The European Union reportedly hopes to reach a deal with the U.S. to remove and prevent the country’s new tariffs, but is ready to start implementing countermeasures. The EU is set to approve one set of tariffs targeting the U.S. on April 15 and plans...
Less than a week into the new reality of tariffs, the impact to U.S. households is coming into sharper focus. The hit to the family pocketbook will be significant, estimated in a new report by the Yale Budget Lab: as much as $3,800 annually. Breaking...
JPMorgan’s CEO says America’s latest tariffs could dampen an economy that was “already weakening.” In his annual letter to shareholders, published Monday (April 7), Jamie Dimon argues that there are several uncertainties tied to the tariff policy: the effect on confidence, investments, corporate profits and the U.S....
The latest jobs report, released Friday (April 4), may prove to be a high-water mark for hiring — reflecting March’s surge before the maelstrom of tariffs and trade wars. The trends point to a gradual cooling, but then again, that was before this week’s announcements...
Santander Executive Chair Ana Botín said Friday (April 4) that the bank sees an opportunity to help its customers manage the volatility brought on by U.S. tariffs and geopolitical uncertainty. “The recent announcements in the U.S. regarding tariffs reflect an escalation in trade tensions,” Botín...
Likely no business vertical will emerge unscathed from the latest round of tariffs imposed by the President Donald Trump administration, but the automotive industry stands to be hit the hardest. Manufacturers and dealerships are navigating a complex landscape of price adjustments, production halts and strategic...
There are days when a plunge in the markets clears the air, and when sweeping global policy changes — from the top down, via the office of the president — might mark a shift in direction, but the overall path is well-charted. Thursday (April 3)...
The tariffs announced by the President Donald Trump administration Wednesday (April 2) are now a reality, and a trade war is a real possibility. For middle-market firms, supply chain changes and external financing may be the first lines of defense before raising prices on consumers,...
Job cuts in government, technology and retail led the way as U.S. employers announced the largest number of cuts in one month since May 2020. Among the 275,240 job cuts announced in March, 216,215 were in government, 15,055 were in technology and 11,709 were in...
