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The Blackstone President believes the economy is more resilient and that a faster resolution to the ongoing trade tensions can make the slowdown shallower.
Rogoff wrote in The Economist that President Donald Trump’s trade policies may ultimately erode America’s global standing, and recommended beginning a course correction by removing trade adviser Peter Navarro.
The visit marks Canadian Prime Minister Mark Carney’s first in-person meeting with U.S. President Donald Trump since winning the April 28 federal election.
Fraser’s comments come as multiple companies have either withdrawn their full-year guidance or reduced their forecasts due to macroeconomic uncertainty.
The Federal Reserve is expected to hold interest rates steady, even as President Donald Trump continued to pressure Chair Jerome Powell last week to slash the rates amid rising trade-related risks.
Buffett said the fiscal policy of the U.S. scares him because it's made the way it is and all the motivations are to doing a lot of things that can cause trouble with money.
Apple and Amazon stocks traded in the red pre-market despite upbeat earnings after citing concerns about the impact of Trump’s tariffs on their financial results.
The spotlight will likely be on the April non-farm payrolls report. Economists, on average, expect 133,000 job gains for the month, notably slower than the 228,00 pace for March.
China’s spokesperson said if the U.S. wants to talk, it has to show sincerity and be prepared to correct its wrong practices and cancel the unilateral tariffs.
Gold prices extended their slide on Thursday, trading at around $3,220 per ounce during pre-market hours, as traders welcomed signs of progress in trade talks between the U.S. and countries facing President Trump's hefty tariff hikes.
White House trade adviser Peter Navarro downplayed the first-quarter GDP contraction, calling it the “best negative print” he’s seen and attributing the dip to a surge in pre-tariff imports rather than underlying economic weakness.
