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4 days ago | 
nytimes.com | Andrew Ross Sorkin |Bernhard Warner |Sarah Kessler |Danielle Kaye
Andrew here. To kick off the week, I've been digging into a new study quietly making its rounds in corporate boardrooms. The analysis suggests Delaware's judiciary has created a veritable fee machine for lawyers, raising pointed questions about the state's long-held status as the preferred incorporation haven. Meanwhile, investors are focused on new comments from the White House and China on the tariff battle.
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1 week ago | 
nytimes.com | Andrew Ross Sorkin |Bernhard Warner |Sarah Kessler |Danielle Kaye
Ray Dalio calls it the "3 percent solution," and it's gaining attention with White House officials and senior Republicans as a potential fix to America's fiscal woes even as the party pushes ahead with a mega spending bill that's roiling the bond markets. For the past couple of weeks, advance copies of Dalio's forthcoming book, "How Countries Go Broke: The Big Cycle" - and Dalio himself - have been making the rounds with policymakers in Washington and investors in New York.
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1 week ago | 
nytimes.com | Andrew Ross Sorkin |Bernhard Warner |Sarah Kessler |Danielle Kaye |Vivienne Walt
The Trump administration's blessing of Nippon Steel's acquisition of U.S. Steel is a potential watershed moment for the role of government in American industry. While details are still being finalized, the reported conditions - including an American C.E.O., a U.S.-majority board and a "golden share" granting the U.S. government veto power over certain corporate functions and board appointments - are extraordinary for such a transaction.
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2 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Edmund Lee |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Danielle Kaye
House Republicans overcame bitter differences to deliver President Trump a major victory on Thursday. Minutes ago, they narrowly passed a spending bill that packs in huge tax cuts and guts many of Joe Biden's signature policies on student-debt relief and climate transition efforts. The next hurdle is the Senate, where Republican lawmakers - especially those looking to preserve elements of Biden initiatives and Medicaid entitlements - could claw back some cuts.
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2 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Edmund Lee |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Danielle Kaye | +1 more
Investors in American government debt are getting antsy. The yield on the 30-year Treasury bond passed 5 percent on Wednesday, with traders seemingly spooked over a Republican budget bill that could push U.S. fiscal debt into record territory. President Trump made no mention of that on Tuesday during his trip to Capitol Hill to whip up votes for the legislation. A reminder of the stakes: The bill could be key to Trump's domestic agenda, and would determine fiscal policy for years.
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2 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Edmund Lee |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Danielle Kaye
Volatility has returned to the markets. As President Trump's trade war continues, global investors are fretting about America's rocky finances while congressional Republicans negotiate a spending megabill that could add $3.3 trillion to the deficit over the next decade. House Republicans, holding a tiny majority, are aiming for a floor vote this week whose outcome is uncertain.
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2 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Edmund Lee |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Maureen Farrell
The "sell America" trade is back in focus on Monday. Investors are bracing for a triple threat of an inflationary trade war, President Trump's tax cut plan swelling the federal deficit, and fallout from Moody's cutting America's triple-A credit rating. That adds pressure on the White House to make trade deals, and on House Speaker Mike Johnson to win over Republican fiscal hawks to make Trump's big campaign vow - permanent tax cuts - a reality.
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3 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee
Whatever ambitious foreign policy goals President Trump held for his Middle East trip, at least the entourage of business leaders who've accompanied him there seem happy. The president is set to wrap up his three-country tour on Friday, after striking a litany of pledges by oil-rich Gulf states to deepen business ties with U.S. companies. "We're developing a lot of fans," Trump said at a news conference on Friday. But the deal flow is already drawing political pushback at home.
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3 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee |Ravi Mattu
House Republicans hope to push through President Trump's "big, beautiful" spending bill as soon as next week. But investors are getting antsy. Government bonds sold off again amid worries about the deficit-expanding effects of Trump's tax cuts, the cornerstone of a major budget package being debated in the lower chamber. The budget bill faces stiff resistance - including from some Senate Republicans - and it's putting America's strained finances in focus.
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3 weeks ago | 
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee
Business leaders who had high hopes for the second Trump administration hadn't signed up for the turmoil of his trade war. President Trump's deals-focused visit to Saudi Arabia is more of what they had in mind. Leaving aside questions of how many of the multibillion-dollar agreements the administration announced on Tuesday were actually new, the first leg of Trump's trip to the Middle East underscores that his transactional instincts are what corporate leaders have been betting on.
