Business
Business
What Elon Musk Didn’t Budget For: Firing Workers Costs Money, Too
An expert on the federal work force estimates that the speed and chaos of Mr. Musk’s cuts to the bureaucracy will cost taxpayers $135 billion this fiscal year.
Read MoreTrump’s Tariffs Expected to Grind Germany’s Economy to a Halt
The German government scaled back its prediction for 2025 to zero growth, citing the turbulence caused by U.S. tariffs, as well as stubborn bureaucracy and high energy prices.
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For China’s Trolls, ‘Chairman Trump’ and ‘Eyeliner Man’ Are Easy Targets
The Chinese are trolling the Trump administration. A YouTuber who used to make parody music videos about the Chinese leader, Xi Jinping, produced “The Song of MAGA,” a satire of President Trump’s vision for the United States. A nationalistic TikToker who whitewashes China’s persecution of Uyghurs in Xinjiang made a video mocking Vice President JD […]
Read MoreTrump Team Races to Form Trade Deals After Tariffs Sow Global Chaos
The president’s threats of tariffs have brought countries like Japan, South Korea and India rushing to negotiate, but they have sown chaos with bigger trading partners like China.
Read MoreInvestors Prefer the ‘Nice’ Trump, but Want Results
Global markets are rebounding as the president softened his protectionist rhetoric and his criticism of the central bank. But investors want to see results on trade.
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An Army of Robots Is China’s Weapon in Trump’s Tariff War
China’s secret weapon in the trade war is an army of factory robots, powered by artificial intelligence, that have revolutionized manufacturing. Factories are being automated across China at a breakneck pace. With engineers and electricians tending to fleets of robots, these operations are bringing down the cost of manufacturing while improving quality. As a result, […]
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Jury Rules Against Palin in Libel Case Against The New York Times
A federal jury on Tuesday ruled against Sarah Palin, the former governor of Alaska and Republican vice-presidential nominee, in her yearslong defamation lawsuit against The New York Times. The jury reached the verdict after two hours of deliberations. Ms. Palin sued The Times in 2017 after the newspaper published — and then swiftly corrected and […]
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How Trump’s Fed Fight May Undermine His Trade Negotiations
So far, many of the public resignations have come from associates, who often have more flexibility to move because they are earlier in their careers. At Paul Weiss, there was also the resignation of Steven Banks, the leader of the pro bono practice, who had served as special counsel for the past three years. But […]
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Trump Shuns Europe, and Its Defense Industry Tries to Capitalize
Fresh off the assembly line, the two Eurofighter jets screamed down Turin’s runway at 186 miles per hour before lifting off against the snow-capped Alps. Their destination was Kuwait, a six-hour flight away. The Kuwaiti military is the first foreign customer to buy the supersonic jets from Leonardo, the Italian defense contractor that manufactures the […]
Read MoreTrump’s Renewed Attacks on Powell Drive Markets Lower and Weaken Dollar
President Trump’s pressure on the Federal Reserve, on top of the uncertainty about his tariff policy, continued to jar investors as stocks, bonds, oil and the U.S. dollar all tumbled.
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