Even good news about the economy is bad news now
CNN
The vibes and the data appear to be aligning for the US economy. Just not in a good way.
A year ago, America was in a vibecession. The economy was in great shape (with some caveats), but the mood was disproportionately lousy. Today, the vibes and the economic data appear to be aligning. Just not in a good way. The vibe check in 2025: In sum: The solid economy that President Donald Trump inherited is beginning to buckle under the weight of his tariff agenda, which has left businesses, consumers and investors paralyzed by uncertainty. Of course, Trump is eagerly taking credit for a handful of positive data points while blaming his predecessor for, or simply shrugging at, all the bad news. Mortgage rates have been steadily coming off their recent highs. Gas prices remain low, near $3 a gallon on average. Overall inflation, even on eggs, is cooling.
The Internal Revenue Service has been in a state of turmoil ever since members of the Department of Government Efficiency embedded in the agency during tax filing season — aka the IRS’ busiest time of the year.
The Voice of America may not live up to its ambitious name for much longer.
There will be more than 80 protests on Saturday and another 76 are already listed to take place through the end of April, according to the Tesla Takedown organizing website.
Workers thinking about criticizing their employer on social media might want to think twice.
When tech founders build products, they can’t always know what those tools will eventually become or how people will use them. That sentiment is echoed repeatedly by early Twitter employees in a new CNN documentary series about the social media company called “Twitter: Breaking the Bird.”
Imported wine and spirits encompass 35% of revenue of all US sales in the alcohol market, meaning that all aspects of cocktails and wines ordered at restaurants or purchased at retailers will “rise significantly” if the tariffs go into effect.
President Donald Trump launched some of his harshest attacks yet on the media on Friday, using a speech at the Department of Justice to baselessly accuse outlets including CNN of illegal and corrupt behavior.
US stocks rallied Friday as investors tried to stage a rebound to finish a rocky week, though all three major indexes were still on track to close the week in the red.
Gold prices reached $3,000 an ounce for the first time in history Friday, boosted by demand for safe-haven assets as investors fret about President Donald Trump’s tariffs and geopolitics.
The Trump bump in consumer sentiment is now a Trump slump.
On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda.
For craft brewers, an industry largely consisting of small businesses and where the product is made in steel plus packaged in aluminum, the newly applied tariffs are having a direct strike on their bottom lines.
President Donald Trump has said that automakers can avoid his tariffs by simply moving production to American plants. But it’s not that easy. Not by a long shot.