Temu Parent Pdds Stock Tumbles As Trump Tariffs Close Trade Loophole
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From fashion to alcohol, these sectors are being swept up in the U.S.-EU trade war
The EU's tariffs will push up costs for a "raft of manufacturers, not least automakers and food producers."CNBC - 2d -
Asia-Pacific markets trade mixed despite tariff uncertainty and recession fears in the U.S.
Economists polled by Reuters expect India's inflation rate to slow to 3.98% in February from 5.68% in January.CNBC - 4d -
Most of the S&P 500 is already in correction territory as benchmark teeters near milestone
As of Monday's close, 366 S&P 500 components, or 73%, were trading 10% or more below their respective 52-week highs.CNBC - 4d -
Behind Trump's latest comments on a U.S. recession
President Trump seems confident that his tariffs will reap great rewards for the U.S., but he is not ruling out the possibility of a recession. CBS News' Weijia Jiang reports.CBS News - 5d -
Hard-hit stocks catch another bid — plus, how our sell-off strategy has paid off so far
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.CNBC - 3d -
New China tariffs may mean higher toy prices, but Mattel and Hasbro are working to blunt the impact
Mattel and Hasbro may be forced to raise prices if President Donald Trump’s 20% tariffs on imports from China remain in place, but both companies have mitigation strategies in place.MarketWatch - 1d -
Canada to choose new leader to face Trump in trade war with US
Former central banker Mark Carney favoured over Chrystia Freeland to replace Justin Trudeau as Liberal party headFinancial Times - Mar. 9 -
Dow drops 600 points as Trump escalates trade war with Canada
S&P 500 dips tentative toe into correction mode, following in the footsteps of the tech-heavy Nasdaq Composite.CBS News - 4d -
Farmers face steep losses in the middle of Trump's trade war and funding cuts
Jennifer Gilkerson never imagined that her West Virginia farm’s freeze-dried fruits would get caught up in political fights in Washington, D.C.NBC News - 2d -
FirstFT: Tesla warns Trump administration it is ‘exposed’ in trade war
Also in today’s newsletter, top Senate Democrat backs Republican funding bill, and China criticises Panama ports dealFinancial Times - 2d -
Maxine Waters: Trump is ‘working towards a civil war’
Rep. Maxine Waters (D-Calif.) is accusing President Trump of seeking to start a civil war. The California Democrat, a long-time adversary of Trump, said the early flood of presidential policies — ...The Hill - 2d -
Canadians show their displeasure with President Trump
President Trump took aim at dairy and lumber imports from Canada, but the U.S.'s northern neighbor is fighting back. Ed O'Keefe reports on the latest in the tumultuous trade war.CBS News - Mar. 8 -
'We launched a drug war, not a trade war': NEC director
President Trump’s top economic aide Kevin Hassett was interviewed on "This Week."ABC News - 6d -
S&P slides into correction
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story S&P 500 sinks into correction amid stock selloff The major stock index closed ...The Hill - 2d -
Would Schools Close in a Future Pandemic?
Five years after the global Covid pandemic was declared, there is widespread agreement that closing classrooms was devastating for children. Here is what leaders say they may do next time.The New York Times - 2d -
New lawsuit alleges Education Department's Office for Civil Rights cannot fulfill responsibilities after cuts
A lawsuit filed Friday alleges the Department of Education's Office for Civil Rights (OCR) is unable to fulfill its mandated obligations due to the Trump administration's changes as it seeks to ...The Hill - 1d -
S&P 500 falls further, down 10% from all-time high, as mood sours on Trump's tariff threats
The economic chaos unleashed by President Donald Trump has pushed the S&P 500 into a correction.NBC News - 2d -
Adobe’s stock has been an AI laggard. A ho-hum earnings forecast is adding to its declines.
Adobe Systems Inc. shares fell in after-hours trading Wednesday after disappointing quarterly earnings guidance, amid criticism on Wall Street that the software company is not yet monetizing ...MarketWatch - 3d -
There’s a Fed put and a Trump put — but there might now be a C-suite put, as well
Companies may put a floor under stocks by switching to buybacks from capital expenditure, according to Citi strategists.MarketWatch - 6d -
Trump and the Fed Sound More Optimistic About the Economy Than Investors
Traders are selling stocks even as Jerome Powell and the White House convey confidence about markets.Inc. - 5d -
Challenged by Trump, Trudeau Rallies Canada as He Leaves Office
After nearly a decade in power, Justin Trudeau steps down on Friday as prime minister amid a trade war and President Trump’s stated desire to annex Canada.The New York Times - 1d -
Tariffs could cost Americans an extra $1,600 a year. Here’s where to find that money in your household budget.
10 practical tips, tricks and hacks for fortifying your finances against a trade war.MarketWatch - 5d -
Game Publishers Have Too Many "Alarming" AI Loopholes, Says Striking Actors Union
Last July, SAG-AFTRA declared a strike against video game publishers over several issues, including pay and the lack of AI protections. That strike is now in its eighth month with no resolution ...GameSpot - 3d -
'Maximum pressure': U.S. and Canada's clash over tariffs overshadows G7 meeting
Secretary of State Marco Rubio denied the U.S. was in a trade war Friday as he wrapped up his trip to a meeting of top diplomats from the G7 industrialized democracies.NBC News - 1d -
Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates
A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?. Monetary policymakers on both sides of the Atlantic will be ...The Guardian - 5h -
China’s Tariffs on U.S. Agricultural Products Take Effect
The action came in response to the higher levies on Chinese imports that President Trump announced last week.The New York Times - 6d -
Half of Mexico’s exports to US risk steep tariffs
Donald Trump’s one-month concession does not apply to large swaths of goods exported northFinancial Times - 8h -
Trump meets with CEOs at Business Roundtable as market sell-off continues
Trump, a major proponent of tariffs, told the room full of business leaders that the duties he has already imposed are having a "tremendously positive impact."CNBC - 4d -
China can live with Trump’s tariffs – his bullish foreign policy will help Beijing in the long term | Steve Tsang
By turning his back on US allies and global institutions, Trump will help Xi Jinping advance his plan for a China-centric world. Is Donald Trump China’s worst nightmare or a dream come true? He is ...The Guardian - 4d -
Trump's Treasury chief on 200% EU tariff threat: 'Not sure why that's a big deal' for markets
Treasury Secretary Bessent did not answer when CNBC asked if Trump's announcement was "premeditated," or whether the Cabinet secretary knew about it in advance.CNBC - 2d -
Would Trump Risk a Recession?
The president still believes that his protectionist trade policies will be “great for us” in the long run, but won’t rule out short-term economic pain.The New York Times - 6d -
The Rising Cost of Trump’s Chaos
Confusion over trade policy is a drag on the economy as businesses slow hiring and reduce investments. Four entrepreneurs explain exactly how they’re being hit.Inc. - 1d -
Fox host asks Trump whether he is 'comfortable' that 'Ukraine may not survive'
Fox News host Maria Bartiromo pressed President Trump on whether he is “comfortable” with the idea that Ukraine “may not survive” the war with Russia. Trump sat down for an interview with Bartiromo ...The Hill - 6d -
Wine Businesses Fear Disaster in Threat of Huge Tariffs
President Trump’s threat to impose 200 percent fees on European wines could harm importers, distributors, retailers and restaurants without necessarily helping U.S. producers.The New York Times - 1d -
U.S. makes concession, dropping additional 25 percent tariff on steel & aluminum: Ontario premier
Ontario Premier Doug Ford joins Meet the Press NOW to discuss his decisions to lift the 25% surcharge on electricity exports after speaking with Commerce Secretary Howard Lutnick. It comes after ...NBC News - 4d -
Luna uses rare maneuver to try to force vote on allowing proxy voting for new parents
Rep. Anna Paulina Luna (R-Fla.) introduced a rare motion Monday seeking to force a vote on proxy voting after she struggled to balance the responsibilities of being a lawmaker and a new parent in ...The Hill - 4d -
Johnson weighs options after 'stubborn' Luna forces vote on 'unconstitutional' parental proxy voting
Speaker Mike Johnson (R-La.) is weighing his options after a bipartisan group led by Rep. Anna Paulina Luna (R-Fla.) garnered enough support to force a floor vote on legislation to allow proxy ...The Hill - 3d -
Gaza ceasefire close to collapse as aid stops
The ceasefire in Gaza is perilously close to collapsing. Food shortages have become acute, and Palestinians living in the territory are struggling to feed their families. All aid into the territory ...CBS News - Mar. 8 -
Wisconsin Supreme Court candidates to debate about Trump, Musk and key issues
A closely watched Wisconsin Supreme Court election takes center stage as Republican-backed Brad Schimel and Democratic-backed Susan Crawford are set to debate.ABC News - 3d -
Trump, tariffs and wars drain funds from climate action, warns Brazil
‘Triple negative’ puts world on course for ‘civilisation doom’, says environment ministerFinancial Times - 6d