US economy slows sharply, shrinking 0.3% in the first quarter, as tariffs weigh
The U.S. economy contracted in the first quarter as President Donald Trump's economic agenda took effect, according to new data...
Economy
Inflation gauge favored by Fed showed price growth slowed in March
The Federal Reserve's preferred inflation gauge showed that price growth slowed in March, with inflation trending closer to the central bank's...
Goldman Sachs CEO says markets will 'settle down' after a 'reset of expectations'
Goldman Sachs CEO David Solomon said Tuesday he thinks financial markets will overcome prevailing uncertainty to settle down for an...
Small businesses need immediate tariff relief, Chamber of Commerce warns
The U.S. Chamber of Commerce warned in a new letter to the Trump administration that small businesses need automatic exclusions...
DOGE should 'definitely' look at Federal Reserve costs, Elon Musk says
Billionaire Elon Musk said Wednesday that the Department of Government Efficiency (DOGE) should look into the Federal Reserve's expenditures on its...
Chinese TikTok users mock tariffs, telling people to buy brands like Nike direct
Videos posted by Chinese TikTok users that suggest people should purchase fashion items direct from factories in China have surfaced...
China beat growth expectations in first quarter of 2025, but US tariffs dim outlook
China beat first-quarter economic growth expectations, but the outlook for the remainder of 2025 remains dim as Beijing braces for...
Hong Kong to suspend parcel shipments to US over Trump’s ‘bullying’ tariffs
Hongkong Post, Hong Kong's government department for postal services, announced Wednesday they will "not collect any so-called tariffs on behalf...
Trump's tariffs are putting consumers and businesses in a bind, tech association warns
President Donald Trump's tariffs have created uncertainty over trade policy and chilled business decisions by companies in the consumer technology industry....
China tariffs mean 'Christmas is at risk,' toy industry CEO says
A toy industry CEO is sounding the alarm about what impact tariffs on China could have on Christmas in the...
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