Twenty-five percent tariffs on imported cars are now in effect in the U.S. As the New York Times reported Thursday (April 3), it’s a policy that President Donald Trump argues will lead to investments and jobs in the American car industry. Analysts, meanwhile, say the levies will...
There are fewer jobs to be had, and layoffs have inched up. Consumer confidence was already shaken ahead of the Bureau of Labor Statistics’ latest snapshot of the labor market released Tuesday (April 1). The specter of uncertain job security may accelerate a spending pullback...
Lower sentiment for the U.S. and product boycotts sparked by tariff threats could affect the country’s GDP. Pullbacks in tourism and in demand for U.S. products are expected to have an impact, Seeking Alpha reported Tuesday (April 1), citing findings by a Goldman Sachs research...
The number of job openings in the United States declined to 7.57 million in February, down from 7.76 million in January and 8.45 million in February 2024, the Bureau of Labor Statistics (BLS) said Tuesday (April 1). The BLS released the figures in a table...
New U.S. tariffs on automobiles and auto parts reportedly may lead to a reduction of consumer purchasing power and spending across the economy. The effect of the tariffs is likely to be longer lasting than the supply chain shocks the automotive sector experienced during the...
The push and pull of various pressures — inflation, tariffs and worries about the general state of affairs — has shown up in several economic reports released Friday (March 28). A connecting of the dots indicates that consumer spending was anemic, in real terms, as...
Wall Street banks are reportedly gearing up to cut staff amid ongoing economic uncertainty. Recruiters and analysts discussed the state of dealmaking in a Wednesday (March 26) Reuters report. Tariff threats by President Donald Trump have upset the stock market and heightened the risk of...
Consumers are weighed down by concerns about tariffs and the state of their own financial conditions — and they’re anything but confident. As they eye the so-far-unknown impact of tariffs, they seem, still, willing to spend, but that spending’s a “pull forward” before things get...
American consumers are growing more cautious about spending, according to an executive at card issuer Synchrony. In an interview with Reuters published Tuesday (March 25), Synchrony EVP and Chief Credit Officer Max Axler said that while Americans’ finances are more or less healthy, consumers are still preparing for their...
