Latest in Tesla, Tariffs and a Market Meltdown
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'Volatility and conflict’: Business leaders sound warnings over Trump's tariffs
Ray Dalio warned of "fighting" between countries over tariffs, while Marc Benioff said reciprocity needs to be consistent or risk "volatility and conflict."CNBC - 3d -
Counter-counter-tariffs? Trump threatens to hit back against EU's retaliation
U.S. President Donald Trump threatened Wednesday to hit back against Europe's own retaliatory move against the U.S.' 25% tariffs on steel and aluminum imports.CNBC - 2d -
Trump Threatens 200% Tariff on Champagne and Wine From Europe
The president said he would impose the levies if the European Union did not walk back plans to place retaliatory tariffs on whiskey and other U.S. products.The New York Times - 2d -
This American winemaker doesn’t like Trump’s tariffs — but its stock is climbing
Willamette Valley Vineyards founder Jim Bernau said uncertainty caused by Trump’s tariffs is making consumers spend less and has destabilized the U.S. wine industry.MarketWatch - 2d -
Trump makes some false or misleading claims to justify Canada tariffs
President Trump has imposed steep tariffs on Canadian goods, citing trade imbalances and drug trafficking. But many of his claims exaggerate or misrepresent the facts.CBS News - 2d -
Trump's tariffs could push U.S. allies elsewhere — including China and India
U.S. tariffs could push allies to forge closer relationships with other countries like China and India, according to former U.S. diplomat Wendy Cutler.CNBC - 2d -
Tariff timeline: How Trump turned global trade into an economic battlefield
Trump has praised tariffs as a fix for economic issues, but their erratic rollout and shifting reasons have worried investors. See a timeline of the president’s trade rhetoric.NBC News - 1d -
Canadians are mad as hell and ready for a battle over Trump tariffs
Canada is in a trade war with the U.S. due to Trump's tariffs and lies, and is retaliating by boycotting American goods, which will have a significant impact on the U.S. economy.The Hill - 18h -
Tariffs on goods may be a prelude to tariffs on money
Capital inflows could be the Trump administration’s next targetFinancial Times - 2d -
Maggie Haberman: Stock market drop not something Trump, aides can ‘explain away’
New York Times political correspondent and CNN contributor Maggie Haberman said the drop in the stock market is not something President Trump or his aides can “explain away.” Haberman joined CNN’s ...The Hill - 4d -
Pioneer fintech firm Klarna sees revenue boost as it eyes US stock market listing
Swedish company’s valuation jumped 24% in 2024 as ‘buy now, pay later’ market is projected to top $160bn by 2032. The Swedish fintech firm Klarna disclosed on Friday that its revenue jumped 24% in ...The Guardian - 1d -
Fired Federal Workers Face a Sluggish Job Market
Unemployment is low, but there isn’t much room to move around — especially for those with highly government-specific skills.The New York Times - 6d -
Three NHL Clubs That Made The Best Of A Seller’s Market
The NHL trade deadline saw contenders mortgage their future by trading future first-round picks and top prospects to add players to help in their pursuit of a Stanley Cup.Yahoo Sports - 5d -
Tuesday Briefing: U.S. Recession Fear Rattles Markets
Plus, how a leader’s gambit failed.The New York Times - 5d -
Late Night Takes Stock of Trump’s Effect on the Markets
“In the first Trump term, it took a disease to destroy the economy,” Stephen Colbert said. “This time, he’s the disease.”The New York Times - 5d -
What lies behind the dramatic shift in markets
The sudden change in investors’ growth expectations for the three largest economies is upending many consensus tradesFinancial Times - 5d -
European stocks steady after US markets plunge
The global sell-off eases in Europe after US shares are hit by President Trump saying the economy is in "transition".BBC News - 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 - 4d -
Faisal Islam: Trump is no longer swayed by the stock markets
The assumption that the US president would row back on policies if shares fell no longer holds true.BBC News - 4d -
How the Stock Market Has Done Under Trump
When President Trump entered his first term, stocks were steadily marching upward. This time, the trajectory has inverted.The New York Times - 2d -
The Stock Market Tends to Rally Big After a Correction
The S&P 500 is down 10 percent from its recent high, but long-term investors shouldn’t sweat it.Inc. - 1d -
Stock market moves since Trump's election
Major U.S. indexes and DJT stock performance since election day.CNBC - 1d -
Klarna files for US IPO despite market tumult
New York listing of buy now, pay later group will test investor appetite for fintech sectorFinancial Times - 1d -
Why the worst of this stock-market correction may be over
If this downturn is typical, the S&P 500 will lose 13.6% in total, bottom in mid-May and be recovered by September.MarketWatch - 14h -
‘Major brand worries’: Just how toxic is Elon Musk for Tesla?
With sales down and electric vehicle rivals catching up, the rightwing politico’s brand is driving into a storm. Globally renowned brands would not, ordinarily, want to be associated with Germany’s ...The Guardian - Mar. 8 -
Tesla stock is falling because Elon Musk’s stock is falling
The company is valued more as a moonshot rather than a carmakerFinancial Times - 4d -
Trump promises to buy a Tesla after electric-car maker’s shares tumble
US president’s late-night social media post follows company’s 15% share price dropFinancial Times - 4d -
Trump Poses With a Tesla, a Move Aimed Solely at Helping Musk
President Trump has spent years bashing electric vehicles. But with Elon Musk by his side, he said he would buy a bright red one.The New York Times - 4d -
Tesla Stocks Tumble as Elon Musk’s Political Role Grows More Divisive
The automaker’s shares soared after Election Day as Elon Musk took a high-profile role as a Trump adviser. Now those gains have evaporated.The New York Times - 3d -
Donald Trump Bought a $90,000 Tesla With 37 Recall Notices Against It
Here’s hoping Elon Musk won’t have to personally fix President Trump’s new EV anytime soon.Wired - 3d -
Donald Trump Bought a $90,000 Tesla With 37 Recall Notices Against It
Here’s hoping Elon Musk won’t have to personally fix President Trump’s new EV anytime soon.Wired - 3d -
Trump’s Tesla Display at the White House Revives Memories of Musk in Beijing
When President Trump hosted Elon Musk and his electric vehicles this week, it recalled a visit years earlier to the Communist Party’s leadership compound.The New York Times - 2d -
Trump's White House Tesla showcase for Musk raises ethics concerns
Ethics experts are sounding the alarm that the president's event with Elon Musk could eliminate the lines of proper objectivity from elected officials.ABC News - 2d -
Ben Jennings on Elon Musk and the backlash against Tesla – cartoon
Discover and buy more of Ben’s cartoons here Order your own print of this cartoon from the Guardian Print Shop Continue reading...The Guardian - 2d -
Democrats push investigation into Trump, Musk White House Tesla event
Senate Democrats are seeking an investigation into President Trump and adviser Elon Musk's use of the White House to promote Musk's business interests, alleging a violation of federal ethics laws.The Hill - 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 - 1d -
Trump makes new Mexico, Canada tariffs threat as UAW leader backs his policy
Shawn Fain, the president of the United Auto Workers union, is backing President Trump's tariffs strategy. This comes as President Trump says tariffs against Canada and Mexico could rise in the ...CBS News - 5d -
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 - 4d -
China imposes retaliatory tariffs on Canadian farm and food products
China has announced retaliatory tariffs on some Canadian farm and food imports, after Canada imposed duties in October on Chinese-made electric vehicles and steel and aluminum productsABC News - Mar. 8 -
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 - Mar. 8
