Trump on whether the US will face a recession: “Anything is possible”
In a recent interview, President Trump addressed concerns about a potential recession in the U.S. He noted that “anything can happen,” but expressed his belief that the nation’s economy would ultimately be “alright” in the long term. During the NBC’s “Meet the Press,” which aired in full on Sunday, he downplayed worries about the possibility […]
Chamber of Commerce asks for tariff exclusions, warns of recession
The U.S. Chamber of Commerce raised concerns about the recession on Wednesday asking the Trump administration to exempt tariffs on certain businesses and products. “This Chamber of Commerce hears every day from small business owners who see their capabilities at risk due to recent increases in tariff charges,” said Suzanne Clark, president and CEO of […]
Scott Bessent Says Growing Recession Fears Are ‘Media Driven’
Treasury Secretary Scott Bescent said Sunday that the horrors of the growing recession among the American people were largely “media-driven.” Bescent disputes recent headlines claiming the Dow Jones industrial average has been heading towards its worst in April since 1932, saying the stock market is bounced back after a massive drop at the beginning of […]
'ECONOMIC TRANSITION': Trump administration tries to calm recession fears
President Donald Trump and his administration address market volatility amid tariff wars. Subscribe to Fox News! source
Chipotle sales slump as recession fears hit burrito chain: ‘Consumers were saving money’
Chipotle Mexican Grill on Wednesday softened its annual sales growth forecast as sticky inflation and economic uncertainty reduced consumers and brought Burrito Chain stock down 3% after opening hours. The company is currently expecting annual sales growth rates in a single digit lower range compared to its pre-estimation of low single digit rise. President Trump’s […]
‘No Signs’ We Are in or Close to a Recession
When he appeared on CNBC’s “Squawk Box” on Tuesday, Chevron CEO Mike Worth downplayed the possibility of a recession. However, he admitted that he was growing slower. “Doesn’t that mean you don’t think you’re heading towards a recession in your plans at this point?” asked Becky Quick, co-host of “Squawk Box.” “There’s no indication that […]
Ray Dalio says Trump trade war has put US ‘close to a recession’
Ray Dalio, founder of one of the world’s biggest hedge funds, said on Sunday that President Trump’s trade war brought the US closer to a recession. He was asked on NBC’s Match the Press if he thought the world’s biggest economy could immerse himself in a recession. Usually understood As a meaningful reduction in output, […]
Neel Kashkari: Fast resolution with countries over tariffs will ease recession fear
Federal Reserve Bank of Minneapolis President Neil Kashkari said a swift resolution between the Trump administration and the country with tariffs would help ease the fear of the recession. Kashkari joined CBS News’ “Face the Nation” on Sunday and was asked about the possible increase in the recession after the administration slapped “mutual” tariffs of […]
Hedge fund manager tariffs could cause something ‘worse than a recession’
Kraman Countdown panelists Kenny Polkari and John Stolzfas will analyse how the market responds to major movements. Ray Dalio, manager of the billionaire hedge fund, warned in an interview on Sunday that he was worried about the economy going through something “worst than a recession” if the trade war caused a collapse of the broader […]
US may already be in recession: BlackRock CEO
BlackRock CEO Larry Fink said in a recent interview that the US may be in a recession or very close as a result of President Trump's sweeping tariffs. “Even though we don't do now, I think we're very close,” Fink said. I said this during his appearance on Friday About CNBC's “Scoke on the Street.” […]