AI-generated image (Credit: Bing image creator) American consumer confidence in the economy has dropped to its lowest level since the onset of the Covid-19 pandemic. The Conference Board reported a sharp 7.9-point decline in April, bringing the index down to 86, marking the lowest reading since May 2020. The decline is being largely attributed to […]
Donald Trump’s economic approval rating falls further. President Donald Trump’s economic approval rate further nosedived, according to a Reuters/Ipsos poll released Wednesday. About 37 per cent of Americans approved of Trump’s handling of the economy, which is five points down since his inauguration. It is also the lowest rating Trump ever received on economy, combining […]
Washington: The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump’s tariff rollout, the head of the International Monetary Fund said Thursday. The stop-start US tariff plans have fueled levels of market volatility unseen since the Covid-19 pandemic, and most economists expect the imposition of new […]
File photo: JPMorgan Chase CEO Jamie Dimon (Picture credit: AP) JPMorgan Chase CEO Jamie Dimon on Wednesday warned that sweeping tariffs imposed by US President Donald Trump could push the US economy into a recession and unleash financial instability, as markets reel from the escalating trade war with China.According to Fox Business, Dimon said, “I […]
J P Morgan projected that the United States will slip into a recession by the end of 2025, attributing the decline largely to President Donald Trump’s newly announced reciprocal tariffs. The forecast comes days after Trump imposed sweeping duties on imports in a bid to rebalance trade ties, with further hikes targeted at countries with […]
