Layoffs jumped in March as the Department of Government Efficiency's reductions to the federal workforce made up more than three-quarters of the 275,240 job cuts tracked by the firm Challenger, Gray & Christmas.
(Bloomberg) -- European stocks headed for their worst drop since August after US President Donald Trump announced the steepest tariffs in a century, including a 20% rate for the European Union.Most Read from BloombergMetro-North Is Faster Than Acela on NYC-New Haven Route After Signal UpdatesLondon Clears Final Hurdle for More High-Speed Trains to EuropeLocal Governments Vie for Fired Federal WorkersChicago School District Agrees to Minimum 16% Teacher Pay RaiseWhat Would ‘Transportation Abundan
Investors should consider defensively oriented consumer stocks over disrectionary shares after President Trump's latest tariff announcement, Oppenheimer analysts said Thursday.
Addressable is looking to bring Web2 marketing tactics to the Web3 economy.
Acuity shares dropped Thursday after the industrial technology company's fiscal second-quarter revenue and profit came up short of analysts' estimates.
Volkswagen is launching a new version of its Amarok mid-size pick-up truck targeted at the South American market from 2027, the carmaker said on Thursday, in the latest example of auto industry players localising production. VW is investing $580 million to refit its Pacheco plant in the province of Buenos Aires, which has produced an older version of the Amarok since 2010, towards producing the new design, it said.
In a day of broad stocks declines as President Donald Trump’s tariffs rattle markets, shares of one major European drinks maker are holding up.
WASHINGTON (Reuters) -U.S. Federal Reserve officials who have said they needed more details before estimating the economic impact of President Donald Trump's trade plans got perhaps more than they bargained for on Wednesday when he unveiled sweeping tariffs analysts say could dramatically reshuffle the country's economic outlook. The levies, which Trump gleefully displayed as a globe-spanning leaderboard of import tax rates, feature a baseline 10% for major trading partners like the European Union, higher still at 25% for Canada and Mexico, a massive 46% on Vietnam and potentially more than 50% for China. Within hours economists were penciling in a U.S. recession and drawing comparisons with the 1930s and even the late 1800s, early in the country's industrial development.
Financial markets around the world are reeling Thursday following President Donald Trump’s latest and most severe volley of tariffs, and the US stock market may be taking the worst of it.View on euronews
(Reuters) -Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump's sweeping tariffs plan sparked fears of a recession and a slowdown in consumer spending that could hurt earnings. Citigroup fell over 12%, while Bank of America sank 11%. Morgan Stanley, Goldman Sachs and Wells Fargo fell over 9% each.
