Lauren Aratani

2 weeks ago | theguardian.com | Lauren Aratani

DoorDash is offering to buy UK-based rival Deliveroo for $3.6bn (£2.7bn), Deliveroo said Friday. Deliveroo said that its board is currently in talks with DoorDash over the offer and that a firm offer has not been made, according to statement sent to the Guardian. Should a firm offer of £1.80 ($2.40) a share be made, Deliveroo said, “it would be minded to recommend such an offer to Deliveroo shareholders. “There can be no certainty that any firm offer for Deliveroo will be made.

2 weeks ago | theguardian.com | Lauren Aratani

US consumer sentiment plummeted in April after Donald Trump’s trade war threw the global economy into chaos, according to a new report. The index of consumer sentiment, a score based on a monthly survey asking Americans about their financial outlooks, fell by 32% since January – the largest drop since the 1990 recession, according to the University of Michigan’s Institute for Social Research.

3 weeks ago | ca.finance.yahoo.com | Lauren Aratani

US stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates. “There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. In recent days, Trump has amped up attacks against the Fed chair, pushing Powell to lower interest rates to offset the inflationary impacts of the new tariffs.

3 weeks ago | aol.co.uk | Lauren Aratani

US stock markets fell again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who the US president called “a major loser” for not lowering interest rates. “There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. In recent days, Trump has amped up attacks against the Fed chair, pushing Powell to lower interest rates to offset the inflationary impacts of the new tariffs.

3 weeks ago | theguardian.com | Lauren Aratani

The US Federal Reserve chair, Jerome Powell, is facing attacks from Donald Trump, who is now threatening to fire the head of the central bank. Such a move would be unprecedented. The president has historically respected the independence of the central bank, and kept out of its way – even if there was disagreement over Fed policy. But, of course, it looks like Trump is following his own playbook. “Powell’s termination cannot come fast enough!” Trump said on social media last week.