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IMF chief warns global economy faces lasting uncertainty
WASHINGTON (AP) — The global economy is holding up better than expected despite major shocks such as President Donald Trump‘s tariffs, but the head of the International Monetary Fund says that resilience may not last. “Buckle up,” Managing Director Kristalina Georgieva said in a speech at a think tank Wednesday. “Uncertainty is the new normal and it is here to stay.” Her [&h[...]
Gold futures rise above $4,000 per ounce for the first time
Gold futures surged past $4,000 per ounce as investors sought safe havens amid the U.S. government shutdown and global economic worries.
Fed’s Fifth District sees modest growth
The Federal Reserve’s Fifth District saw its economy grow modestly in recent weeks, according to the latest edition of the Fed’s Beige Book.
Fed’s Fifth District expands slightly amid uncertainty
The Fifth District economy saw mild growth, with mixed hiring, rising import costs, and steady consumer spending despite economic uncertainty.
Dollar General hits record $10.44B in quarterly sales
Dollar General posts $10.44B in record quarterly sales and raises outlook as consumers shift to discount retailers amid economic uncertainty.
Wall Street drifts lower as S&P 500 flirts with its first loss of the week
U.S. stocks fall as trade war uncertainty persists. Oil prices drop amid possible Iran deal. Market reacts to mixed economic and corporate signals.
Fed holds interest rate at 4.3% amid tariff and inflation uncertainty
The Fed kept rates steady at 4.3%, citing rising risks of inflation and unemployment due to Trump’s sweeping tariffs on imports from China and beyond.
Microsoft and Meta Platforms lead Wall Street higher
Microsoft and Meta beat earnings expectations, boosting Wall Street, even as fears of stagflation and economic uncertainty continue to loom.
Trump’s tariffs echo Hoover-era economic missteps
Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.
Major companies face a difficult task in estimating the impact of tariffs on their business
Top companies like Kraft Heinz, JetBlue, and GM report financial strain and outlook changes as Trump’s tariffs drive economic and consumer uncertainty.
