When President Donald Trump launched his tariff blitz, economists warned of soaring inflation as costs hit consumers. The hit was delayed by corporate countermeasures, but now early signs of tariff-driven price hikes are emerging, and Morgan Stanley warns the full inflation punch is coming, forcing businesses to rethink hiring and spending. "Recent inflation data show goods prices firming as tariffs feed through, essentially acting as a tax on consumption and production," Morgan Stanley economists said in a recent note, highlighting growing cost pressures squeezing corporate margins. The...
The White House launched an official TikTok account on Tuesday, taking advantage of the short video app's more than 170 million U.S. users to spread the messages of President Donald Trump. Trump has a soft spot for the popular app, crediting it with helping him gain support among young voters when he defeated Democrat Kamala Harris in the November 2024 presidential election. Lawmakers in Washington worry, however, that its U.S. user data could fall into the hands of China's government. Trump has been working on a deal for U.S. investors to buy the app from TikTok's Chinese parent,...
Ukrainian President Volodymyr Zelenskiy said he has not been in contact with Russia regarding potential peace talks, although his dialogue with the US is ongoing. Speaking at a joint press conference with NATO Secretary-General Mark Rutte in Kyiv on Friday, Zelenskiy said he did not want to set conditions for potential peace talks with Vladimir Putin because he could use them as an excuse to continue the war. There are "two layers" of security guarantees being discussed, Rutte said at the same event. The first involves strengthening Ukraine's military and the second involves guarantees...