President Trump had been hammering Panama for weeks over its most valuable asset, the Panama Canal, saying, without evidence, that China operated the waterway. There seemed to be no way Panama could get Washington off its back. On Tuesday, Wall Street intervened. An investment group led by BlackRock, a giant American asset manager, said it … Read more
The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan … Read more
The good, bad and puzzling Corporate leaders and investors expected a bit of volatility to accompany President Trump’s second term. In many ways, that’s exactly what has happened one month in, with the radical cutting of the federal government, threats of trade wars and more. But amid a flurry of unexpected announcements — talks over … Read more
Shari Redstone, the controlling shareholder of the entertainment giant Paramount, delivered a crucial message to her board a few weeks ago. For months, Paramount’s lawyers had been jousting with representatives for President Trump, who had sued the company’s CBS News network over its segment on former Vice President Kamala Harris. Mr. Trump accused the network … Read more
Global stocks tumbled on Tuesday as investors’ concerns over the future health of the economy mounted after President Trump’s broad tariffs against Canada, Mexico and China went into effect. The S&P 500 fell 0.7 percent at the start of trading on Tuesday, adding to the 1.8 percent loss on Monday that was its sharpest decline … Read more
Global stock markets and shares in European carmakers tumbled on Tuesday as President Trump’s broad tariffs against Canada, Mexico and China came into effect. European stocks slumped as investors weighed the prospects of a global trade war after China and Canada quickly retaliated with tariffs of their own. U.S. futures signaled that the S&P 500 … Read more
European defense stocks soared on Monday after the region’s leaders vowed to take on “the heavy lifting” of defending Ukraine from Russia. The rally comes as the three-year-old war appears set to move into a new stage after an Oval Office blowup on Friday put President Volodymyr Zelensky of Ukraine on the outs with President … Read more
DealBook’s Lauren Hirsch is in Miami Beach at the FII Priority conference, where President Trump floated the idea of sending Americans a dividend or refund check from money saved by DOGE rather than use all of it to pay down the debt. More below. Separately, since you may read about this elsewhere, I thought I’d … Read more
Rising prices hit a trade war President Trump isn’t backing off his tariff threats, despite the potential risk to the U.S. economy and financial markets. That puts additional focus on the latest Personal Consumption Expenditures report, the Fed’s favored inflation measure. It’s due for release at 8:30 a.m. Eastern. The question is whether lingering inflation … Read more
A union takes on Tesla over its stock price As Elon Musk’s norm-shattering influence in Washington has grown — consider his unprecedented cameo at President Trump’s first cabinet meeting on Wednesday — he has drawn intense scrutiny and opposition. The latest pushback comes from the American Federation of Teachers, one of the nation’s biggest labor … Read more