Oil Prices Drop Amid Concerns Over Trump’s Tariffs and OPEC Increases
The international benchmark fell to its lowest point since 2021 after a decision by Saudi Arabia and other producers to pump more crude surprised the markets.
Read more at The New York Times
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Oil prices end lower on plans for OPEC+ output hike and Trump’s tariffs
Oil futures declined Monday after OPEC+ said it will boost output starting in April, and as President Donald Trump’s planned tariffs on imports from Canada and Mexico threatened to slow demand for ...MarketWatch - 2d -
Oil prices fall after Opec+ confirms it will increase crude production
Traders had been expecting cartel to postpone its plan to boost outputFinancial Times - 2d -
Stocks drop over concerns of a trade war sparked by Trump's tariffs
Concern is growing over the impact of President Donald Trump’s trade war against the United States’ three most important trading partners: Mexico, Canada and China, who are all vowing to retaliate. ...NBC News - 14h -
Oil ends at lowest price since September on tariff worries, OPEC+ output plans
Oil declined for a fourth straight session Wednesday, settling at its lowest price since September, on prospects for a global trade war that could dent demand and plans by major oil producers to ...MarketWatch - 6h -
Wall Street sees major drop amid concerns over slowing economy
Wall Street saw a dramatic drop on Friday with the Dow Jones plunging nearly 750 points, and the S&P 500 and Nasdaq falling sharply amid fears of a slowing economy and stubborn inflation. CNBC’s ...NBC News - Feb. 22 -
US stocks dip amid concerns over tariffs and consumer belt-tightening
All three major stock indexes moved decisively lower, extending sell-off in wake of dour economic reports. US stocks tumbled on Friday, extending a sell-off in the wake of dour economic reports and ...The Guardian - Feb. 21 -
Oil Prices Fall After OPEC Plus Affirms Plan to Raise Production
The Saudi-led cartel said its members would start gradually pumping more oil in April.The New York Times - 2d -
Trump’s tariffs take effect: What prices are set to increase?
President Donald Trump’s sweeping tariffs on imports from Canada, Mexico and China took effect at midnight. Reporting for TODAY, NBC’s Christine Romans says it’s only a matter of time until ...NBC News - 1d -
Will Trump's tariffs increase inflation?
Canada slapped a 25% retaliatory tariff on $155 billion worth of American goods on Tuesday after the Trump administration implemented its own 25% tariffs on nearly all imports from Mexico and ...CBS News - 1d
More from The New York Times
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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 - 17h -
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 - 14h -
Why Gen Z Is Willing to Pay Big Money for Concert Tickets
How can 20-somethings afford the high cost of seeing their favorite artists’ live shows? Some save; some go into debt.The New York Times - 17h -
South Africa’s Play to Ease Tensions With Trump: A New Trade Deal
Lawmakers were warned that the United States is planning more punitive actions against the country. Officials hope a new trade deal will help repair the icy relations.The New York Times - 5h -
Tom Llamas Named Anchor of ‘NBC Nightly News’
Mr. Llamas, an anchor on the company’s streaming news service, will succeed Lester Holt, who last month announced his plans to step down.The New York Times - 5h
More in Business
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Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off
The 30-year bond also crossed the 2.5% mark for the first time since 2008.CNBC - 8m -
'Tariff war, a trade war or any other type of war' — China says it's ready to fight U.S. until the end
Beijing announced Tuesday additional tariffs as high as 15% on certain U.S. goods, starting from March 10 and a series of new export restrictions for designated U.S. entities.CNBC - 13m -
Trump hands carmakers 1-month reprieve from tariffs
Carve-out applies to companies operating through US-Mexico-Canada trade pactFinancial Times - 23m -
Trump hates the Biden-era Chips Act. What’s next for semiconductor makers?
Intel is viewed as “being left on the side of the road” by the Trump administration.MarketWatch - 1h -
Why ‘Trump Turmoil’ has made a U.S. recession much more likely
Instead of rapid-fire trade deals, Trump has triggered a trade war.MarketWatch - 1h