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One of the many ways President Donald Trump has been making headlines is with his recent net worth increase. The 45th and now 47th president saw his net worth double from $2.3 billion in 2024 to over...
(Bloomberg) -- Donald Trump was elected on a pledge to fix all kinds of problems confronting the US economy, from stubborn inflation to a long-term decline in manufacturing jobs. He’s already declared that he’s off to the greatest start of a presidential term ever. The numbers don’t back him up.Most Read from BloombergNYC Lost $9 Billion of Income to Miami, Palm Beach in Five YearsNew York City Transit System Chips Away at Subway Fare EvasionNYC’s Congestion Toll Raised $159 Million in the First
Starbucks chair and CEO Brian Niccol said he will need more time to turn around the coffee giant.
Dow falls more than 750 at one point.
The son of U.S. President Donald Trump said the current financial system is broken and blockchain technology is the fix.
April has been one of the wildest months in recent memory for markets, capped off by a key data release that showed the economy shrank last quarter for the first time in years.
President Donald Trump is defending his economic policies while urging Americans to "be patient" amid the tumult of markets and the overall economy.
WASHINGTON (Reuters) -U.S. consumer spending increased solidly in March as households boosted purchases of motor vehicles to avoid higher prices and shortages due to tariffs, but that did little to change economists' views that the economy had shifted into lower gear. Consumer spending, which accounts for more than two-thirds of economic activity, surged 0.7% last month after an upwardly revised 0.5% gain in February, the Commerce Department's Bureau of Economic Analysis said on Wednesday. Economists polled by Reuters had forecast consumer spending would rise 0.5% after a previously reported 0.4% increase in February.
Shares of the coffee giant were drifting toward 52-week lows Wednesday, sliding after its latest results disappointed and its new CFO declined to offer an outlook for the months to come.
WASHINGTON (Reuters) -The U.S. Treasury's primary dealers say they would prefer to end the federal debt ceiling, as it likely increases debt service costs and market volatility and may hurt the dollar's reserve asset status, minutes of the Treasury Borrowing Advisory Committee (TBAC) showed on Wednesday. "The Committee expressed that its preferred option would be for Congress to delegate broad authority to the administration to borrow as necessary to fund government obligations," the TBAC said in the minutes from its quarterly refunding meeting held on Tuesday. Treasury debt yields surged this month after Trump announced punishing "reciprocal" tariffs on many countries on April 2.
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