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Why you shouldnt go into debt to beat the tariffs, experts say

(NEW YORK) -- U.S. consumers are going on a tariff-induced shopping spree. From furniture, to appliances, to alcohol, Americans are rushing to buy before President Donald Trump's sweeping tariffs are felt at the checkout counter.Economists say the tariffs are expected to increase prices for ...
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Dow closes down 2,200 points, Nasdaq enters bear market amid tariff fallout

(NEW YORK) -- U.S. stocks closed down significantly on Friday after a continued selloff amid fallout from President Donald Trump's "Liberation Day" tariffs.The Dow Jones Industrial Average plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6%.The tech-heavy Nasdaq declined 5.8%. The decline ...
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Fed Chair Powell says he expects Trumps tariffs will hike inflation and slow growth

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Friday he expects President Donald Trump's tariff policy will hike prices and slow economic growth, while noting that key indicators "still show a solid economy."Policy changes implemented by the White House have contributed to a "highly uncertain ...
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US stocks slide amid escalating tariff fallout

(NEW YORK) -- U.S. stocks continued their slide in early trading on Friday, just hours after China announced retaliatory tariffs in response to President Donald Trump's "Liberation Day" levies.The Dow Jones Industrial Average plummeted 925 points, or 2.25%, while the S&P 500 dropped 2.4%. ...
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US stock futures slump amid escalating tariff fallout

(NEW YORK) -- Stock markets continued their slide on Friday morning, as the shockwaves of President Donald Trump's "Liberation Day" tariffs continued to reverberate around the globe.U.S. stock futures slipped further, with Dow Jones futures plummeting nearly 1,100 points -- or 2.68% -- on ...
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US hiring surged in March, defying recession fears

(NEW YORK) -- U.S. hiring surged in March, blowing past economists' expectations and defying concern on Wall Street about a possible economic recession, government data on Friday showed.The U.S. added 228,000 jobs in March, according to data from the U.S. Bureau of Labor Statistics. ...
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Stock markets slide deeper amid Trump tariffs fallout

(NEW YORK) -- Key foreign stock markets continued their slide after opening on Friday morning, as the shockwaves of President Donald Trump's "Liberation Day" tariffs continued to reverberate around the globe.Japan's Nikkei index lost 3.5% on Friday, while the broader Japanese Topix index fell ...
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Kentucky Bourbon industry caught in middle of global tariff war

(NEW YORK) -- The Kentucky bourbon industry said it is reeling from retaliatory actions taken by Canada and the European Union in response to President Donald Trump's trade war against both global regions.More than 90% of the world's bourbon is from Kentucky, which advocates ...
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US stocks suffer major losses in 1st trading session after Trumps tariffs announcement

(NEW YORK) -- U.S. stocks suffered major losses on Thursday at close of the first trading session after President Donald Trump's sweeping tariffs announcement.The Dow Jones Industrial Average plummeted 1,679 points, or nearly 4%, while the tech-heavy Nasdaq declined almost 6%.The S&P 500 tumbled ...
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US stocks sink in 1st trading after Trumps tariffs announcement

(NEW YORK) -- U.S. stocks plunged in early trading on Thursday, just hours after President Donald Trump's sweeping tariffs announcement touched off threats of countermeasures from foreign leaders.The Dow Jones Industrial Average plummeted 1,100 points, or 2.6%, while the tech-heavy Nasdaq declined 4.3%.The S&P ...
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