Stock futures took a hit on Thursday as investors grappled with tariff fears and prepare for a significant earnings season. With notable declines in major indices, concerns about economic stability are growing.
Goldman Sachs forecasts three interest rate cuts this year, citing increased recession risks and tariff uncertainties linked to Trump's upcoming announcement. The firm predicts a 35% chance of recession within a year.
U.S. stock futures see a slight increase as investors navigate tariff uncertainties and await key inflation data. Major averages recently fell, with Lululemon shares taking a hit amidst a weak outlook.
Target reports a worrying decline in consumer confidence and sales, expecting only 1% growth this year. Cold weather and tariff uncertainties add to the challenges, yet investors remain optimistic.
President Trump announces plans to shake up the Kennedy Center board and reviews gun control policies. He also signs executive orders on faith office and South Africa aid. Amidst tariff confusion, Trump suggests Nippon Steel's investment. Ukraine offers mineral deal, while Guantanamo Bay facility expands. Americans fear inflation surge, as federal agencies undergo massive restructuring. FBI faces possible retribution over January 6 cases. USAID to retain fewer than 300 essential workers.
