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The Latest Breaking News from Economy

Will the tariffs lead to a recession? Here's how to know if we're in one

President Donald Trump’s sharp tariff hikes last week have sent the stock market into a tailspin, raised alarm bells among Wall Street executives, and heightened many economists’ worries that the U.S. could tip into recession

The Independent UK

The US president must act now to prevent his ‘Trump Slump’ becoming a global one

THE INDEPENDENT VIEW: Editorial: As confidence drains from the world economy, the stock market contagion sparked by Donald Trump’s tariffs could yet spread to the banks, with a trade recession joined by a credit crunch. If he presses on, the dangers are unthinkable

The Independent UK

Calls mount for RBA to intervene with jumbo rate cut

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

AAP

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Trump Hoped Economy Would Crash Under Biden in Resurfaced Clip as Markets Continue to Plummet

A clip of Trump expressing hope that the economy would crash before his second term has resurfaced as global markets suffer their worst downturn in years.

Latin Times

John Oliver on Trump tariffs: ‘Their plan to shoot the economy in the dick’

The Last Week Tonight host tears into dubious tariff math and Republican fixation with trans athletes in sports

The Guardian - US

Stocks Pressured by Global Trade War Fears

The S&P 500 Index ($SPX ) (SPY ) today is down -1.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.65%. June E-mini S&P futures (ESM25 ) are down -1.23%, and June E-mini Nasdaq futures...

Barchart

Here’s one key thing you should know about Trump’s shock to the world economy: it could work

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

The Guardian - UK

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Global Equity Markets Sink on Tariff Turmoil

The S&P 500 Index ($SPX ) (SPY ) today is down -2.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are up +0.56%, and June E-mini Nasdaq futures...

Barchart

Wild market swings: Stocks volatile on Wall Street as tariff woes hit

Wild swings dominated Wall Street's trading session on Monday with the market catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump’s trade war will torpedo the global economy.

Euronews

The ultimate MAGA loyalty test

Self-preservation may start to look a little different to Republicans if the country is mired in a recession

Salon

How the struggles of the UK hospitality sector could hit the rest of the economy

Across the UK, Mother’s Day represented a vital revenue opportunity for the hospitality sector. Bars, restaurants, cafés and pubs would have anticipated a boost courtesy of family groups – and some spring-like weather. Sadly though, due to some harsh financial realities including higher tax and wage bills coming into force…

The Conversation

Mark Cuban warns Trump's global tariffs could lead the U.S. to 'a far worse situation than 2008'

Mark Cuban is warning that tariffs and DOGE cuts could result in long-term pain for the U.S. economy.

Fortune

Trump shares Truth Social video claiming he's 'purposefully crashing the market'

President Trump then told media aboard Air Force One: “I don't want anything to go down, but sometimes you have to take medicine to fix something.”

Fortune

Oil prices plummet as fears of global recession rise

OIL prices have dropped further as Donald Trump signalled he would push ahead with sweeping global tariffs, saying “you have to take medicine”…

The National (Scotland)

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International Business Times

'This Is Not What We Voted For': Bill Ackman Urges 90-Day Tariff Pause To Prevent Economic Crisis

Billionaire hedge fund investor Bill Ackman suggested that Trump consider a temporary break from the tariff strategy—a "90-day timeout"—to negotiate better trade deals to solve the "asymmetric tariff deals and induce trillions of dollars of new investment in our country."

Barchart

Stock Index Futures Tumble as Tariff Turmoil Deepens, U.S. Inflation Data and Big Bank Earnings Awaited

June S&P 500 E-Mini futures (ESM25) are down -3.29%, and June Nasdaq 100 E-Mini futures (NQM25) are down -3.81% this morning as worries over the economic fallout of U.S. President Donald Trump’s sweeping tariffs continue to weigh on sentiment.

Newslaundry

India paying price for Trump’s global disaster guided by fake expert

You know how conspiracy theorists believe there’s a secret cabal controlling the world economy? Turns out they may be kind of right – only the conspiracy’s stupider than they ever imagined.

Evening Standard

Roller coaster US stock markets fall heavily again amid Trump tariff chaos

Latest gyrations on Walls Street come after more than £80 billion wiped off London’s FTSE-100

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The Guardian - UK

Retaliation or restraint: how should Keir Starmer react to US tariffs?

Tit-for-tat levies on American goods may appeal to voters but would risk adding to UK’s economic headwinds

AAP

Don't be spooked by sliding super, funds warn members

Australians are being urged not to panic about their retirement incomes after Donald Trump's trade war sent global markets into a tailspin.

The Guardian - UK

Government will step in to support key industries amid tariff turmoil, says Starmer

Carmakers will be given more flexibility over targets on transitioning to electric vehicles

Al Jazeera

Over 50 countries seek US trade talks after tariffs: Trump officials

The tariffs have been widely criticised around the world for threatening to push the global economy into a recession.

The Independent UK

Ukraine will send a team to the US next week for talks on a new draft mineral deal

Ukraine's economy minister has told The Associated Press it will send a delegation to Washington next week for talks on a new draft of a proposed mineral deal with the U.S. The negotiations mark a renewed push to finalize an agreement that could establish a joint investment fund

The Conversation

Argentina’s Javier Milei is playing the democratic game, but using authoritarian tactics

Argentinian president Javier Milei promised radical changes before he came to power. Now, after just over a year in office, there are many signs that point to a relative improvement in the Argentinian economy.

International Business Times

Vietnam Seeks US Tariff Delay As Economic Growth Slows In First Quarter

Vietnam has asked for a last-minute delay to colossal tariffs imposed by Washington as government figures showed on Sunday that its economy grew at a slightly slower pace in the first quarter.

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