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The Latest Breaking News from Economy

Replit CEO Amjad Masad says AGI won't replace humans — Unless you're a "code monkey" with no ideas or understanding

Amjad Masad says AI will not replace humans unless you’re a "code monkey" who doesn't understand the economy or deliver unique ideas.

Windows Central

West Texas, oil companies brace for downturn following Trump’s tariffs

Supply chain disruptions and policy decisions can significantly change these costs for oil companies — and consumers.

The Texas Tribune

S&P Futures Fluctuate as Trump’s Tariffs Take Effect, FOMC Minutes in Focus

June S&P 500 E-Mini futures (ESM25) are trending down -0.17% this morning, swinging between gains and losses as U.S. President Donald Trump’s sweeping tariffs came into effect.

Barchart

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S&P Futures Plunge as Trump’s Tariffs Take Effect, China Retaliates

June S&P 500 E-Mini futures (ESM25) are trending down -1.42% this morning as U.S. President Donald Trump’s sweeping tariffs came into effect and China hiked tariffs on U.S. goods.

Barchart

India’s central bank cuts interest rates after Trump’s tariffs kick in

Reserve Bank lowers growth forecast after economists estimate US tariffs could shave 20-40 basis points off growth in world’s fifth-largest economy this year

The Independent UK

How Trump's tariffs could shake up the global space industry

Trump-era trade policies could reshape the global space economy, straining transatlantic ties and pushing Europe toward new partnerships and greater autonomy.

Space

S&P 500 sees one of biggest days since second world war after Trump levies pause – as it happened

Trump claims ‘China wants to make a deal’ after raising tariffs to 125%, while 90-day pause for most countries sparks market surge

The Guardian - UK

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China Pushes Back With 84% Tariff In Escalating Trade Clash with US

China is trying to tariff-proof its economy by boosting consumption and investing in key industries, but analysts say it remains critically vulnerable to the economic storm triggered by Donald Trump's 104% levies on its goods.

International Business Times

IMF reaches a deal with troubled Argentina on bailout worth €18bn

The bailout provides a welcome reprieve to President Javier Milei as he seeks to overturn the country's old economic order.

Euronews

India Central Bank Cuts Interest Rates As Trump Tariffs Kick In

India's central bank cut interest rates in the world's fifth-largest economy on Wednesday as US President Donald Trump's tariffs kicked in and policymakers warned of "challenging global economic conditions".

International Business Times

Argentine Congress Backs Inquiry Into Milei Crypto Scandal

The libertarian president hailed the $LIBRA meme coin as a "private project" aimed at "stimulating the growth of the Argentine economy, by financing small businesses and Argentine entrepreneurs."

International Business Times

Albanese beats drum on economy as trade clouds gather

Fresh off a narrow debate victory, the prime minister has embraced the sights and sounds of Chinatown while spruiking the economy.

AAP

Universal’s first European theme park to open in Bedford in £50bn boost for economy

The 476-acre site is expected to see 8.5 million visitors in its first year and generate 28,000 jobs

The Independent UK

Northern Virginia leaders plead for state's help amid federal job cuts

Northern Virginia leaders are urging lawmakers to enact emergency legislation to help stabilize their local economy as the White House cuts federal jobs

The Independent UK

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Dollar Weakens as US Threatens Retaliatory Tariffs on China

The dollar index (DXY00 ) Tuesday fell by -0.40%. The dollar was under pressure Tuesday because of concerns that a global trade war could derail the economy and force the Fed to cut interest rates. President Trump said he would boost tariffs on China by 50% if it doesn’t remove...

AAP

Australia looks to Asia, Europe amid US tariff turmoil

The prime minister has talked up regional opportunities as his government seeks to dispel fears of a recession following a tariff-induced market meltdown.

The Independent UK

Now Fox News is suggesting Trump could win Nobel Peace Prize over tariffs

‘Is there a Nobel Prize in trade? I don’t know, but maybe he might be up for that one,’ Fox News anchor John Roberts declared on Tuesday

Latin Times

Republican Senator Asks Trump Trade Official Whose 'Throat Do I Get to Choke' If Tariff Play Doesn't Work

Republican Senator Thom Tillis warned US Trade Representative Jamieson Greer that the administration's tariffs better be good for the economy

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Stocks Mixed After Early Surge

The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.47%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.09%. June E-mini S&P futures (ESM25 ) are up +0.26%, and June E-mini Nasdaq futures...

Barchart

Stocks Surge on Trade Deal Hopes

The S&P 500 Index ($SPX ) (SPY ) today is up +2.79%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.69%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.29%. June E-mini S&P futures (ESM25 ) are up +2.80%, and June E-mini Nasdaq futures...

International Business Times

Trump's Trade Representative Says Tariffs 'Bearing Fruit'

The top US trade official on Tuesday defended President Donald Trump's sweeping tariffs on nearly every other nation, telling US senators almost 50 countries had reached out to make a deal.

Barchart

Dollar Pressured by Stock Rebound

The dollar index (DXY00 ) today is down by -0.05%. The dollar is under pressure from a stock rebound, which curbs liquidity demand for the dollar. The dollar is also being pressured by concern that a global trade war could derail the economy and force the Fed to cut interest...

The Conversation

Canada’s aging population: The unspoken ballot box issue

Canadians are voting in a federal election on April 28, and questions about how to deal with the United States and make Canada’s economy more resilient are dominating public discourse.

The Independent UK

The Latest: US stocks rise as global financial markets show signs of relief

Stocks are rising on Wall Street and around the world to recover some of the historic losses since last week when President Donald Trump announced sharp increases in taxes on goods imported to the U.S. The S&P 500 was up 3.4% in early trading Tuesday

Barchart

Stocks Sharply Higher on Hopes for US Trade Deals

The S&P 500 Index ($SPX ) (SPY ) today is up +3.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +3.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.39%. June E-mini S&P futures (ESM25 ) are up +3.04%, and June E-mini Nasdaq futures...

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