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The Latest Breaking News from Economy

Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

Fortune

Wall St Leads Rout As World Reels From Trump Tariffs

Wall Street led a global markets bloodbath Thursday as countries around the world reeled from President Donald Trump's trade war, while the White House insisted the US economy would emerge victorious.

International Business Times

Crude Prices Plummet on Energy Demand Concerns and Rising OPEC+ Production

May WTI crude oil (CLK25 ) today is down -5.34 (-7.45%), and May RBOB gasoline (RBK25 ) is down +0.1820 (-7.80%). Crude oil and gasoline prices today plunged to 3-week lows on concern that President Trump’s harsher-than-expected reciprocal tariffs will ignite a trade war that derails the global economy and...

Barchart

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Stock Sharply Lower on Concern US Trade War Will Upend the Global Economy

The S&P 500 Index ($SPX ) (SPY ) today is down -4.42%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -3.72%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -5.11%. June E-mini S&P futures (ESM25 ) are down -4.10%, and June E-mini Nasdaq futures...

Barchart

Firms in Northern Ireland anxious about Trump tariffs, O’Neill says

Deputy First Minister Emma Little-Pengelly said it was important that any retaliatory EU tariffs on the US did not penalise Northern Ireland.

Evening Standard

Dollar Slumps to a 6-Month Low as US Tariffs Spark Trade War Fears

The dollar index (DXY00 ) today is down sharply by -2.19% at a 6-month low. The dollar is plummeting today because of concerns that President Trump's sweeping new reciprocal tariffs will start a trade war that will derail the economy and force the Fed to cut interest rates. Also, today's...

Barchart

"Our manager gave us each $1000 and put us on the plane, economy class. We later found out we had received $250,000 for the show: he kept it all." The true story behind Black Sabbath's biggest show ever

On April 6, 1974, Black Sabbath performed for 250,000 rock fans at the first California Jam festival. It was a gig that would live long in the memory for all involved, for reasons both good and bad

Metal Hammer

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Trump’s ‘idiotic’ and flawed tariff calculations stun economists

‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray

The Guardian - UK

Dow and S&P drop as Trump's tariffs spark trade chaos on Wall Street

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.

Euronews

The 2025 Subaru Forester Hybrid Makes So Much Sense: First Drive Review

The new Subaru Forester is a bit sluggish and it doesn’t have great fuel economy; The new Forester Hybrid solves both of those problems for not a whole lot more money. It’s a no-brainer.

Motor1

AI Could Impact 40 Percent Of Jobs Worldwide: UN

The global artificial intelligence market is projected to reach $4.8 trillion -- roughly the size of Germany's economy -- by 2033, the UN said Thursday, warning nearly half of jobs worldwide could be affected.

International Business Times

Trump's Tariffs Sting Asian Giants, Including US Allies

Asia's manufacturing powerhouses were desperately seeking talks with Washington on Thursday after Donald Trump announced 10 percent "reciprocal" tariffs, and even more for some longtime US allies.

International Business Times

‘Nothing is off the table’: World leaders react to Trump’s tariffs

Analysts warn of price hikes and a potential recession in the US, where stock futures have dropped.

Al Jazeera

Liberation Day for Trump as he ‘drops nuclear bomb on the global trading system’

US president unleashes a blitz of tariffs — but the UK gets off relatively lightly

Evening Standard

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Evening Standard

Trump tariff announcements ‘deeply regrettable’, NI Economy Minister says

Caoimhe Archibald said she had already engaged with representatives of the UK and Irish governments on the issue.

Evening Standard

UK economy set for significant tariff hit but avoids ‘direct blow’ – economists

Donald Trump slapped a 10% tariff on US imports of UK goods.

The Guardian - AU

Trump’s tariffs could deliver a $27bn blow to Australia – and the cost of a global trade war would be far higher

How other countries retaliate matters hugely for how Australia’s economy weathers the storm of ‘liberation day’, experts say

The Guardian - UK

Macron calls Trump’s tariffs ‘brutal and unfounded’ and warns France could suspend US investments – as it happened

President says ‘nothing can be ruled out’ in response to US measures

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International Business Times

Livestock Theft Is Central To Jihadist Economy In West Africa

Musa was asleep in the village of Dusuman in northeast Nigeria when he was awoken by a sharp burst of gunfire and Boko Haram stole his main source of livelihood -- his livestock.

Fortune

The Czech Republic's car giant Skoda is defying parent Volkswagen's downturn

Volkswagen-owned Skoda is defying a broader downturn for the German carmaker.

Euronews

'Major economic blow': EU and world leaders react to Trump's tariffs

US President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen.

The Conversation

What Donald Trump’s dramatic US trade war means for global climate action

US President Donald Trump’s new trade war will not only send shockwaves through the global economy – it also upsets efforts to tackle the urgent issue of climate change.

AAP

Fiji among big Pacific losers under Trump tariffs

Fiji Water, one of the biggest bottled water brands in the US, will become more expensive after President Donald Trump hit Fiji with 32 per cent tariffs.

International Business Times

Financial Markets Tumble After Trump Tariff Announcement

Global financial markets were rocked on Wednesday by Donald Trump's announcement of sweeping tariffs, targeting China and the European Union in particular, with the risk of undermining the international economy.

Latin Times

Trump Mocked for Claiming Tariffs Would Have Prevented Great Depression: 'Make Everyone Poor Again'

The internet is mocking President Donald Trump for boasting about his impending tariffs, which experts say will do the opposite of grow the economy.

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