The consumer price index fell a seasonally adjusted 0.1% in March, putting the 12-month inflation rate at 2.4%, down from 2.8% in February.
Inflation rate eases to 2.4% in March, lower than expected
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European Union to put countermeasures to U.S. tariffs on hold for 90 days
EU members had voted in favor of the package on Wednesday in response to U.S. tariffs on steel and aluminum.
European Union to put countermeasures to U.S. tariffs on hold for 90 days
EU members had voted in favor of the package on Wednesday in response to U.S. tariffs on steel and aluminum.
Tanking oil prices could more than double Saudi Arabia’s deficit to $75 billion and threaten spending plans: Goldman Sachs economist
Saudi Arabia needs oil at more than $90 a barrel to balance its budget. Goldman Sachs this week lowered its Brent crude price forecast for 2025 to $62 a barrel.
Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate
Goldman Sachs on Thursday became the latest investment firm to trim its China growth forecast on escalating trade tensions with the U.S.
Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate
Goldman Sachs on Thursday became the latest investment firm to trim its China growth forecast on escalating trade tensions with the U.S.
Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate
Goldman Sachs on Thursday became the latest investment firm to trim its China growth forecast on escalating trade tensions with the U.S.
Luxury firms face tariff hit as recession fears mount
Europe’s beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector.
Bill Ackman praises Trump’s tariff pause: ‘Thank you on behalf of all Americans’
“Thank you on behalf of all Americans,” Ackman wrote in a post on social media platform X. Shortly after, he added, “[Treasury Secretary Scott Bessent] rocks!”