President Donald Trump’s 90-day tariff pause is of cold comfort to some U.S. businesses. As Reuters reported Saturday, businesses ranging from toy stores to lip balm makers to concert halls are all feeling the effect of the levies, whether it means increased service costs or...
You’d have to go back to the last few seismic shocks to the U.S. economy — the pandemic and the Great Recession — to find this level of economic gloom among consumers. As measured by the preliminary April reading of consumer sentiment released Friday (April...
Small businesses are reportedly likely to suffer the biggest impact from new U.S. tariffs. Small and medium-sized businesses (SMBs), which account for one-third of imports to the U.S., don’t have the resources of larger companies to deal with higher prices and other disruptions, The Wall...
U.S. farmers are reportedly concerned about the current trade war with China, as that country buys about half of U.S. exports of soybeans. A drop in demand for that commodity — which amounted to nearly $25 billion in sales by U.S. farmers to customers around...
Businesses around the world are likely to put off decisions about things like placing orders and hiring employees until the second half, when they hope to have more clarity on U.S. tariffs, the head of the International Chamber of Commerce told The Wall Street Journal...
The number of Americans filing initial claims for unemployment insurance rose by 4,000 during the week ended Saturday (April 5), the Department of Labor said in a Thursday (April 10) press release. The number of jobless claims rose to 223,000, up from the previous week’s...
The March Consumer Price Index may wind up being a snapshot for wistful consumers — a look back at what was, before tariffs took root and roiled global trade, and inflation re-ignited. The headline inflation rate notched its lowest level in four years. However, the...
Hate to say you read it here first, but here’s a prescient quote left on the cutting room floor from PYMNTS CEO Karen Webster’s interview with QED Investors partner Amias Gerety just two days ago: “Because this is a self-inflicted economic wound, we get an...
Goldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs. This happened Wednesday (April 9) and reflected the challenges analysts...