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1 week ago | 
bloomberg.com | Natasha Solo-Lyons
Ford Motor Co. became the latest big name to warn that President Donald Trump’s trade war is about to do significant damage at home. The iconic US company said it suspended its full-year financial guidance, pinning the blame in part on auto tariffs. Ford said it expects Trump’s levies to reduce 2025 adjusted earnings before interest and taxes by about $1.5 billion on a net basis this year.
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1 week ago | 
flipboard.com | Natasha Solo-Lyons
9 hours agoTarget makes bold move and customers are furiousTarget is making a change and shoppers aren’t happy about it. At first, many shoppers thought it was just their store. Self-checkout stations were …6 hours agoAnalysis | Trump is making foreign liberals, free trade and immigrants great againThe thermostatic Trump effect is back in a big way as Americans move against Trumpism on several fronts.
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3 weeks ago | 
bloomberg.com | Natasha Solo-Lyons
Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what economists increasingly fear is a recession dead ahead.
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1 month ago | 
bloomberg.com | Natasha Solo-Lyons
The market chaos unleashed by Donald Trump’s trade war continued for a third day as stocks, bonds and commodities all swung wildly, buffeted by both fears of a recession and speculation the financial damage will drive the Republican president to change course.
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2 months ago | 
bloomberg.com | Natasha Solo-Lyons
Get caught up.
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2 months ago | 
bloomberg.com | Natasha Solo-Lyons |David E. Rovella
President Donald Trump said he means it this time. The Republican has spent much of the past two months threatening to implement tariffs only to (with one exception) back down or delay in his usual brinkmanship-style of negotiating. But on Monday, he said his pledged levies against Canada and Mexico—America’s biggest trading partners—will most definitely happen tomorrow. Markets took him at his word and dropped sharply, with the S&P 500 seeing its worst selloff of the year.
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2 months ago | 
bloomberg.com | Natasha Solo-Lyons
The European Union is said to be broadening the list of US goods it will target with retaliatory tariffs if President Donald Trump follows through on his threat to impose duties on steel and aluminum exports. Bloomberg reported on Saturday that the US measures, if enacted, could impact as much as $29.3 billion of European exports if derivative products are hit. That would be about four times larger than the last time Trump went after Europe’s metals sector.
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Feb 3, 2025 | 
bloomberg.com | Natasha Solo-Lyons |David E. Rovella
US President Donald Trump backed away from his latest threats to start a trade war with America’s neighbors. The Republican agreed to delay for one month his threatened tariffs against Mexico and Canada after speaking with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau. Both nations had promised swift retaliation against America if Trump implemented his long-promised 25% tariffs.
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Jan 27, 2025 | 
bloomberg.com | Natasha Solo-Lyons
Wall Street had a shock to the system on concerns that a cheap artificial intelligence-model from Chinese startup DeepSeek could make valuations that have powered the bull market tough to justify. From New York to London and Tokyo, equities got hit hard on Monday. And while the slide did come after a torrid rally, the underlying reasons behind Monday’s rout could cause longer-term damage. The Nasdaq 100 sank 3% while the S&P 500 dropped 1.5%.
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Jan 22, 2025 | 
bloomberg.com | Natasha Solo-Lyons
US House Republicans are in talks over raising the cap for state and local tax deductions, potentially reversing a move by the GOP eight years ago. New York Republicans are having discussions with the Trump administration about how to raise the $10,000 SALT cap so that their constituents can deduct more local income and real estate taxes. Lawmakers said they are hoping to come up with a figure for the deduction cap in the coming weeks—potentially as soon as February.
