Thousands of Canadian autoworkers have been furloughed amid new tariffs in the country. Now, Canada’s largest private-sector union is warning these temporary layoffs could be the beginning of larger troubles for the sector, Bloomberg reported Wednesday (April 9). “The industry will not be able to...
The heads of America’s biggest banks are reportedly disconnected from the White House’s tariff efforts. To illustrate this fact, The Wall Street Journal (WSJ) on Wednesday (April 9) shared the story of a recent meeting in Washington D.C. attended by the CEOs of JPMorgan Chase, Goldman Sachs, Bank of America and Wells...
Some business leaders are reportedly voicing concerns about tariffs after seeing the impact the policy has had on the stock market. They are doing so publicly after initially working through trade groups or in meetings with Trump administration officials, The Wall Street Journal (WSJ) reported...
As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a fever pitch. The once-promising but cautious outlook for the U.S. economy is now being derailed by growing recession fears, casting...
When the economic winds start to howl, small- to medium-sized businesses (SMBs) turn up their collars. As the Trump administration’s global tariffs send shock waves through stock markets and prompt fears of a recession, businesses across America may be in store for particularly acute pain....
The European Union reportedly hopes to reach a deal with the U.S. to remove and prevent the country’s new tariffs, but is ready to start implementing countermeasures. The EU is set to approve one set of tariffs targeting the U.S. on April 15 and plans...
Less than a week into the new reality of tariffs, the impact to U.S. households is coming into sharper focus. The hit to the family pocketbook will be significant, estimated in a new report by the Yale Budget Lab: as much as $3,800 annually. Breaking...
JPMorgan’s CEO says America’s latest tariffs could dampen an economy that was “already weakening.” In his annual letter to shareholders, published Monday (April 7), Jamie Dimon argues that there are several uncertainties tied to the tariff policy: the effect on confidence, investments, corporate profits and the U.S....
The latest jobs report, released Friday (April 4), may prove to be a high-water mark for hiring — reflecting March’s surge before the maelstrom of tariffs and trade wars. The trends point to a gradual cooling, but then again, that was before this week’s announcements...
