Millions of small investors have piled into India’s stock market in recent years, eager to build wealth by betting on the country’s economic growth. Catchy advertising and easy-to-open online trading accounts have wooed young people and retirees alike, demystifying investing and fueling the exuberance. This week, many of those investors got a rude shock — … Read more
The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds … Read more
The Chinese government on Wednesday issued a lengthy denunciation of American trade policies, accusing the United States of years of protectionism and of violating the trade agreement the two sides had negotiated late in President Trump’s first term. The document was issued by Beijing’s cabinet information office several hours after Mr. Trump raised to 104 … Read more
The parallels between President Trump and Liz Truss, Britain’s shortest-serving prime minister, are growing starker. Ms. Truss triggered market turmoil in 2022 after she proposed sweeping tax cuts that she proposed to pay for with massive government borrowing. Ms. Truss was ultimately doomed by fears of a credit crisis after yields on British government bonds … Read more
Nicolas Puech is an heir to the Hermès fortune whose riches are shrouded in mystery. He either is or is not a billionaire, and may or may not have a sizable stake in his family’s luxury brand, depending on when and where these matters come up. A new lawsuit filed in federal court late last … Read more
Willkie Farr & Gallagher last week became the latest law firm to strike a deal with the White House and escape President Trump’s wrath. But the firm, which pledged $100 million in legal services to causes that the Trump administration supports, traded one problem for another. Willkie has faced a backlash to the deal in … Read more
Hard hats are back. So is “beautiful, clean” coal. President Trump signed four executive orders on Tuesday to try to bolster the country’s declining coal industry, including the lifting of restrictions on mining and burning of the dirtiest fossil fuel. In addition to waiving air pollution limits and other regulations on coal imposed by the … Read more
The European Union plans to vote on Wednesday afternoon on its first retaliation measures in response to President Trump’s tariffs, moving closer to placing increased duties on a range of manufactured goods and farm products that would take effect in phases starting next week. The list up for consideration is a slightly trimmed down version … Read more
The airplane’s cabin doors closed hours ago, you’re fastened into your seat and you’re still on the ground, going nowhere fast. What gives? Tarmac delays may be routine, but that doesn’t make them any less of a nightmare. And these instances of passenger purgatory only seem to be getting more frequent for airlines flying in … Read more
In the Lower Manhattan neighborhood of TriBeCa, known for its liberal politics and sky-high rents, a new retailer, known for its conservative Christian convictions, rock-bottom prices and steadfast customers in rural America, is moving in. Now the question is, can this retailer, Hobby Lobby, make it in Manhattan? The retailer, which is expected to open … Read more