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US economy shrinks 0.3% in Q1 as Trump tariffs kick in

Trump has signed executive orders to relax some of his 25% tariffs on automobiles and auto parts, as the import taxes threatened to hurt domestic manufacturers.

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years.(REUTERS)
Published on Apr 30, 2025 08:28 PM IST
AP |

US retail sales surge 1.4% in March, driven by auto sector amid tariff concerns

Tariffs were likely top of mind for consumers, whose spending at motor vehicles and parts dealers rose 5.3 percent from a month earlier.

Overall sales grew 1.4 percent last month to $734.9 billion, the commerce department said in a statement. That was slightly above market expectations of a 1.3-percent rise, according to Briefing.com.(Bloomberg)
Updated on Apr 16, 2025 06:29 PM IST
AFP |

Forget markets, here are 8 other early indicators that may predict a recession

Brothels, beer, lipstick, and other unconventional indicators can be surprisingly accurate in showcasing how the economy is doing.

This discussion was initially sparked by Catherine De Noire, who is a manager of a legal brothel, a Ph.D. candidate in organizational psychology, as well as an influencer, who said that business at her brothel unexpectedly dipping is usually a sign that the economy is in trouble.(Representational Image/Unsplash)
Published on Apr 10, 2025 10:09 AM IST

US consumers remained cautious about spending last month as inflation ticked higher

US consumers remained cautious about spending last month as inflation ticked higher

US consumers remained cautious about spending last month as inflation ticked higher
Updated on Mar 28, 2025 07:33 PM IST
AP |

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate

U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
Published on Mar 27, 2025 06:34 PM IST
AP |
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