US Economy Contracts for First Time Since 2022 on Imports Surge
The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and more moderate consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy. Inflation-adjusted gross domestic product decreased an annualised 0.3 percent in
Layoffs Surge 205% to Third-Highest on Record as Federal Cuts Dominate
In March 2025, the U.S. job market experienced a dramatic increase in layoffs, with 275,240 job cuts announced—a 205% surge compared to the same month last year. This marks the third-highest monthly total on record, surpassed only by the layoffs in April and May 2020 during the initial economic shutdowns
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday. Results beat analyst expectations; shares surged 9.5 percent just before markets closed. The Italian outerwear giant’s latest figures were the latest signal that the luxury market could be turning a corner, following encouraging results
