What is Trump’s Crypto Reserve Plan?

The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan … Read more

Stocks Slump as Trump Tariffs Take Effect

Global stock markets and shares in European carmakers tumbled on Tuesday as President Trump’s broad tariffs against Canada, Mexico and China came into effect. European stocks slumped as investors weighed the prospects of a global trade war after China and Canada quickly retaliated with tariffs of their own. U.S. futures signaled that the S&P 500 … Read more

Europe Warily Watches U.S.-China Trade War

Europe was not directly targeted in the wave of U.S. tariffs that took effect on Tuesday, but the effects are being felt here. Keyu Jin, a professor at the London School of Economics, said that tit-for-tat tariffs would not necessarily lead to less global trade, but a “fragmentation and regionalism” that forges new blocs aiming … Read more

Trump’s Tariffs Hit Stock Markets

Not just tough talk President Trump wasn’t bluffing, after all. Global markets plunged on Tuesday after U.S. tariffs went into effect on roughly $1.5 trillion worth of imports from Canada, Mexico and China, with another, and even broader, wave set to kick in as soon as next week. China and Canada have already responded, with … Read more

Stocks and Mexican Peso Slump as Trump Tariffs Take Effect

Global stock markets and shares in European carmakers tumbled on Tuesday as President Trump’s broad tariffs against Canada, Mexico and China came into effect. European stocks slumped as investors weighed the prospects of a global trade war after China and Canada quickly retaliated with tariffs of their own. U.S. futures signaled that the S&P 500 … Read more

Oscars Draw 18 Million Viewers, an 8% Drop

The Academy Awards drew 18 million viewers on Sunday, ABC said, citing Nielsen data. That is an 8 percent drop from the 19.5 million who watched last year. The audience decline ends a three-year streak when Oscar ratings had been on the rise. The decline follows a trend among other award shows, which have seen … Read more

In Face of Trump Tariffs, Mexico Embraces Nationalism

Claudia Sheinbaum, the president of Mexico, stood underneath a giant Mexican flag and before troops at a military installation in Mexico City. It was Flag Day last month and she used her speech as an opportunity to, figuratively and literally, rally around it. “Mexico must be respected,” she said, adding later: “Its people are brave. … Read more

Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears

Comments from a member of President Trump’s cabinet over the weekend have renewed concerns that the new administration could seek to interfere with federal statistics — especially if they start to show that the economy is slipping into a recession. In an interview on Fox News on Sunday, Howard Lutnick, the commerce secretary, suggested that … Read more