Small business optimism plunged in March before 'Liberation Day' tariff announcement
Small business owners were feeling significant uncertainty in March even before Trump's biggest tariff plans were announced.
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Trump economic officials revere billionaire Stanley Druckenmiller, but he says he does not support tariffs over 10%
The administration has disappointed Wall Street amid the stock market’s avoidable tailspin.
US small business confidence drops, economic outlook dims
The slide mirrored declines in both consumer and business confidence in other recent surveys. “The implementation of new policy priorities has heightened the level of uncertainty among small business owners over the past few months,” said NFIB Chief Economist Bill Dunkelberg. “Small business owners have scaled back expectations on sales growth as they better understand how these rearrangements might impact them.”
How the oil price plunge complicates Saudi Arabia's economic agenda
DUBAI (Reuters) -Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after a plunge in crude prices, complicating plans to fund an ambitious agenda to diversify its economy. Oil prices have tumbled to near four-year lows on fears a trade war will hit global growth and after a surprise decision by some OPEC+ oil producers, including Saudi Arabia, to boost their output plans. The price decline threatens to erase tens of billions of dollars of Saudi revenue, along with a planned drop in dividends from state-controlled energy giant Saudi Aramco.
Goldman Warns Oil Below $40 Is Possible in ‘Extreme’ Scenario
(Bloomberg) -- Goldman Sachs Group Inc. — fresh from cutting oil forecasts twice in a week — said Brent has the outside potential to fall below $40 a barrel under “extreme” outcomes as the trade war flares and supplies rise.Most Read from BloombergThe Irish Hot Press Is the Low-Tech Laundry Trick the World NeedsThis Skinny Mexico City Tower Is Just 14 Feet Wide on One SideHousing Agency Aims to Relocate Its DC HeadquartersBoston Mayor Wu Embraces Trump Resistance as Campaign Heats UpTrump Order
The trade war is clobbering energy markets, with oil hitting its lowest price in 4 years
Shares of oil companies have dropped sharply in recent days. Growth fears and expectations of more supply from OPEC+ are pressuring crude prices.
Stagflation is America's most 'optimistic scenario' at this point, former Fed president says
The US economy could be stuck in a tug-of-war that offers no good solutions for the Fed, as low growth and rising prices result in an era of stagflation.