New orders for key U.S.-manufactured capital goods plunged by the most in six months in April amid mounting uncertainty over the economy because of tariffs, suggesting business spending on equipment weakened at the start of the second quarter.

Dealmakers had big expectations for middle-market mergers and acquisitions in 2025. Although deal activity this year started off strong, the Trump administration’s tariff roller coaster has more recently cooled the market.

Sentiment improved a little as wage expectations grew and views of the economic outlook calmed, a monthly survey said.

There is now a "healthy debate" within the Federal Reserve about whether any inflation triggered by President Trump’s tariffs will prove to be transitory, according to Minneapolis Fed president Neel Kashkari.

Economic experts warn that President Donald Trump's proposed tariff policy could lead to a period of stagflation, characterized by stagnant growth and rising inflation.

With flip-flopping trade policies dominating the news cycle, job seekers are stressed about how they could impact their ability to get a job. More than a third of people looking for work (35%) say they expect tariffs to make it more challenging for them to land a job,

President Trump has delayed the start of his 50% tariffs on the European Union until July 9th. NBC News' Yamiche Alcindor reports more. Axios Senior Economics Reporter Courtenay Brown and Bloomberg White House Correspondent Akayla Gardner join Katy Tur to share their analysis.

Gulf stock markets were mixed on Tuesday, with Saudi Arabia's main Tadawul index retreating 0.78% as investor sentiment remained fragile on the unpredictability of U.S. President Donald Trump's trade policies.

"If that is not the case, a tariff of at least 25% must be paid by Apple to the US."Adding uncertainty to his ultimatum, Trump later said the tariff wouldn't apply to just the iPhone but also to any smartphone made outside the US.

The S&P 500 was up 1.6 percent in its first trading since President Trump said that the United States will delay a 50 percent tariff on goods coming from the European Union until July 9 from June 1.