Trucks line up at the container terminal in the Longtan Port area of Nanjing Port, Jiangsu province, China on the evening of April 8, 2025. Cfoto | Future Publishing | Getty ImagesBEIJING — Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S.In less than a week, U.S. tariffs on goods from China have more than doubled, while Beijing has hit back with more duties and restrictions on U.S. businesses.Citi analysts cut their forecast for China’s gross domestic product to 4.2% this year, down by 0.5 percentage point,…
Author: user
One of the biggest outstanding items on entertainment giant Paramount’s (PARA) to-do list is “fend off a lawsuit from an angry sitting President.” But Paramount got one step closer to that today, having selected a mediator in the case. The news was not welcome to shareholders, however, and Paramount shares slid into a better than 2% loss in the closing minutes of Tuesday’s trading. The lawsuit in question features President Trump seeking a whopping $20 billion in damages from CBS, which basically means from Paramount. Most of it stems back to how the news show 60 Minutes modified and edited…
(Bloomberg) — Nouriel Roubini has a new word of caution for Wall Street: Traders should temper their bets that the Federal Reserve will ramp up interest-rate cuts to mitigate the effects of President Donald Trump’s trade conflict. Most Read from Bloomberg This time around, the economist — who rose to prominence for correctly predicting the 2008 financial crisis — expects the US economy will skirt a recession while the Fed holds rates steady for the rest of the year after the tariff-related policy battles de-escalate. Following a three-day $5 trillion stock selloff on fears that punitive tariffs will fuel a…
To stay up to date with our ongoing coverage of the next surface transportation reauthorization bill, bookmark our Reauthorization page.Federal lawmakers have begun the process of passing our nation’s most important transportation bill — and advocates need to buckle up now for the long haul to make their voices heard.As of last week, both branches of Congress have held hearings about the next surface transportation reauthorization, which is a wonky name for a colossally important process: passing the next bill that will extend or create the vast majority of our federal transportation programs at ground level. That same bill will…
People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits.Isaac Lawrence | AFP | Getty ImagesAsia-Pacific markets fell on Wednesday as investors brace themselves for U.S. President Donald Trump’s country-specific tariffs that are set to come into effect midnight stateside.Australia’s S&P/ASX 200 slid 1.06%.Japan’s Nikkei 225 lost 3.14% at the open, while the Topix traded 3.26% lower. South Korea’s Kospi edged 0.18% lower…
By Cynthia Kim SEOUL (Reuters) – South Korea’s central bank may be forced to bring forward or deepen interest rate cuts this year as Asia’s fourth-largest economy grapples with the risk of recession due to the escalating U.S. trade war. Until recently, the Bank of Korea was expected to make two quarter-point cuts in the benchmark interest rate for the remainder of the year – one in the second quarter and another in the third. The global market meltdown and drastic changes to the outlook brought on by tariffs now mean the bank’s next cut could come as soon as…
Washington, DC – March 12 : President Donald J Trump meets with Ireland’s Prime Minister Michael Martin in the Oval Office at the White House on Wednesday, March 12, 2025 in Washington, DC. Jabin Botsford | The Washington Post | Getty ImagesStock futures fell on Tuesday, as investors braced for the rollout of President Donald Trump’s tariffs set to take effect shortly after midnight Wednesday. The S&P 500 was inches away from a bear market, under pressure in recent days from the worst selling since the outbreak of the pandemic in 2020.Futures tied to the Dow Jones Industrial Average dropped 396 points,…
More young adults are investing in the stock market during this period of extreme volatility, underscoring the need for a basic understanding of personal finance. Many studies show a strong correlation between financial literacy and financial success. Now 27 states require public high school students to take a personal finance course before graduating. There’s a new generation of young investors on the scene just as a financial contagion is spreading. “It’s very easy to see what’s happening in the market and say, ‘I got to get out,'” said Tim Ranzetta, co-founder and CEO of Next Gen Personal Finance, a nonprofit focused on…
In response to the tariff war initiated by U.S. President Donald Trump, China quickly implemented countermeasures by imposing a 34% tariff on U.S.-origin Source link
President Donald Trump’s tariffs are likely to spur inflation before they slow growth, keeping the Federal Reserve on the sidelines for the rest of 2025, according to Morgan Stanley’s updated forecast Tuesday. With Trump’s reciprocal tariffs against dozens of U.S. trading partners due to hit Wednesday, the Wall Street investment bank sees gross domestic product growth coming to a near standstill and core inflation ending the year well above the central bank’s 2% target. That means, absent a recession, the Fed likely will continue its holding pattern on interest rates, Morgan Stanley said. “Since tariffs firm inflation now and weaken…