Confused about Trump’s tariff war? There’s a good reason for that
CNN
It’s been a wild few days for the US economy.
It’s been a wild few days for the US economy. President Donald Trump’s jabs at Federal Reserve Chair Jerome Powell are affecting markets. Investors are ringing alarm bells with the assets they’re buying and mostly selling – and suddenly making comparisons to the Great Depression. And everyone from the International Monetary Fund to Trump’s billionaire friends are issuing stark warnings about his massive tariffs. Here’s what you might have missed this week. Presidential relationships can change, but Trump has taken that to an extreme. After calling the Fed chair (whom he appointed in 2018) “a major loser” whose “termination cannot come soon enough last week, Trump seemed to soften up on Tuesday. He said he had “no intention” of firing Powell after advisers warned that terminating the central bank chief would backfire legally and economically, sources familiar with the matter told CNN. But the president’s outlook soured by Wednesday.
The lawsuit, set to be filed in federal court in Washington, DC, names the Defense Department, Defense Secretary Pete Hegseth and the chief Pentagon spokesman, Sean Parnell, as defendants.
The “CBS Evening News” needs a new anchor — and soon.
President Donald Trump is pushing for an extension of soon-to-expire enhanced Obamacare subsidies – a key Democratic demand that Republicans fought fiercely and that was the basis for the longest-ever government shutdown.
The biggest event in New Zealand Thursday may have been the opening of a furniture store.
Even if you believe you haven’t yet been directly impacted by climate change, your wallet will feel its effects soon, according to a new study.
Small businesses are “starting to crack” amid a weakening economy, rising inflation and fickle consumers; and they drove job losses in the US private sector in November, new data showed Wednesday.
Prepare for automotive sticker shock next year – again.
Constellation Brands, the US owner of Modelo Especial and Corona, bet big on Latino customers for growth. But that strategy is unraveling under the Trump administration’s mass deportation push.
The European Union agreed Wednesday to phase out Russian natural gas imports by late 2027 as part of an effort to end the bloc’s decade-long dependency on Russian energy.
US wireless carrier AT&T said in a letter to the US telecoms regulator that it had committed to ending diversity, equity and inclusion programs, a move that comes as it seeks approval from the Trump administration to buy wireless spectrum assets.
Larry Summers has been banned for life from the American Economic Association, a professional organization for economists, with more than 17,000 members, over his ties to the late sex offender Jeffrey Epstein.
The US labor market has weakened over the course of the year as hiring has stalled across many industries. The national unemployment rate has ratcheted higher in the process, hitting 4.4% in September.
Michael and Susan Dell are donating $6.25 billion to fund investment accounts for at least 25 million American children.