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Tariff turmoil prompts cloudy forecasts from companies for the year ahead
NEW YORK (AP) — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a shift in U.S. policy.
China lowers minimum amount for tax refunds for tourists to boost spending
BEIJING (AP) — China announced a lower threshold for tax refunds for foreign tourists among a series of policies on Sunday to boost consumption as during a between Beijing and Washington.
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Chancellor candidate Merz's stumble casts shadow over hopes for rebooting struggling German economy
FRANKFURT, Germany (AP) — Friedrich Merz's unprecedented of voting in parliament raises doubts about the new government's ability to push Europe's largest economy out of stagnation.
US consumer sentiment slides to 3-year lows as trade war raises inflation anxiety
WASHINGTON (AP) — U.S. consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that President will worsen inflation.
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UK becomes fastest-growing G7 economy after strong first quarter
LONDON (AP) — The British economy grew at its fastest rate in a year during the first quarter of 2025, official figures showed Thursday, in a welcome boost to the Labour government, which has made lifting the country's growth its top priority.
European economist says Russia's economy is strained due to the Ukraine war and sanctions
BRUSSELS (AP) — Russia’s economy is under growing strain as its drags on and Western sanctions are undermining President Vladimir Putin’s ability to sustain his war, a leading European economist said after briefing finance ministers on Tuesday.
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Federal Reserve official sees signs of slowing economy but not ready to cut rates
WASHINGTON (AP) — A top Federal Reserve official said Friday that massive uncertainty created by President Donald Trump's tariffs has caused some businesses to cut back on hiring and spending, threatening to , but he added that it’s not yet clear whether the central bank should cut its key interest rate.
US applications for jobless benefits fall last week despite elevated uncertainty over Trump tariffs
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell last week despite heightened uncertainty about how will impact the U.S. and global economies.
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Czech central bank cuts key interest rate to 3.5% as inflation drops more than expected
PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate Wednesday , with lower-than-expected inflation.
China launches a blitz of policies to help its economy, plans talks with the US on trade
BEIJING (AP) — China has announced a barrage of measures meant to counter the blow to its economy from U.S. President ’s trade war, as the two sides prepare for
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Asian shares rise in subdued holiday trading, as US futures jump
TOKYO (AP) — Asian shares advanced Thursday, with many markets in the region closed for Labor Day holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains.
U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt business
The U.S. economy shrank at a 0.3% annual pace from January through March, first drop in three years. It was slowed by a surge in imports as companies in the United States tried to bring in foreign goods before President Donald Trump .
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Why Trump's call for the Fed to cut interest rates may not help consumers
President Donald Trump is to cut interest rates, but even if the Fed gave in to the pressure, it wouldn't necessarily lead to lower borrowing costs for consumers.
Most Americans expect higher prices as a result of Trump's tariffs, a new AP-NORC poll finds
WASHINGTON (AP) — Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering, with a new poll showing that many people fear the country is being and that the president’s broad and haphazardly enforced tariffs will cause prices to rise.
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Trump's attacks on Powell threaten the Fed's independence. Here's why it matters
WASHINGTON (AP) — Donald Trump has stepped up on Federal Reserve Chair Jerome Powell at the same time that the Supreme Court is considering a case that could make it easier for the president to fire him.
European Central Bank expected to cut rates again amid worries about Trump's tariffs
FRANKFURT, Germany (AP) — Worries about economic growth fueled by U.S. President Donald Trump's will likely push the to cut interest rates on Thursday for a seventh straight time, a move that should make credit more affordable for business and consumers and promote economic activity.
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Trump considers pausing his auto tariffs as the world economy endures whiplash
WASHINGTON (AP) — President Donald Trump on Monday suggested that he might temporarily exempt the auto industry from on the sector, to give carmakers time to adjust their supply chains.
Q&A: What has China done so far? What could China do next?
BEIJING (AP) — A reordering of global trading relationships could be underway as the world’s two largest economies clash and relations spiral into a trade war. On Friday, on U.S. goods from 84% to 125%, starting Saturday, after the U.S. pushed its tariffs on Chinese products to a total of 145%.
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Energy demand erodes in face of global economic slowdown as trade war intensifies
WASHINGTON (AP) — Oil prices slumped to a four-year low Wednesday in anticipation of slowing economic growth and reduced energy demand, both casualties of a that began after President Donald Trump ordered widespread tariffs against the imports of U.S. trading partners.
The International Monetary Fund reaches a preliminary deal with Argentina on a $20 billion bailout
BUENOS AIRES, Argentina (AP) — The International Monetary Fund on Tuesday said it has reached a preliminary, staff-level agreement with cash-strapped on a $20 billion bailout, providing as he seeks to overturn the country's old economic order.
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Federal Reserve chief says Trump tariffs likely to raise inflation and slow US economic growth
ARLINGTON, Va. (AP) — The Trump administration’s will likely lead to higher inflation and slower growth, and the Federal Reserve will focus on keeping price increases temporary, Fed Chair Jerome Powell said Friday.
Fear that Trump tariffs will spark recession slashes billions of dollars from US stock values
U.S. companies had billions of dollars in value wiped out after President Donald Trump slapped sweeping tariffs on foreign imports.
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Trump is set to announce 'reciprocal' tariffs in a risky move that could reshape the economy
WASHINGTON (AP) — After weeks of White House hype and public anxiety, President Donald Trump is set Wednesday to announce a barrage of self-described on friend and foe alike.
Asian shares are sharply lower after Wall Street tumbles
NEW YORK (AP) — Asian shares were sharply lower on Monday after another wipeout slammed Wall Street as build about a potentially of and a U.S. economy slowing because to spend due to the .
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Copper prices have soared as the US threatens tariffs on the metal and China boosts its economy
NEW YORK (AP) — Copper prices have hit record highs as an ongoing trade war between the U.S. and its key trading partners threatens to squeeze supplies of the vital metal.
Stock market today: Asian shares are mostly higher after advance on Wall Street
BANGKOK (AP) — Asian shares were mostly higher Thursday following an advance on Wall Street after the said the economy still looks healthy enough to keep interest rates where they are.
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