Ravi Mattu
Managing Editor at DealBook
Managing editor of @DealBook at @nytimes, based in London. Ex-@FT, @prospect_uk & @harpers. RT ≠ endorsements. Profile illustration by @KangHexin.
Articles
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1 week ago |
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee
All of our products are made in the U.S., but like many brands, we've historically relied on components from overseas - particularly China. After the COVID-19 disruptions, we realized how fragile global supply chains had become and began shifting aggressively toward domestic sourcing. It's been a multiyear investment, but today more than 90 percent of our cost of goods sold is U.S.-sourced.
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1 week ago |
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee | +1 more
Investors are breathing a bit easier on Monday, with markets rallying in Asia and Europe on hopes for a reprieve on tech tariffs. The optimism seems to contradict President Trump's own words. The president has signaled that yet another round of levies are on the way, sowing more confusion among business leaders about what's on, what's off - and how to deal with their new reality. Is Trump undermining his own position?
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2 weeks ago |
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee
The relief rally has gone global, for now. Stocks in Asia and Europe have rebounded after President Trump's drastic U-turn on tariffs. Turmoil in the bond markets has cooled, as investors hope that the president averted crashing the global economy into recession. But U.S. stock futures are in the red as uncertainty abounds. Businesses and investors have little visibility into the White House's next moves, even as some corporate leaders take comfort in the markets' role in prompting the reversal.
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2 weeks ago |
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee | +1 more
Broad new tariffs on U.S. trading partners went into effect a few hours ago, including huge penalties for those on President Trump's "worst offenders" list. Up next: the threat of additional levies on pharmaceutical imports. The moves have hit jittery investors in the gut yet again, with bonds, Asian and European stocks and oil sharply lower on fears for the global economy.
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2 weeks ago |
nytimes.com | Andrew Ross Sorkin |Ravi Mattu |Bernhard Warner |Sarah Kessler |Lauren Hirsch |Edmund Lee
Global markets are rebounding on Tuesday even as trade tensions show little signs of cooling. To wit: Beijing vowed that it " will fight to the end " against President Trump's latest tariff threats. Wall Street analysts have issued a flurry of downgrades for the S&P 500, and billionaire business leaders are pushing back against Trump.
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