Articles filed under Bloomberg
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OPEC+ stuns oil market with policy shift to drive down priceApr 04, 2025 1:19 pm - For most of this decade, the OPEC+ alliance has been the world’s most stalwart defender of high oil prices. In just a few moments last week, that role reversed dramatically.
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Trump tariffs set to wipe out nearly $2 trillion from US stocksApr 03, 2025 8:26 am - Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that President Donald Trump’s sweeping new round of tariffs could plunge the economy into a recession.
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US automakers make mad dash to push Trump to temper tariffsApr 01, 2025 7:12 am - U.S. automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.
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Slow US tax collections spark angst about debt ceiling X-dateMar 31, 2025 8:29 am - Tax collection projections are down. Refunds are up. That’s a formula that could dampen U.S. government revenue and, if it persists, portend an earlier deadline for Congress to raise the debt ceiling — or risk a federal payments default.
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Elon Musk is one of the few winners from Trump auto tariffsMar 27, 2025 7:05 am - Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.
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Trump promised an American boom. He now says it may take a while.Mar 22, 2025 1:27 pm - President Donald Trump said his first day in office marked the start of a “golden age” for the U.S. He and his advisers now say it could take months or longer to arrive.
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Wine connoisseurs freeze purchases over Trump’s 200% tariff riskMar 21, 2025 1:44 pm - Wine enthusiast Steven Nordhoff typically spends about $25,000 a year adding to his 2,500-bottle collection, with Bruno Giacosa reds from Italy or Vilmart champagnes from France. But not now.
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There’s a total lunar eclipse Thursday, Friday. Will clouds block your view?Mar 13, 2025 5:49 pm - The entirety of North and Central America, and much of South America, will experience a total lunar eclipse in the overnight hours beginning late Thursday into Friday. Th...
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RFK Jr. gives food companies ultimatum to remove artificial dyesMar 11, 2025 10:46 am - Health and Human Services Secretary Robert F. Kennedy Jr. met with top executives from Kraft Heinz Co., General Mills Inc. and other food companies Monday and requested they remove artificial dyes before the end of his term.
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Half a million US jobs on the line as DOGE fallout spreadsMar 06, 2025 7:59 pm - The Trump administration’s rapid efforts to dramatically shrink the size of federal government have economists rethinking forecasts for another solid year of labor market...