Economy

Donald Trump's new 10% global tariff comes into effect

US president had said he would raise levy to 15% after last week's supreme court ruling

‘We’re losing accessibility’: America says goodbye to the mass-market paperback

The so-called ‘pocket book’ sold in supermarkets is being phased out across the US, the latest sign of an ongoing shift in how people are choosing to read

Trump tariffs: what 'powerful' trade weapons are at the US president's disposal?

A 10% levy has been put in place, but the US leader has other economic 'bazookas' he can fire in his trade battle.

We're buying 2 stocks in the beat-up financial sector

Bank stocks are getting unfairly clobbered by fears of AI disruption.

Biggest risk to the economy now? Goldman says it's a stock market correction

U.S. economist Pierfrancesco Mei worries that a 10% stock market pullback in the first half could cut GDP growth by half a percentage point, in one scenario.

From Jamie Dimon’s ‘cockroaches’ to the Blue Owl freeze: How stress is spreading in private credit

Private credit's meteoric rise to a roughly $3 trillion cornerstone of global finance was fueled by demand for lending outside the traditional banking system.