Trump economic team’s effort to calm recession fears falls flat
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Larry Summers: Odds of a recession 'close to 50/50'
Former Treasury Secretary Larry Summers said Monday that the odds of a recession are “close to 50/50.” “I told [Kasie Hunt] @CNN today, I think there is a real possibility of a recession,” Summers ...The Hill - Mar. 11 -
Treasury Sec. Bessent: ‘There are no guarantees’ that there won’t be a recession
In an exclusive interview with Meet the Press, Treasury Sec. Scott Bessent reacts to fears of a recession happening as the Trump administration enacts sweeping tariffs on U.S. trading partners.NBC News - 2d -
Former Treasury secretary on Trump's tariffs: 'People are overreacting a bit'
Former Treasury Secretary Steve Mnuchin believes that the economy is not in trouble and that people are overreacting to the new administration's policy changes.The Hill - 6d -
Markets plummet after Trump doesn't rule out recession
Markets plummeted Monday as investors expressed fear of an economic slowdown. In an interview that aired Sunday, President Trump was asked point blank if he's expecting a recession this year, and ...CBS News - Mar. 10 -
Former Treasury Secretary Steven Mnuchin says 'people are overreacting a bit' to Trump's policies
Former Treasury Secretary Steven Mnuchin said Wednesday he believes “people are overreacting a bit” to the policy changes from the current Trump administration.NBC News - 6d -
IRS to pause modernization efforts under Trump
The Internal Revenue Service (IRS) is pausing the operational overhaul it started during the Biden administration and is set to make changes to its workforce, senior Treasury Department officials ...The Hill - 4d -
White House says U.S. is in 'period of economic transition' amid recession fears
White House press secretary Karoline Leavitt told reporters that the U.S. economy was in a "period of economic transition" and criticized the economic policies of the Biden administration amid ...NBC News - Mar. 11 -
Dow falls almost 900 points as Trump declines to rule out possible recession
CNBC Senior Markets Correspondent Bob Pisani reports from the New York Stock Exchange on the market sell-off. NBC News Correspondents Kelly O’Donnell, Brian Cheung and Jay Gray discuss the fears ...NBC News - Mar. 10 -
Would Trump Risk a Recession?
The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.The New York Times - Mar. 10
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Investors are on edge about potential changes to the Fed’s balance sheet plan
Financial markets are not just focused on what the Federal Reserve says about the future path of interest rates on Wednesday. The markets are also on alert for changes to the Fed’s ongoing runoff ...MarketWatch - 5h -
What happens to gift cards when a chain like Forever 21 or Joann closes stores? Here’s what shoppers can do.
Fabrics giant Joann is closing, and the store has stopped taking gift cards — upsetting many customers. Here’s what shoppers should know.MarketWatch - 6h -
Tesla’s stock gets its lowest price target from a bull. It still implies 39% upside.
RBC Capital Markets cut Tesla’s expected price mark to $320 from $440 on lower projections for robotaxi and self-driving software.MarketWatch - 7h -
Trump’s reciprocal tariffs could bring stagflation — and deflate his support
Trump campaigned on bringing prices down. If tariffs spike inflation and slow U.S. growth, his popularity could suffer.MarketWatch - 7h -
Intel’s stock is on a 5-day hot streak — but it’s still below last month’s highs
Despite excitement over Intel’s new CEO, shares are still below the company’s year-to-date highs — in February, when investors were expecting an imminent breakup.MarketWatch - 7h
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How 3D-printing 'microfactories' can transform plastic waste into brand new products
A new era of 3D-printing "microfactories" is helping to turn waste plastics into "highly competitive" products fit for use in the construction industry.CNBC - 18m -
How 3D-printing 'microfactories' can transform plastic waste into brand new products
A new era of 3D-printing "microfactories" is helping to turn waste plastics into "highly competitive" products fit for use in the construction industry.CNBC - 18m -
Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.CNBC - 18m -
Bank of England expected to keep rates on hold amid headwinds it can't fully predict or control
The Bank of England is widely expected to hold interest rates when it meets on Thursday, as the U.K. faces economic headwinds both at home and abroad.CNBC - 18m -
China is tackling weak consumption with child care subsidies
Among the top five priorities China has laid out for boosting consumption is child care subsidies.CNBC - 25m