The looming deadline for President Donald Trump‘s tariffs has sparked a shift in Wall Street’s predictions. Analysts are now projecting a more moderate increase in inflation, a departure from earlier fears of a significant surge. What Happened: Despite initial concerns that businesses would pass on tariff increases to consumers, leading to a rise in inflation, these fears have subsided in the...

08:03 AM EDT, 07/24/2025 (MT Newswires) -- The US dollar rose against its major trading partners early Thursday ahead of a busy day of economic data releases, starting with weekly jobless claims and the Chicago Federal Reserve's national activity index for June, both at 8:30 am ET. The S&P Global flash manufacturing and services purchasing managers' index estimates for July...

Market commentator and popular media personality Jim Cramer advocated for Bitcoin (CRYPTO: BTC) as a hedge against the escalating U.S. national debt on Wednesday, adding that he is buying a lot himself. What Happened: During a CNBC segment, Cramer expressed his concerns about the future of the U.S. economy amid a worsening debt crisis. He suggested that Bitcoin could serve as...

By Shivansh Tiwary and Rajesh Kumar Singh (Reuters) -American Airlines ( AAL ) restored its full-year financial outlook on Thursday but offered a wide range of forecast, citing broader economic uncertainty that is hobbling consumer spending on travel in the domestic market. The Fort Worth, Texas-based carrier expects an adjusted loss of 20 cents a share to a profit of...