The Fed chief, who took his post in February, said it was “too early to say” what impact the dueling trade measures would have. “We don’t know the extent to which the tariffs will actually come into effect and, if so, how big will that effect be and what will the timing of it be,”…
The March employment numbers were a disappointment, but only relative to extremely optimistic expectations. The basic story of a robust United States job market remains very much intact — though with an important asterisk. Sure, the United States added only 103,000 jobs in March, down from the blockbuster 326,000 in February. Yes, the unemployment rate…
Donald Trump’s got the stock market on a string, but investors are less sure of the game he’s playing.The Republican president’s renewed ramblings on trade dominated U.S. equity markets this week, with a tweet-induced swoon on Friday leaving the S&P 500 Index 1.4 percent lower than where it started on Monday. The gauge swung wildly,…
Vornado Realty Trust says it has an informal agreement to sell its interest in Manhattan’s 666 Fifth Ave. to Kushner Cos., the firm run by the family of presidential son-in-law Jared Kushner.The statement, released late Friday, seemed oddly timed and appeared to catch the Kushners off guard. It wasn’t clear whether they’d lined up financing…
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MOSUL, Iraq — In June 2014, after it captured Mosul, Iraq’s second-largest city, the Islamic State wanted both legitimacy and revenue. To get that, it used armed militants — and seasoned bureaucrats. There were even forms for suicide bombers to fill out. Here is one fighter’s will. He directed ISIS to pay $600 to a…
Republicans are warning President Donald Trump that a trade war with China would deal an economic blow to politically important areas of the country that will cost the party in November’s congressional elections.The president’s proposed tariffs on a variety of imports are aimed at fulfilling a campaign promise to protect domestic industries slammed by globalization.…
It’s the eternal debate. Stocks are teetering. Volatility’s back. Do you ride it out, or take the money and run?The question is obvious, the answer is not. Like now. Is it the end? Facebook and Amazon are in free fall, the yield curve is flat and the Federal Reserve is bent on raising rates. But…
Josh Kallmer, the senior vice president for global policy at the Information Technology Industry Council, an advocate for companies like Google, Facebook, Apple, Microsoft and IBM, said his group had been largely supportive of the administration’s targeting of China’s unfair trade practices. But the group had made it clear to the White House that it…
At first, the prospect of Republicans controlling the White House and both houses of Congress thrilled investors. They anticipated a wave of regulatory rollbacks and the slashing of corporate and personal tax rates. Many of those dreams have been realized, culminating in Mr. Trump signing a huge tax cut into law in December. When the…
