Sam Sutton

Business travel bookings from Europe crashed by more than 25 percent in April compared to last year.

Oren Cass is defending Trump’s tariffs — but says the administration needs to improve its messaging.

Bessent flew to Florida on Sunday to encourage Trump to start putting more emphasis on talking about his endgame.

The negative forecasts are a stunning turnaround for the president, who swept into office pledging to unleash a Golden Age of prosperity.

While the new tariffs open the door to negotiations, they also assure that the U.S.’ effective rate will be in flux for weeks or more to come.

Recession risks are climbing, with big banks downgrading their expectations for future economic growth and warning that inflation will accelerate.

Consumer confidence has fallen sharply and more businesses are raising alarms over the policy uncertainty by delaying hiring or investment plans.

This is a “flashing yellow light regarding growth and inflation prospects,” said Mohamed El-Erian, chief economic adviser at European insurance giant Allianz.

The president wants to raise taxes on private equity profits to help pay for populist campaign promises like eliminating taxes on overtime, tipped income and Social Security benefits.

New details on potential layoffs emerge as the Department of Government Efficiency takes on HUD.