‘They can’t get it wrong again’: Economists are increasingly uncertain about Fed rate cuts this year
The Fed is more likely to err on the side of caution given its past mistakes, says one chief economist.
Financial News
Yellen says she won’t rule out possible tariffs on China’s green exports
U.S. Treasury Secretary Janet Yellen said “we need to keep everything on the table” when it comes to Chinese green energy exports.
Trump says going to jail for gag order violation would be a ‘great honor,’ compares himself to Mandela
President Joe Biden’s reelection campaign lambasted Trump for comparing himself to Nelson Mandela.
Fed Governor Bowman says additional rate hike could be needed if inflation stays high
Bowman said that it’s possible more hikes could be needed, rather than the cuts the market is expecting.
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald Trump’s protectionist policies, says Nomura’s Richard Koo.
China’s BYD to launch first electric pickup truck this year in latest challenge to Tesla, Ford
BYD plans to launch its first electric pickup truck this year stepping up the Chinese giant’s competition with global auto firms from Ford to Toyota.
Euro zone inflation unexpectedly slows to 2.4% in March, with core print also below forecast
Economists polled by Reuters expected the rate to hold steady on the prior month at 2.6%.
From Miami to Melbourne, a quiet revolution is underway to fend off a silent and invisible killer
Several chief heat officers have been appointed in cities worldwide to prepare residents for increasingly frequent and severe bouts of excessive heat.
Gold prices hit another record high on Fed cut expectations
Gold prices extended its rally to notch another record high on Monday, propelled by U.S. interest rate cut expectations and its appeal as a safe haven asset.
How Maersk grew its shipping empire and how it’s evolving
Maersk faces a range of challenges including Red Sea diversions, a drought at the Panama Canal and a potential strike maritime workers.