US economy contracts 0.2% in Q1 amid tariff-driven disruption; imports, weak spending weigh on growth

The US economy contracted at a 0.2% annual pace from January through March, marking the first quarterly decline in three years, as President Donald Trump’s trade policies disrupted business activity. The Commerce Department released the revised estimate Thursday, slightly improving on its initial figure.The drop in gross domestic product (GDP) — the broadest measure of…

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US stocks rise as court ruling weakens Trump’s tariff authority; tech leads rally on Nvidia earnings

US stock markets climbed Thursday after a federal court ruled that President Donald Trump overstepped his authority in imposing sweeping tariffs under emergency powers, providing relief to investors rattled by months of trade uncertainty. Strong earnings from chipmaker Nvidia further buoyed tech stocks, helping the Nasdaq lead gains.Wall Street opened higher, with the S&P 500…

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