U.S. crude oil falls below $60 a barrel to lowest since 2021 on tariff-fueled recession fears
U.S. oil prices dropped below $60 a barrel on Sunday...
U.S. oil prices dropped below $60 a barrel on Sunday on fears President Donald Trump’s global tariffs would push the U.S., and maybe the world, into a recession.
Futures tied to U.S. West Texas intermediate crudefell more than 3% to $59.78on Sunday night. The move comes after back-to-back 6% declines last week. WTI is now at the lowest since April 2021.
Worries are mounting that tariffs could lead to higher prices for businesses, a slowdown in economic activity that would ultimately hurt demand for oil.
Dow, S&P 500, Nasdaq on track for Monday plunge after last week's tariff-induced rout
U.S. stock-index futures fell sharply Sunday night, pointing to a painful start...
U.S. stock-index futures fell sharply Sunday night, pointing to a painful start to the week on Wall Street after last week's historic selloff sparked by President Donald Trump's tariff measures.
Bill Ackman warns of ‘economic nuclear winter,’ urges 90-day timeout on tariffs
The country is 100% behind the president...
The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.
President @realDonaldTrump has elevated the tariff issue to the most important geopolitical…
Brookfield reaches $9B deal to acquire Colonial Pipeline
Brookfield Infrastructure has agreed to purchase Colonial Pipeline, the...
Brookfield Infrastructure has agreed to purchase Colonial Pipeline, the largest US fuel delivery system, in a roughly $9 billion deal that includes debt and is expected to close in late 2025. The transaction includes Shell's $1.45 billion stake in the system and follows a months-long auction by the pipeline's five owners.
The job market was stronger than expected last month
US employers ...
US employers added 228,000 jobs in March, data released yesterday by the Labor Department shows. That’s a much better showing than economists expected, demonstrating the continued resilience of the labor market. However, unemployment also ticked up to 4.2%, compared to 4.1% in February. And those numbers represent an economic picture from before President Trump’s announcement this week of a minimum 10% tariff on all US trading partners, and much higher ones on many other countries, raising fears of a possible recession.
