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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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1 week ago | 
flipboard.com | Danielle Kaye
6 hours ago'Deranged Lunatic': Critics Blast Trump After 'Utterly Unfit' Holiday RantThe president spent Memorial Day firing off grievance-filled messages.
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1 week ago | 
portside.org | Julie Creswell |Danielle Kaye
A Sign That Consumers Are Anxious: They’re Cutting Back on Snacks Published May 26, 2025 Consumers, worried about the economy, are pulling back on their spending, and that anxiety is translating into lower sales and profits for some of the country’s largest consumer-oriented companies. On Thursday, PepsiCo cut its full-year guidance outlook, citing a reduction in consumer spending as well as the impact the company is feeling from increased global tariffs.
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2 weeks ago | 
nytimes.com | Danielle Kaye
The president escalated battles with prominent American companies and institutions, as well as a key trading partner. The damage could be extensive. Just in: President Trump threatened Apple with stiff levies if it doesn't start making iPhones in the U.S. instead of India or China: "If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S." Shares in Apple are down sharply in premarket trading.
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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 | 
miamiherald.com | Danielle Kaye |NYT Business
Target’s woes continue. The underperforming retailer has struggled with tariff-fueled anxiety among shoppers and protests in response to its retreat from diversity policies. On Wednesday, it again fell short of expectations for quarterly sales and slashed its full-year financial forecast. Target now expects a “low-single digit decline” in sales this year, down from a projection a few months ago of a small gain.
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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.
