News

The U.S. junk market, by contrast, has a “largely manageable” volume of debt coming due in the next three years.

Federal Reserve Bank of Chicago President Austan Goolsbee warns that lessons from the pandemic suggest tariffs might become inflationary by creating supply-side disruptions.

While a decline in vacancies and easing wage growth suggest some moderation is under way, employers are still hiring and layoffs remain subdued.

The White House did not immediately comment on Trump’s call with Trudeau or on Trudeau’s social media post stating that the tariffs are on hold.

If the Musk team shut down legally legitimate transfers, that could spark debate over whether the federal government is following through on its obligations.

Mexico has avoided tariff risk in the immediate term. Many expect Trump to reach the same type of deal with Canada, but currently the 25% tariff on Canada kicks in tomorrow.

Targeted countries vow to hit back, and analysts predict “a significant supply shock” to the U.S. economy resulting in 1.2% lower GDP and 0.7% higher inflation.

The class-action lawsuit, filed on behalf of 60,000 plan participants, alleges that the airline failed to replace a “chronically underperforming” large-cap fund holding more than $2 billion in retirement plan assets.