Economist Warns Unemployment Could Fall to 'Recessionary Levels' If Trump Continues Tariff Rollout
Economists warn President Donald Trump's global tariff expansion could spark widespread job losses and push unemployment to recessionary levels.
Musk's AI Chatbot Warns Trump Tariffs Could 'Cause a Recession' as Markets Face Worst Stretch Since 2008
Elon Musk's AI chatbot, Grok, has warned that President Donald Trump's recent tariffs could lead to a global recession.
Trade Official Declares Trump Is Standing Strong on Tariffs Despite Recession Concerns: 'The President Is Fixed in His Purpose'
Democratic Sen. Margaret Hassan called Trump's tariffs "reckless" and "haphazard"
Former Treasury Secretary Says Families Will Lose At Least $5,000 As a Result of Trump's Tariffs
Former Treasury Secretary Larry Summers said the U.S. will likely enter a recession and lose 2 million additional jobs as a result of Trump's tariffs
Mega Republican Donor Slams Trump Tariffs as 'Bulls--t': 'I Don't Understand the Goddamn Formula'
Top GOP donor Ken Langone and other billionaire allies have slammed President Donald Trump's steep tariffs as reckless and inflationary.
BlackRock CEO Says Most Wall Street Titans Believe U.S. Is Already In Recession But Calls Rout a 'Buying Opportunity'
BlackRock CEO Larry Fink said most other Wall Street leaders he talks to believe the U.S. is already in a recession, but called the moment a "buying opportunity"
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.
US' Chances of Recession Inch Dangerously Close to 50 Percent As Trump Backs Sweeping Tariff Play
Goldman Sachs placed the chances of a recession at 45% as the impact of Trump's tariffs continue to roil markets
Trump Boosts Claim That He's Crashing the Stock Market 'On Purpose' Days After Announcing Tariff Plan
On Friday, Trump shared claims that he is intentionally crashing the stock market in what one called "a wild chess move," within his "genius" economic strategy.
House Democrats Slam Republicans as 'Complicit Cowards': 'They Would Rather Plunge the US Into a Recession'
House Democrats slammed Republicans for blindly following President Donald Trump's impending reciprocal tariffs.
Vance Refuses to Rule Out Recession As Concerns Over Market Slump Intensify: 'You Can Never Predict the Future'
JD Vance refused to rule out the possibility of a recession amid ongoing market turmoil, reinforcing concerns about economic uncertainty.
Fox Host Urges Viewers to 'Ignore' Reports Of a Possible Recession As Market Slumps: 'Trump is Good For Business'
Fox News host Laura Ingraham urged viewers to dismiss media reports warning of a potential recession, insisting that Donald Trump is "good for business."
Stock Markets Plunge On US Recession Fears
In the United States, the tech-heavy Nasdaq Composite Index plummeted by 4.0 percent, seeing its worst day since 2022 after Trump declined to rule out the risk of a U.S. recession. The Nasdaq was bogged down by retreats in the so-called Magnificent Seven tech stocks, which include Google parent Alphabet, Apple, Amazon, Meta and Nvidia. Stocks in electric carmaker Tesla, led by Trump's billionaire advisor Elon Musk, closed more than 15 percent down.
Trump Insists Tariffs Will Make Americans 'So Rich' Despite Recession Warnings
Despite economists warning of a potential recession, Donald Trump insists his tariff policies will make Americans "so rich."
US Fed Governor Says A 'Soft Landing' Is Possible
The Fed recently voted to hold interest rates at a 22-year high, raising hopes among investors that it can achieve a so-called "soft landing" while avoiding further rate hikes.
Peru Announces Package To Attract More Investment Amid Recession
Peru is the world's second-largest producer of copper. However, the country is currently experiencing a decline in private investment due to the El Nino weather phenomenon.
How Many Undocumented Immigrants Live In US? Numbers On The Rise Since Recession Ended, Says New Study
The Pew Center says numbers of undocumented immigrants in the United States are increasing again after they took a dip with US economy. Those numbers leaped throughout the 1990s and early 2000s. Lawmakers debating what the government should do to keep those numbers down might take note of a 2007 paper pointing to border enforcement as a major reason for the rise.
Euro Zone Falls Into Second Recession Since 2009
The euro zone debt crisis dragged the bloc into its second recession since 2009 in the third quarter despite modest growth in Germany andFrance, data showed on Thursday.
Spanish recession darkens as country mulls bailout
The Spanish economy is falling deeper into recession and depositors are pulling their money out of the banks, figures published on Tuesday showed, while the country's most economically important region, Catalonia, said it needed a major rescue from Madrid.
Euro zone headed for recession, China, U.S. struggle
World business surveys on Thursday painted a picture of economic malaise stretching from Beijing to Berlin, adding to concerns that the world economy was slowing down.