Small businesses seeing revenues rise, but tariff threats loom: BofA
Yardeni's research president Ed Yardeni analyzes new economic data amid the weakness of the market to make money. A new analysis by the Bank of America Institute shows that small businesses appear to be gaining financial momentum, but tariff-related policy changes could drive inflation and thereby It will be a new challenge to profitability. The […]
Popular Support Surges For Tariff Hiking GOP
Surge in Republican support for tariffs There are monsters haunting the Republican Party – the ghost of William McKinley. The Republican Party was firmly reestablished as a tariff party, marking a rapid departure from the free trade consensus that dominated its economic philosophy in the second half of the 20th century. The new poll data […]
Australian treasurer seeking tariff exemption in talks with Bessent
Australia's treasurer Jim Chalmers will continue to push for steel and aluminum tariff exemptions this week in a discussion with Treasury Secretary Scott Becent. Chalmers traveled to Washington on Sunday night for his first in-person meeting with his counterpart since Bessent took over the post, but Chalmers said, “Our established relationships are more than this […]
Dollar claws back losses on renewed tariff worries – Yahoo Finance
By Ray Wee SINGAPORE (Reuters) – After President Donald Trump said tariffs in Mexico and Canada went as planned, it fell to a low in more than two months at the beginning of the week, supported by a safe haven flow. The dollar rose on Tuesday. The stronger dollar leaves the euro at $1.0461 at […]
Canadian banks expected to build reserves to cushion tariff uncertainty – Mint
Toronto, Feb. 24 (Reuters) – Canada's Big Six Bank is expected to build more credit loss provisions to support uncertainty surrounding US tariff threats, analysts said it could weigh since first quarter revenue. Banks are already putting more money aside to cover sour loans as Canada continues to unemployed. Also known as the provisions for […]
Democrats won’t fight Trump’s tariff policies. On trade, Trump is a Democrat.
President Donald Trump recently began throwing traders' rena bullets and announced tariffsCanada, Mexico, China. And he imposes tariffsImports of steel and aluminum. But he's just starting more tariffs on such productsAutomobile imports. What can we expect from Congressional Democrats in response to Trump going to cowboys in trade? Not much based on how they responded […]
Canadians cancelling US travel en masse in face of tariff threats
The next front in Canada's trade war against the US is played out at airports, gas stations and gift shops as Canadians cancel a massive amount of American holidays. Both aviation and land travel have been affected as neighbors in the Northern US protest the impact of tariffs on the country's economy. The American Travel […]
Trump tariff threats rattle consumers
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Consumer confidence dips in Trump's first month as tariff threats drive inflation fears
According to the University of Michigan, consumer attitudes towards the economy immersed during President Trump's first month in office. Monthly Consumer Survey Released on Friday. Consumer sentiment fell nearly 10%, down from 71.7 in January to 64.7 in February. According to Monthly Research Director Joanne HSU, DIP appears to be heavily driven by consumer concerns […]
Futures flat after Thursday's fall as markets await Fed, tariff cues – Yahoo Finance
(Reuters) – U.S. stock index futures remained pretty flat on Friday after investors fell in a previous session over President Donald Trump's tariff threat and the Federal Reserve's outlook for interest rates. All three indexes fell in the final session, even after downbeat forecasts from retail giant Walmart. Walmart rose 0.4% in pre-market trading on […]