Author: News Room

This time, maybe the stock market is the economy.Financial markets around the world have plummeted in the days since President Trump announced sweeping tariffs, setting off a global trade war. The S&P 500 declined more than 10 percent in two days last week, and it swung wildly on Monday amid news of further tariffs and rumors of delays. Stock indexes in Asia and Europe have fallen sharply as well.Experts often caution that the stock market can be a misleading measure of the broader economy. Share prices can move for a host of reasons — technological developments, shifts in consumer preferences,…

“I do think there is so much to be said for your ability to exist, even in the presence of that — it takes a very strong cookie,” Ms. Herd told Meghan, adding, “When I was going through the media storm and being called this and that, and this and that, at Tinder, I didn’t leave my house for, like, a month and a half.”The women reflected on how they handled their professional stresses now, and Meghan said she had been preoccupied with the details around As Ever — specifically the packaging.“For example, a month ago, I was absolutely consumed…

Sales in the international art market declined 12 percent in 2024, according to the Art Basel and UBS Global Art Market Report published on Tuesday. The annual report, seen as the most reliable indicator of the art market’s size and health, said that sales had fallen for the second year in a row.“Decline in value was driven by cooling at the top end,” says the report, which describes 2024 as “a year of continuing geopolitical tensions, economic volatility and trade fragmentation.” Auction sales of single works that fetched more than $10 million fell by 39 percent, the report says, and…

China lashed out at the United States on Tuesday after President Trump demanded that Beijing rescind its retaliatory tariffs or face an additional 50 percent U.S. levy, calling his threat “blackmail,” as tensions between the two major powers rose.The Ministry of Commerce, without referring to the American president by name, said that Beijing had noted that the United States had threatened to impose a further 50 percent tariff on China. It said that Beijing would take countermeasures to safeguard its interests.“The U.S. threat to escalate tariffs on China is a mistake on top of a mistake, which once again exposes…

After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks in Asia regained a measure of calm on Tuesday despite little let up in the escalating trade tensions caused by President Trump’s tariffs.Before markets opened in China, the government unleashed a series of measures to stabilize stocks. In turn, share prices in Hong Kong, a day after plunging 13.2 percent, rose 2 percent. Benchmarks in mainland China ticked higher, recovering from big declines the day before.In Japan, the Nikkei 225, a key benchmark in Japan, gained 6 percent, recouping a portion of…

On a recent Thursday, journalists cramming into the White House press briefing room saw an unfamiliar face in a rotating seat designated for new media.It was occupied by John Stoll, who had recently been appointed head of news at X, the social platform owned by Elon Musk.“As you all know — you are all on X — it’s home to hundreds of millions of users, a large contingent of independent journalists and news organizations across geographies and political spectrums,” said Karoline Leavitt, the White House press secretary, by way of an introduction. She then directed Mr. Stoll to ask the…

Paramount and President Trump are poised to begin mediation in his $20 billion lawsuit against CBS News, according to two people with knowledge of the decision, the latest development in a high-stakes legal battle involving one of America’s major news networks.The two sides picked a mediator for the case in recent days, said the people, who spoke on the condition of anonymity because the legal proceedings are confidential.Though a mediator, which is required by the court, will try to help the sides reach a settlement, there is no guarantee that an agreement will be reached.A deal would be a remarkable…

Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries’ offers to drop their own tariffs on American products would be insufficient to convince the president to retreat.Mr. Navarro, who has been the architect of many of President Trump’s trade plans, said on CNBC that the United States was facing a national emergency based on chronic trade deficits, and the only fix would be foreign countries removing trade barriers that had hindered the flow of American goods.The European Union offered Monday to drop its…

Last Wednesday, the Trump administration believed it had a plan to save TikTok.ByteDance, TikTok’s Chinese owner, along with some of its U.S. investors and officials in Washington had coalesced around a new ownership structure for the popular video app, four people familiar with the situation said. That structure, the people said, would help TikTok satisfy the terms of a federal law that required the app to find a new owner in order to address national security concerns, or face a ban in the United States.Under the plan, new investors would own 50 percent of a new American TikTok entity, while…

President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape the levies.On Monday, European officials offered to drop tariffs to zero on cars and industrial goods imported from the United States, in return for the same treatment. Israel’s prime minister was expected to personally petition Mr. Trump on Monday in meetings at the White House. Vietnam’s top leader, in a phone call last week, offered to get rid of tariffs…