Author: News Room

The nation’s top securities regulator is backing down on crypto enforcement and climate disclosure initiatives as the agency is expected to take a more friendly and receptive approach to companies.But not everyone at the Securities and Exchange Commission is on board with this change in priorities under the Trump administration.When the S.E.C. announced last month that it would not be policing the sale of memecoins, Caroline Crenshaw, the lone Democratic commissioner at the S.E.C., quickly weighed in with a sharply different opinion about these novelty digital assets of often dubious value.“This guidance is not a reasoned interpretation of existing law,”…

The European Union has spent months bracing for painful tariffs from the United States, the bloc’s most important trading partner. On Wednesday, as American steel and aluminum tariffs of 25 percent took effect, European officials began to respond. While the United States buys the most steel and aluminum from countries including Canada, Brazil and Mexico, Germany is a notable steel producer. And because the tariffs will also affect products that contain steel and aluminum, such as cookware and window frames, the European Union said, they may hit some 26 billion euros — $28 billion — of the bloc’s exports in…

President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America’s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now.It was the latest in a week of chaotic trade moves, in which the president startled investors and businesses that depend on trade and clashed with some of the country’s closest trading partners.In a post on his social media platform Tuesday morning, Mr. Trump wrote that Canadian steel and aluminum would face a 50 percent tariff, double…

“Making It Work” is a series about small-business owners striving to endure hard times.When Nicole Rizzo saw the “For Sale” listing for Die Cleaning Equipment, the first detail she liked was that it was run by a married couple. Ms. Rizzo, then 43, was searching for a company to run alongside her own husband. But her husband, David, was puzzled by the name. Was it something involving janitors?Die Cleaning Equipment, as it turned out, employed welders. The company in Phoenix made machines that cleaned other machines — specifically, aluminum extruders, which force the metal into shapes useful for everything from…

President Trump’s sweeping tariffs on foreign steel and aluminum went into effect on Wednesday, escalating America’s trade spats with global competitors, including close allies already reeling from his on-and-off approach to trade penalties.Mr. Trump’s tariffs of 25 percent on the metals hit imports that enter the United States from any country in the world. The move, which many domestic steel and aluminum makers support, is expected to raise costs for American manufacturers of cars, tin cans, solar panels and other products, potentially slowing the wider U.S. economy.The action on metals was just the latest attempt by Mr. Trump to leverage…

President Trump hosted an exclusive car show at the White House on Tuesday afternoon.The only company represented: Tesla. The only purpose: helping Elon Musk.With Tesla facing a backlash over Mr. Musk’s role in the Trump administration, the president said he wanted to buy one of the company’s electric vehicles. But Mr. Trump, always a salesman, did not just want to purchase a car. He wanted to hawk it and help out his friend, who also happens to be Tesla’s chief executive.The 30-minute confab was part news conference, part car commercial as Mr. Trump oscillated between answering questions — about the…

In Jim Ratcliffe’s telling, he’s the one doing the favor. A favor to the people of Manchester, to the British government and to the country more broadly.The billionaire co-owner of Manchester United on Tuesday pitched a new soccer stadium as crucial to the success of plans by Britain’s Labour Party to regenerate a large swath of the city the team calls home.Mr. Ratcliffe, Britain’s richest man, said a project to build a 100,000-seat venue next to Old Trafford, the club’s storied current home, would lure visitors to Manchester the way the Eiffel Tower brings throngs of tourists to Paris. He…

Markets whipsawed on Tuesday, as investors puzzled through President Trump’s commitment to tariffs, with stocks dropping in early trading before recovering late in the day.The S&P 500 index fell 1.5 percent at its low point before recovering some ground and ending the day 0.8 percent lower. Recent waves of selling have left the S&P 500 nearly 10 percent below its mid-February record. Falling more than 10 percent would signify a symbolic milestone known on Wall Street as a correction.Tuesday’s stock swoon followed Mr. Trump’s new threats of steep tariffs against Canada, with markets moderating hours later after a Canadian official…

The National Transportation Safety Board on Tuesday issued two urgent recommendations to reduce and reroute helicopter traffic around Ronald Reagan National Airport near Washington after a midair crash of a passenger jet and an Army helicopter in January killed 67 people.Jennifer Homendy, the investigative board’s chair, said that a review of air traffic at the airport from 2011 to 2024 found that an airplane alert was triggered at least once a month, instructing pilots to take emergency action to avoid hitting helicopters. Airline pilots are expected to follow the alerts, known as resolution advisories, over other commands, including air traffic…

President Trump made a lot of promises on the campaign trail last year. Investors and business leaders enthusiastically cheered some, like lower taxes and relaxed regulation, and expressed wariness about others, like tariffs and reduced immigration.But when Mr. Trump won the election, there was little sign of that ambivalence: Stock prices soared, as did measures of business optimism.Investors at the time offered a simple explanation: They believed Mr. Trump, backed by a Republican-controlled Congress, would follow through on the parts of his agenda that they liked and scale back the more disruptive policies like tariffs if financial markets started to…