Business
As Fed Holds Rates Steady, Powell Says Next Step Is ‘Not at All Clear’
The Federal Reserve left interest rates unchanged on Wednesday for a third meeting in a row, as officials pointed to heightened…
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United States Economy
Business
Are We Headed for Recession? Economists Look Everywhere for Signs.
Americans are spending less at McDonald’s. Fewer container ships are expected at the Port of Los Angeles. Procter & Gamble is raising…
Politics
U.S. and China to Hold First Trade Talks Since Trump’s Tariffs
Top officials from the Trump administration will meet with their Chinese counterparts in Switzerland this week, the first formal meeting…
Business
Scott Bessent Urges Investors to Bet on Trump’s Economic Plan
Treasury Secretary Scott Bessent urged skittish global business leaders on Monday to ignore President Trump’s economic naysayers and ramp…
Business
The Fed Isn’t Likely to Cut Rates Proactively Despite Economic Concerns. Here’s Why.
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market…
Business
A Tidal Wave of Change Is Headed for the U.S. Economy
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products…
Business
Solid Jobs Report Reinforces Fed’s Patient Approach to Interest Rate Cuts
A solid labor market has for months given the Federal Reserve comfort that it could hold off on interest rate cuts until it had more…
News
Exxon and Chevron Report Lower Profits While Girding for Tariffs
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout…
Business
After weeks of volatile trading, Friday’s report could set the tone on Wall Street.
May 2, 2025, 6:01 a.m. ET Traders at the New York Stock Exchange on Thursday.Credit...Richard Drew/Associated Press Investors will be…
Business
U.S. Dollar Falls. The Euro Could Step Up as Reserve Currency
The U.S. dollar has fallen about 9 percent in the past three months, according to an index that tracks its performance against a basket of…
Business
Under Trump, Stocks Have the Worst Start to a Presidential Term Since 1974
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty three days of losses. More than $6.5…
Politics
Trump’s Cuts to Science Funding Could Hurt U.S. Economy, Study Shows
Cutting federal funding for scientific research could cause long-run economic damage equivalent to a major recession, according to a new…
Business
UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
UPS said on Tuesday that it would cut 20,000 jobs this year as part of a long-term plan to reduce costs and bolster profit. The cuts come…
Politics
West Coast Ports Brace for China Tariffs to Dent Import Volume Within Days
Census Bureau data released on Tuesday showed a surge in U.S. imports starting last fall, from $268 billion at the end of October to $343…
Politics
Trump to Sign Executive Order Walking Back Some Auto Tariffs
President Trump signed an executive order on Tuesday that will walk back some tariffs for carmakers, administration officials said,…
Politics
How Trump May Unintentionally Cut Carbon Emissions
President Trump has expressed little interest in fighting climate change. One of his key cabinet officials has even sought to evaluate…
News
New Data Provide a Pre-Tariff Snapshot of a Stable but Slowing Labor Market
The labor market remained sound in March, with job openings declining but layoffs remaining near record lows, while rates of new hiring…
Politics
Trump’s 100-Day Economic Report Card
Trump’s tumultuous start When President Trump took office in January for his second term, business leaders anticipated an administration…
Politics
G.M. Withdraws Profit Forecast as Trump Tariffs Take a Toll
General Motors is abandoning a previous forecast for solid profit growth this year as a result of the uncertainty created by President…
Politics
Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs
The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car…
Politics
Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies…
Politics
Trump Budget to Take Ax to ‘Radical’ Safety Net Programs
The Trump administration, which has made clear that it aims to slash government spending, is preparing to unveil a budget proposal as soon…
Business
Pepsico Cuts Growth Forecast Amid Tariffs and Slowed Consumer Spending
Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for…
Business
Nvidia and Other Chip Giants Are Caught in Trade War Crossfire
Nvidia and others are the latest casualties of escalating tensions between Washington and Beijing, as analysts press business leaders…