To Peter Navarro, former White House trade adviser under the Trump administration—what someone did is more important than what they said they will do. While some feel that tech mogul Elon Musk’s recent 9.2 percent Twitter stock purchase and his offer to buy Twitter outright is a sign that the restoration of free speech could return to the platform,…
Elon Musk Is ‘Very Vulnerable to the Blackmail of the Chinese Communist Party’: Former Trump Trade Adviser Peter Navarro
April 17, 2022
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Business & EconomyChinaCompanieseconomyElon MuskFinance & Business TiesSpecial TopicsTech CompetitiontechnologyteslaUSUS NewsUS-China relations
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The Green US Supply Chain Rules Set to Unspool and Rattle the Global Economy
April 17, 2022
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Business & EconomyCompanieseconomic policieseconomyEnvironmentExecutive Branchglobal economygreenPolicies & ImpactsPoliticsrulesSciencesupply chainUSUS News
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Making a box of Cocoa Puffs is a complicated global affair. It could start with cocoa farms in Africa, corn fields in the U.S., or sugar plantations in Latin America. Then thousands of processors, transporters, packagers, distributors, office workers, and retailers join the supply chain before a kid in Minnesota, where General Mills is based,…
LIVE UPDATES: Ukrainian Foreign Minister: Situation in Mariupol May Be ‘Red Line’ in Talks
The latest on the Russia–Ukraine crisis, April 17. Click here for updates from April 16. Ukrainian Foreign Minister: Situation in Mariupol May Be ‘Red Line’ in Talks Ukrainian Foreign Minister Dmytro Kuleba said there had not been any recent diplomatic communications between Russia and Ukraine at the level of their foreign ministries and that the…
LIVE UPDATES: Ukraine Has Asked G7 for $50 Billion to Cover Budget Deficit, Says Senior Official
The latest on the Russia–Ukraine crisis, April 17. Click here for updates from April 16. Ukraine Has Asked G7 for $50 Billion to Cover Budget Deficit, Says Senior Official Ukraine has asked G7 nations for $50 billion in financial support and is also considering issuing 0 percent coupon bonds to help it cover a war-linked…
US Import Prices Accelerate in March on Petroleum
April 16, 2022
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Business & EconomyDistrict of Columbiaeconomic policieseconomyEuropeimportinflationInternationalLocal NewspatroleumpriceRegional-Local NewsRussia-Ukraine WarUSUS NewsWorld
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WASHINGTON—U.S. import prices accelerated by the most in 11 years in March due to a surge in petroleum prices. Import prices jumped 2.6 percent last month, the largest rise since April 2011, after increasing 1.6 percent in February, the Labor Department said on Thursday. In the 12 months through March, prices raced 12.5 percent, the…
Inflation and Rate Hikes Ahead: Bankers Cautious on the Economy
NEW YORK—Wall Street’s major banks and asset managers were cautious about the economy as they detailed how both consumers and institutional clients were struggling to deal with sky-high inflation and looming rate hikes. The big banks are reporting results at a time of surging inflation, which is leading to predictions that the Federal Reserve will…
The Ukraine War Shows Nukes Mean Safety from US-Led Regime Change
Commentary Some journalists like Steve Portnoy of CBS seem unable to grasp that escalations that might lead to nuclear war are a bad thing. The journalist seemed incredulous last week when asking White House spokeswoman Jen Psaki why the United States has not started a full-on war with Moscow. Psaki’s position—with which any reasonable person could agree—was…
Morgan Stanley’s Dealmakers Shine as Profit Beats Estimates
Morgan Stanley outperformed rival Goldman Sachs in M&A advisory and its traders fared better than expectations, helping the investment banking powerhouse beat first-quarter profit estimates by a wide margin. The bank’s dealmakers nearly doubled advisory revenue even as Russia’s invasion of Ukraine unsettled equity markets and forced companies to hold off on dealmaking and stock…
Fed Aims to Bring Elevated Inflation Under Control: Cleveland Fed President
The Federal Reserve’s aim is to raise rates quickly enough to bring down inflation without pushing the U.S. economy into recession or damaging the strong jobs market, Cleveland Federal Reserve Bank President Loretta Mester signaled on Thursday. “Currently, labor markets in the U.S. are very tight and inflation is very elevated,” Mester said in remarks…
Big Banks See Higher Net Interest Income as Rates Rise
NEW YORK—Wells Fargo & Co. and JPMorgan Chase & Co. reported a rise in net interest income in the first quarter, as the Federal Reserve’s rate hikes help their bread-and-butter business—taking deposits and lending. The Fed raised rates by a quarter point in March to a 0.25 percent-0.5 percent range, and has flagged another half-point…
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