Powell opens door to interest rate cut, citing labor markets
Federal Reserve Chair Jerome Powell carefully opened the door to an interest-rate cut in September, pointing to rising risks for ...
Tag: Bloomberg
US initial jobless claims decline for a fifth straight week
Applications for US unemployment benefits declined for a fifth straight week to the lowest level since mid-April, showing a resilient ...
Lucid’s CEO warns of price hikes even for American-made cars
The head of Lucid Group Inc. warned that President Donald Trump’s tariffs will drive up costs to build automobiles — ...
Mercedes car sales drop as tariffs crimp demand in US, China
Mercedes-Benz Group AG’s vehicle sales declined in the second quarter after trade tensions led by President Donald Trump’s tariffs hit ...
US consumer confidence drops on broad concerns about economy
US consumer confidence unexpectedly declined in June, underscoring lingering anxiety about the potential impacts on the economy and job market ...
Renault CEO’s resignation throws fragile turnaround into doubt
Renault SA’s impending loss of Chief Executive Officer Luca de Meo calls into question the French carmaker’s recovery, with the ...
Auto stocks drop after Trump floats more auto tariffs
Auto manufacturers’ shares tumbled Friday after President Donald Trump floated potential increases to existing auto tariffs. “I might go up ...
US consumers hit the brakes while goods imports sink by a record
US consumers hit the brakes in April while goods imports plummeted by a record as companies adjusted to higher tariffs. ...
