According to the Treasury Department’s monthly report on spending and tax revenue, the U.S. Federal government is still very much on track to finish the fiscal year with more than two trillion dollars in new debt.
The latest data shows a split in U.S. trucking volumes since the tariffs were announced early this month, with certain regions and sectors performing significantly better than the others.
Chamath Palihapitiya criticized Nvidia for circumventing U.S. export controls, enabling China to access advanced AI chips, and warned that the company's actions could undermine U.S. interests.
The preference stems from expectations that consumer staples are more resilient to market headwinds and will benefit from swift economic stimulus in their home countries.
The world's second-largest economy also cautioned that once international trade returns to the "law of [the] jungle," no one will be immune, and the "strong will prey on the weak."
Ford has reportedly stopped some exports to China, while GM’s extremely popular Buick SUVs are likely to see a severe hit. Volvo, meanwhile, is resorting to layoffs in America.
The week's key economic catalysts include a deluge of speeches by Fed officials, the weekly jobless claims data, preliminary private sector activity readings, and a preliminary consumer sentiment reading for April.
El Salvador’s president, Nayib Bukele, proposed a prisoner exchange with his Venezuelan counterpart, Nicolas Maduro, on Sunday, aiming to repatriate Venezuelan deportees from the U.S. in exchange for “political prisoners” held in the South American country.
Eventually, the incoming ‘data’ will tell you something. But only when it is too late. And now if Trump’s tariffs are implemented, we will wait for the data to tell us what we knew all along.
The 2025 White House Easter Egg Roll will feature sponsored activities from Meta, Amazon, and YouTube, with President Trump promoting the event and encouraging attendance.
We’re about to get our first real tremors in the data tape — those subtle but telling cracks that remind everyone just how real the Washington tariff shock is about to get.
Lee-Anne Mulholland, Alphabet's VP of Regulatory Affairs, slammed the DOJ lawsuit as a "backward-looking case" coming at a time of intense competition when new services such as OpenAI's ChatGPT and foreign competitors such as DeepSeek were thriving.
President Donald Trump's Easter messages on Sunday stirred controversy as they shifted from traditional holiday greetings to sharp political attacks on Joe Biden, judges, and the 2020 election.
The president of the Chicago Federal Reserve said the auto industry is one of the sectors most likely to fill inventories before new tariffs take effect.
