Retail sales surged in March
U.S. retail sales surged last month.
U.S. economy
US stocks drop as Nvidia slides and the fog of Trump’s trade war thickens
U.S. stocks fell Wednesday after Nvidia warned new restrictions on exports to China will chisel billions of dollars off its results, while companies around the world said President Donald Trump’s trade war is clouding forecasts for how they and the economy will do this year.
Powell says Federal Reserve can wait on any interest rate moves
The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday.
JP Morgan posts earnings
Friday, April 11, JP Morgan CEO Jamie Dimon addressed what he described as “considerable turbulence” facing the 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.
