Prices of oil and other commodities are expected to jump when trading resumes on Sunday, but how long they will stay high will depend on what the United States, Israel and Iran do next.
Category: United States Economy
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Businesses Push for Tariff Refunds as Trump Aides Hint at Fight to Come
The New York Times – Business:By the president’s own admission, it could be years before the matter is settled, even though the administration previously indicated it would pay.
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Bleak Research Report Stokes A.I. Debate on Wall St.
The New York Times – Business:In a widely circulated note, Citrini Research painted a dire picture of job losses and stock market sell-offs, though many analysts and economists questioned its conclusions.
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Home Depot Says Homeowners Are Weary From Economic Pressures
The New York Times – Business:Sales fell at the home-improvement retailer, as homeowners shied away from big-ticket home improvement projects amid worries about housing costs and the job market.
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Trump’s Tariffs Go Into Effect at 10 Percent, Not 15
The New York Times – Business:The change surprised executives and foreign leaders, who had been expecting the 15 percent rate the president announced on Saturday.
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Trump Administration Scrambles to Pick Up the Pieces of Broken Tariffs
The New York Times – Business:President Trump is already working to piece his tariff program back together, after a Supreme Court ruling ruptured a centerpiece of his economic agenda.
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Fact-check: Trump’s Latest Claims on Jobs, Inflation and Crime
The New York Times – Business:Trends on jobs, inflation and crime that began before Donald Trump retook office continued, largely unabated, in his first year back.
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Homeownership Is Out of Reach for Many Americans, Despite a Buyer’s Market
The New York Times – Business:A growing split between low-to-middle-income families and wealthy households is changing who has access to homeownership now.
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Trump’s Trade Gamble Will Continue, Despite Supreme Court Rebuke
The New York Times – Business:The president seems as intent on tariffs as ever and argues that his trade agenda is succeeding, despite little evidence to support it
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‘Murky Waters’ for Global Businesses After Trump’s Tariff Loss
The New York Times – Business:Even after the Supreme Court invalidated many of the president’s levies, foreign leaders and executives assume that U.S. tariffs are here to stay, in one form or another.
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Supreme Court Tariff Ruling to Spur Chaotic Refund Process
The New York Times – Business:The Trump administration says it could take years and additional litigation for importers to get their money back.