President Donald Trump’s unpredictable tariff policy and countermeasures by America’s trading partners will likely deal a heavy blow to economies worldwide, with US prosperity hit particularly hard, the International Monetary Fund warned Tuesday.
Global economic growth will slow to 2.8% this year,
» Read more about: US and global economies to slow sharply due to Trump’s tariffs, IMF warns »
By CHRISTOPHER RUGABER, Associated Press Economics Writer
WASHINGTON (AP) — The U.S. and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.
The IMF said that the global economy will grow just 2.8% this year,
» Read more about: US, global economic outlook worsens in the face of Trump’s tariffs, IMF says »
Washington DC | The outlooks for the US and global economies have significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.
The IMF said that the global economy will grow just 2.8 per cent this year,
» Read more about: ‘A new era’: Trump’s trade war will drag down global economy, says IMF »
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Former Reagan economist Art Laffer tells Kudlow why investors are worried about President Donald Trumps trade war.
The International Monetary Fund (IMF) on Tuesday cut its growth forecasts for the U.S. and other countries due to uncertainty over trade policy and weaker demand.
» Read more about: IMF cuts US economic growth forecast over trade tensions, policy uncertainty »
» Read more about: Tesla Stock Rises With Earnings On Deck After the Closing Bell Tuesday »
Wall Street is tracking a lot of things beyond Tesla’s earnings. Everything from the company’s artificial intelligence plans to Elon Musk’s future at Trump’s so-called Department of Government Efficiency is on the table.
The consensus among Wall Street is for earnings of 36 cents a share from $20.1 billion in sales.
President Donald Trump and Chinese President Xi Jinping are in the early stages of a major trade showdown, and each leader is equipped with enough ammunition to inflict serious pain on his adversary.
China has been one of the only countries to retaliate against Trump’s “LiberationDay” levies, bringing its rates against U.S.
» Read more about: Who Holds The Cards In US-China Trade War? »
Nvidia (NVDA) kicked off the week with a significant setback, as its stock plunged over 4% on Monday. The decline follows the Trump administration’s new restrictions on selling AI chips to China, which continues to weigh on investor sentiment. The situation intensified as China’s Huawei appeared poised to fill the gap left by Nvidia’s cutting-edge technology,
» Read more about: Nvidia Stock (NVDA) Stumbles as China Turns Up the Heat in AI Chip Race »
Excessive valuations and trade war jitters have crushed tech stocks this year, but there’s still a reason to bet big on the bruised sector, Barclays said.
In a note to clients on Tuesday, the bank cited tech as the top-performing sector in bear market recoveries, jumping by double digits in the 12 months after bottoming out.
Investors in Phillips 66 PSX need to pay close attention to the stock based on moves in the options market lately. That is because the June 20, 2025 $75.00 Call had some of the highest implied …
» Read more about: Do Options Traders Know Something About Phillips 66 Stock We Don’t? »
