Businesses dealing with the early stages of President Donald Trump's tariffs are looking for ways to pass increasing costs onto consumers, according to a Federal Reserve report Wednesday.As Trump ordered against-the-board levies on U.S. imports and higher duties on Chinese products, the Fed's Beige Book indicated how they plan to...
Category: Economy
Trump’s approval rating on the economy drops to lowest of his presidential career, CNBC Survey finds
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey.The survey found that the boost in economic optimism that accompanied Trump's reelection has disappeared, with more...
China targets U.S. services and other areas as it decries ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty ImagesChina last week announced it was done retaliating against U.S. President Donald Trump's tariffs, saying any further increases by the U.S. would be a "joke," and Beijing would "ignore" them.Instead of continuing to focus on tariffing goods, however, China has chosen to resort...
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty ImagesBlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn."Most CEOs I talk to would say...
Goldman Sachs sees Trump tariffs spiking inflation, stunting growth and raising recession risks
U.S. President Donald Trump announces that his administration has reached a deal with elite law firm Skadden, Arps, Slate, Meagher & Flom during a swearing-in ceremony in the Oval Office at the White House on March 28, 2025 in Washington, DC. Andrew Harnik | Getty ImagesWith decision day looming this week...