Macy’s Signals Rocky Year Ahead as Retailers Reckon With Trade War
The largest department store chain in the United States, like many other retailers, have recently warned that shoppers may be more cautious in the months ahead.
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China Signals Confidence in Economy Despite Sluggish Growth and U.S. Trade War
As Chinese leaders meet in Beijing, they are striking a confident posture despite serious challenges to the economy and growing pressure from the United States.The New York Times - 1d -
Abercrombie & Fitch shares plunge 15% after star retailer posts weak guidance for year ahead
Abercrombie & Fitch's business may be leveling out after two years of explosive growth.CNBC - 1d -
Oil price tumbles to 3-year low on fears trade war will hit demand
Brent drops below $70 a barrel following larger-than-expected increase in US crude stocksFinancial Times - 1d -
Joann, 80-Year-Old Crafts and Fabrics Retailer, Will Close All Stores
The announcement that the chain would close all 800 of its stores in 49 states comes after a period of financial turmoil.The New York Times - Feb. 24 -
Trade wars are bad, and hard to win
President Trump thinks that trade wars are easy and winnable. They are neither, as we keep learning the hard way.The Hill - 3d -
Trump signals U.S. and U.K. could reach 'real trade deal' without tariffs
U.S. President Donald Trump signaled the U.K. could broker a "real trade deal" and escape tariffs.CNBC - 6d -
Trump tariffs part of ‘drug war,’ not ‘trade war’: Commerce secretary
Commerce Secretary Howard Lutnick said President Trump’s tariffs on other countries are part of a “drug war,” not a “trade war.” Lutnick joined CNBC on Tuesday, just hours after Trump’s 25 percent ...The Hill - 2d -
China vows it will ‘fight to the end’ with US in trade war – or any other war
Wolf warrior-style comments mark China’s strongest rhetoric on US president Donald Trump since he entered the White House. China’s ministry of foreign affairs has promised that China will “fight to ...The Guardian - 12h -
Trump trade war intensifies as tariffs go into place
Americans awoke Tuesday morning to an intensifying trade war, as President Trump’s newest tariffs on Canadian, Mexican and Chinese imports were imposed and those countries quickly moved to ...The Hill - 2d
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Many Chinese See a Cultural Revolution in America
People in China are expressing alarm at what seems to be an authoritarian turn in the United States, long their role model of democracy, that feels familiar.The New York Times - 13h -
Trump Suspends Mexico Tariffs on USMCA Goods for a Month
Goods trading under the rules of the North American trade pact, or the vast majority of products, would be exempt from tariffs, the president said. The levies have caused stock markets to sink.The New York Times - 43m -
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead
Vows by European leaders in increase borrowing to ramp up military spending has reshaped the fiscal picture that the central bank must confront.The New York Times - 2h -
Tariffs Add a New Shock to Food Supply Chains
Companies made their supply chains stronger and more flexible because of the Covid pandemic. But they weren’t banking on tariffs.The New York Times - 1d -
How Retaliatory Tariffs by China, Canada and Mexico Could Harm American Farmers
Trade wars during President Trump’s first term slashed billions of dollars in U.S. agricultural exports. Farmers and trade groups expect an even bigger hit this time.The New York Times - 1d
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House censures Rep. Al Green for heckling Trump during speech to Congress
Fewer than 30 members of the House of Representatives have been censured. Green said about interrupting Trump, "Truthfully, I would do it again."CNBC - 6m -
Government ethics watchdog fired by Trump drops lawsuit challenging dismissal
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Former Wall Street rainmaker leads purge of US chips subsidies agency
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Trump’s Lawyer Dissed DOGE-Fired Vets in a Masterclass on What Not to Say About Ex-Employees
Amid broadening pushback against White House efforts to cull the federal workforce, Trump’s own lawyer made some controversial comments, and the USDA was told to rehire 6,000 workers.Inc. - 22m -
DOGE job cuts push U.S. layoffs to postpandemic high. Is the labor market crumbling?
The number of publicly announced layoffs in the U.S. jumped in February to the highest level since the pandemic 4 1/2 years ago — but not because the jobs market is suddenly in a free fall. It isn’t.MarketWatch - 27m