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Trump gripes about interest rates and says Fed Chair Powell’s ‘termination cannot come fast enough’

WASHINGTON (AP) — President Donald Trump slammed Federal Reserve Chair Jerome Powell on Thursday, reiterating his frustration that the Fed has not aggressively cut interest rates and saying that the central bank leader’s “termination cannot come fast enough.” Trump hinted at moving to fire Powell, ...
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IMF expects ‘notable markdowns’ in growth forecasts, but no global recession

WASHINGTON (Reuters) – Rising trade tensions and sweeping shifts in the global trading system will trigger downward revisions of the IMF’s economic forecasts but no global recession is expected, IMF Managing Director Kristalina Georgieva said on Thursday. Georgieva said countries’ economies ...
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Lockheed Martin CFO Malave departs, insider Scott takes over

(Reuters) -Lockheed Martin on Thursday announced the departure of its finance chief, Jesus Malave, and named longtime insider Evan Scott as his successor, effective immediately. Evan previously held the role of treasurer and CFO of the U.S. defense company’s two different business areas during his ...
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PIMCO bearish on dollar, Treasuries as US safe-haven status wavers

By Davide Barbuscia NEW YORK (Reuters) – U.S. bond giant PIMCO said protectionism in U.S. trade policy strengthened the case for dialing down exposure to the U.S. dollar and Treasury bonds, while greater reliance on foreign bond markets had become more ...
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Spirit Airlines appoints Sun Country executive Dave Davis as new CEO

(Reuters) -Spirit Airlines on Thursday appointed Dave Davis as its new chief executive officer, weeks after the U.S. discount carrier emerged from bankruptcy and reconstituted its board. Davis, joining from rival Sun Country Airlines where he was the finance chief since 2018, will be tasked ...
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ECB cuts rates, promises agility in face of trade war uncertainty

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up a struggling euro zone economy that is facing further pressure from U.S. ...
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Trump says hes eager for Fed Chair Jerome Powells termination

(WASHINGTON) -- President Donald Trump on Thursday sharply criticized Federal Reserve Chair Jerome Powell, urging the central bank to lower interest rates and saying Powell’s “termination cannot come soon enough.”It was not clear whether Trump’s comments indicated a desire to remove Powell from his ...
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US jobless benefit claims fall last week as labor market remains strong despite recession fears

WASHINGTON (AP) — U.S. applications for jobless benefits fell again last week as the labor market continues to hold up despite fears of a tariff-induced recession. Jobless claim applications fell by 9,000 to 215,000 for the week ending April 12, the Labor Department said Thursday. ...
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European Central Bank cuts interest rates for the seventh time as global trade tensions escalate

FRANKFURT, Germany (AP) — The European Central Bank cut interest rates Thursday for the seventh time to counter worries about economic growth fueled by President Donald Trump’s tariff onslaught. The bank’s move should support economic activity in the 20 countries that use the euro currency ...
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Turkey’s central bank hikes key interest rate to 46% amid political turmoil and global tariffs

ISTANBUL (AP) — Turkey’s central bank raised its key interest rate by 3.5 percentage points on Thursday, halting a three‑month easing streak as it confronts stubborn inflation, financial turbulence following the arrest of Istanbul’s mayor and aftershocks of global tariffs. The Monetary Policy Committee lifted ...
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ECB cuts rates again to help economy weather erratic U.S. trade policy

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a large hit from U.S. tariffs.  The ECB has ...
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US single-family housing starts tumble to an eight-month low in March

WASHINGTON (Reuters) – U.S. single-family homebuilding plunged to an eight-month low in March and could decline further as tariffs on imported materials raise costs and offset declining mortgage rates. Single-family housing starts, which account for the bulk of homebuilding, dropped ...
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