Your Pulse On America: Live And Unfiltered
Less than a year ago, the Federal Reserve took decisive action to bolster the U.S. economy. With inflation easing and the labor market starting to soften, the central bank opted to go big, lowering interest rates by half a percentage point and signaling further cuts to come. Rather than a panicky response to a crisis…
When the Covid pandemic hit, factories in China shut down and global shipping traffic slowed. Within a matter of a few weeks, products began disappearing from U.S. store shelves and American firms that depend on foreign materials were going out of business. A similar trend is beginning to play out, but this time the catalyst…
President Trump on Friday proposed slashing $163 billion in federal spending for the next fiscal year, a dramatic reconfiguration of the government’s role and reach that would eliminate a vast array of climate, education, health and housing programs, including some that primarily benefit the poor. Mr. Trump’s discretionary $1.7 trillion blueprint illustrates his conservative vision…
Stocks were on track on Friday to erase their losses from the days after President Trump’s chaotic rollout of tariffs in early April, bolstered in part by a healthy report on the labor market. The S&P 500 rose 1.6 percent by Friday afternoon, climbing back above where it stood before chaos descended on financial markets…
President Trump on Friday plans to unveil his budget for the 2026 fiscal year, proposing billions of dollars in cuts targeting child care, education, health, housing and nutrition programs, including those that benefit the poor. The blueprint is likely to showcase Mr. Trump’s conservative vision for Washington while formalizing his disruptive reorganization already underway, as…
The economy is contracting, companies are reporting losses and consumers are tightening their belts. As dour as the economic data has been this week, President Trump continues to insist his policies are working. Ahead of a closely watched — and unpredictable — jobs report released Friday morning, Mr. Trump has sought to take an early…
The two largest U.S. oil companies reported their lowest first-quarter profits in years on Friday as they braced for the economic fallout from President Trump’s trade war, which has weakened consumer confidence and pushed oil prices down. U.S. crude prices slipped below $60 a barrel this week, a threshold below which many companies cannot make…
May 2, 2025, 6:01 a.m. ET Traders at the New York Stock Exchange on Thursday.Credit…Richard Drew/Associated Press Investors will be closely watching the jobs report on Friday for any signs that President Trump’s early policy priorities, including tariffs and layoffs of federal workers, have started to dent the U.S. economy. Wall Street remains on edge…
One hundred days of President Trump. Seventy days of whipsaw trading in financial markets. Thirty-two days of losses. More than $6.5 trillion wiped from the value of public companies. For financial markets, the 7 percent drop in the S&P 500 is the worst start to a presidential term since Gerald R. Ford took over from…
President Trump’s tariffs have roiled financial markets and upended global trading patterns. Now they are disrupting measures of economic growth as well. U.S. gross domestic product, adjusted for inflation, declined at an 0.3 percent annual rate in the first three months of the year, the Commerce Department said Wednesday. It was, on the surface, a…