Retail executives huddled with the president amid fears that tariffs could result in higher prices. Source link
Category: Economy
Economy News
Chobani Plans to Invest Over $1 Billion in New N.Y. Factory
The company, which has branched out from Greek-style yogurt, will invest more than $1 billion in the plant in the city of Rome. Source link
Inside a Union’s Fight Against Trump’s Federal Job Cuts
Leaders of the union representing government workers say their battle is galvanizing but also alarming. “It’s insulting to say,” one said, “that we are lazy.” […]
The Business Playbook for Tariff Chaos
President Trump’s trade war is forcing companies to cut costs, raise prices, shrink profits, discontinue products and find other suppliers. Source link
Peter Navarro: The Architect of Trump’s Tariffs
Once sidelined, President Trump’s counselor Peter Navarro has returned to Washington and quickly upended the global trading system. Source link
IMF Warns Trump Tariffs Will Weaken Economy and Increase Inflation
Kristalina Georgieva, the managing director of the International Monetary Fund, warned in a speech that protectionism erodes productivity. Source link
Trump Shifted on Tariffs After Bond Holders Got Jittery. He Held Millions Himself.
As of August, the president’s investment portfolio showed significantly more in bonds than in stocks. It is unclear if his personal holdings had any bearing […]
Meloni and Trump Oval Office Meeting Cements Special Rapport
In Washington, President Trump inundated Prime Minister Giorgia Meloni of Italy with praise. She said he had accepted an invitation to go to Rome. Source […]
Trump Says Fed Chair Jerome Powell’s ‘Termination Cannot Come Fast Enough’
Jerome Powell has said that the Federal Reserve can be patient as the effects of tariffs become more clear. President Trump, pushing for interest rate […]
The Grand Egyptian Museum Is Finally Open. (Well, Mostly.)
The Grand Egyptian Museum, outside Cairo, has been delayed by revolutions, wars, financial crises and a pandemic. At long last, here’s a look inside. Source […]