6 h. ago Trump’s promised ‘golden age’ for the US economy is off to a chaotic start

Growth in the first three months was challenged by Trump’s overhaul plans, and execution of his tariffs created widespread confusion and uncertaintyDonald Trump promised to usher in a new “golden age” for the US economy – one with lower prices, more jobs and greater wealth. This week, his first quarter report card came in, and the new age is off to a chaotic start.Gross domestic product (GDP) shrank for the first time in three years during the first quarter, abruptly turning negative after a spell of robust growth as trade distortions and weaker consumer spending dampened activity. Continue reading...

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16 h. ago Online retailer stuns shoppers by abruptly halting packages from China as Trump's tariff rules kick in

Bargain fast-fashion chain Temu has halted all shipments into the US from China. 

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16 h. ago America says it’s Trump’s economy (despite his constant blaming of Biden)

Donald Trump has consistently blamed Joe Biden for the turbulent stock market after the president triggered a global trade war with his tariffs

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16 h. ago Jeff Bezos is set to sell nearly $5bn worth of Amazon stock amid Trump’s tariffs

Disclosure comes as Amazon cited ‘recessionary fears’ in first-quarter financial results

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17 h. ago Trump live: President’s unprecedented budget proposal alarms some key Republicans

Despite steep cuts to non-defense discretionary spending, huge military parade still being planned for president’s birthday in June

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19 h. ago Wall Street and European markets finish week on a high after US jobs report

FTSE 100 records its longest winning streak as Washington releases better-than-expected hiring figuresMarkets on both sides of the Atlantic rose on Friday after hiring in the US slowed less than expected in April, offering a glimmer of hope that the world’s largest economy was in a better-than-feared position to withstand the fallout from Donald Trump’s tariffs.On Wall Street the S&P 500 was up 1.5% and the Dow Jones rose 1.3% by early afternoon on Friday, while European markets closed sharply higher after official figures showed the US workforce grew by 177,000 last month. Continue reading...

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20 h. ago Trump live: President’s unprecedented budget proposal slashes $163 billion in federal spending

Despite steep cuts to non-defense discretionary spending, huge military parade still being planned for president’s birthday in June

Economics

20 h. ago Small foreign retailers are giving up on America as Trump ends practice that exempted cheaper goods from tariffs

May 2 marks the end of the ‘de minimis’ exemption, a longstanding rule that applied to packages entering the U.S. worth under $800

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21 h. ago Trump unveils 2026 budget blueprint that includes deep cuts to non

Proposed budget would raise defense spending by 13% and homeland security spending by nearly 65% compared to 2025 levelsThe seeds were sown for yesterday’s ousting of Mike Waltz as national security adviser long before “Signalgate”, notes Politco.The outlet reports that his approach to the job was unpopular and Waltz was seen as too cocky. One person close to the White House said:He’s a staff, but he was acting like a principal.Waltz has been on thin ice for a while. [Signalgate] made the ice thinner but at the same time may actually save him for now because they don’t want to give [Jeffrey] Goldberg a scalp. Continue reading...

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21 h. ago Shein Drops UK Communications Firms as Trump Tariffs Throw London IPO off Course

Shein Drops UK Communications Firms as Trump Tariffs Throw London IPO off Course  U.S. News & World Report

Economics

21 h. ago One hundred days in, Donald Trump faces a problem: he can rage, but he can’t govern | Jonathan Freedland

Americans are beginning to worry about their future amid a shrinking economy, warnings of empty shelves – and the president’s failed promisesHe says it’s the “best 100-day start of any president in history”, but you can file that along with his boast about crowd sizes and his claim to have won the 2020 election. In truth, the first three months of Donald Trump’s second presidency have been calamitous on almost every measure. The single biggest achievement of those 100 days has been to serve as a warning of the perils of nationalist populism, which is effective in winning votes but disastrous when translated into reality. That warning applies across the democratic world – and is especially timely in Britain.Start with the numbers that matter most to Trump himself. A slew of polls appeared this week, but they all told the same story: that Trump’s approval ratings have collapsed, falling to the lowest level for a newly installed president in the postwar era. He has now edged ahead of h...

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22 h. ago Jeff Bezos to sell up to $4.75bn in Amazon stock over next year

Company’s founder plans to offload up to 25m shares through a trading planBusiness live – latest updatesJeff Bezos is preparing to sell up to $4.75bn (£3.6bn) worth of Amazon stock over the next year, according to a regulatory filing made on Friday.The technology company’s executive chair and former chief executive plans to offload up to 25m shares through a trading plan that ends on 29 May 2026. Continue reading...

Politics

22 h. ago Trump live: White House proposes huge federal cuts but still plans massive parade for president’s birthday

President Trump also closed a major shipping loophole that allowed Americans to purchase cheap goods from China without paying tariffs

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24 h. ago Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

The report gives the first glimpse of how the economy has fared after Trump’s so-called ‘Liberation Day’ when he introduced sweeping tariffs that plunged the stock market into chaos

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25 h. ago China says it is ‘evaluating’ US offer for talks on Trump tariffs

Beijing warns Washington that any attempt to use talks as pretext to engage in coercion and extortion won’t work

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26 h. ago Revealed: Forecasts of greenhouse gas emissions from fossil fuels soar in Trump’s first 100 days

Tariff chaos hampers Trump’s pledge to ‘drill, baby, drill’, but analysis still shows surge in planet-heating emissions‘A ruthless agenda’: charting 100 days of Trump’s onslaught on the environmentDonald Trump’s ambitions for the US to “drill, baby, drill” for more fossil fuels have ironically been hampered by the economic chaos unleashed by his own tariffs, but the US is still on track to increase oil and gas extraction, causing a surge in planet-heating emissions, a new analysis shows.The US was already the world’s leading oil and gas power, producing more of the fossil fuels than any country in history during Joe Biden’s administration. But Trump has sought to escalate this further, declaring an “energy emergency” to open up more land and ocean for drilling and launching an unprecedented assault on environmental regulations in his first 100 days back in the White House. Continue reading...

Politics

27 h. ago Trump orders funding cut for public broadcasters NPR and PBS in fresh attack on media – US politics live

President accuses radio and TV channel of bias and pulls taxpayer fundingFormer national security adviser John Bolton has called on defense secretary Pete Hegseth to step down, citing concerns for his personal safety.Speaking on CNN, Bolton – who also served as US ambassador to the United Nations under President George W Bush – was asked whether Hegseth should remain in his position. Continue reading...

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28 h. ago Trump live: Waltz in fresh Signal controversy after ousting from national security adviser role

President Trump also closed a major shipping loophole that allowed Americans to purchase cheap goods from China without paying tariffs

Politics

33 h. ago Microsoft wins Big Tech’s first earnings battle since Trump’s tariffs

Apple and Amazon lose out as trade war threatens to hit hardware and ecommerce hardest

Politics

34 h. ago Trump live: President evokes campaign days, telling stories to University of Alabama grads as his polls slump

The president addressed nearly 3,000 students at a University of Alabama commencement event

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