JP Morgan posts earnings
Friday, April 11, JP Morgan CEO Jamie Dimon addressed what he described as “considerable turbulence” facing the economy.
U.S. economy
China hits back at US and will raise tariffs on American goods from 84% to 125%
China announced Friday that it will raise tariffs on U.S. goods from 84% to 125% — the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown.
Republican bill requiring proof of citizenship for voting passes US House
The House passed one of Republicans’ signature issues for the year on Thursday, approving legislation to require proof of U.S. citizenship when registering to vote for federal elections, one of President Donald Trump’s top election-related priorities.
Inflation fell last month as gas prices dropped sharply, a sign prices cooled before tariffs
U.S. inflation declined last month as the cost of gas, airline fares, and hotel rooms fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats.
Delta Airlines predicts “stalled growth” amid recession fears
Delta Air Lines is warning investors that the current trade war is causing turbulence for the airline.
Strength of U.S. dollar hits 6 month low
The strength of the U.S. dollar fell to a six month low on Wednesday, April 9, after President Trump’s punishing new tariffs went into effect.
Trump signs executive orders to boost coal, a reliable but polluting energy source
President Donald Trump on Tuesday signed a series of executive orders aimed at boosting the struggling coal industry, a reliable but polluting energy source that’s long been in decline.
China says it will ‘fight to the end’ after Trump threatens to impose still more tariffs
China said Tuesday it would “fight to the end” and take countermeasures against the United States to safeguard its own interests after President Donald Trump threatened an additional 50% tariff on Chinese imports.
Ford offering employee pricing on vehicles amid uncertainty from tariffs
One American automaker is now offering employee pricing on many of its vehicles to all its customers in the U.S.
25K layoffs announced in March
Layoff announcements for March reached their third highest ever level.
