It’s not clear who will benefit if President Trump follows through on his threat to impose 200 percent tariffs on all wines and alcoholic beverages from the European Union, but it certainly would not be American consumers. The tariff warning was posted by Mr. Trump on social media Thursday in retaliation to 50 percent tariffs … Read more
Questions linger over what this year’s layoffs and ranger protests at the National Park Service will mean for travelers, who made a record 331 million visits to park properties last year. Adding to the confusion is the federal court ruling on Thursday that the firings were done unlawfully and agencies must rehire their cut workers. … Read more
Earlier this year, everything seemed set for a major renovation to make two Chicago apartment buildings for mostly lower-income elderly residents more energy efficient. An affordable-housing organization had secured a federal loan, a state loan and money from private investors. But the project, which was to start in a few weeks and include the installation … Read more
The world’s most widely followed stock-market benchmark slid into a correction on Thursday, a drop that underscores how the two-year-long bull market is running out of steam in the early days of the Trump administration. The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Washington over the past few weeks. On-again, … Read more
President Trump has called the word tariff “the most beautiful word in the dictionary.” He imposed hefty tariffs during his first term and promised expansive new ones as he pursued his second. On his first day back in the White House in January, he issued an executive order directing his cabinet picks to prepare even … Read more
CrossFit, the crisis-riddled fitness company, is for sale once again. The sale comes against the backdrop of several tumultuous years for the fitness brand, after a drowning at last year’s CrossFit Games, a significant drop in registrations for its annual membership-wide competition and deepening financial concerns. The company, which has 10,000 affiliate gyms across the … Read more
French wine producers have typically had a love-love relationship with the United States, their biggest export market. But President Trump’s threat to impose 200 percent tariffs on European wine, Champagne and spirits sent shudders through grand châteaus and small vineyards across the country. “A 200 percent tax on European wines and spirits would mean an … Read more
Wall Street’s slide resumed on Thursday, another anxiety-induced drop that left the S&P 500 brushing up against a “correction” — a symbolic marker of the speed at which investors have fled the stock market in recent weeks. Traders, economists and business leaders have been grappling with a rapidly shifting economic landscape as President Trump has … Read more
The cloud behind the inflation silver lining Even upbeat economic news can offer little comfort to markets and the C-suite. Stocks look set to open lower as relief over Wednesday’s better-than-expected inflation report fades, and concerns grow that a trade war could sap consumer spending and corporate profits. That’s led more corporate chiefs to speak … Read more
The results of a rare, closely watched auction in Japan that ended this week are about to be released. But there were no paintings or antique cars on the auction block. The government is selling 165,000 tons of rice — equivalent to roughly two billion bowls — from its emergency stockpile to make up for … Read more