CEOs think the U.S. is ‘probably in a recession right now,’ says BlackRock’s Larry Fink
The asset management executive also said that the he thinks the tariffs of President Donald Trump could put upward pressure on inflation.
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Crypto industry prepares for expected wave of demand from banks and asset managers
UK inflation falls to 2.6%, increasing pressure on Bank to cut interest rates
March annual rate comes before expected rise because of household bills going up this month
- Analysis: Good news on UK inflation may be short-lived amid trade war and rising household bills
- Business live – latest updates
UK inflation dropped to 2.6% in March, increasing the pressure on Bank of England policymakers to cut interest rates next month as Donald Trump’s tariff wars cast an uncertain outlook.
Prices growth was weak ahead of an expected rise in April as households begin to pay higher council tax and utility bills.
European and Asian stocks follow Wall Street down
Reversal on Nasdaq and S&P 500 as fears reignited over AI valuations
Trump tariffs come into effect in ‘seismic’ shift to global trade
‘Baseline’ 10% import levy takes effect at US seaports, airports and customs warehouses, with some higher tariffs to begin next week
Donald Trump’s 10% tariff on all imports from many countries, including the UK, has come into force after 48 hours of turmoil.
US customs agents began collecting the unilateral tariff at US seaports, airports and customs warehouses on Saturday, with higher levies on goods from 57 larger trading partners due to start next week – including from the EU, which will be hit with a 20% rate.
USD/CHF Forex Signal: Dollar Holds, Market Awaits Fed – 19 August 2025
The US dollar steadies against the Swiss franc above 0.80, with traders eyeing a breakout toward 0.83 or a reversal to 0.79 as Fed cuts loom.