U.S. oil prices fell sharply, briefly dipping below $60 a barrel on Sunday — their lowest level in almost four years — as the economic fallout from President Trump’s latest round of tariffs reverberated around the world. Crude oil now costs around 15 percent less than it did last Wednesday, just before Mr. Trump revealed … Read more
Virtually everyone in the cryptocurrency world celebrated the second election of President Trump, an enthusiastic booster of the industry who promised to turn the United States into the “crypto capital of the planet.” But now the man nicknamed “the first Bitcoin president” is presiding over a Bitcoin crash. Since Mr. Trump announced his global tariffs … Read more
Stock markets pointed to a further fall this week as futures trading got underway Sunday evening, with investors and economists grappling with rising odds of a severe economic downturn caused by President Trump’s significant new tariffs on imports. Futures on the S&P 500, which allow investors to trade the index before the official start of … Read more
Thousands of pounds of liquid egg substitutes sold under two popular brand names have been recalled because of the potential risk of contamination with a cleaning solution, federal safety regulators said. Cargill Kitchen Solutions in Lake Odessa, Mich., recalled about 212,268 pounds of products under its Egg Beaters and Bob Evans labels because they may … Read more
The article of which he was most proud was “The Woman Who Beat the Klan,” published in The Times Magazine in 1987, about Beulah Mae Donald, who sued the Ku Klux Klan for the 1981 murder of her son — he was hanged from a tree, with his throat slit, and no one was charged … Read more
The nation that the Trump administration slapped with the heftiest tariff this week is a small, rural, landlocked country in southern Africa that is among the world’s poorest. Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were … Read more
For the last several months, Ken Harvey has been cultivating a budding side business for his Honda and Mazda dealerships in Northern California: selling used Teslas. A few times a month, Mr. Harvey picks up a few pre-owned Teslas at a local automobile auction and offers them for sale, often at surprisingly affordable prices, thanks … Read more
‘White Lotus’ Audience Is Big, and Keeps Getting Bigger
President Trump’s self-proclaimed “liberation day,” in which he announced across-the-board tariffs on the United States’ trading partners, carries an echo of another moment when an advanced Western economy threw up walls around itself. Like Brexit, Britain’s fateful vote nearly nine years ago to leave the European Union, Mr. Trump’s tariffs struck a hammer blow at … Read more
It was a bad week for Ben Coryell, who runs a wilderness guiding company in Golden, Colo. He got several calls from customers who wanted to cancel their climbing courses and mountaineering expeditions over the summer, often citing second thoughts about big purchases as the Trump administration has thrown the economy into turmoil with eye-watering … Read more