Delta says Trump’s tariffs are hurting bookings
Delta CEO Ed Bastian said “growth has largely stalled” in recent months. Delta Air Lines warned that Donald Trump’s tariff plan is hitting the airline where it hurts. “With broad economic uncertainty around global trade, growth has largely stalled,” CEO Ed Bastian said Wednesday in a statement alongside its first-quarter earnings. “In this slower-growth environment,…
Wall Street set to open lower after China claps back with higher tariffs
US markets are set to open lower on Wednesday. China’s decision to impose 84% tariffs on US imports sent US futures and European stock markets tumbling again on Wednesday. The announcement at about 7 a.m. ET sent futures for all three indexes down, while Europe’s Stoxx 600 index sank about 4%. Asian shares and Treasurys…
The New York Times publisher’s worries about Trump came true
Before he was re-elected, Donald Trump said he would make life more difficult for traditional news outlets. He’s been making good on his pledge, says New York Times publisher AG Sulzberger. A.G. Sulzberger saw it coming. Last September, the New York Times publisher warned that if Donald Trump was elected again, he and his administration…
Waymo has an internal store for employees and the merch is adorable
Content creator Sophia Tung holds a miniature scale model of Waymo’s Jaguar I-PACE robotaxi. Alphabet’s Waymo sells a miniature scale model of its white Jaguar I-PACE robotaxi, which has become a fixture on urban motorways in California. Unfortunately, it’s unavailable for sale — unless you work for Waymo. The miniature model is just one of…
AI needs a lot of energy. Trump says coal is the answer.
Trump, encircled by a group of miners, signed an executive order to revive the US coal industry. President Donald Trump signed an executive order on Tuesday that aims to revive the US coal industry — in part to power soaring demand for AI. The executive order “pushes for using coal to power new artificial intelligence…
Gen Z is transforming America’s favorite budget travel option
A new report from Kampgrounds of American found Gen Z loves glamping and spends more than other generations when they go camping. Camping — the ultimate budget travel option — is more popular than ever with Gen Z. More campers today are younger, and although they may be looking for an affordable way to travel,…
Treasurys are cratering amid the tariff-induced storm. Here’s what’s happening with bond markets.
Bond markets are facing upheaval, just like stock markets. US Treasury bond prices have cratered, and yields have spiked sharply in recent days as fears mount about the longer-term impacts of President Donald Trump’s escalating trade war around the world. The yield on the 10-year US Treasury bond has risen around 12% since Monday, briefly…
The Skadden associate who quit Big Law over Trump called her parents for a gut check first
Rachel Cohen told a podcast she called her parents to be sure she was doing the right thing by quitting Big Law. Rachel Cohen, who quit Big Law over her firm’s response to Donald Trump’s battle with the profession, said she called her parents before quitting to be sure she was doing the right thing.…
Even safe-haven assets may not be quite so safe anymore
Gold is generally regarded as one of the safest investments around. The turmoil engulfing global stock markets in recent days has prompted some investors to seek out “safe-haven” assets that typically maintain their value during periods of market turbulence. Here’s some of the main safe-haven assets and how “safe” they’re proving in the market turmoil.…
