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The recent array of tariffs the Trump administration has announced have the potential to trigger a recession by summer 2025, according to a new report from Apollo Global Management. Based on Apollo’s potential sequence of events, shipping containers from China to the U.S. slowed down after President Trump’s Liberation Day tariff address this month. Allowing … Read more
The Bank of England is focused on the potential U.K. growth shock from U.S. tariffs if there is a slowdown in global trade, the central bank’s governor Andrew Bailey said Thursday. “We’re certainly quite focused on the growth shock,” Bailey told CNBC’s Sara Eisen in an interview at the IMF-World Bank Spring Meetings. Going into … Read more
Anjan Roy was studying with friends at Missouri State University when he got an email that turned his world upside down. His legal status as an international student had been terminated, and he was suddenly at risk for deportation. “I was in literal shock, like, what the hell is this?” said Roy, a graduate student in computer … Read more
If President Donald Trump’s tariffs jack up US consumer prices — as pretty much everyone thinks they will, at least for a while — then that’s already bad news for inflation-fighters at the Federal Reserve. It could also open the door to something even worse. What businesses and workers anticipate will happen to prices, economists … Read more
From the moment President Donald Trump unveiled his sweeping tariffs Wednesday through the ensuing market mayhem the following day, Treasury Secretary Scott Bessent’s phone lit up with text messages from executives tied to his former industry. Multiple hedge fund managers and finance executives reached out, seeking his help in swaying Trump on the levies, according … Read more
After Donald Trump announced his Liberation Day tariffs, Bitcoin and most altcoins outperformed stocks. Bitcoin (BTC) remained between $80,000 and $90,000, while Ethereum (ETH) was stuck slightly below $2,000. The total market cap of all cryptocurrencies dropped from $2.7 trillion to $2.6 trillion. Meanwhile, the stock market had its worst week since 2020. The blue-chip … Read more
Key Takeaways The SEC acknowledged Fidelity’s application for a spot Solana ETF to trade on Cboe BZX Exchange. SOL dropped 12% amid broader market turmoil sparked by Trump’s global tariff announcement. Share this article The US Securities and Exchange Commission acknowledged Fidelity’s application for a spot Solana ETF today, which would trade on Cboe BZX … Read more
Three weeks ago, Wayne Griffiths was greedily looking forward to the June opening of Cupra’s flagship presence in the U.K. The father of the Spanish performance-car brand that styles itself as a rebel didn’t choose London but Manchester, the world’s first industrial city, where the CEO of Cupra and the broader SEAT group also grew … Read more
HONOLULU (AP) — An unprecedented proposal from Maui’s mayor to phase out vacation rentals would alleviate a severe housing shortage aggravated by the 2023 wildfires but would also shrink the economy, University of Hawaii economists said in a report published Monday. Mayor Richard Bissen introduced the policy idea last year to boost Maui’s limited supply of long-term housing after the fires wiped out more than … Read more
Prince Harry said he was “in shock” on Tuesday, March 25, as he resigned as patron of Sentebale, the charity he created in 2006. Harry, 40, and cofounder Prince Seeiso of Lesotho said Tuesday that they had stepped down from the charity in solidarity with several trustees, who also announced their exits Tuesday amid tensions … Read more
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