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The Latest Breaking News from Torsten Slok

Walmart, Home Depot, Target Restart China Shipments, Will Cover Tariffs: China Source

Chinese-based news organizations are reporting major U.S. retailers have instructed suppliers to restart shipments.

Investors Business Daily

Port Of Los Angeles Warns 'Difficult Decisions' Ahead As Shipments From China Cease

President Trump's trade war is expected to bring about a 35% decline in cargo arriving at the Port of Los Angeles by next week.

Investors Business Daily

CEOs are in distress and consumers fear job losses amid ‘stagflation shock,’ economist warns

New research from Apollo Global Management outlines the tariff impact on U.S. businesses and consumers. Signs are pointing toward recession by summer.

Fortune

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read the most diverse news in one place.

Recession ‘absolutely’ will happen if Trump’s tariffs remain, top financial expert says

‘We will have bankruptcies of retailers of very significant magnitudes if this is allowed to continue,’ Torsten Slok says

The Independent UK

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 housing market now has more ‘downside risks’: layoffs from DOGE and the trade war

A week of back-to-back housing data revealed a tiny boost in sales and modest improvement where home prices and mortgage rates are concerned. But don’t be fooled, housing is still unaffordable for many.

Fortune

A staycation nation: Americans hit a 15-year low in travel planning

Blame policy uncertainty on Trump 2.0, according to Apollo chief economist Torsten Slok.

Fortune

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CPI, Retail Sales May Calm S&P 500, Curb Fed Rate-Cut Views

Consumer price index and retail sales data this week should ease economic concerns, but markets may reel in odds of a big Fed rate cut as the S&P 500 tries to break a four-week losing streak.

Investors Business Daily

Top economist: More people are looking for a job, but not because they were laid off

The unemployment rate reflects the fact that the number of workers is growing, not that more people are losing their jobs.

Fortune

Soaring Budget Deficit Raises Risk For S&P 500; Can AI Save The Day?

Will the AI boom boost productivity enough to rein in the federal budget deficit? The S&P 500 faces a bumpy ride while we wait for the answer.

Investors Business Daily

Apollo's chief economist defies Fed’s hawkish pivot; no rate hikes this year despite ‘dramatic turnaround’

Yet Federal Reserve Bank of Minneapolis President Neel Kashkari recently refused to rule out interest rate hikes.

Fortune

Americans still haven’t run out of pandemic savings quite yet, JPMorgan study finds

The biggest question facing economists is when will consumers burn through their COVID-era piggy bank.

Fortune

The most predicted recession ever maybe won’t happen. Get ready for the ‘asset class recession’

An asset class recession would hit at a uniquely vulnerable time, as the share of Americans invested in stocks hasn’t been so high since the Great Financial Crisis.

Fortune

'The credit crunch has started' and it could have big recession implications

It was easy to put things on the proverbial credit card during the free money era.

Fortune

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