15 h. ago Trump’s tariffs would cause higher prices and less choice on UK supermarket shelves, supply chain expert warns

It came amid warnings that the tariffs could tip the UK’s fragile economy into a recession

Events

16 h. ago Bitcoin price tumbles as Trump tariff threats push investors to safe havens

European currencies also rose against the dollar after Trump announced sweeping import tariffs

Economics

6 d. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

6 d. ago Oil prices jump as new Trump tariff threats placed on Iran trade partners

Trump has repeatedly used tariffs as a threat over the past year to nations doing business with the US

Politics

1 week ago Trump’s Venezuela strike won’t distract voters from the crises at home | Steven Greenhouse

As Americans worry about healthcare and affordability, the ‘no more wars’ president is helping oil companies insteadImmediately after Donald Trump ordered a military strike in Venezuela, many critics focused on how that attack violated international law as well as the US War Powers Resolution. But there hasn’t been nearly enough focus on the domestic implications of Trump’s move.Trump seems to have ordered his Venezuela venture in part to flip the script away from domestic matters, where things aren’t going well for him. His approval ratings are under water, and he’s getting low marks on the economy, health policy (just 30% approval), inflation (31% approval on the cost of living), his immigration crackdown (41% approval) and his sending the national guard into US cities. Then there’s the big thumbs down that Americans are giving to his tariffs, which have helped push up prices even though candidate Trump promised to lower prices on day one.Steven Greenhouse is a journalist and auth...

Politics

3 w. ago Consumer confidence slides in December to lowest level since US tariffs rolled out in April

U.S. consumers were less confident in the economy in December as Americans remain anxious about still-high prices and the impact of President Donald Trump’s sweeping tariffs

Politics