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Fed Chair Powell says he expects Trump's tariffs will hike inflation and slow growth
Tom Williams/CQ-Roll Call, Inc via Getty Images(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key indicators "stil...
9h ago
US hiring surged in March, defying recession fears
(SimpleImages/Getty Images)(NEW YORK) -- U.S. hiring surged in March, blowing past economists' expectations and defying concern on Wall Street about a possible economic recession, government data on Friday showed.The fresh data offered news of an upsur...
14h ago
Dow closes down 2,200 points, Nasdaq enters bear market amid tariff fallout
(lvcandy/Getty Images)(NEW YORK) -- U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump's "Liberation Day" tariffs.The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, whi...
15h ago
Kentucky Bourbon industry caught in middle of global tariff war
Bryan Woolston/Getty Images(NEW YORK) -- The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump's trade war against both global regions.More than 90% of the...
Apr 03, 2025