business 
Some Republican senators on Capitol Hill, including one of President Trump’s most ardent supporters, have signaled their uneasiness to the sweeping global tariffs that the president announced this week and that sent global markets reeling. Senator Ted Cruz, Republican of Texas, warned on Friday that a future where other countries slap retaliatory tariffs on U.S. … Read more
U.S. employers accelerated hiring in March, a surprising show of strength that analysts warned might be the high-water mark for the labor market as the Trump administration’s economic policies began to play out. Employers added 228,000 jobs last month, the Labor Department reported on Friday, a figure that was far more than expected and was … Read more
The Japanese video game company Nintendo said on Friday that it would delay preorders for its new console, the Switch 2, in the United States because of the tariffs imposed by President Trump. The Switch 2’s price was unveiled as $450 this week. Its release date of June 5 remains unchanged, the company said. U.S. … Read more
Jerome H. Powell, chair of the Federal Reserve, warned that President Trump’s tariffs risk stoking even higher inflation and slower growth than initially expected, as he struck a more downbeat tone about the outlook, despite the economy so far remaining in a “good place.” “While uncertainty remains elevated, it is now becoming clear that the … Read more
As financial markets recoiled for a second day and China said that it would hit the United States with its own punishing tariffs, President Trump on Friday sounded a defiant note about his approach, promising that “MY POLICIES WILL NEVER CHANGE.” Instead, Mr. Trump maintained in a series of posts on Truth Social that his … Read more
President Trump’s tariffs mean that companies across the European Union and around the world are at risk of losing access to the world’s largest consumer market. Naturally, they are looking for the next big thing. Statistically speaking, that would mean China. The E.U. has the second-largest consumer market in the world behind America; China is … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more
Oil prices continued to fall on Friday, extending Thursday’s sharp drop. Brent crude, the international benchmark, traded at its lowest level in more than three years, below $65 a barrel, a fall of almost 8 percent. Fears that President Trump’s tariffs could slash global economic growth — and demand for oil as a result — … Read more
In the weeks leading up to his expansive global tariffs, President Trump and his top aides tried to prime the public for economic pain. They warned that while there would be fallout from their aggressive trade strategy, it would prove short-lived and benefit the economy in the long run. Investors, businesses and others made clear … Read more
