The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management.

It also estimates that domestic freight activity will hit a major slowdown by mid-May, with major layoffs to follow in order for trucking companies to cope with the changes. Add in that President ...

Alternative asset management firm Apollo Global Management projects a summer recession onslaught by trade war-inflicted stagflation, according to a report published by Torsten Slok, the firm’s chief ...

Apollo Global Management forecasts a severe U.S. recession triggered by recent tariffs, which will lead to widespread layoffs in the trucking and retail sectors amid rising economic uncertainty.

There could be "empty shelves in U.S. stores in a few weeks and Covid-like shortages for consumers and for firms," given a ...

Tariffs could end up producing a 4% hit to GDP, Apollo's top economist estimated, adding that he sees a 90% chance of a "Voluntary Trade Reset Recession." ...

The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management.