Author: Leslie Stewart

Tariffs have raised major headwinds on the US and the global economy, leading the International Monetary Fund to cut its 2025 growth forecast.According to its new forecast, the IMF currently has a US growth outlook of 1.8% in 2025, down 0.9 percentage points from its January forecast.This is part of the “reference forecast” of the fund’s global economic growth and inflation based on data available on April 4, including US “mutual” tariffs, but excludes subsequent developments such as a 90-day suspension on smartphones and updates the previous outlook shared in January.”This in itself is a major negative impact on growth,”…

President Donald Trump speaks to the media on April 21, 2025 at the annual White House Easter Egg Roll on the South Lawn of the White House in Washington, D.C.Rear Miris | ReutersCriticism of President Donald Trump’s public chair Jerome Powell has fueled concerns about trying to fire the central bank chief, but it may not be enough for Trump to bending monetary policy in the direction of his preferences.Even firing Powell doesn’t necessarily give Trump the interest rate cuts he wants, according to multiple economists.”But perhaps firing Powell is just the first step in dismantling the Fed’s independence. If…

When Tanaya Pinkston was five years old, she witnessed her mother suffering a stroke. It was one of the most terrifying moments of her life, but the compassion and care she received from the 911 operator left a lasting impression. “As soon as I heard they were the voice of a child on the phone, they were. This was probably a serious situation and they had to take a different approach to it,” Pinkston said. Pinkston, a senior at McClure Health Science High School in Duluth, Georgia, wants to become a pediatric ICU nurse. “If I hadn’t come to McClure,…

Disclosure: The opinions and opinions expressed here belong to the authors solely and do not represent the views or opinions of the crypto.news editorial. Crypto is out of the story, out of patience, and runs out of time for its importance. The only way is to build the products people are actually using, and you don’t have to think about it. Over the past few months, AI agents have been pitched as their future, but most of them are just noise. He’s a flashy rapper who actually does nothing. In the middle of the macro meltdown, no one is begging…

R-FLA Rep. Byron Donald defended tech billionaire Elon Musk at City Hall Monday night, where he grilled about the Department of Government Efficiency’s cost-cutting measures and the Trump administration’s efforts to eliminate approaches to the Israeli-Hamas war.Donald, a member of the House Oversight Committee, was forced at one point to what the Republican-led panel was doing to help the administration dramatically reshape the federal government and dramatically reshape spending and ensure oversight for Musk and Doge.”If you’re trying to talk about what surveillance is doing, then the Doge Division, which is actually a doge committee, needs to actually get the…

President Donald Trump’s Inaugural Committee raised $239 million, according to a new funding report backed by a million-dollar contributions from major companies and executives.The massive haul is more than twice the $109 million raised at his first inauguration in 2017 (a record so far). Among those who wrote the massive checks were those who were tapped by Trump to become government officials, especially those in the oil, financial, technology and transportation sectors, as well as prominent businesses (and their leaders) in front of the administration. Pilgrim’s Pride Corp., a leading poultry producer, has donated more than any other individual or…

Opinion: Dominique Schventer, Chief Operating Officer of RiskThe United States is in the middle of the crypto boom. The approval of funds traded on exchanges has opened the door to institutional adoption, increased liquidity, and regulatory clarity is beginning to take shape under more encrypted administration. Applications from the Securities and Exchange Commission, which referencing blockchain, reached an all-time high in February 2025, changing the wider range of how serious technology is taking it at its highest level.This momentum is good for the industry. The US-based crypto company has spent nearly a decade buildings through regulatory uncertainty and deserves the…

Cambridge, Massachusetts — Boston traffic police were investigating a shooting on Harvard University’s subway platform on Sunday, so the school urged students and staff to issue shelter orders.Authorities temporarily rerouted passengers in parts of the city’s subway system and closed the bus as officers from various departments searched for suspects.A preliminary investigation shows that Massachusetts Bai Transit Bureau’s Transit Police Chief Richard Sullivan said in an email that a gun-armed man fired four to five rounds on a “targeted individual” on a platform southbound on Harvard Square. The suspect then fled the station.There is no evidence that targeted people or…

Business owners and CEOs already stock up, while some American shoppers are buying big ticket items in anticipation of President Donald Trump’s tariffs. Sudden shopping could lead to “artificially high” levels of economic activity, Federal Reserve Bank of Chicago, President Austan Ghoolsby, said.”That pre-buy like that is probably even more pronounced in terms of business,” Ghoulsby told CBS’s “Face the Nation” on Sunday, adding, “We’ve heard a lot about building an up-front inventory that lasts for 60 or 90 days if there was more uncertainty.”Companies that stock up on inventory and accelerate consumers’ decisions – Purchase apple For example, instead…

President Donald Trump has registered the worst economic approvals of a president’s career amid a wide range of complaints about tariffs, inflation and handling government spending, according to the latest CNBC All-America Economic Survey.The survey believes that the economic optimism boost that comes with Trump’s reelection has faded, and the economy will worsen more than ever since 2023, and is surged towards pessimism about the stock market.A survey of 1,000 Americans nationwide confirmed 44% of Trump’s presidency handling, with 51% slightly better than CNBC’s final reading when the president resigned in 2020.Trump’s Republican base remains firmly behind him, but Democrats…