Bill Ackman warns of ‘economic nuclear winter,’ urges 90-day timeout on tariffs
The country is 100% behind the president...
The country is 100% behind the president on fixing a global system of tariffs that has disadvantaged the country. But, business is a confidence game and confidence depends on trust.
President @realDonaldTrump has elevated the tariff issue to the most important geopolitical…
Brookfield reaches $9B deal to acquire Colonial Pipeline
Brookfield Infrastructure has agreed to purchase Colonial Pipeline, the...
Brookfield Infrastructure has agreed to purchase Colonial Pipeline, the largest US fuel delivery system, in a roughly $9 billion deal that includes debt and is expected to close in late 2025. The transaction includes Shell's $1.45 billion stake in the system and follows a months-long auction by the pipeline's five owners.
The job market was stronger than expected last month
US employers ...
US employers added 228,000 jobs in March, data released yesterday by the Labor Department shows. That’s a much better showing than economists expected, demonstrating the continued resilience of the labor market. However, unemployment also ticked up to 4.2%, compared to 4.1% in February. And those numbers represent an economic picture from before President Trump’s announcement this week of a minimum 10% tariff on all US trading partners, and much higher ones on many other countries, raising fears of a possible recession.
Faced with what its leaders described as President Trump’s “bullying”...
Faced with what its leaders described as President Trump’s “bullying” tariffs (a recently announced 34% tariff that, combined with previous duties, raises the effective import tax on Chinese goods to 54%), China opted for the “I’m rubber and you’re glue” response, slapping an equivalent 34% levy on US imports. With the trade war heating up, neither side appears ready to back down. President Trump responded with a social media post that said China “played it wrong” and “panicked,” saying his policy “will never change.” Global markets responded to the move with plunging stock prices.
TikTok sale gets another deadline extension. Your middle...
TikTok sale gets another deadline extension. Your middle school English teacher may have told you such things never happen in the real world, but President Trump just extended the deadline a second time for ByteDance, TikTok’s China-based parent company, to sell the app’s US operations or have it banned nationwide, granting it another 75 days. Today was supposed to be the deadline, and the president is said to have reviewed a proposal for investors including Oracle, Blackstone, and Andreessen Horowitz to buy TikTok. But Trump said more time was needed to finalize any deal, which would require China’s approval—something he may be willing to trade tariff relief for.
At least seven people have died in severe storms and tornadoes sweeping through the Midwest and South, with more storms and flooding expected.
A federal judge ordered that a man mistakenly deported to El Salvador must be returned to the US by Monday night.
The Supreme Court ruled that the Trump administration could terminate $65 million in teacher training grants for being DEI-related, handing the president the first high court win of his second term.
South Korea officially removed its president after a court upheld his impeachment. This will trigger a new election.
Russell Brand was charged with rape and sexual assault in the UK. The comedian said in a video posted on X that he’s never engaged in “non-consensual activity.”
