Author: News Room
Stocks inched higher in early trading on Tuesday, as the Trump administration’s chaotic tariff rollout continues to spur volatility in the markets.The S&P 500 opened up 0.5 percent, and the technology-heavy Nasdaq also gained slightly. President Trump’s whipsawing tariff policies are still driving sentiment on Wall Street, especially in sectors facing the threat of more levies or potential reprieves.Here’s what else to know:Bank stocks rose on Tuesday, as major U.S. lenders reported their latest earnings. Bank of America surpassed Wall Street’s profit and revenue expectations, and its shares rose about 5 percent Tuesday morning. Citigroup’s profits also beat estimates, sending…
On Air Force fighter jets, magnets made of rare earth minerals that are mined or processed in China are needed to start the engines and provide emergency power.On precision-guided ballistic missiles favored by the Army, magnets containing Chinese rare earth materials rotate the tail fins that allow missiles to home in on small or moving targets. And on new electric and battery-powered drones being adapted by Marines, rare earth magnets are irreplaceable in the compact electric motors.China’s decision to retaliate against President Trump’s sharp increase in tariffs by ordering restrictions on the exports of a wide range of critical minerals…
President Trump came into office sounding as if he were eager to deal with President Xi Jinping of China on the range of issues dividing the world’s two biggest superpowers.He and his aides signaled that they wanted to resolve trade disputes and lower the temperature on Taiwan, curb fentanyl production and get to a deal on TikTok. Perhaps, over time, they could manage a revived nuclear arms race and competition over artificial intelligence.Today it is hard to imagine any of that happening, at least for a year.Mr. Trump’s decision to stake everything on winning a trade war with China threatens…
The Trump administration’s latest response: refocus the message.Where things stand: Trump’s give-and-take tariffs strategy was on full display on Monday with the president signaling he would consider an exemption for auto parts — “they need a little bit of time” to bring back manufacturing to the United States — but reiterating that levies on chips and pharmaceuticals were coming.Auto stocks rallied on the news. But Nvidia, the chips giant that became the latest tech giant to promise a major domestic spending initiative, was down in premarket trading on Tuesday.Trump’s on-again-off-again policy has pushed some traders to the brink. Global investors…
For more than a decade, Navindra Seeram, a biomedical researcher, has praised maple syrup, calling it a “hero ingredient” and “champion food” that could have wide-ranging health benefits.Dr. Seeram, dean of the School of Pharmacy at the University of New England, has published more than three dozen studies extolling the power of maple. Much of his work has been bankrolled by Canada’s maple syrup industry and the Canadian and American governments.At the same time, he has taken on another role: maple syrup pitchman.“I am uniquely qualified as the world’s leading researcher on maple health benefits with the scientific reputation and…
At the Department of Health and Human Services, Trump administration officials want to reverse a regulation that has required nursing homes to have more medical staff on duty.At the Mine Safety and Health Administration, powerful lobbying groups have asked the administration to eliminate a rule to protect miners from inhaling the dust of crystalline silica, a mineral that is used in concrete, smartphones and cat litter but that can be lethal in the lungs.And at the Federal Communications Commission, which regulates radio and television broadcasting and satellite communications, President Trump’s appointees published a seemingly exuberant notice asking for suggestions on…
Even when India was staring down the barrel of a 27 percent tariff on most of its exports to the United States, business executives and government officials saw an upside. India’s biggest economic rival, China, and its smaller competitors like Vietnam were facing even worse.India has been pushing hard in recent years to become a manufacturing alternative to China, and it looked as if it had suddenly gained an advantage.Then India and its smaller rivals got 90-day reprieves, and President Trump doubled down on China, boosting its tariff to 145 percent.The sky-high tax on Chinese imports to America presented “a…
Representative Marjorie Taylor Greene, Republican of Georgia, disclosed on Monday that she had purchased between tens and hundreds of thousands of dollars worth of stock on April 8 and 9, the day before and the day of President Trump’s announcement that he was pausing a sweeping set of global tariffs, a pivot that sent the stock market soaring out of a sizable slump.Ms. Greene bought between about $21,000 and $315,000 in stocks on those days. The day before Mr. Trump’s move, she also dumped between $50,000 and $100,0000 in Treasury bills, according to required public disclosures made to the House.The…
The White House is planning to ask Congress to claw back more than $1 billion slated for public broadcasting in the United States, according to two people briefed on the plan, a move that could ultimately eliminate almost all federal support for NPR and PBS.The plan is to request that Congress rescind $1.1 billion in federal funding for the Corporation for Public Broadcasting, the taxpayer-backed company that funds public media organizations across the United States, one of the people said. If Congress agrees, that will amount to about two years of the organization’s funding, nearly all of which goes to…
April Hershberger is not the only collector of Le Creuset cookware who owns so many pieces that she can’t count them. But she may be the only one who built an entire house around one: the deep-red, nine-quart oval Dutch oven that she received as a gift for her 2006 wedding.It sparked an obsession.She had her kitchen stove, the centerpiece of her home in a restored barn in southeastern Pennsylvania, custom-made to match her collection of Le Creuset cherry-red pots, baking dishes, pitchers, plates and more. Ms. Hershberger, 42, also has pieces in mustard yellow and sunflower yellow, Mediterranean blue…