J.J. McCorvey

1 week ago | nbcnews.com | J.J. McCorvey |Maya Huter |Emily Lorsch

This year’s new college graduates are heading into a tougher job market than last year’s — who had it worse off than the class before that — just as the Trump administration cracks down on student loan repayments. Recent grads’ unemployment rate was 5.8% as of March, up from 4.6% a year earlier, the Federal Reserve Bank of New York .

1 week ago | nbcnews.com | Rob Wile |J.J. McCorvey

In the week following President Donald Trump’s “Liberation Day” tariffs announcement, it looked like the stock market had seen a ghost. Over the course of seven days following his April 2 announcement, the S&P 500 lost more than 12%, a decline not typically seen outside of extreme events like the Covid-19 pandemic and the subprime mortgage crisis of 2008. That stretch last month also saw the fifth-worst two-day percentage decline since World War II.

1 week ago | nbcnews.com | J.J. McCorvey |Tavleen Tarrant

The add-to-cart callouts are widespread, and lately they’re coming with a trade war twist: buy now to beat the tariffs. Retailers and e-commerce brands have been flooding social media in recent weeks with appeals to shoppers’ well-founded fears that President Donald Trump’s import taxes will raise prices, urging them to act now before that happens.

2 weeks ago | nbcnews.com | Shannon Pettypiece |J.J. McCorvey

President Donald Trump’s massive China tariffs are jeopardizing American fireworks shows, threatening to drive up prices and limit supplies. U.S. fireworks wholesalers and distributors say they’ve been canceling shipments from China for this year’s July Fourth holiday. Some are also halting manufacturing in China of fireworks for next year’s celebrations of the 250th anniversary of America’s independence.

2 weeks ago | nbcnews.com | J.J. McCorvey |Rob Wile

The impact from tariffs has so far been most immediately felt in financial markets, with stocks erasing nearly a year’s worth of gains amid fears of an economic growth slowdown or outright recession. Now, companies are starting to issue more concrete warnings about the impact that tariffs could have on their bottom lines — and on consumers. Executives at PepsiCo, whose first-quarter earnings missed analysts’ projections, flagged supply chain disruptions and increased costs.