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2 weeks 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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1 month ago | 
bloomberg.com | Natasha Solo-Lyons
Get caught up.
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1 month 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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1 month 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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2 months ago | 
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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2 months ago | 
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.
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Jan 13, 2025 | 
bloomberg.com | Natasha Solo-Lyons
Los Angeles and the rest of Southern California face a second week of fierce winds that are turning wildfires into blowtorches, putting a larger number of lives at risk and destroying more homes, businesses and landmarks. Extreme fire conditions are forecast across 2,267 square miles (5,872 square kilometers) around Los Angeles through Tuesday as winds whip flames with tropical storm-strength gusts.
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Jan 6, 2025 | 
bloomberg.com | Natasha Solo-Lyons
Prime Minister Justin Trudeau is resigning after more than nine years leading Canada, bowing to sagging approval numbers and a rebellion within his own party. Currently the longest-serving leader of any Group of Seven country, the 53-year-old said Monday he’ll step down as head of the governing Liberal Party within months. He will remain as prime minister until a new leader is selected, with parliament suspended until March 24 while that process is underway.
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Dec 9, 2024 | 
bloomberg.com | Natasha Solo-Lyons |David E. Rovella
China’s escalating conflict with the US over trade is now extending to drones that have become a vital part of Ukraine’s defense against Russia’s war. Chinese manufacturers are said to have recently begun limiting sales to the US and Europe of key components used to build unmanned aerial vehicles. The moves are said to be a prelude to broader export restrictions on drone parts that western officials expect Beijing to enforce in the new year.
