A leading international policy group warns that global economic growth is set to slow to just 2.9% due to Donald Trump's tariffs. The OECD has revised forecasts for both the US and UK economies, highlighting rising trade tensions and economic uncertainty.
Amid escalating trade tensions and the ongoing Russian-Ukraine conflict, global shares saw a significant drop on Monday while oil prices surged. Investors are on edge as geopolitical uncertainties loom large.
As inflation and interest rates soar, many Americans are struggling to manage their finances. With rising debt loads and increasing defaults, the economic outlook is grim for households. Discover how these factors are affecting consumers and their spending habits.
More than $14 billion in US renewable energy and EV investments are on hold, with over 10,000 jobs at risk due to fears of Congress ending clean energy tax credits. Can the clean energy boom survive?
Stock futures showed minimal movement as investors navigate a tumultuous trade environment. Major stocks like Gap and Ulta Beauty reacted to earnings reports, while tariffs add to market uncertainty. Will summer bring stability?
The announcement of price hikes by Walmart due to President Trump's tariffs has sent shockwaves through the retail industry, raising concerns about inflation and consumer confidence. Experts warn this could set off a chain reaction affecting prices nationwide.
Stock futures remain flat as Wall Street grapples with a significant sell-off driven by fears of a growing budget deficit. Key negotiations over tax and spending could further impact the market, while Treasury yields continue to rise.
Target's CEO Brian Cornell warns of potential price hikes due to tariffs, citing a challenging retail environment and declining consumer confidence. Sales dropped 2.8% last quarter, prompting concerns over future performance.
UK's annual inflation rate increased to 3.5% in April, surpassing expectations. This rise, driven by energy prices and other factors, raises questions about future interest rates and economic stability.
Asia-Pacific markets saw a significant rise on Tuesday following China's decision to cut its key lending rates to stimulate economic growth amidst ongoing trade tensions. Investors are keenly observing the developments.
