Trump's new tariffs are poised to hit an already-battered economy
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'Many countries will likely end up in a recession' thanks to US tariffs, warns Fitch's top US economist
"You can throw most forecasts out the door, if this tariff rate stays on for an extended period of time," wrote the Fitch economist.
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Mark Cuban suggests filling all your storage space with 'lots of consumables' from big box stores after Trump's tariff announcement
Cuban said retailers like Walmart "will jack up the price" on their goods and "blame it on tariffs."
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Trump's 'Liberation Day' tariffs hit remote Antarctic Islands only inhabited by penguins, sea birds, and seals
Trump imposed a 10% tariff on collection of remote Antarctic territories uninhabited by humans, home only to penguins and seals.
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Why Canada and Mexico are missing from Trump's tariff chart
Donald Trump's latest round of tariffs had two notable omissions: Mexico and Canada. But the two nations are still subject to pre-existing tariffs.
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Markets react to Trump's 'Liberation Day' tariffs as stocks plunge globally
US stock futures cratered after Trump unveiled his long-anticipated tariffs in an address at the White House Rose Garden on Wednesday.
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These 4 GOP senators voted to block Trump's Canada tariffs right after his 'Liberation Day' announcement
The Senate vote came just hours after Trump unveiled a host of new tariffs on what he dubbed "Liberation Day."
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Trump unveils his double-digit 'Liberation Day' reciprocal tariffs on China, Taiwan, and a slew of other key trading partners
President Donald Trump announced reciprocal tariffs and a 25% tariff on car imports on his much-anticipated "Liberation Day" tariff rollout.
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Another top bank is ringing the stagflation bell as tariff 'Liberation Day' nears
If the average tariff rate passes 20%, that could push the US into stagflation territory and give the economy a growth shock, Citi says.
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'Liberation Day' has arrived — and Americans are already feeling the pain
Trump previously warned that the US would feel "some pain" with tariffs. That pain is already here.
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How I used behavioral economics to buy my dream home
Redfin's chief economist on how she used behavioral economics to avoid the pitfalls of buying a house and find her dream home in Seattle.
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AOC wants to cap your credit card interest at 10%. A chart shows how current rates dwarf that amount.
A credit card interest rate cap proposed by Alexandria Ocasio-Cortez comes as APRs jumped to 21% last year.
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It's 'Liberation Day.' Here are all the tariffs Trump is threatening to impose.
Trump's "Liberation Day" for his new round of tariffs is here. Here's everything we know, including a possible raft of reciprocal tariffs.
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These 6 unusual signs might show we're headed toward a recession
Are we about to be in a recession? Here are some signs to look out for.
Democrats launch a new last-ditch effort to keep Biden's key student-loan repayment plan for 8 million borrowers alive
Sens. Jeff Merkley and Tim Kaine led an effort to strengthen and expand the SAVE student-loan repayment plan while the GOP tries to strike it down.
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Car buyers are trying to avoid Trump's tariffs by rushing to dealerships before prices go up
Car buyers are trying to get ahead of Wednesday's tariff by heading to dealerships now, a dealer and analysts said.
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One university town holds the key to solving America's housing shortage
Building more high-density apartment buildings can boost housing and lower home prices across a city. Cambridge, Massachusetts, is doing just that.
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MBAs are launching venture capital funds to back their classmates. Now, Harvard Business School has one, too.
Students in Harvard Business School's class of 2025 are backing each other with a new fund, Twenty25 Ventures.
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Goldman Sachs slashed its S&P 500 target again, with tariffs set to hit stock returns and economic growth
Goldman Sachs cut its S&P 500 target and raised its recession forecast. The bank now sees a 35% chance of a recession in the next 12 months.
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Elon Musk says it's 'very, very hard to start a business and have it succeed' at Wisconsin town hall
Elon Musk made the comments at a town hall in Wisconsin, where he's backing a conservative judge's campaign to win election to the state Supreme Court.
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Gen Z is facing a career apocalypse
Between tech layoffs and DOGE cuts, college students are running out of job prospects — and it could haunt them for years to come
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Most Americans say Trump isn't focused enough on lowering prices, survey finds
In a new CBS News/YouGov survey, 64% of respondents said Trump wasn't placing enough attention on lowering the cost of goods.
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Americans haven't been this freaked out about their jobs since the Great Recession
People are worried about their jobs and the impending threat of layoffs. That's bad news for consumer spending and the US economy.
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The history of universal basic income: The concept of UBI has been debated for centuries
From Founding Fathers to modern tech leaders, the idea of universal basic income has a long history. In fact, UBI has been debated for centuries.
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A woman who retired at 50 found it overrated, so she returned to work full-time running a cat grooming business
Susan Cesarini retired at 50 but unretired during the pandemic after losing her sense of purpose, opening a cat grooming business.
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Meet the movie theater superfans sick of inflation and making the most of a $20 subscription
AMC A-list is just one of many movie theater subscriptions fans are using to save money while seeing as many films as possible.
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I visited Social Security offices to see if there was any DOGE-fueled confusion
I visited 3 NYC Social Security offices and called the 1-800 number to see what it's like to seek customer service after Trump's cuts to the agency.
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Trump's auto tariffs are likely to hit an emerging Asian auto hub, showing there are risks for investors everywhere
In Thailand — a key auto hub — exports will be affected by the tariffs, said Finance Minister Pichai Chunhavajira.
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Europe says 'emerging threats' mean people should stockpile enough supplies for 72 hours. Here's what experts suggest.
The European Union is advising people to stockpile 72 hours' worth of emergency supplies due to "emerging threats." BI asked experts what they suggest.
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Check out how women have blown past men on 3 measures of entrepreneurship
Digital platforms have helped women start businesses. But growth for Black women is anticipated to slow down with cuts to DEI programs.
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A millennial making $280,000 secretly working 2 remote jobs says it's important to get in a rhythm: 'Burnout is real'
Two jobs help this millennial support his partner, contribute to his parents' mortgage, and assist his niece and nephew with their college tuition.
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Florida may abolish property taxes. Here's what they are in every state.
Homeowners facing ballooning property taxes aren't pleased. But the revenue is crucial for schools and other local government services.
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Here's what Elon Musk, the UAW and industry figures are saying about Trump's auto tariffs
Elon Musk said President Donald Trump's tariffs would have a "significant" impact on Tesla, while the UAW said it would help end the "race to the bottom."
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Trump escalates his trade war with new tariffs
Trump announced plans to impose sweeping 25% tariffs on cars from overseas, and markets aren't happy.
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Copper is worth way more in New York than in London — just like gold
President Donald Trump's tariff threats have sparked copper stockpiling in the US, widening a price divide between New York and London.
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A millennial couple who used IVF explain how they navigated the $18,000 bill and skepticism from family
Barrett and Shiraine McLeod told BI about their experience with IVF, how they covered the cost, and tips on navigating insurance.
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Stagflation fears are rising. Here's why one firm says it's an unlikely outcome for the economy.
"Energy price shocks tend to drive upside inflation shocks and right now, we don't have anything close to that," Sonu Varghese said.
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Student-loan borrowers can once again apply for affordable repayment plans after Trump took down online access
The Education Department said that while income-driven repayment applications were available, student-loan servicers wouldn't process them yet.
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9 weird recession indicators, from lipstick to snacks
Less formal indicators of a recession, from lipstick sales to diaper rashes, have persisted over decades even if their accuracy is dubious.
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Why an 89-year-old who retired just 2 years ago wishes he was still working
Richard Maas, 89, worked with cars for five decades and ran a company into his 80s. After retiring two years ago, he wants to return to work.
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Ray Dalio says he had a 'frank' discussion with the GOP about US debt and the 'mechanics behind how countries go broke'
Dalio said he had a "frank apolitical discussion" about the national debt with House Budget Chair Jodey Arrington and other Republicans
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Seniors are flooding AARP with concerns about their Social Security retirement benefits
As Trump's budget cuts hit the Social Security Administration, older Americans are reaching out to AARP to ask about their retirement benefits.
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Consumer sentiment is plunging. Wall Street sees a tired US shopper as a major risk to stocks.
The Conference Board's Consumer Confidence index hits its lowest level in four years this month. Forecasters see weaker spending hurting earnings this year.
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Social Security Administration commissioner nominee says he's 'never thought' about privatizing the agency
Democrats during a Senate hearing questioned Frank Bisignano about what they said are haphazard cost-cutting efforts by the White House DOGE office.
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An oil pumping station in Russia burned for a week after a drone strike. The company says it's affected shareholders.
A Russian oil pumping station burned for a week after a drone strike. CPC said oil transfer is halted, impacting its international shareholders.
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How tailored support and ambition are helping ethnic minority-led businesses export globally
A recent event hosted experts and entrepreneurs to discuss export financing support for ethnic minority-led businesses.
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Recession signs are flashing in 44 states as tariff risks and DOGE cuts threaten growth
Economist David Rosenberg told BI that "recession pressures are broadening," with unemployment up significantly in all but six states.
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Trump wants Ukraine's rare earth elements. Experts say he's overlooking a major issue.
With a US-Ukraine critical minerals deal on the horizon, rare earths experts are questioning how viable it actually is.
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$6 meals and food bank hauls: ALICEs on TikTok share their best tips for affording groceries
Parents told BI how they afford food for their families — through a combination of food bank hauls, cheap grocery trips, and government assistance.
6 min read