As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a fever pitch. The once-promising but cautious outlook for the U.S. economy is now being derailed by growing recession fears, casting...
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain....
The European Union reportedly hopes to reach a deal with the U.S. to remove and prevent the country’s new tariffs, but is ready to start implementing countermeasures. The EU is set to approve one set of tariffs targeting the U.S. on April 15 and plans...
Less than a week into the new reality of tariffs, the impact to U.S. households is coming into sharper focus. The hit to the family pocketbook will be significant, estimated in a new report by the Yale Budget Lab: as much as $3,800 annually. Breaking...
JPMorgan’s CEO says America’s latest tariffs could dampen an economy that was “already weakening.” In his annual letter to shareholders, published Monday (April 7), Jamie Dimon argues that there are several uncertainties tied to the tariff policy: the effect on confidence, investments, corporate profits and the U.S....
To get a sense of just how volatile the markets are — and how fragile things will be for FinTechs looking to go public, or for those already trading — Klarna has taken its IPO off the table, three weeks after filing its paperwork with...
The latest jobs report, released Friday (April 4), may prove to be a high-water mark for hiring — reflecting March’s surge before the maelstrom of tariffs and trade wars. The trends point to a gradual cooling, but then again, that was before this week’s announcements...
Santander Executive Chair Ana Botín said Friday (April 4) that the bank sees an opportunity to help its customers manage the volatility brought on by U.S. tariffs and geopolitical uncertainty. “The recent announcements in the U.S. regarding tariffs reflect an escalation in trade tensions,” Botín...
Likely no business vertical will emerge unscathed from the latest round of tariffs imposed by the President Donald Trump administration, but the automotive industry stands to be hit the hardest. Manufacturers and dealerships are navigating a complex landscape of price adjustments, production halts and strategic...