Trump Wants to Kill Carried Interest. Wall Street Will Fight to Keep It.
President Trump has been trying to eliminate the tax loophole, which benefits Wall Street, but Congressional Republicans may stand in the way.
Read more at The New York Times
Topics
-
Wipeouts on Wall Street
Plus, Perella Weinberg’s decade-long legal fight finally nears its end and Britain’s biggest grocers waver under private equityFinancial Times - 1d -
Wall Street Journal: 'Someone should sue' Trump over tariffs
The Wall Street Journal editorial board took a swipe at President Trump's recent tariff threats, alleging the administration is using a 48-year-old law to start a trade war. In a recent op-ed, the ...The Hill - 3d -
Wall Street Journal warns there could be a coming 'Trump recession'
The editorial board of the Wall Street Journal is predicting that a full blown economic recession could be coming after a rough day for investors on Monday. "Stock prices have been richly valued ...The Hill - 19h -
Wall Street sell-off amid economic uncertainty, Trump weighs in on looming government shutdown
Wall Street is looking to rebound on Tuesday after recession fears and confusion about President Trump's tariffs caused a market plunge on Monday. Meanwhile, the clock is ticking on Capitol Hill ...CBS News - 20h -
Wall Street loses hope in a ‘Trump put’ for markets
US president’s tolerance for tariff-induced stock falls may be higher than anticipated, say investorsFinancial Times - 15h -
Senate GOP frets as Wall Street takes dip over tariffs, talk of recession
Senate Republicans expressed new worries about the economy Monday after Wall Street had one of its worst days in years amid a trade war and remarks from President Trump that did not rule out the ...The Hill - 23h -
Wall Street reacts to Trump's tariff flip-flopping with Canada
U.S. stocks racked up heavy losses for a second straight day in a volatile session that had investors fixated on President Trump's ever-evolving trade war with Canada. Kelly O'Grady explains.CBS News - 8h -
Inflation worries resurfaced even before Trump ramped up tariffs. Don’t expect angst to go away.
Wall Street was already nervous about a potential rise in inflation because of President Trump’s tariffs — and the last thing investors want to see is another disappointing reading on prices even ...MarketWatch - 14h -
Chipmakers are finding that good earnings aren't enough to please Wall Street
After investors poured into semiconductor stocks last year, expectations are high, and companies are having trouble making Wall Street happy.CNBC - 4d -
When It Comes to the Economy, Does Trump Have Musk’s Pain Tolerance?
Wall Street’s slide puts pressure on Musk and Trump, for different reasons.The New York Times - 1d -
Fed chief Jay Powell plays down growth worries after jobs report disappoints
Chair says US central bank in no ‘hurry’ to cut interest rates at end of turbulent week for Wall StreetFinancial Times - 4d -
Wall Street slide pulls S&P 500 into correction territory
Donald Trump’s latest trade broadside against Canada sparks renewed declines in volatile sessionFinancial Times - 12h -
Stock market opens low following Wall Street's worst day in years
The stock market opened in the red as a major sell off continues prompted by fears of a recession and uncertainty from President Donald Trump's tariffs. NBC News' Brian Cheung reports on what could ...NBC News - 19h -
A Bad Day on Wall Street
Also, Rubio said Ukraine must cede territory in exchange for peace. Here’s the latest at the end of Monday.The New York Times - 1d -
U.S. stock futures fall after a rough week on Wall Street, as Trump won’t rule out recession
U.S. stock futures fell Sunday, as President Donald Trump offered little reassurance after the S&P 500 had its worst week since September.MarketWatch - 2d -
Justice Department is looking into egg prices in antitrust probe, report says
A report in The Wall Street Journal says DOJ investigators are looking into whether egg producers are working together to keep egg prices high.CNBC - 4d -
Investors fear that market turmoil will no longer rein in Trump
Also in today’s newsletter, meet the revered Wall Street veteran with two protégés planted in the president’s inner circleFinancial Times - 20h -
Top Wall Street analysts are bullish on these dividend stocks
TipRanks' analyst ranking service highlights three dividend-paying stocks, including Coterra Energy and Walmart.CNBC - 2d -
Wall Street Sinks as Recession Fears Loom
Last week’s steep sell-off resumed, with all three major U.S. indexes suffering sharp declines.Inc. - 1d -
3/11: CBS Evening News Plus
Wall Street reacts to Trump's tariff flip-flopping with Canada; Reporter's Notebook: "Animal spirits" and the stock marketCBS News - 3h -
Stocks Fall Further on Trump’s Latest Tariff Talk
The S&P 500 is nearly 10 percent below its mid-February record — approaching a symbolic milestone known on Wall Street as a correction.The New York Times - 11h -
Canada’s New PM Tells Trump: If Want a Fight, We’ll Kick Your Butt
Former central banker Mark Carney has managed the financial crisis and Brexit. He’s not backing down from a trade war with the U.S.Inc. - 1d -
Republicans warn Trump not to let trade war drag as he doubles down on tariff threats
Senate Republicans are warning President Trump to not let his trade war drag on as his latest escalation sent Wall Street further into turmoil. Trump on Tuesday threatened to double tariffs on ...The Hill - 9h -
A Lebanese Woman Fights for Women’s Rights in the Middle East
Lina Abou-Habib is fighting inequality, working to change laws that make it difficult for women to keep custody of their children and block residency for children in a mother’s home country.The New York Times - 5d -
Trump Looms Over Greenland’s Election, but Voters Have Other Concerns
President Trump keeps saying he wants to “get” Greenland. On Tuesday, Greenland votes for a new parliament that could shape its future relations with the United States.The New York Times - 1d -
Wall Street stocks drop as investors fret over US economic slowdown
Tech shares hit as Tesla gives up all its post-election gainsFinancial Times - 1d -
Fintech stocks plummet as Wall Street worries about consumer spending, credit
Fintech stocks were some of the biggest decliners on Monday as the Nasdaq suffered its steepest drop since 2022.CNBC - 1d -
Trump addresses economy concerns amid shifting policy on tariffs
President Donald Trump addressed concerns around the economy after a volatile week on Wall Street. It comes as Trump imposed tariffs on Canada and Mexico only to change course and pause some ...NBC News - 3d -
Trump on recession chances: ‘I don’t see it at all’
Canada canceled its planned surcharges on electricity to the U.S. after President Trump threatened to double his planned tariffs on Canadian steel and aluminum. Capping a wild day on Wall Street, ...NBC News - 10h -
Entire families reportedly killed in fighting in north-west Syria, UN says
Human rights commissioner calls for investigation into ‘extremely disturbing’ attacks in Latakia province. The UN has condemned what it called “extremely disturbing” reports of entire families ...The Guardian - 2d -
The Populist vs. the Billionaire: Bannon, Musk and the Battle Within MAGA
President Trump has made clear he wants to keep both men and their allies within his movement, but the tensions are growing.The New York Times - 2d -
How House Republicans plan to keep the government funded
President Trump is endorsing a House Republican plan to keep the government funded until September through a continuing resolution. CBS News' Taurean Small reports.CBS News - 1d -
Markets open down again, Trump announces more tariffs against Canada
Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...CBS News - 18h -
Hundreds of civilians reported killed in massacres as violence in Syria spirals
International alarm is growing over fighting in western Syria, where hundreds of civilians have been reportedly killed amid intense clashes.ABC News - 3d -
James Carville is wrong. Democrats should fight, not ‘play dead.’
Democrats must fight back against Trump and his agenda, as a lack of action will make them appear weak and Americans will despise weakness.The Hill - 3d -
Los Angeles prosecutor will fight release of Menendez brothers from prison
The Los Angeles County district attorney says he will fight a renewed push for Lyle and Erik Menendez to be released from prison. The two brothers were convicted of killing their parents more than ...CBS News - 1d -
Are you fur real? Gone is the social stigma around wearing animal skins | Ellie Violet Bramley
From gen Z’s interest in ‘natural’ materials to the darker ‘boom boom’ aesthetic of the Trump era, the trend wheel has turned back to pelts. I’ll admit it, Carrie Bradshaw in aviators and a fur ...The Guardian - 2d -
One of Wall Street’s biggest bulls now says a flash crash can’t be ruled out
Ed Yardeni says a bear market for stocks may already be underway, and a “flash crash” can’t be ruled out.MarketWatch - 1d -
Lawmakers urge Trump administration to cancel owl-killing plan
A bipartisan group of lawmakers urge the Trump administration to scrap plans to kill more than 450,000 invasive barred owls in West Coast forests in coming decadesABC News - 1d
More from The New York Times
-
Southwest Airlines Will Begin Charging for Checked Bags, Ending a Beloved Policy
Customers with the highest loyalty status will be spared from the fee, but others will have to pay for checked bags for flights booked from May 28.The New York Times - 15h -
Nissan, Facing Mounting Challenges, Replaces Its C.E.O.
The automaker said on Tuesday that Makoto Uchida would step down. The company has said it would slash global production capacity and cut thousands of jobs.The New York Times - 15h -
Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
Concern about the cost of materials has tempered business enthusiasm about taxing imports. But steel and aluminum makers say they welcome the help.The New York Times - 1d -
Inside Trump’s War on the I.R.S.: Dropped Audits and a Skeleton Staff
President Trump is planning to gut the work force while trying to turn the I.R.S. into a more political agency.The New York Times - 1d -
Undocumented Workers, Fearing Deportation, Are Staying Home
Fearing roundups, many immigrants are staying home. Construction, agriculture, senior care and hospitality employers say labor shortages will worsen.The New York Times - 1d
More in Business
-
Here’s your chance to become Jeff Bezos’s neighbor—at a $50 million discount
Bezos’s neighbor has lowered the price of a waterfront parcel on the exclusive Indian Creek Island near Miami Beach, Florida.MarketWatch - 10m -
The SEC Has a Lone Democrat, Caroline Crenshaw
Caroline Crenshaw, the lone Democratic commissioner at the Securities and Exchange Commission, is offering dissenting views at the regulatory agency reshaped by President Trump.The New York Times - 10m -
New Trends in Cruising: Exclusive Beach Clubs
Following the success of its Bahamian island, CocoCay, Royal Caribbean is opening an exclusive beach club a stone’s throw from Nassau, with promises of new opportunities for local tourism. Some ...The New York Times - 11m -
DOGE’s Next Casualty? The Women’s Workwear Brand Dressing the D.C. Set
Elon Musk’s government cost-cutting efforts have unintentionally bled into the fashion world.Inc. - 12m -
Marilyn Manson lists restored, midcentury modern L.A. home for $2.75 million
Rocker Marilyn Manson listed the Glendale, Calif., property 3 months after dropping a lawsuit against his former fiancée, Evan Rachel Wood.MarketWatch - 12m