Pete Gannon

16 hours ago | axios.com | Pete Gannon

The Trump administration today officially acknowledged what businesses have been saying for weeks: The trade war with China is "unsustainable" in its current form. Besides that, however, businesses and investors are no clearer on what a trade agreement might actually look like when the dust settles.

1 week ago | axios.com | Pete Gannon

Illustration: Sarah Grillo/AxiosAs the U.S. heads into earnings season, Wall Street executives raised caution Friday over an economy gummed up by economic uncertainty. Why it matters: Between sliding consumer sentiment and forecasts of slowing economic growth, the latest comments from Big Bank earnings calls add to the emerging picture of an economy on edge.

2 weeks ago | axios.com | Pete Gannon

President Trump's tariffs are set to go into effect at midnight, and at least for now — with roughly six hours to go — the White House appears poised to slap a triple-digit levy on China. State of play: "Negotiations" has been the word of the day. The White House has spent much of Tuesday touting the "massive amount of requests" for talks from the roughly 80 trading partners set to be hit with tariffs tonight.

2 weeks ago | axios.com | Pete Gannon

Stocks cratered for a second day following a tariff retaliation from China and a signal from the Fed that it won't be coming to the rescue. The S&P 500 fell another 6%, and it's now fallen 10.5% in two days — the largest two-day drop in five years, which sent it back firmly into correction territory. The Nasdaq shed another 5.8%, bringing its two-day drop to 11.4%, and putting the tech-heavy index into a bear market — down over 22% from its high in February.

3 weeks ago | axios.com | Pete Gannon

Eric Trump and Donald Trump Jr. Photo: Chip Somodevilla/Getty ImagesTwo of President Trump's sons are investing in a new bitcoin mining venture. Why it matters: The deal further expands the first family's business interests in the crypto industry, even as President Trump continues to push favorable digital currency policies. Driving the news: Eric Trump and Donald Trump Jr. have inked a deal with the publicly traded bitcoin mining company Hut 8 to create the new company, American Bitcoin Corp.