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
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
Oil prices fell on Monday afternoon to their lowest level of the year after the OPEC oil cartel and its allies affirmed plans to gradually increase crude production beginning in April. Opening the taps in countries such as Saudi Arabia and Russia, which have voluntarily throttled supply to prop up prices, increases the risk that … Read more
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
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
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
Source: The National Highway Traffic Safety Administration The New York Times President Trump’s 25 percent tariffs on goods from Canada and Mexico could be felt particularly acutely by automakers — and car buyers — because of the number of vehicles and parts that come into the United States every day as they head to market. … Read more
“Paradise” is a TV show on Hulu about a postapocalyptic society that lives underground in a suburb. “Silo” is a TV show on Apple TV+ about a postapocalyptic society that lives underground in an apartment tower. Both are propelled by mysteries. Both feature curious heroes. Both have shifty leaders who lie, blackmail and murder to … Read more
The new head of the Food and Drug Administration division that regulates infant formula was in recent months a corporate lawyer defending a top formula maker from claims that its product gave rise to debilitating harm to premature babies. Kyle A. Diamantas joined the F.D.A. last month to lead the food division, leaving the law … Read more
China signaled on Tuesday that it is willing to go further than before in its trade tit-for-tat with President Trump by hitting a top American biotechnology company. China’s Ministry of Commerce said it would ban Illumina, a San Diego company, from importing its gene-mapping products in China. Illumina is the world’s leading producer of gene-sequencing … Read more