Economy

Trump’s new tariffs may boost his ego – but they’ll damage the economy

The US president’s plan will hurt consumers, companies and the stock market, as well as relations with other countries

Workers at top 20 US low-wage firms rely on public assistance, report says

Exclusive: study finds workers at 20 S&P 500 firms rely on Medicaid and Snap as CEO pay and buybacks soar

Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year

The Supreme Court last month ruled that President Donald Trump's sweeping global tariffs are not authorized under the law known as IEEPA.

Sportswear giant Adidas drops 8% after profit guidance disappoints

Adidas shares have fallen about 43% over the past year as investors remain skeptical about the growth prospects of the global sportswear industry.

New Conflict In Iran Sends Gold, Silver, & Oil Prices Up Worldwide, “During Times Of War & Conflict, This Is What Precious Metals Do!”

Renowned economist Kirk Elliott reveals how he believes big banks are attempting unwind their remaining naked short positions in silver, sending the price down, but not for long!

£25 for a cookie? What the baffling luxury bakery boom tells us about Britain

Amid a cost of living crisis, pricey patisserie is all the rage – and not just in London. Our reporter goes on a crawl to find out if a tart can really be worth £45

Goldman's David Solomon Surprised by ‘Benign’ Market Reaction to Iran War

Goldman chief David Solomon said, 'I think it's going to take a couple of weeks for markets to really digest the implications of what's happened.'

UAE stocks sell off as markets reopen from two-day closure after Iranian strikes

Exchanges in Dubai and Abu Dhabi were closed for two days after Iran launched a wave of strikes on the Gulf nation.

European markets finish higher as traders track Middle East turmoil

European stocks closed higher on Wednesday as markets continue to track developments in the Middle East.

Middle East conflict offers economic lifeline to Russia’s flagging war machine

With much of the world’s oil supplies out of action, Russia could step in to meet demand in China and India

Emerging market debt offers higher yield and diversification

Investors can diversify their fixed income portfolio with emerging market debt exposure, but the sector comes with several risks.

Iran Has Largely Halted Oil and Gas Exports Through Strait of Hormuz

At least four tankers have been struck by drones and maritime traffic has dropped by 80%, reports say