Latest in Trump economic advisor Kevin Hassett warns of more uncertainty over tariffs
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Trump pledges to match EU and Canada's retaliatory tariffs
Trump repeated trade threats after the European Union and Canada retaliated to US steel and aluminium tariffs.BBC News - 6d -
Trump threatens 200% tariff on alcohol from EU
Wine and spirits will be taxed, Trump says, if the EU does not remove tariffs on US whiskey.BBC News - 5d -
C.E.O.s Will Meet With Trump Amid Fears About Tariffs’ Fallout
The president is set to meet with corporate leaders on Tuesday, as concerns over his protectionist trade policies weigh on markets and the economy.The New York Times - Mar. 11 -
S&P 500 tumbles into ‘correction’ on fresh Trump tariff threats
Gold surges to all-time high as investors seek safety amid doubts over Ukraine ceasefireFinancial Times - 5d -
Ocasio-Cortez warns Senate Democrats over advancing stopgap spending measure
Rep. Alexandria Ocasio-Cortez (D-N.Y.) urged her Democratic colleagues in the Senate to vote against the House-passed stopgap spending measure, warning them to be weary of "procedural games." “It ...The Hill - 6d -
U.S. tariffs could thrust Germany into recession, central bank governor says
Ongoing U.S. tariffs could push Europe's largest economy into a recession, German central bank President Joachim Nagel warned.CNBC - 5d -
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 - Mar. 11 -
Global stock markets register heavy falls as White House tries to talk up Trump tariffs
Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...The Guardian - Mar. 10 -
Universities impose hiring freezes in face of uncertainty over federal funding
At least two Ivy League universities abruptly stopped hiring faculty Monday, partly prompted by fear that federal grant funding will be cut.NBC News - Mar. 10 -
Chris Mason: Uncertainty over benefits changes could go on for some time
It could be some time before people know how they may be affected by the government's benefits overhaul.BBC News - 9h -
Trump threatens 200% tariff on E.U. wine and liquor
President Donald Trump threatened Thursday to impose 200% tariffs on alcohol from the European Union in response to the region's retaliatory 50% tariff on U.S. whiskey, further escalating tensions ...NBC News - 5d -
Trump threatens big tariffs on European Union's alcohol
President Trump is threatening a steep tariff on all alcohol from the European Union after a retaliatory tariff on popular U.S. goods was announced. CBS MoneyWatch correspondent Kelly O'Grady reports.CBS News - 5d -
Ulta issues weak guidance, citing consumer uncertainty, rising competition and company missteps
Ulta Beauty warned that profits and revenue will be worse than Wall Street expected in the year ahead.CNBC - 5d -
The Guardian view on US-Europe relations: Britain is coming to a fork in the road | Editorial
For now Keir Starmer can say there is a middle way, but Donald Trump will soon force Britain to pick a side. No country can avoid the economic impact of Donald Trump’s aggressive trade policy. ...The Guardian - 6d -
Trump eyes more coal power
President Trump is hoping to see more of the nation’s energy produced with coal, he said in a social media post Monday night. Trump wrote he is “authorizing” his administration to “immediately ...The Hill - 14h -
The team behind Trump’s economic shock therapy
The US president’s officials are standing by their strategy to remake the world’s largest economyFinancial Times - Mar. 12 -
The Trump team administering economic shock therapy
Also in today’s newsletter, government spending hit a record high last monthFinancial Times - 5d -
Don't click on road toll texts. FBI issues fresh warning about the smishing scam
The FBI is warning Americans not to respond to scam road toll collection texts after receiving more than 2,000 complaints this monthABC News - 5d -
Don't click on road toll texts. FBI issues fresh warning about the smishing scam
The FBI is warning Americans not to respond to scam road toll collection texts after receiving more than 2,000 complaints this monthABC News - 5d -
CNBC Daily Open: The U.S. and Canada skirmish over tariffs, roiling markets
The White House engaged in a brief trade war with Canada on Tuesday over energy surcharges and steel tariffs. Cooler heads prevailed but markets weren't calmed.CNBC - Mar. 12 -
Tesla faces backlash over Elon Musk's ties to Trump and far-right support
Tesla shares have plunged more than 47% since President Trump's inauguration as criticism mounts over Elon Musk's involvement in the administration and his statements backing far-right views. ...CBS News - Mar. 11 -
Canadians drop their politeness in the wake of Trump's tariffs
President Donald Trump’s tariffs on Canadian goods are eroding the inherent politeness of Americans’ northern neighbors and rallying them around their own flag.NBC News - Mar. 8 -
Trump Administration to Confront Countries With New Tariff ‘Number’
Treasury Secretary Scott Bessent provided new details into how President Trump will roll out a sweeping and elusive tariff measure planned for April 2.The New York Times - 15h -
How new tariffs could make beer more expensive
A new 25% tariff on imported aluminum and steel takes effect today, raising costs for industries that rely on metal. For craft breweries like Talea Beer Co., the price hike could mean higher costs ...CBS News - 6d -
The America-First President Doesn’t Care About a Last-Place Stock Market
Wall Street is mixed on whether to buy the dip through tariff uncertainty.Inc. - 6d -
CNBC Daily Open: U.S. markets slump as Trump dismisses economic fears
Aiming to boost the economy, U.S. President Donald Trump is firing off a salvo of policies and causing collateral damage within the country’s own borders.CNBC - Mar. 11 -
Trump economic team’s effort to calm recession fears falls flat
Calling bad news a temporary phenomenon didn’t work out well for Biden and it won’t for Trump, former Treasury Secretary Larry Summers said.MarketWatch - 6d -
Trump downplays infighting between Elon Musk, Marco Rubio, other officials
President Trump is backing a House Republican plan to avert a government shutdown next week. He also played down reports of in-fighting in his Cabinet with advisor Elon Musk. Nikole Killion has the ...CBS News - Mar. 8 -
There’s only one thing in Mark Carney’s in-tray: Trump
Canada’s incoming prime minister warns the US president’s tariffs threaten the ‘greatest crisis of our generation’. When Mark Carney becomes Canada’s prime minister later this week, a list of ...The Guardian - Mar. 10 -
Congress keeps a distance on Trump’s tariff rate disputes
President Trump's tariffs on Canada and Mexico, as well as his exemption of North American trade agreement-protected goods, has led to a hands-off approach from Congress, which has been reluctant ...The Hill - 5d -
Treasury Secretary Scott Bessent "not concerned" about market volatility
Treasury Secretary Scott Bessent is trying to reassure the public about the state of the economy amid recent market struggles following President Trump's tariff threats. David Wessel, Brookings ...CBS News - 5d -
Trump does not rule out recession as he rejects business fears over tariffs
US administration concedes some prices might rise as fears grow of trade chaos causing disruptionFinancial Times - Mar. 9 -
Tribes and Students Sue Trump Administration Over Firings at Native Schools
More than one quarter of the staff members at the only two federally run colleges for Native students were cut in February.The New York Times - Mar. 9 -
Consumer outlook sinks as recession fears take hold
Consumers are growing increasingly pessimistic about their financial future as a wave of economic uncertainty takes hold.CNBC - Mar. 11 -
Trump creates 2026 FIFA World Cup task force
"I think it's going to make it more exciting," Mr. Trump said of playing the World Cup amid sharp rhetoric between leaders of the host nations amid the on-again, off-again tariffs.CBS News - Mar. 7 -
U.S. economy on shaky footing, Trump calls it a "detox period"
The U.S. economy is on shaky footing. The Trump administration calls it a "detox period" as it overhauls the federal government with layoffs, funding cuts and new tariffs. For markets, it's ...CBS News - Mar. 8 -
Charities and MPs warn Starmer over benefits changes
Sir Keir Starmer has faced concerns from Labour backbenchers who have expressed anger at proposals.BBC News - 1d -
Trump’s Tariffs on Steel and Aluminum Take Effect
President Trump imposed a 25 percent tariff on metal imports. The move is expected to raise costs for U.S. manufacturers of cars, solar panels and other products, potentially slowing the economy.The New York Times - 6d -
Trump says tariff approach shows 'flexibility' not 'inconsistency'
President Trump on Wednesday disputed that his repeated threats of tariffs followed by exemptions or backtracking was not a case of inconsistency, but of “flexibility,” even as the approach has ...The Hill - 6d -
Bessent reveals how Trump will decide reciprocal tariffs
President Trump’s reciprocal tariffs could go well beyond matching import taxes imposed on U.S. goods by other nations, Treasury Secretary Scott Bessent said Tuesday. In an interview, Bessent said ...The Hill - 14h