With the tariffs that President Trump unveiled on Wednesday, he is not just closing America’s front door to Chinese exports — he is slamming the back doors shut as well. He has now piled tariffs totaling 54 percent on goods coming straight from China, on top of tariffs of up to 25 percent that he … Read more
When Daniel Cox was growing up in Rochester, N.Y., he spent every Saturday night at Pizza Hut with his father and two brothers. The server got to know the family so well that when she saw their blue Dodge Caravan roll up, she would put their order in: two cheese pan pizzas and two pitchers … Read more
Share prices fell sharply for a second day on Friday in Asia, and futures market trading indicated that American share prices might soon tumble further as well, as worries spread about the economic effect of President Trump’s broad tariffs. The Nikkei 225 Index in Japan was down 3.8 percent. That followed a 2.8 percent drop … Read more
The New Civil Liberties Alliance — a nonprofit group that describes itself as battling “violations by the administrative state” — sued the federal government on Thursday over the means by which it imposed steep new levies on Chinese imports earlier this year. The new filing, which the group said was the first such lawsuit to … Read more
Grocery shoppers are likely to feel the impact of the Trump administration’s sweeping new tariffs before April is over. And the first place they’ll feel it is in parts of the store where the inventory has to move fast. In the produce aisle, food analysts said Thursday, expect small price increases on everyday purchases like … Read more
A striking and headline-making fraud case resulted in a conviction last Friday, when Charlie Javice was found guilty in federal court of conning JPMorgan Chase out of $175 million. The bank has also sued Ms. Javice, a 32-year-old entrepreneur who once made the Forbes 30 Under 30 list, for elaborately falsifying her student-finance start-up’s customer … Read more
John Thornton, a financier who leveraged his wealth and influence to embark on the seemingly quixotic mission of reviving local journalism in a time of crisis, by founding The Texas Tribune, a seminal regional nonprofit news organization, and the American Journalism Project, which supports local digital newsrooms around the country, died on Saturday in Austin, … Read more
The mood has darkened in the U.S. stock market, and no wonder. Pessimism about the Trump tariffs has set off painful declines. But the picture has been less dire for people with investments outside the U.S. stock market. Holding plenty of bonds and including stakes in international stock markets were keys to stability and, maybe, … Read more
Eight members of the OPEC Plus oil cartel, led by Saudi Arabia, said Thursday that they would accelerate their previously planned schedule to gradually add about 2.2 million barrels a day to the oil market. The producers, including Russia, will add a combined 411,000 barrels a day in May, equivalent to three monthly increases, they … Read more
President Trump announced what could be one of the most dramatic economic policy changes in decades on Wednesday, when he substituted America’s longstanding system of taxing imports with a new tariff system of his own devising. The president said the tariffs would reverse decades of unfair treatment by the rest of the world and result … Read more