Workers at Whirlpool, the US’s largest appliance manufacturer and a champion of Donald Trump’s tariff policies, are criticizing the company for cutting jobs at an Iowa plant while bolstering production in Mexico.The job cuts at Whirlpool come as the company has continued to support the Trump administration’s trade policies and claimed they will help bolster US manufacturing. Trump’s trade policies appear to have done little for US manufacturing so far. The US has lost 83,000 factory jobs since Trump took of ...

The beverage company reported lower revenue in the fourth quarter and said shifting tariff policies could significantly impact its guidance for the year. ...

Bloomberg Gold retreated after four days of gains spurred by uncertainty over US trade policy and heightened tensions in the Middle East. Bullion fell as much as 1.6% as Chinese traders returned on Tuesday after the Lunar New Year break. The metal had climbed more than 7% over the previous four sessions, with investors drawn to safer assets as a Supreme Court ruling scuppered President Donald Trump’s tariff regime and the US faced off with Iran. Most Read from Bloomberg “Moves within 2% are in the nor ...

Economic Overview - The S&P 500 has traded sideways this year, while the iShares MSCI ACWI ex US ETF has advanced about 10%, indicating a significant divergence in performance between U.S. stocks and global markets [1] - High valuations and concerns regarding President Trump's policies have led to a decrease in investor interest in U.S. stocks [1] Tariff Policy Changes - President Trump has replaced the now-illegal IEEPA tariffs with similar Section 122 tariffs, which were initially set at 10% and later increased to 15% [5][6] - The Supreme Court ruled against the IEEPA tariffs, stating that the president exceeded his authority, prompting the quick implementation of Section 122 tariffs [6] Economic Impact of Tariffs - Studies from various institutions indicate that U.S. businesses and consumers have borne approximately 90% of the costs associated with President Trump's tariffs [8] - The Congressional Budget Office (CBO) suggests that the tariffs have resulted in a lower GDP than would have occurred without them, as tariff revenue diverts funds that could have supported economic growth [9] Employment and Growth Data - In 2025, the U.S. economy added only 181,000 jobs, marking the lowest increase since 2009, excluding the pandemic [10] - Economic growth was recorded at just 2.2% in 2025, the slowest rate in a decade, excluding pandemic effects [10] - PCE inflation reached 2.9% in December 2025, the highest level since March 2024, indicating rising price pressures [10]

US futures dropped and Asian shares were mostly higher on Monday after the Supreme Court struck down most of President Donald Trump's sweeping tariffs. Bitcoin tumbled as much as 5% early Monday, dropping below $65,000. The sell-off has been driven by investors pulling out of speculative assets and concerns about future cryptocurrency regulation. The original cryptocurrency, pitched as “digital gold”, has lost nearly half of its value since Oct 6, when it hit a record high of $126,210.50, Markets in Japan a ...

Major U.S. trading partners expect President Trump—aka "Tariff Man†—to stick with his favorite policy tool. ...

Market Reaction - The US stock market surged following a Supreme Court ruling that invalidated President Trump's broad tariff policy, leading to a recovery from an early 200-point loss in the Dow Jones Industrial Average [3][20] - The Dow Jones climbed to 49,515.45, up 120.29 points (0.24%), while the S&P 500 rose 39.06 points to 6,900.95 (+0.57%), and the Nasdaq Composite surged 192.37 points to 22,875.10 (+0.85%) [3][20] Tariff Impact - The Supreme Court ruled that the International Emergency Economic Powers Act (IEEPA) does not authorize sweeping global tariffs, which undercut a key trade policy tool used by the Trump administration [5][20] - The ruling is expected to reduce cost pressures for companies reliant on imports from China and other Asian markets, leading to margin expansion for retail and e-commerce companies [6][20] Company Performance - Amazon, which sources a significant portion of its goods internationally, saw its stock rise approximately 2.6% to $210.27, while shares of Home Depot and Five Below also advanced [10][20] - Big-cap tech stocks, including Nvidia and Tesla, contributed significantly to the market rally, with Nvidia trading near $189.92, up about 1% [10][20] Economic Data - US GDP growth slowed to an annualized rate of 1.4% in the fourth quarter, below the expected 2.5%, indicating cooling economic momentum [12][20] - Core PCE inflation remained steady at 3%, above the Federal Reserve's target of 2%, suggesting persistent inflationary pressures despite the tariff ruling [14][20] Commodity Market Reaction - Commodity markets reacted with gold prices climbing to approximately $5,092 per contract, up nearly 1.9%, and silver surging almost 7% to around $82.97, indicating investor hedging behavior amid economic uncertainty [18][20]

For markets and investors, the ruling introduces a mix of clarity and uncertainty. Major indexes saw modest, but positive, initial reactions, with the S&P 500 ($SPX) up 0.3%, and Nasdaq ($NASX) up 0.5%, drifting modestly higher even as the Dow ($DOWI) slipped slightly before rebounding, suggesting that many institutional investors had priced in at least the possibility of such an outcome. Treasury yields were steady, reflecting continued caution amid mixed macroeconomic data.Justice Brett Kavanaugh, dissent ...

Group 1 - The US Supreme Court ruled that Donald Trump's tariffs on foreign imports were illegal, stating he exceeded his authority and should have sought congressional approval [2][3] - The tariffs affected a wide range of countries, including the UK, China, Canada, Mexico, Japan, and EU nations, and were implemented under the International Emergency Economic Powers Act (IEEPA) [2][3] - Experts believe Trump is unlikely to abandon his tariff strategy and may explore alternative tariff regimes or trade barriers to replace lost income [4][5] Group 2 - Tariff revenues for the previous year are estimated between $240 billion and $300 billion, primarily impacting US manufacturers and consumers [7] - It is suggested that US firms have borne 90% of the tariff costs, which have largely been passed on to consumers through price increases [8] - The UK's Department for Business and Trade stated that the ruling does not affect the preferential trade deal negotiated with the US, which includes reduced tariffs on steel and automobiles [10][11] Group 3 - The European Commission is analyzing the ruling carefully, emphasizing the need for stability and predictability in the trading relationship between the US and EU [11][12] - The German confederation of industries noted that the ruling sends a strong signal for a rules-based trade order [12] - The EU parliament may pause the ratification of a trade deal with the US again based on fresh legal grounds, following previous interruptions related to tariff threats [13]

Dow Jones crashes today: The Dow Jones Industrial Average fell 104.34 points to 49,290.82 on Friday, even as the broader market held firm after a landmark U.S. S&P 500 rose 0.15% to 6,871.97 and the Nasdaq Composite gained 0.41% to 22,776.33. The split performance reflects a market digesting major policy, economic, and corporate developments at once. The Supreme Court struck down most of President Donald Trump’s sweeping tariff policy under the International Emergency Economic Powers Act, ruling that the la ...