President Donald Trump comments are a sign the White House is closely monitoring market reaction to the administration’s sweeping reciprocal tariffs, which went into effect at 12:01 a.m. Wednesday.
Few sectors were spared in trading Friday, a day after U.S. companies lost $2 trillion in value.
The unemployment rate rose modestly but for what economists consider a good reason: 232,000 people entered the labor force.
The spending increase was driven by greater purchases of long-lasting goods, such as cars and appliances, which could reflect an effort by shoppers to buy things before tariffs are imposed.
A drop in business inventories shaved 0.84 percentage points off fourth-quarter GDP growth.
The Conference Board’s report Tuesday said that the measure of Americans’ short-term expectations for income, business and the job market fell 9.6 points, to 65.2.
An economic bellwether because of its broad exposure to the global economy, FedEx said its latest outlook assumes the global economic, political and trade environment doesn’t worsen any further.
U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month
The U.S. stock market promptly fell following his social media post, triggering more concerns after a brutal selloff on Monday.
The Labor Department’s Job Openings and Labor Turnover Survey showed that openings rose in real estate, health care, manufacturing and construction.
It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days.
The worry is that the whipsaw moves will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-freezing paralysis.
On Wall Street, it was a tough week with wild swings dominated by worries about the economy and uncertainty about Trump’s tariffs.
A pullback by American shoppers has led to more caution from national retailers about their sales potential in 2025.
The Trump administration’s proposed shake-up comes when economists already have broader concerns about the quality of economic data.
A grassroots organization is encouraging U.S. residents not to spend any money Friday as an act of “economic resistance.” The activist movement also plans to promote weeklong consumer boycotts of companies including Walmart and Amazon.
The report showcases an economy that continued to expand at a solid pace on the shoulders of resilient consumer spending.
U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday.
Roughly 16 million people—that’s 6 percent of American adults—are taking GLP-1 weight-loss drugs, and that number is growing rapidly. Their collective purchasing power has the potential to profoundly reshape the economy.
Consumers are jittery, in part because of fears that new tariffs could worsen inflation. Executives, however, are hopeful about fewer regulations and are planning to boost investments.
