Finance

“You’d be hard pressed to find another period where the disparate trends across the Atlantic have switched gears like this so profoundly,” said Robert Tipp, head of global bonds at PGIM Fixed Income.

The US had hit a “saturation point” where headlines on tariffs and lay-offs had created a “budding economic pessimism” that had sent investors rushing for haven assets, he added. “Right at that moment, Europe has switched to stimulus.”

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Trump walks back tariffs on a wide range of goods from Mexico and Canada for one month (www.nbcnews.com)

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WSJ: China Worried About Trump's Trade Plan (www.newsmax.com)

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Most men blind to fact women make less money: study (nypost.com)

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The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts (apnews.com)

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Trump’s trade war could pose ‘substantial’ threat to UK economy, says Bank (www.theguardian.com)

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Hong Kong firms sells major Panama Canal ports to US firm after Trump pressure (news.sky.com)

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Trump puts tariffs on thousands of goods from Canada and Mexico, risking higher prices (www.nbcnews.com)

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Trump grants one-month tariff delay for U.S. automakers (www.nbcnews.com)

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Trump's Mexico tariffs could raise produce prices in the next few days, Target CEO says (www.cnbc.com)

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Mexico president says retaliatory tariffs coming Sunday as Trump starts global trade fight: Live updates (www.cnbc.com)

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How big is the stock market’s America bubble? (www.ft.com)

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Mirror: https://archive.is/2025.03.03-051944/https://www.ft.com/content/80d0ca38-7b15-4432-891d-d9b1d5b080ca

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Graduates From Top MBA Programs Are Struggling to Land Jobs (www.bloomberg.com)

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Mirror: https://archive.is/2025.03.03-155800/https://www.bloomberg.com/news/articles/2025-03-03/job-market-for-mba-students-prospective-grads-face-harder-job-search

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Dow tumbles more than 600 points, S&P 500 posts biggest loss since December as Trump says tariffs will proceed (www.cnbc.com)

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Sick pay: Low paid workers to get 80% of salary when ill (www.bbc.com)

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(UPDATED) ‘New chapter’ begins for Life Care Centers of America as judge gives permanent control to owner’s son (www.mcknights.com)

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They Crashed the Economy in 2008. Now They’re Back and Bigger Than Ever. (www.wsj.com)

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Microsoft is shutting down Skype after buying it 14 years ago for $8.5 billion (www.cbsnews.com)

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Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? (www.bloomberg.com)

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Allowing wealth to distort the economic picture also just makes the state of things more difficult to understand, both for economists and for regular people. The usual economic indicators don’t add up to a coherent picture: Prices go up, consumer-debt delinquencies spike or hiring stagnates, but consumer spending doesn’t pull back and the stock market remains buoyant. Does that mean Americans are actually doing fine?

Mirror: https://archive.is/20250228110307/https://www.bloomberg.com/news/articles/2025-02-28/wealthy-americans-fuel-half-of-us-economy-consumer-spending

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Grenfell Tower: seven organisations face debarment from government contracts (www.theguardian.com)

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US stocks slide as consumer confidence sinks most in four years (www.ft.com)

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Mirror: https://archive.is/2025.02.25-162730/https://www.ft.com/content/b505f510-c902-480f-84c9-f38a58937a3c