Trump uncorks another tariff threat — 200% on European wine
President Donald Trump on Thursday threatened to impose 200% tariffs on all EU wines, including Champagne, and other alcoholic products. President Donald Trump has threatened to impose 200% tariffs on alcohol coming into the US from Europe in retaliation against tariffs the European Union introduced this week. In a Truth Social post on Thursday, Trump…
I was a lifelong Californian before moving to Maine in my 20s — but I’ve fallen in love with the perks of living in New England
I moved from California to Portland, Maine, and have fallen in love with life in New England. In 2023, I relocated from the Bay Area in California to Portland, Maine, for a residency. I’d never visited Maine before and was excited for the opportunity to live in a new place in my 20s. Although I…
He called Tesla’s stock crash. Now he thinks it’ll fall even more.
Shares of Tesla have crashed 48% since peaking in mid-December, but the stock still isn’t cheap enough for the company’s longtime investor Ross Gerber to buy back in. Gerber — who’s been a Tesla investor for years, having loaded up on the stock before it boomed — told B-17 last month that he expected a…
Cooler inflation isn’t enough to save stocks from fresh tariff threats
The market got two surprisingly tame inflation readings this week, but the upbeat data is getting drowned out by more trade war noise from the White House on Thursday. Stocks slid a day after investors got a mild boost from a cooler-than-expected consumer inflation report on Wednesday. Wholesale inflation was also less than expected, with…
Here’s when the stock market sell-off could force Trump to drop his trade war
President Donald Trump says he’s not concerned with how the stock market performs as he implements his protectionist agenda. That might soon change. The S&P 500 is down nearly 9% from its February 19 peak, prompting Trump to acknowledge that markets may experience volatility as he places tariffs on Canada, Mexico, China, and the European…
The Trump family has held talks about taking a stake in crypto exchange Binance, report says
Donald Trump. Donald Trump’s family has discussed a potential stake in Binance, the world’s largest crypto exchange, The Wall Street Journal reported on Thursday. If successful, the talks would tie the US president to a firm guilty of breaching anti-money laundering requirements. While Binance still operates a limited US arm, its core business has exited…
The full list of automakers cutting jobs, including Porsche, GM, and Ford
Electric vehicles, in many cases, require fewer components and can be built on simpler assembly lines, leading many automakers to shrink the size of their workforces. A protracted transition to electric vehicles is taking its toll on global car companies, many of which still have yet to profit from battery-powered vehicles. Demand for EVs, particularly…
Twitch’s CEO on its biggest competition, Big Tech’s growth-at-all-costs mindset, and why Twitter isn’t really a town square
Twitch CEO Dan Clancy says his platform offers streamers a way to connect with audiences that doesn’t exist elsewhere. You have probably heard of Twitch, the company that basically invented live-streaming in the US, and that Amazon bought for $1 billion in 2014. Do you use Twitch? That’s a different question. There are now lots…
Dollar General CEO says shoppers only have enough money for ‘basic essentials’
Dollar General’s core customers are in a worse financial position than last year, CEO Todd Vasos said Thursday. The year is off to a rocky start for Dollar General shoppers — and it’s not expected to get better, the chain’s CEO said Thursday. Patrons of the dollar store chain have indicated that “their financial situation…
