US stocks dragged down by weak earnings as economy stumbles
S&P 500 down 2% and on course to end six-day winning streak
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U.S. economy shrank 0.3% in the first quarter as Trump policy uncertainty weighed on businesses
Gross domestic product was expected to rise at a 0.4% annualized pace in the first quarter, according to the Dow Jones consensus estimate.
Private payroll growth slowed to 62,000 in April, well below expectations
Companies slowed hiring sharply in April as they braced against potential impacts from President Donald Trump’s tariffs.
Shein explores US restructuring as tariffs threaten to derail London IPO
Fast-fashion company searches for workarounds as Trump’s trade war endangers operations in its most important market
The case for ‘greening’ sovereign debt relief
Also in today’s newsletter, a new philanthropic initiative for newborn health bucks global aid cuts