Business News
Trump's Tariff Goal Is to Eliminate Trade Deficits. Economists Have Doubts.
The New York Times - 9 Apr 2025 06:01
Behind Trump's new tariffs is a goal that is as ambitious as it is unrealistic: eliminating the bilateral trade deficit with every U.S. trading partner.
Luxury Fashion Brands Are 'Biting Their Nails' Over EU Tariffs
The New York Times - 9 Apr 2025 06:00
As tariffs on the European Union take effect, luxury goods makers are "biting their nails" over their treasured "Made in France" or "Made in Italy" products.
Levi Strauss CEO Michelle Gass says any price hikes related to tariffs will be 'surgical'
New York Post - 9 Apr 2025 04:20
Levi's said it has a task force looking into effect of Trump's tariffs.
Even safe-haven assets may not be quite so safe anymore
Business Insider - 9 Apr 2025 15:06Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast
CNBC - 9 Apr 2025 14:53
Delta said it couldn't reaffirm its 2025 financial guidance.
Treasurys are cratering amid the tariff-induced storm. Here's what's happening with bond markets.
Business Insider - 9 Apr 2025 14:40China Hits Back Again at Trump, Bringing New Tariffs on U.S. Goods to 84%
The New York Times - 9 Apr 2025 14:35
Beijing announced a new round of 50 percent tariffs in response to President Trump's latest levies as the trade conflict between the superpowers escalates.
Unilever faces investor revolt over new chief's pay package
Sky News - 9 Apr 2025 14:06
Unilever, the FTSE-100 consumer goods giant behind Marmite and Lynx, is facing an investor backlash over its new chief executive's multimillion pound pay package.
U.S. Bond Sell-Off is Another Worrisome Echo of the Liz Truss Fiasco
The New York Times - 9 Apr 2025 13:42
Yields on U.S. Treasuries rose Wednesday as investors sold government bonds, usually a haven. In Britain, a sustained version of that trend in 2022 led to a prime minister's downfall.
Top US companies spent three times as much on buybacks than on taxes after Trump tax cuts - report
The Guardian - 9 Apr 2025 13:00
As president proposes new cuts, data shows 11 corporations collectively recorded nearly $500bn in profits since last cuts Eleven top US consumer goods corporations spent more than three times more on share buybacks than ...
Trump tariffs could lower Bitcoin miner prices outside US, says mining exec
Coin Telegraph - 9 Apr 2025 03:14
The Trump administration’s sweeping tariffs could collapse US demand for Bitcoin mining rigs, which would benefit mining operations outside the country as manufacturers will look outside the US to sell their surplus in...
Cal-Maine shares slide after egg giant acknowledges DOJ probe into sky-high prices
New York Post - 9 Apr 2025 02:55
The egg price increases have put Cal-Maine, which provides around 20% of the nation's eggs, under increased scrutiny. On Tuesday, Cal-Maine said its quarterly sales nearly doubled to $1.42 billion.
Trump tariffs have small businesses bracing for 'the end,' freezing overseas orders: 'Huge amount of strain'
New York Post - 9 Apr 2025 00:30
"This is the end of my family business," a clothing manufacturer told The Post.
Why Trump decided to take the win and paused tariff war
New York Post - 9 Apr 2025 23:57
Donald Trump finally decided to take the proverbial "win" on trade and the stock market rallied nearly 3,000 points.
House votes to nullify overdraft, larger participant rules
American Banker - 9 Apr 2025 23:56
Congressional Review Act resolutions to nullify the Consumer Financial Protection Bureau's overdraft and larger participant rules now go to President Trump for his signature.
Bitcoin Jumps to $83K After Trump's Surprise Tariff Freeze Triggers $592M in Wipeouts
Bitcoin.com - 9 Apr 2025 23:53
Bitcoin's price climbed to $83,565 on April 9, following a decision by U.S. President Donald Trump to temporarily halt a series of sweeping tariffs for 90 days. The rapid price climb triggered $592.05 million in liquidat...
Billionaires turn on Trump after tariffs shake stock market
Business Insider - 9 Apr 2025 23:41AAVE soars 13% as buyback proposal passes among tokenholders
Coin Telegraph - 9 Apr 2025 23:27
Aave’s tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol’s governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal...
We moved from New York City to a small town in Argentina. People are far more patient with my kids here.
Business Insider - 9 Apr 2025 23:27Modelo owner Constellation Brands outlook disappoints as tariffs weigh on forecast
CNBC - 9 Apr 2025 23:20
Modelo and Corona owner Constellation Brands beat quarterly earnings and revenue estimates, but its outlook took a hit from U.S. tariffs on most of its beer.
Eyeball Games unveils Pool Masters mobile game collab with How to Train Your Dragon
Venture Beat - 9 Apr 2025 22:53
Eyeball Games will soon launch its 8-ball mobile pool game, Pool Masters, and also unveiled a new collaboration with How to Train Your Dragon.
Anthropic just launched a $200 version of Claude AI -- here's what you get for the premium price
Venture Beat - 9 Apr 2025 21:51
Anthropic launches new Claude Max subscription tiers at $100 and $200 monthly, challenging OpenAI's premium offerings while targeting power users who need expanded AI assistant capabilities.