GENEVA (Reuters) -Global economic growth could slow to 2.3% as trade tensions and uncertainty drive a recessionary trend, the UN Trade and Development (UNCTAD) agency said on Wednesday. "Global growth is projected to slow to 2.3% in 2025, placing the world economy on a recessionary path," UNCTAD said, citing a report it published on the trade and development outlook for this year. The global economy grew 2.8% in 2024, it said.
In a fog of uncertainty, Fed policy storm could be approaching
U.S. Federal Reserve officials, in agreement that President Donald Trump's tariffs have unmoored their sense of the economy's direction, may face an intense internal debate about the right monetary policy response, including balancing any conflicts between their inflation and employment goals. In the weeks since Trump announced then paused a stiff set of global import taxes, Fed officials including Chair Jerome Powell have acknowledged they may be forced to choose between ensuring inflation stays controlled as tariffs potentially drive prices higher or focus on supporting jobs with growth seen weakening in the face of widespread household and business uncertainty and softening demand. That fork in the road may be weeks or months in arriving, allowing the Fed for now to continue with interest rates where they are until it is clear what Trump finally decides and what impact it will have on jobs, prices and the outlook.
Best money market account rates today, April 16, 2025 (Secure up to 4.41% APY)
Looking for the best money market account interest rates available today? Here’s a look at where to find the highest rates and whether now is a good time to open a money market account.
Indexes drop as Fed's Powell says growth appears to be slowing; Nvidia tumbles
NEW YORK (Reuters) -U.S. stocks ended sharply lower on Wednesday as Nvidia warned about steep charges from new U.S. curbs on its chip exports to China and Federal Reserve Chair Jerome Powell said U.S. economic growth appears to be slowing. Powell, in remarks for the Economic Club of Chicago, said larger-than-expected tariffs likely mean higher inflation and slower growth. The Fed chair's afternoon comments sparked further selling in stocks, which had already been under pressure from a sharp drop in shares of Nvidia and other chipmakers.
Corporate insiders flash bullish stock sign by buying into rout
(Bloomberg) -- Beleaguered stock bulls are getting an encouraging sign from the people who know the companies best.Most Read from BloombergHow Did This Suburb Figure Out Mass Transit?Trump Signs Executive Orders on Federal Purchasing, Office SpaceLA County Floats Leaner Budget Burdened by Fire and Legal CostsCorporate insiders scooped up shares of their own companies at the fastest pace in 16 months as the S&P 500 sank in March, and they kept buying at an elevated clip as the rout accelerated th
Will DOGE Take a Bite Out of This Spy Firm’s Stock? That’s Classified
The secretive nature of Booz Allen’s government work makes it nearly impossible for investors to gauge how federal cutbacks will affect the business.
Winners And Losers Of Q4: Genco (NYSE:GNK) Vs The Rest Of The Marine Transportation Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Genco (NYSE:GNK) and its peers.
3 Reasons LFST is Risky and 1 Stock to Buy Instead
LifeStance Health Group trades at $6.79 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 7.1% while the S&P 500 is down 8.3%. This may have investors wondering how to approach the situation.
Winners And Losers Of Q4: IAC (NASDAQ:IAC) Vs The Rest Of The Digital Media & Content Platforms Stocks
Let’s dig into the relative performance of IAC (NASDAQ:IAC) and its peers as we unravel the now-completed Q4 digital media & content platforms earnings season.
Q4 Earnings Outperformers: Veeva Systems (NYSE:VEEV) And The Rest Of The Vertical Software Stocks
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Veeva Systems (NYSE:VEEV) and the best and worst performers in the vertical software industry.