Hate to say you read it here first, but here’s a prescient quote left on the cutting room floor from PYMNTS CEO Karen Webster’s interview with QED Investors partner Amias Gerety just two days ago: “Because this is a self-inflicted economic wound, we get an...
Goldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs. This happened Wednesday (April 9) and reflected the challenges analysts...
The European Commission said Wednesday (April 9) that the European Union will start collecting tariffs on U.S. goods, starting Tuesday (April 15). EU member states voted Wednesday in favor of this move, which the Commission proposed as a countermeasure against tariffs the U.S. imposed on...
The CEO of America’s biggest bank says the country’s tariffs will likely trigger a recession. In an interview Wednesday (April 9) with Fox Business’ “Mornings with Maria” show, JPMorgan Chase CEO Jamie Dimon called on the White House to make headway on negotiations with trading...
Thousands of Canadian autoworkers have been furloughed amid new tariffs in the country. Now, Canada’s largest private-sector union is warning these temporary layoffs could be the beginning of larger troubles for the sector, Bloomberg reported Wednesday (April 9). “The industry will not be able to...
The heads of America’s biggest banks are reportedly disconnected from the White House’s tariff efforts. To illustrate this fact, The Wall Street Journal (WSJ) on Wednesday (April 9) shared the story of a recent meeting in Washington D.C. attended by the CEOs of JPMorgan Chase, Goldman Sachs, Bank of America and Wells...
Some business leaders are reportedly voicing concerns about tariffs after seeing the impact the policy has had on the stock market. They are doing so publicly after initially working through trade groups or in meetings with Trump administration officials, The Wall Street Journal (WSJ) reported...
As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a fever pitch. The once-promising but cautious outlook for the U.S. economy is now being derailed by growing recession fears, casting...
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain....
