Economy

Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More

Trump’s Tariffs Could Help Tesla, by Hurting Its Rivals More

As President Trump puts new tariffs on goods from China and threatens a trade war with allies like Mexico and Canada, one global company is likely to suffer less than most of its competitors: Tesla. But the electric car maker led by Elon Musk, which accounts for a third of the billionaire’s wealth, is also vulnerable if relations with China …

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Trump Bows to Economic Reality With Tariff Delays and Exemptions

Trump Bows to Economic Reality With Tariff Delays and Exemptions

A month ago, President Trump announced that he would impose sweeping tariffs on imports from Canada and Mexico before reaching a last-minute deal to delay them for 30 days. This week, after markets revolted when the tariffs were put in place, Mr. Trump watered them down with a monthlong reprieve for automakers. And then on Thursday, he opened up even …

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Jobs Report Is Steady, but Impact of Federal Cutbacks and Tariffs Looms

Jobs Report Is Steady, but Impact of Federal Cutbacks and Tariffs Looms

It might be a moment of hush before chaos ensues, or it may be business as usual. U.S. employers added 151,000 jobs in February, the first full month under the new Trump administration, the Labor Department reported on Friday. The gain extended a streak of job growth to 50 months. The unemployment rate ticked up slightly, to 4.1 percent, from …

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Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Jerome H. Powell, chair of the Federal Reserve, said the central bank is focused on the “net effect” of President Trump’s sweeping economic agenda amid high uncertainty about which policies will actually be enacted, as he reiterated that officials are still not in a “hurry” to adjust interest rates. “As we parse the incoming information, we are focused on separating …

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Fired Federal Workers Face a Sluggish Job Market

Fired Federal Workers Face a Sluggish Job Market

For about a year now, the labor market has existed in a state of eerie calm: Not many people were losing their jobs or quitting, but not many of those seeking work were getting job offers. The mass layoffs now underway across the federal government, along with its employees who are voluntarily heading for the exits, could disrupt that uneasy …

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Regulator pledges ‘swift action’ to support home ownership

Regulator pledges ‘swift action’ to support home ownership

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth The City regulator has promised “swift action” to look at ways to make it easier to access a …

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