if antitrust regulators succeed in forcing Alphabet (GOOGL.O) to divest the popular web browser as part of broader efforts to restore competition in online search, an OpenAI executive testified Tuesday during Google’s antitrust trial in Washington. Nick Turley,

The Trump Administration has been mulling ways to get more Americans married and having kids — including a $5,000 “baby bonus” for every new mom after delivery

The Trump administration is exploring ways to encourage more Americans to marry and have children — including a potential $5,000 “baby bonus” for new mothers after childbirth, according to a report. White House officials have recently been brainstorming solutions to address the country’s declining birth and marriage rates, aiming

US Dollar is now used in nearly 50% of global payments, the highest level in more than 12 years

The U.S. dollar hovered near multi-year lows against the euro and Swiss franc on Tuesday, as President Donald Trump's intensified criticism of the Federal Reserve stirred concerns over the central bank’s independence. Analysts noted the dollar remained particularly vulnerable amid rising apprehension over the Trump administration’

Expect a ‘severe’ market reaction if Trump tries to fire Powell, says Evercore ISI’s Krishna Guha

U.S. stock markets dropped again on Monday as President Donald Trump escalated his attacks on Federal Reserve Chair Jerome Powell, whom he labeled “a major loser” for not cutting interest rates. “There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates,

DHL will now suspend consumer shipments ‘from any origin’ that are over $800 because of a tariff-induced backlog at US customs

The global logistics firm DHL has announced it will stop shipping packages valued over $800 to U.S. consumers, citing new, stricter U.S. customs rules. The company pointed to the 10% tariffs imposed by the Trump administration in early April, which it says have triggered increased customs scrutiny for

Individual investors have become the most important holder of U.S. equities, owning around 60%

The proportion of U.S. equities held by Americans aged 55 and older has surged to around 80%, up from 60% two decades ago, according to a Rosenberg Research analysis of Federal Reserve data. Notably, those 70 and older now hold a striking 30% share of the stock market. “With

U.S. dollar falls to three-year low

The U.S. dollar hovered near multi-year lows against the euro and Swiss franc on Tuesday, as President Donald Trump's intensified criticism of the Federal Reserve stirred concerns over the central bank’s independence. Analysts noted the dollar remained particularly vulnerable amid rising apprehension over the Trump administration’

US sets tariffs as high as 3,403% on solar cells from Southeast Asia

The U.S. Commerce Department has unveiled plans to impose tariffs of up to 3,521% on solar panel imports from four Southeast Asian countries, following a year-long investigation initiated after several major solar equipment manufacturers requested protection for their U.S.-based operations during the Biden administration. The proposed

US VP Vance: India and America have finalised terms of reference for a trade deal

India and the United States must work together effectively to ensure a “prosperous and peaceful” 21st century, U.S. Vice President JD Vance said during a speech calling for deeper ties between the two nations across multiple sectors. Speaking in the city of Jaipur during his four-day visit to India,

The S&P 500’s performance since Inauguration Day is now the worst for any president up to this point in data going back to 1928

Trump’s stock market is generating some eye-popping numbers — and the comparisons now stretch back nearly a century. The Dow Jones Industrial Average has dropped 9.1% in just the first three weeks of April, marking its worst April performance since 1932. The only other April to perform worse? April

Bessent: Situation with China is unsustainable… needs de-escalation

U.S. Treasury Secretary Scott Bessent told a private investor summit on Tuesday that the ongoing tariff standoff with China is not sustainable and that he anticipates a de-escalation in the near future. According to attendees at the closed-door session—part of an event hosted by JPMorgan Chase & Co.

U.S. Department of Education will now begin collecting student loan payments, not collected from those who defaulted since 2020

The Education Department will resume collection efforts next month on student loans in default, including wage garnishment for potentially millions of borrowers, officials announced Monday. Currently, approximately 5.3 million borrowers have defaulted on their federal student loans. The Trump administration’s move signals the end of a period of

World Economic Forum founder and chairman Klaus Schwab resigns with immediate effect

Klaus Schwab, the Founder and Chairman of the World Economic Forum’s (WEF) Board of Trustees, has officially stepped down after 55 years of leadership at the Geneva-based organization. Schwab, who is turning 88, notified the Board of Trustees that he would be resigning from his role effective immediately. “Following

U.S. Dollar is now used in nearly 50% of global payments, the highest level in more than 12 years

Japan will not continue yielding to U.S. demands in pursuit of a tariff agreement, Prime Minister Shigeru Ishiba said on Monday, delivering some of his most assertive comments yet since President Donald Trump began pressing Tokyo for greater access to Japan’s auto and agriculture sectors as part of

Donald Trump has said there is virtually no inflation and Jerome Powell should cut interest rates

* President Donald Trump warned on Monday that the U.S. economy could weaken unless the Federal Reserve cuts interest rates immediately. He once again criticized Fed Chair Jerome Powell, who has said that rates should remain unchanged until it’s clearer that Trump’s tariff policies won’t cause sustained

Millennials, who were born between 1981 and 1996, earn 20% less than baby boomers did at their age

Living paycheck to paycheck affects all income levels, including half of high earners (those making $100,000 or more annually) as of January 2025. Across all income brackets, individuals report a similar ability to pay their monthly bills without significant difficulty, yet still rely on their next paycheck to stay

Fake job seekers are flooding U.S. companies that are hiring for remote positions

Scammers are increasingly turning to artificial intelligence to disguise their identities and create fake profiles when applying for remote jobs, according to recent research. AI tools are now capable of assisting fraudsters at nearly every stage of the hiring process. From generating fabricated résumés and professional headshots to creating convincing

French President Emmanuel Macron has expressed his belief that the Euro has the potential to replace the U.S. Dollar as the world’s primary reserve currency

As the U.S. president overturns long-standing economic norms—causing global market turbulence—some of Europe’s top policymakers see a potential opening for the continent’s single currency. “We shouldn’t downplay it—the euro has been a great success for 25 years,” Bundesbank President Joachim Nagel said during

Trump administration to announce plan to remove artificial food dyes from US food supply

The Trump administration is preparing to take steps to remove artificial food dyes from the U.S. food supply, according to a media advisory issued Monday by the U.S. Department of Health and Human Services. HHS Secretary Robert F. Kennedy Jr. and FDA Commissioner Marty Makary are scheduled to