economic uncertainty

April 8, 2025

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.

April 30, 2025

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

April 25, 2025

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

by Jamie Spencer

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

June 17, 2025

U.S. Treasurys Weaken as OECD Cuts Growth Outlook

by Jamie Spencer

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,

June 3, 2025

Costco Exceeds Expectations Despite Tariff Concerns

by Jamie Spencer

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,

May 29, 2025

TD Bank Announces 2% Workforce Layoff to Cut Costs

by Jamie Spencer

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

May 22, 2025

Jamie Dimon Warns Recession Possible Despite Tariff Rollback

by Jamie Spencer

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

May 15, 2025

Super Micro Stock Drops Amid Lowered Outlook, Tariff Concerns

by Jamie Spencer

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

May 7, 2025

Airbnb Reports Q1 Earnings, Lowers Q2 Revenue Outlook

by Jamie Spencer

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

May 2, 2025

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

by Jamie Spencer

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

April 30, 2025

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

by Jamie Spencer

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

April 29, 2025

Canadian Retail Sales Drop in February

by Jamie Spencer

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

April 25, 2025

1 2 3 4 Next

Suggestions

economic uncertainty