36 m. ago Wall Street falls again as tariff fears grip markets – business live

Rolling coverage of the latest economic and financial news, as US markets slide after Beijing imposes tariffs on imports of agricultural goods from AmericaAnalysts at investment bank Jefferies remain optimistic about the prospects for the US economy in the second half of 2025 – while also fearing that it may slow more than expected in the first half of the year.In an updated US Economic Outlook, Jefferies tell clients:Broadly, these changes are modest relative to what we were looking for at the beginning of the year. We started out 2025 expecting growth to slow in the first half due to exactly the sort of tensions and uncertainty about policy that we are currently seeing. It now appears that the slowdown will be a bit more pronounced than we expected, but we remain optimistic about the second half of the year and beyond.We expect that the labor market will continue to cool gradually in the months ahead, with downside risks due to government spending uncertainty. We continue to expec...

Economics

83 m. ago Trump refuses to rule out recession as chaotic trade war with Canada, Mexico and China escalates: Live updates

President’s remarks follow turbulent week as markets rattled by series of aggressive tariff announcements and immediate walkbacks

Politics

4 h. ago Trump refuses to rule out recession and new Canadian PM Mark Carney vows to win trade war: Live updates

President’s remarks follow turbulent week as markets rattled by series of chaotic tariff announcements and immediate walkbacks

Politics

6 h. ago China’s retaliatory tariffs on US farm goods kick in, as trade war escalates – business live

Rolling coverage of the latest economic and financial newsChina’s stock markets have dropped today, as the double-whammy of trade war fears and deflation weighed on investors.The CSI 300 index dropped by 0.4%, while in Hong Kong the Hang Seng index slid by 1.8%.The week starts on a sharp negative note for the Chinese stocks, as the latest inflation update showed that consumer prices in China fell the most in more than a year .Overall, the week is expected to bring more tariffs the Chinese tariffs on US agricultural and some Canadian products will start today, while the US steel and aluminium tariffs will be live from Wednesday.Monday kicks off with the same old deflationary drumbeat as China’s consumer inflation took a deeper dive than expected, slipping below zero for the first time in over a year. The data only reinforces what’s been clear for months—deflationary pressures remain firmly entrenched in the world’s second-largest economy.The property sector remains stuck in the mud, ...

Economics

18 h. ago ‘I hate to predict things’: Trump doesn’t rule out US recession amid trade tariffs

President downplays recent stock market volatility that followed his ducking and weaving over tariff policyDonald Trump on Sunday refused to rule out the possibility that the US economy will head into recession this year and that inflation will rise, as his chaotic trade tariffs policy cause uncertainty and market turbulence.The US president predicted that his economic goals would take time and a period of transition to bear fruit. But when asked in an interview with the Fox News show Sunday Morning Futures “are you expecting a recession this year?” he demurred.Reuters contributed reporting Continue reading...

Politics

23 h. ago Trump refuses to rule out recession or clarify tariffs policy in Fox interview: Live

President’s comments follow turbulent week on Wall Street over tariff uncertainty

Politics

3 d. ago US unemployment rate rises to 4.1% as economy added 151,000 new jobs in February – business live

Rolling coverage of the latest economic and financial news, including February’s US jobs reportUS job market grows amid threats of mass federal layoffs and Trump tariffsThis has also been a rough week for the oil price.Brent crude, the international benchmark, has dropped by 4% so far this week to just over $70 per barrel.Trump paused tariffs and the market sold off. The old adage that the market hates uncertainty rings true. How the heck are you supposed to make investments or plan?The Nasdaq ended the session down 2.6%, while the S&P 500 finished 1.78% lower. Both are headed for weekly losses of around the 4% mark. Continue reading...

Society

3 d. ago Euro on track for best week in 16 years as trade war fears hurt US dollar – business live

Rolling coverage of the latest economic and financial newsChina’s foreign minister condemns US imposition of tariffs as ‘two-faced’This has also been a rough week for the oil price.Brent crude, the international benchmark, has dropped by 4% so far this week to just over $70 per barrel.Trump paused tariffs and the market sold off. The old adage that the market hates uncertainty rings true. How the heck are you supposed to make investments or plan?The Nasdaq ended the session down 2.6%, while the S&P 500 finished 1.78% lower. Both are headed for weekly losses of around the 4% mark. Continue reading...

Events

5 d. ago Trump slams ‘Governor Trudeau of Canada’ in escalating tariff trade war that caused market plunge: Live

President’s trade aggressions cause further unease after he suspends American aid for Ukraine

Politics

6 d. ago Major US retailers warn Americans will pay more because of Trump’s trade war with top partners, report says – live

CEOs of Best Buy and Target say shoppers are likely to see rising prices, CNBC reports, after Trump tariffs hit Canada, Mexico and ChinaChina and Canada retaliate after Trump trade tariffs take effectDonald Trump has threatened to cut off funding to universities that allow “illegal protests”, and expel or deport students involved.Writing on Truth Social, the president said:All Federal Funding will STOP for any College, School, or University that allows illegal protests. Agitators will be imprisoned/or permanently sent back to the country from which they came. American students will be permanently expelled or, depending on on the crime, arrested. NO MASKS! Thank you for your attention to this matter.This is absurdly dishonest.I don’t even mention the UK or France in the clip, both of whom have fought bravely alongside the US over the last 20 years, and beyond.But let’s be direct: there are many countries who are volunteering (privately or publicly) support who have neither the battle...

Events