The world's CEOs are much more worried about global trade wars now that Donald Trump has been elected president than they were a year ago, according to a new survey from the Conference Board.
Why it matters: While no one knows exactly what tariffs the upcoming Trump administration is going to impose on which countries, the one certainty is that substantially all such tariffs will be met with retaliatory counter-tariffs. Or more simply: a trade war.
A shopper at a Whole Foods Market. Photo: Spencer Platt/Getty Images
Inflation showed cooling signs at the end of 2024: The Consumer Price Index ticked up by 0.4% in December, but a measure that excludes food and energy prices slowed for the first time in four months, the Labor Department said on Wednesday.
Why it matters: Core inflation resumed a cooling trend, offering some optimism for policymakers ahead of an uncertain year.
Pete Hegseth, Kristi Noem and Pam Bondi. Photos: Al Drago and Hannah Beier/Bloomberg via Getty Images, Chip Somodevilla/Getty Images
Some of President-elect Trump's highest profile Cabinet picks will be under fresh scrutiny this week as they brace for tough Senate confirmation hearings that could make or break their nominations.
Why it matters: With Democrats looking to create fireworks and the Republican party deeply divided, the hearings could escalate clashes over Trump's most controversial nominees.
