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The Latest Breaking News from Economy

Top Republican Pollster Says Trump's Impact on Economy is The 'Exact Opposite' of What Americans Voted For

GOP pollster Whit Ayres is warning that "higher prices and slower growth are exactly the opposite of what Americans voted for"

International Business Times

Rachel Reeves mocks Scottish MP for raising concerns about economy

RACHEL Reeves has been caught mocking a Scottish MP after he raised grave concerns about Labour’s impact on Scotland’s economy.

The National (Scotland)

Trump tariffs could soften one of Europe’s most expensive housing markets—if tech workers face layoffs

Tech and pharma employees in Ireland are at risk from an escalating Trump trade war.

Fortune

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What is a recession, and is it tied to stock market declines?

Trump’s tariffs prompt market drops, recession fears, and worries of accompanying inflation this time.

Al Jazeera

Trump tariffs will have little impact on London's services based economy says report

Only 3% of London exports are goods heading for the newly protectionist US

Evening Standard

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

The Conversation

Why Indonesia’s sinking rupiah is a flashing alarm for its $1.4tn economy

Indonesia’s currency is at a record low against the US dollar amid concerns over President Prabowo Subianto’s policies.

Al Jazeera

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Trump says high tariffs may have prevented the Great Depression. History says different

In the early days of the Great Depression, Rep. Willis Hawley, a Republican from Oregon, and Utah Republican Sen. Reed Smoot thought they had landed on a way to protect American farmers and manufacturers from foreign competition: tariffs

The Independent UK

Stocks Settle Mixed as Chip Makers Rebound

The S&P 500 Index ($SPX ) (SPY ) Monday closed down -0.23%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.19%. June E-mini S&P futures (ESM25 ) are up +0.30%, and June E-mini Nasdaq futures...

Barchart

Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

The Independent UK

The US president must act now to prevent his ‘Trump Slump’ becoming a global one

THE INDEPENDENT VIEW: Editorial: As confidence drains from the world economy, the stock market contagion sparked by Donald Trump’s tariffs could yet spread to the banks, with a trade recession joined by a credit crunch. If he presses on, the dangers are unthinkable

The Independent UK

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

AAP

Trump Hoped Economy Would Crash Under Biden in Resurfaced Clip as Markets Continue to Plummet

A clip of Trump expressing hope that the economy would crash before his second term has resurfaced as global markets suffer their worst downturn in years.

Latin Times

John Oliver on Trump tariffs: ‘Their plan to shoot the economy in the dick’

The Last Week Tonight host tears into dubious tariff math and Republican fixation with trans athletes in sports

The Guardian - US

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Barchart

Stocks Pressured by Global Trade War Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -1.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.65%. June E-mini S&P futures (ESM25 ) are down -1.23%, and June E-mini Nasdaq futures...

The Guardian - UK

Here’s one key thing you should know about Trump’s shock to the world economy: it could work

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

Barchart

Global Equity Markets Sink on Tariff Turmoil

The S&P 500 Index ($SPX ) (SPY ) today is down -2.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are up +0.56%, and June E-mini Nasdaq futures...

Euronews

Wild market swings: Stocks volatile on Wall Street as tariff woes hit

Wild swings dominated Wall Street's trading session on Monday with the market catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump’s trade war will torpedo the global economy.

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Salon

The ultimate MAGA loyalty test

Self-preservation may start to look a little different to Republicans if the country is mired in a recession

The Conversation

How the struggles of the UK hospitality sector could hit the rest of the economy

Across the UK, Mother’s Day represented a vital revenue opportunity for the hospitality sector. Bars, restaurants, cafés and pubs would have anticipated a boost courtesy of family groups – and some spring-like weather. Sadly though, due to some harsh financial realities including higher tax and wage bills coming into force…

Fortune

Mark Cuban warns Trump's global tariffs could lead the U.S. to 'a far worse situation than 2008'

Mark Cuban is warning that tariffs and DOGE cuts could result in long-term pain for the U.S. economy.

Fortune

Trump shares Truth Social video claiming he's 'purposefully crashing the market'

President Trump then told media aboard Air Force One: “I don't want anything to go down, but sometimes you have to take medicine to fix something.”

The National (Scotland)

Oil prices plummet as fears of global recession rise

OIL prices have dropped further as Donald Trump signalled he would push ahead with sweeping global tariffs, saying “you have to take medicine”…

International Business Times

'This Is Not What We Voted For': Bill Ackman Urges 90-Day Tariff Pause To Prevent Economic Crisis

Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."

Barchart

Stock Index Futures Tumble as Tariff Turmoil Deepens, U.S. Inflation Data and Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM25) are down -3.29%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.

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