economic uncertainty

4 months ago

Retirees Anxious as Trump’s Tariffs Hit 401(k)s and Savings

Market Turmoil Leaves Retirees Concerned About Financial Future Americans nearing retirement and recent retirees are expressing increasing anxiety and frustration as the stock market reels from U.S. President Donald Trump’s escalating tariffs.

u.s.-west-coast-shipments-to-plunge-due-to-trump's-tariffs

World

4 months ago

U.S. West Coast Shipments to Plunge Due to Trump’s Tariffs

Shipments from China to the West Coast of the U.S. are set to plummet next week, as President Donald Trump’s tariffs prompt companies to reduce their import orders. Gene Seroka, executive director

wall-street-rallies-as-earnings-season-hits-full-stride

Markets

4 months ago

Wall Street Rallies as Earnings Season Hits Full Stride

Wall Street closed higher on Friday, marking a strong finish to the week, with investors digesting earnings reports and looking for signs of easing tensions in the U.S.-China trade dispute. The S&P

Retail Sales Slip as Tariff Impacts Cloud Outlook

Consumer Spending Weakens After March Surge U.S. retail sales fell 0.9% in May, marking the steepest monthly drop since January and signaling a slowdown in consumer activity. The decline was largely driven

2 months ago

Economy

U.S. Treasurys Weaken as OECD Cuts Growth Outlook

U.S. Treasury yields pared back earlier gains on Tuesday as investors weighed the U.S. economic growth outlook, following a reduction in estimates by the Organization for Economic Co-operation and Development (OECD). Meanwhile,

2 months ago

Economy

Costco Exceeds Expectations Despite Tariff Concerns

Costco reported impressive fiscal third-quarter results on Thursday, surpassing Wall Street’s expectations with an 8% rise in sales. The warehouse club retailer posted earnings per share of $4.28, beating the expected $4.24,

3 months ago

Business

TD Bank Announces 2% Workforce Layoff to Cut Costs

TD Bank (TD.TO) revealed Thursday that it will lay off 2% of its workforce, equating to approximately 2,000 employees, as part of a broader restructuring effort. This move aims to reduce costs

3 months ago

Business

Jamie Dimon Warns Recession Possible Despite Tariff Rollback

Wall Street titan Jamie Dimon expressed caution Thursday about the state of the U.S. economy, stating that a recession remains a serious possibility despite the recent rollback of tariffs on China. In

3 months ago

Economy

Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns

Super Micro Computer (SMCI) saw its stock drop nearly 6% midday Wednesday after the company revised its full-year revenue guidance for 2025, citing the ongoing economic uncertainty exacerbated by President Trump’s global

3 months ago

Business

Airbnb Reports Q1 Earnings, Lowers Q2 Revenue Outlook

Airbnb Reports Mixed First-Quarter Earnings Airbnb’s first-quarter earnings were mostly in line with expectations, but the company issued a disappointing revenue forecast for the upcoming period, causing shares to decline more than

3 months ago

Business

Rising Tariffs Hit U.S. Shoppers on Temu and Shein

Consumers are feeling the pinch as U.S. tariffs imposed by President Donald Trump on Chinese goods are pushing up prices on popular e-commerce platforms like Temu and Shein. Rena Scott, a retired

4 months ago

Business

Adidas Warns of Price Hikes Due to U.S. Tariffs

Sportswear giant Adidas announced on Tuesday that U.S. President Donald Trump’s tariffs would result in cost hikes for all its U.S. products. The company noted that while it does not yet know

4 months ago

Business

Canadian Retail Sales Drop in February

Canadian retail sales experienced a 0.4% decline in February compared to January, totaling C$69.33 billion ($49.95 billion), according to Statistics Canada. The decrease was largely driven by lower sales at motor vehicle

4 months ago

Economy

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economic uncertainty

Retirees Anxious as Trump’s Tariffs Hit 401(k)s and Savings

U.S. West Coast Shipments to Plunge Due to Trump’s Tariffs

Wall Street Rallies as Earnings Season Hits Full Stride

Retail Sales Slip as Tariff Impacts Cloud Outlook

U.S. Treasurys Weaken as OECD Cuts Growth Outlook

Costco Exceeds Expectations Despite Tariff Concerns

TD Bank Announces 2% Workforce Layoff to Cut Costs

Jamie Dimon Warns Recession Possible Despite Tariff Rollback

Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns

Airbnb Reports Q1 Earnings, Lowers Q2 Revenue Outlook

Rising Tariffs Hit U.S. Shoppers on Temu and Shein

Adidas Warns of Price Hikes Due to U.S. Tariffs

Canadian Retail Sales Drop in February

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