Tariffs are posing major headwinds for the U.S. and global economies, leading the International Monetary Fund to slash its 2025 growth forecast. President Donald Trump’s April 2 rollout of “reciprocal” tariffs has not only shaken stocks – the S&P 500 is down 9% since the levies were launched – but they also have set off…
British Steel says it will end a consultation on up to 2,700 redundancies without action, after the government took control of the firm earlier this month. In March, the Chinese company Jingye, which bought British Steel in 2020, proposed to close Scunthorpe’s two blast furnaces. It launched a consultation that it said could affect between…
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of…
The NASCAR Cup Series heads to Talladega this weekend for the Jack Link’s 500 and fans can watch all the exciting action on FOX. When it comes to the odds, bettors can also dive into that action and place wagers on which driver they think has what it takes to win outright. The last Cup…
European Central Bank President Christine Lagarde on Tuesday said she hoped that U.S. President Donald Trump would not fire Federal Reserve Chair Jerome Powell. Asked by CNBC’s Sara Eisen if that scenario was a current material risk to markets, Lagarde said: “I certainly hope not … I hope that it is not a risk.” Speaking…
Bitcoin reclaimed the $90,000 level for the first time since March as investors jumped into the crypto for a second day amid turbulence in the stock market. The price of bitcoin was last higher by more than 3% at $90,282.00, according to Coin Metrics, its highest level since March 7. On Monday, it rose another…
Marks & Spencer has apologised to customers after a “cyber incident” affected contactless payments and the pick up of online orders in it stores in recent days. The retailer told shoppers that delays to click and collect orders currently continued but it was “working hard to resolve” the issue. It told customers and staff they…
The 2025 NFL Draft week is here! Check out the complete list of NFL Draft picks for the reigning Super Bowl champion Philadelphia Eagles below: How many picks do the Philadelphia Eagles have in the 2025 NFL Draft? The Philadelphia Eagles have eight draft picks in the 2025 NFL Draft. Check out each pick in…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 21, 2025. Brendan McDermid | Reuters The yield on the 10-year U.S. Treasury slipped on Tuesday as investor sentiment remained under pressure from stalled developments in global trade. The benchmark 10-year Treasury yield was 3 basis points…
Gold prices rebounded on Tuesday from a near four-week low reached in the previous session, as heightened concerns over the global trade war between the United States and its key trading partners lifted investor appetite for safe-haven assets. Chris Ratcliffe | Bloomberg | Getty Images Gold prices rallied on Tuesday, hitting a record as President…
