Shares in the US stemmed their losses on Monday, as investors clung to hopes that US President Donald Trump would turn from tariffs to trade deals. The S&P 500, which tracks 500 of the biggest companies in the US, ended the day down about 0.2%, after a wild day of trading that saw shares gyrating…
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder letter, which has become…
U.S. President Donald Trump gestures as he delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., U.S., April 2, 2025. Carlos Barria | Reuters Psychologist Carl Jung believed in the “collective unconscious,” a universal mind all humanity is tapped into. In the context of the financial world, the stock…
LONDON — Some investors are expressing a growing optimism about the U.K.’s economic outlook despite the country’s long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United States. That upbeat tone wasn’t reflected in the messaging of the Bank of England, as it held interest rates steady last…
A Southwest Airlines Boeing 737 MAX is pushed back from the gate at San Diego International Airport in San Diego, Aug. 24, 2024. Kevin Carter | Getty Images Southwest Airlines announced Tuesday what was once unthinkable: It will start charging customers to check their luggage. It’s a $300 million gamble. Last year, Southwest said its…
US President Donald Trump has refused to say whether the US economy is facing a recession or price rises in the wake of his administration’s flip-flopping on tariff threats against some of its closest trading partners. Asked if he was expecting a recession this year, Trump said there was a “period of transition” taking place….
U.S. Treasury Secretary Scott Bessent attends at an Economic Club of New York event in New York City, U.S., March 6, 2025. Jeenah Moon | Reuters Treasury Secretary Scott Bessent on Friday acknowledged some signs of weakness in the U.S. economy. “Could we be seeing that this economy that we inherited starting to roll a…
Europe’s struggling economy has economists worried — and senior European Central Bank policymaker Mário Centeno, echoes that view. “I am very concerned about the European economy,” Centeno, who is also governor of the Bank of Portugal, told CNBC’s “Squawk Box Europe” on Friday. On Thursday, the ECB revised its gross domestic product expectations for the…
Nadine Yousif and James FitzGerald BBC News, Toronto and London Watch: ‘A dumb thing to do’ – Moments from Trudeau’s speech slamming US tariffs Prime Minister Justin Trudeau has slammed Donald Trump’s sweeping tariffs on Canada, calling it a “very dumb thing to do” and vowed to conduct a “relentless fight” to protect its economy….
As the clean energy economy expands, finding the minerals and metals that power it becomes increasingly critical. The answer might lie with artificial intelligence. Electric cars, solar panels and hydrogen fuel cells all have one thing in common: the need for precious metals. Historically, that’s required going through the arduous process of finding the metals…
