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YOU WONT BELIEVE: 36 - You Need To See This

Tariffs could increase tech prices by up to 70% and reduce GDP by $69 billion according to CTA report

U.S. tariffs enacted in April could raise tech product prices by 11% to 70%, slash consumer spending by $123 billion annually, and reduce GDP by $69 billion, according to a Consumer Technology Association report.

Tom’s Hardware

Dollar Falls and Gold Soars on US Trade Uncertainty

Dollar Falls and Gold Soars on US Trade Uncertainty

The dollar index (DXY00 ) Tuesday fell by -0.57%. The dollar was under pressure Tuesday because of concerns that US trade policies will lead to economic stagflation. Losses in the dollar accelerated after the US Mar trade deficit widened to a record high, a bearish factor for Q1 GDP. The...

Dollar Under Pressure and Gold Soars from US Trade Policies

Dollar Under Pressure and Gold Soars from US Trade Policies

The dollar index (DXY00 ) today is down by -0.49%. The dollar is under pressure today because of concerns that US trade policies will lead to economic stagflation. Losses in the dollar accelerated after the US Mar trade deficit widened to a record high, a bearish factor for Q1 GDP....

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Trump’s New Budget Slashes $163 Billion in Non-Discretionary Defense Spending to Lowest Level Since the 1960s

President Trump’s $1.7 trillion budget proposal slashes domestic spending to its lowest share of GDP since the 1960s while prioritizing military, border security, and a sweeping tax reform agenda.

Brussels sticks to €650bn defence spending estimate despite slow uptake of offered fiscal leeway

The €650 billion estimate it put forward in March, the Commission's spokesperson said on Friday, "is a ballpark figure, it's based on a set of assumptions".

Elon Musk's Grok AI Goes Against Trump's Hardline Immigration Policies

The AI founded by Tesla CEO Elon Musk provided a surprising answer to a user's question regarding the best policy for undocumented migrants in the U.S.

Whether GDP swings up or down, there are limits to what it says about the economy and your place in it

The Bureau of Economic Analysis released the latest U.S. gross domestic product data on April 30. In the first three months of 2025, it said, GDP contracted by 0.3%. The GDP growth rate captures the pace at which the total value of goods and services grows or shrinks. Together with…

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Companies are rushing to ship goods into the US ahead of tariffs. It’s masking the economic cliff

Companies are rushing to ship goods into the US ahead of tariffs. It’s masking the economic cliff

The U.S. GDP shrank in the first quarter, reflecting the import surge

The Independent UK

Sixteen EU countries to trigger clause increasing defence spending

Sixteen EU countries to trigger clause increasing defence spending

The 27-member bloc is allowing member states to spend up to 1.5% of their GDP on defence over the next four years without the usual budgetary limits.

Stocks are ignoring that terrifying U.S. GDP report as retail investors buy the dip

Stocks are ignoring that terrifying U.S. GDP report as retail investors buy the dip

Buying momentum continued in Asia and European stock markets today, and S&P futures were priced up this morning.

Dave Portnoy isn’t buying Trump’s efforts to squirm out of responsibility for his bad GDP figures

Dave Portnoy isn’t buying Trump’s efforts to squirm out of responsibility for his bad GDP figures

U.S. Commerce Department data shows that the nation's GDP fell at an annualized rate of 0.3 percent during the first quarter of 2025

The Independent UK

Weak Stocks Boost Liquidity Demand for the Dollar

Weak Stocks Boost Liquidity Demand for the Dollar

The dollar index (DXY00 ) Wednesday rose by +0.24%. Wednesday’s stock slump boosted liquidity demand for the dollar. Also, Wednesday’s news that showed the Q1 core PCE price index rose more than expected is hawkish for Fed policy and dollar supportive. The dollar fell back from its best levels on...

Top Trump Advisor Mocked for Celebrating 'Shriveling GDP' by 'Stripping Out' Negative Effects of Tariffs

Top Trump Advisor Mocked for Celebrating 'Shriveling GDP' by 'Stripping Out' Negative Effects of Tariffs

Trump counselor Peter Navarro is being mocked online after commenting on the United States' withering GDP, stating that the number is actually growing if you discount the impact of the Trump administration's tariff implementation.

May Fed Meeting: Updates and Commentary

May Fed Meeting: Updates and Commentary

The May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty.

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Stocks stumble as GDP news stokes recession fears and Trump puts blame on 'Biden's stock market

Dow falls more than 750 at one point.

Evening Standard

Onshore GDP shrunk 0.2% in February, figures show

The largest negative contribution was in the ‘information and communications’ sector of the economy.

Eurozone GDP beats expectations with 0.4% growth in first quarter

The eurozone economy grew 0.4% in Q1 2025, doubling the previous quarter's pace and beating forecasts. Ireland led growth, followed by Spain, while Germany rebounded.

S&P Futures Slip With U.S. GDP and PCE Inflation Data in Focus, Microsoft and Meta Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.30% this morning as investors cautiously await a barrage of U.S. economic data, including the Fed’s favorite inflation gauge and the first estimate of first-quarter GDP, as well as earnings reports from “Magnificent Seven” companies Microsoft and Meta.

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The Guardian - UK

Trump claims shrinking US economy ‘nothing to do with tariffs’ as GDP drop raises risk of recession – as it happened

US on brink of ‘Trumpcession’ after jump in imports weighs down GDP… US president blames predecessor

International Business Times

US Growth Figure Expected To Make For Tough Reading For Trump

US GDP figures for the first quarter are expected to show a sharp drop-off in growth -- and possibly even a recession -- reflecting a surge in imports before President Donald Trump's sweeping tariffs came into effect.

The Guardian - UK

HSBC sets aside more cash for bad loans amid Trump tariff war

UK-based bank warns that trade tensions will lead to lower investment, consumer spending and GDP growth

Stocks Set for Muted Open as Investors Await Key U.S. Economic Data and Big Tech Earnings, Trade Talks in Focus

June S&P 500 E-Mini futures (ESM25) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.16% this morning as investors look ahead to earnings reports from some of the biggest tech heavyweights as well as key economic data, including the jobs report, the Fed’s favorite inflation gauge,…

Week ahead: Eurozone inflation, Apple and Meta earnings in focus

It is set to be a busy week for financial markets, with key economic data, including the eurozone’s flash inflation figures for April and the US non-farm payrolls, due for release. Additionally, big tech earnings, particularly Apple’s quarterly results, will be closely watched.

The Guardian - UK

UK growth forecast to slow sharply as Trump tariffs push confidence to record low

EY Item Club predicts GDP of only 0.8% this year as Ipsos poll shows three-quarters of Britons expect economy to get worse

Evening Standard

US tariffs threaten to derail UK economic growth, EY warns

EY said it was now expecting UK GDP to grow by 0.8% this year, down from the 1% growth projected in February.

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