Connect with us

Economics

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

Published

on

JPMorgan Chase CEO Jamie Dimon said Wednesday he sees the U.S. economy likely headed to recession as President Donald Trump’s tariffs roil financial markets.

With the trade war between the U.S. and China intensifying, stocks and bonds sold off aggressively again in morning trade. Stock market futures slumped and bond yields spiked amid concerns over financial and economic stability brought on by the tit-for-tat exchange between the two nations.

“I think probably that’s a likely outcome, because markets, I mean, when you see a 2000-point decline [in the Dow Jones Industrial Average], it sort of feeds on itself, doesn’t it,” Dimon said on Fox Business’ “Mornings With Maria” show. “It makes you feel like you’re losing money in your 401(k), you’re losing money in your pension. You’ve got to cut back.”

This is breaking news. Please refresh for updates.

Economics

America’s left protests against Donald Trump

Published

on

SOME CALIFORNIANS spent much of the weekend stuck in traffic on the way to Coachella, a music festival in the desert. But near City Hall in downtown Los Angeles on April 12th, a very different kind of concert unfolded. Bernie Sanders, a senator for Vermont and two-time Democratic presidential candidate, and Alexandria Ocasio-Cortez, a congresswoman for New York, headlined a “Fighting Oligarchy” rally, which seemed suspended somewhere between 1968 and 2025. A grey-haired Joan Baez told the crowd that she “ain’t gonna let those lousy billionaires turn me around”. Neil Young urged everyone to “take America back!” When they weren’t booing President Donald Trump or Elon Musk, attendees swayed to Maggie Rogers, a singer who best summed up the event. “Welcome to Berniechella,” she told the crowd of 36,000.

Continue Reading

Economics

America’s left protests against Donald Trump

Published

on

SOME CALIFORNIANS spent much of the weekend stuck in traffic on the way to Coachella, a music festival in the desert. But near City Hall in downtown Los Angeles on April 12th, a very different kind of concert unfolded. Bernie Sanders, a senator for Vermont and two-time Democratic presidential candidate, and Alexandria Ocasio-Cortez, a congresswoman for New York, headlined a “Fighting Oligarchy” rally, which seemed suspended somewhere between 1968 and 2025. A grey-haired Joan Baez told the crowd that she “ain’t gonna let those lousy billionaires turn me around”. Neil Young urged everyone to “take America back!” When they weren’t booing President Donald Trump or Elon Musk, attendees swayed to Maggie Rogers, a singer who best summed up the event. “Welcome to Berniechella,” she told the crowd of 36,000.

Continue Reading

Economics

Checks and Balance newsletter: Can anyone predict Trump’s next move?

Published

on

Checks and Balance newsletter: Can anyone predict Trump’s next move?

Continue Reading

Trending