Trump's Tariffs Shock India
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Black beauty businesses are bearing brunt of Trump's tariffs
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For months, economists warned that the Trump administration's sweeping tariffs would sharply boost consumer prices. Here's why it hasn't happened.
Sony joins Microsoft and Nintendo in raising gaming console prices following President Donald Trump’s tariffs on China.
Treasury Secretary Scott Bessent on Tuesday threw cold water on the idea that Americans could soon receive tariff rebate checks.
Members of the Federal Reserve's Federal Open Market Committee debated whether tariffs would fuel inflation, with a few officials expecting the import duties would only represent a one-time price increase,
Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.
The $50 price surge affects all three PlayStation models, with the standard console rising to $549.99, the Digital Edition hitting $499.99 and the Pro version soaring to a wallet-busting $749.99. Trump’s aggressive tariff regime, which kicked in Aug. 1, slaps Japanese imports with duties of up to 25% on major electronics and tech items.
By Pranoy Krishna and Vivek Mishra BENGALURU (Reuters) -Pressured by U.S. tariffs and foreign investor outflows, India's stock markets will manage to eke out only modest gains by year-end, according to a Reuters poll of equity analysts who have pushed back their forecast for a new record high to 2026.
S&P 500 companies have had a much better earnings season than initially feared, with 84% of companies beating estimates, Goldman Sachs said.
Federal Reserve officials worried at their July meeting about the state of the labor market and inflation, though most agreed that it was too soon to lower interest rates, minutes released Wednesday showed.