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YOU WONT BELIEVE: 61 - What They Never Told You

Trump-Amazon spat: What happened and how much US consumers import online

The White House criticised Amazon after a report said it planned to inform customers how much tariffs will cost them.

Al Jazeera

You Will Work in the Factory and You Will Like It

Plus: Amazon vs. Trump, RFK Jr. gets in trouble, and more...

Reason

US economy shrinks in first quarter of Trump 2.0 amid sweeping tariffs

Drop comes amid a huge fall in consumer sentiment, which in April dropped 32% to lowest level since 1990 recession

The Guardian - US

From analysis to the latest developments in health,
read the most diverse news in one place.

After 100 days, Trump has destroyed Trumpism

The president’s approach: tackle problems that don’t exist via policies that won’t work

The Guardian - US

Financial Markets May Be The Last Guardrail On Trump

Since returning to the White House, Donald Trump has ushered in sweeping changes to international geopolitics and US government administration with little regard for norms that have constrained predecessors.

International Business Times

Trump Wants Lower Interest Rates. The Market Disagrees.

Even if the Fed tried to cut rates, inflation, investor reluctance, and a $25 trillion borrowing spree could keep them elevated for years.

Reason

A Trump-induced interest rate cut won’t actually lower mortgage rates

“The president putting this pressure on the Fed would not actually achieve his goal, if his goal is lower mortgage rates,” said Chen Zhao, Redfin economics head.

Fortune

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Markets notch small gains as tech stocks jump and Trump delivers mixed signals on tariffs

President Donald Trump said he’s made “200 deals” on tariffs but declined to say with whom.

Fortune

How Project 2025 became the blueprint for Donald Trump’s second term

Throughout the 2024 presidential election campaign, Donald Trump denied claims he intended to shape his second administration’s policies around Project 2025, the Heritage Foundation’s blueprint for a renewed conservative America. But despite his repeated denials, Trump 2.0 has adopted much of Project 2025 into the White House’s agenda.

The Conversation

Bitcoin hovers above $90,000 as Trump backs off Powell and trade talks advance

The crypto market has made gains this week with Solana adding 14% and XRP adding 5%.

Fortune

Women Face Higher Risks of Missing Retirement Goals Amid Trump's Tariff-induced Market Turmoil

Women earn much less than men and face challenges in saving money adequately while managing caregiving responsibilities. A market crash triggered by Trump's tariff play and federal changes is adding to these existing problems.

International Business Times UK

Trump’s ‘art of the retreat’ may signal he’s setting Powell up to take the fall for economic turmoil

Trump’s tactical retreat on key points like Fed Chair Powell and trade negotiations with China signals a change within the White House—potentially lining up a scapegoat if its policies fall flat.

Fortune

Trump tariffs: President vents at China over Boeing as Beijing denies claims of trade deal talks

Beijing called claims of trade talks ‘groundless as trying to catch the wind’ and having ‘no factual basis’ as Trump insisted they were happening

The Independent UK

Americans Wary Of Trump's Economic About-faces

President Donald Trump's various U-turns are leaving Americans disillusioned -- especially after he was elected on vows of guaranteeing economic prosperity.

International Business Times

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Euronews

Wall Street rally falters as Trump sends mixed tariff signals

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

The Independent UK

Trumpworld talks out of both sides of its mouth on tariffs and trade

Analysis: Trump’s tariffs might upset the tummy of Wall Street. But its the inconsistency that will give investors heartburn

The Independent UK

Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

International Business Times

Trump Seeks 'Fair Deal' With China But Pathway Unclear

US President Donald Trump on Wednesday played up prospects of a "fair deal" on trade with China, but his top officials offered few details of how Washington might de-escalate its damaging tariff war with Beijing.

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International Business Times

Trump Reportedly Considering Tariff Exemptions For Some US Automakers In Latest Reversal To Rattle Markets

It's already experienced a wild week on Wall Street -- and it's only Wednesday. And the markets could be in for another ride Thursday amid reports of another reversal by President Donald Trump.

Kiplinger

Stock Market Today: Trump Retreats, Markets Rejoice

Stocks rally, yields soften, the dollar rises, and even beaten-down names enjoy the wages of potential trade peace.

Evening Standard

Americans losing faith in ‘erratic’ Trump on tariff-hit economy as poll finds three quarters fear recession

But he is still more popular than Joe Biden, according to Ipsos survey

Evening Standard

FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

The Guardian - US

Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors

The Guardian - UK

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

Fortune

Richard Branson says Trump’s tariffs messed up a promising economy: ‘Everything was going so bloody well up to about three months ago’

The billionaire entrepreneur sees Trump’s hard-line trade policies as reflecting the views of a “fairly small elite [group] of people around” him.

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