A customer carries merchandise from a Hermes store on Feb. 14, 2025.Scott Olson | Getty ImagesEurope's beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector's long-awaited recovery.Shares of European luxury...
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Wall Street trading desks are feasting on the volatility from Trump’s global upheaval
U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025. Kevin Lamarque | ReutersWall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump's tenure...
More than 60% of CEOs expect a recession in the next 6 months as tariff turmoil grows, survey says
The Goldman Sachs headquarters in New York.Bloomberg | Bloomberg | Getty ImagesA growing majority of America's top executives now expects the U.S. economy to enter a recession in the near future, according to a survey released Monday.Of the more than 300 CEOs polled in April, 62% said they forecasted a...
Global trade outlook has ‘deteriorated sharply’ amid Trump tariff uncertainty, WTO warns
Cargo ships and containers at Qingdao port in eastern China's Shandong province on Dec. 4, 2024.Stringer | Afp | Getty ImagesThe World Trade Organization warned on Wednesday that the outlook for global trade has "deteriorated sharply" in the wake of U.S. President Donald Trump's tariffs regime."The outlook for global trade...
CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
BlackRock CEO Larry Fink speaks at the Economic Club of New York on April 07, 2025, in New York City. Spencer Platt | Getty ImagesBlackRock CEO Larry Fink said Monday that many business leaders believe the United States economy is already in a significant downturn."Most CEOs I talk to would say...