California is set to become the first state to sue President Donald Trump over his tariffs. Gov. Gavin Newsom announced Wednesday (April 16) that the state — the fifth largest economy in the world — would file suit against the president over the new levies....
When Walmart, the largest retailer in the U.S., abruptly withdrew its first-quarter operating income guidance last week, the message was unmistakable: the tariff storm is shaking the foundations of retail planning. The announcement, citing the need to maintain pricing flexibility amid newly implemented tariffs, is...
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...
Less than 24 hours after announcing sweeping tariffs, President Trump on Wednesday (April 9) gave a 90-day reprieve to most countries on the “retaliatory” tariffs that were supposed to go into effect. Only tariffs on Chinese goods remained in place after China responded with a reciprocal...
April 11, 2025
When Walmart, the largest retailer in the U.S., abruptly withdrew its first-quarter operating income guidance last week, the message was unmistakable: the tariff storm is shaking the foundations of retail planning. The announcement, citing the need to maintain pricing flexibility amid newly implemented tariffs, is emblematic of the intense pressure facing multinational retailers in a […]
April 10, 2025
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...
April 08, 2025
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...
April 08, 2025
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...
April 18, 2025
A federal judge reportedly blocked the Trump Administration’s plan to lay off 90% of the staff of the Consumer Financial Protection Bureau (CFPB) Friday (April 18) while she determines whether this plan violates her previous order. In her previous order, Judge Amy Berman Jackson said the CFPB could not conduct a reduction-in-force (RIF) until it conducted […]
April 16, 2025
California is set to become the first state to sue President Donald Trump over his tariffs. Gov. Gavin Newsom announced Wednesday (April 16) that the state — the fifth largest...
April 07, 2025
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...
March 26, 2025
The U.S. Treasury is preparing sweeping layoffs, the latest in a series of federal job cuts. That’s according to recent court documents flagged in media reports Wednesday (March 26), stemming...
