Bessent: China tariff retaliation 'a loser for them'
Treasury Secretary Scott Bescent said China's retaliation on Wednesday for the president's trade measures proved to be a poor choice. “They have the most disproportionate economy in modern world history, and you can tell you that this escalation is a loser to them.”Morning with Maria. ” “They have very clever economists, scholars, technocrats in bureaucracy. […]
Almost 3 in 4 expect higher prices after Trump tariffs take effect: Survey
The majority of Americans said in a new survey they are hoping for a higher price for President Trump, the global tariff president that came into full force on Wednesday. In a three-day opinion poll conducted by Reuters/Ipsos Last weekend, 73% of Americans said prices will rise over the next six months for “items you […]
18 percent rate economy as 'excellent' or 'good': Poll
A survey released Sunday found that 18 percent of Americans are giving positive ratings to the current state of the economy. in NBC News Vote1% of respondents said they rate the economy's current state as “excellent”, while 17% said they rate the economy as “good.” Meanwhile, 43% say the economy is “poor” and 39% say […]
56 percent disapprove of Trump handling of economy: Survey
More than half of respondents in a recent survey said they disapproved of President Trump's ander obstacles to the economy. CNN polls, Released on Wednesday56% of respondents disapproved of how Trump handled the economy since Trump took office, 44% said he has approved, and 1% said he has no opinion on the issue. The results […]
Lutnick says Trump tariffs 'worth it' even if they lead to recession
Commerce Secretary Howard Lutnick said Tuesday that President Trump's tariff policies are worth it, even if the economy plunges into a recession. In an interview aired Tuesday, CBS News' Nancy Cordes asked Lutonic whether tariffs “when it leads to a recession, if it leads to a short-term recession, is it worth it?” Lutnick replied: “These […]
Lutnick defends Trump tariffs: ‘This is the way you run the country’
Commerce Sec. Howard Lutnick defended President Trump's tariff approach, saying on Sunday the president will focus on stopping fentanyl from entering the country and will actively engage with the target nation to find a common position. “This is how you run your country,” Lutnick said on “Meet the Press” with Kristen Welker of NBC News. […]
North Korean hackers behind $1.5 billion crypto hack: Security firm
North Korean hackers were behind a sophisticated hack that stole around $1.5 billion worth of digital currency from BYBit, the major cryptocurrency exchange. Security Company TRM. “TRM has determined that the Bybit Hack was made by a North Korean hacker,” the company's statement read Friday. “This assessment is based on the substantial overlap observed between […]
Just 2 in 10 confident Trump can lower costs in first year: Survey
One survey found that only about 2 in 10 Americans say they are confident that President-elect Trump will be able to cut costs in his first year in office. new research From The Associated Press-NORC Center for Public Affairs Research. In a poll released Thursday, 21% of adults said they were “very/extremely” confident in President […]
Yellen on 'soft landing' prediction: 'I believe that’s exactly what we’re seeing in the economy'
Treasury Secretary Janet Yellen said on Thursday she believes the U.S. economy is on the verge of a “soft landing,” as she predicted two years ago when inflation spiked in the wake of the pandemic. “There was a lot of anxiety about the economy and about the Biden administration's management of the economy,” journalist Ron […]
Oil prices jump as tensions in Middle East spike
Oil prices rose on Wednesday as an Israeli air strike appeared to kill a Hamas leader inside Iran, raising fears of a new conflict in the Middle East. West Texas Crude Oil Prices soared Prices rose more than $3 a barrel on Wednesday to about $78, up more than 4 percent. Hamas leader Ismail Haniyeh […]