Business News

President Donald Trump has asked for more time on the US economy after it contracted for the first time in three years, stoking recession fears. He told business leaders that the contraction was misleading, blaming the drop on companies stockpiling imports ahead of the imposition of his tariffs. “This is Biden’s economy because we took […]

The U.S. economy took a sharp and unexpected turn in early 2025. As reported by the Commerce Department, gross domestic product, adjusted for inflation, declined at a 0.3 percent annual rate in the first quarter. “A stunning reversal from the strong growth at the end of last year.” The drop stemmed largely from the chaotic

NEW YORK, April 29 (Reuters) – U.S. stocks closed solidly in positive territory on Tuesday, after seesawing between modest gains and losses in choppy trading as investors assessed the latest round of corporate earnings, economic data and changes on the trade policy front. Tariff Concerns Dominate Sentiment U.S. Treasury Secretary Scott Bessent predicted China could