• Trump Tariffs May Hit UK Economy, Chancellor Warns
  
  U.K. Chancellor Rachel Reeves says President Donald Trump's escalating trade war will have a "profound impact" on Britain's economy as she travels to Washington this week for high-level financial talks amid falling domestic growth forecasts, Politico reported.
• US Defense Contractors Maintain Forecasts
  
  Major U.S. defense contractors are mostly maintaining their financial forecasts for 2025, saying it is too soon to understand the impact of U.S. President Donald Trump's tariffs.
• Dow Heading for Worst April Since Great Depression
  
  The Dow Jones Industrial Average, which plummeted nearly 1,000 points Monday, is on track for the worst April since 1932, Mitrade reports.
• China's Cutthroat EV Revolution Leaves Little Margin for Profit
  
  As the sun set over Hong Kong's Victoria Harbour, well-dressed social media influencers swarmed a lineup of sleek electric vehicles from Chinese automaker Xpeng, among the buzziest brands in the world's premier EV market.
• Stocks, Bonds, Crypto, Gold - 2025 Year-to-Date Returns
  
  Global financial markets have been turned upside down this year by President Donald Trump's burgeoning trade war. Markets are not in full panic, but the double-digit declines in major U.S. stock indexes are testing nerves.
• Long Road Ahead for Trump Reforming Drug Prices
  
  President Donald Trump pledged to make medicines more affordable during his 2024 campaign. And now, he's about to deliver.
• Bessent Warns Against Removing Powell as Fed Chair
  
  Treasury Secretary Scott Bessent has cautioned White House officials that removing Jerome Powell as chair of the Federal Reserve would risk destabilizing financial markets, Politico reports.
• China Bans 'Smart' and 'Autonomous' From Car Ads
  
  China is banning automakers from using the terms "smart driving" and "autonomous driving" when they advertise driving assistance features, and will tighten rules around such technology upgrades, the government told industry representatives, according to a transcript of a...
• Carmakers Hope for Auto Parts Tariff Exemptions
  
  President Donald Trump hinted that he might temporarily relieve the auto industry from "permanent" tariffs he previously imposed on the business.
• AI Focus Shifting From Infrastructure to Services
  
  "How do you use AI?" That's my new go-to question when meeting contacts.
• Judge Scraps 8% Cap on Credit Card Late Fees
  
  A federal judge Tuesday threw out a U.S. Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during President Joe Biden's administration was illegal.
• US Corporate Bond Market Shuts Again on Tariff Volatility
  
  The U.S. corporate bond market has shut again after opening for just one bond offering on Tuesday, as spreads in the week after President Donald Trump's Liberation Day tariffs have widened the most since 2023's regional banking crisis.
• Trump Expected to Sign Executive Order on US Shipbuilding
  
  U.S. President Donald Trump is expected to sign an executive order potentially on Wednesday aimed at reinvigorating U.S. shipbuilding and reducing China's grip on the global shipping industry, three sources familiar with the matter said.
• Jeffries: Trump Tanking Economy to Enrich the Wealthy
  
  House Minority Leader Hakeem Jeffries, D-N.Y., accused President Donald Trump of deliberately harming the U.S. economy through reckless tariffs, alleging that the policy is designed to benefit the wealthiest donors to the Republican Party and elite financial interests.
• Reciprocal Tariffs Risk Ocean Shipping Chaos
  
  U.S. President Donald Trump's new tariff plan has the ocean shipping industry on edge as he stokes a trade war destined to stanch transport demand and send companies scrambling to manage the fallout.
• US Auto Sales Set to Modestly Rise in First Quarter
  
  U.S. auto sales likely inched higher in the first three months of the year on steady demand, data from the carmakers will show Tuesday, as the industry braces for the fallout of President Donald Trump's latest tariffs.
• Big Tobacco Targets Trump in Hope - and Fear - of Change
  
  Big tobacco companies like British American Tobacco are lobbying U.S. President Donald Trump's administration to crack down on illegal vapes, including via import bans on Chinese devices, documents show and industry consultants said.Tobacco groups, including BAT and Altria,...
• Drugmakers Fall on Departure of FDA Vaccine Chief
  
  Shares of U.S. drugmakers fell before the bell Monday after reports that the Food and Drug Administration's top vaccine official had been forced to resign, the most high-profile exit at the regulator amid an overhaul of federal agencies.
• Trump Warns Automakers Not to Don't Raise Prices
  
  President Donald Trump told the CEOs of some of the most prominent car manufacturers they better not raise their prices due to tariffs, The Wall Street Journal reported.
• Economic Turbulence Drags Airline Index Down 15%
  
  U.S. airlines were flying high less than two months ago on talk of a new golden age, as strong travel demand and tight industry-wide capacity raised the prospect of a multi-year profit boom.
• Wall Street Bonuses Soar 32% to a Record $47.5B
  
  Wall Street banker bonuses rose 31.5% to an average $244,700 last year as dealmaking rebounded, but the boom times may wane as economic uncertainty rises, New York State Comptroller Thomas DiNapoli said Wednesday.
• Airbus, Boeing Eye Fast Output as Plastics Loom for Future Jets
  
  Airbus and Boeing are preparing the aerospace industry for sharp increases in output of the next generation of workhorse jets to some 100 a month each, as they explore lighter plastic materials and robotic assembly, industry sources said.
• Japan, SKorea Would Struggle to Meet US Shipbuilding Demand, Exec Says
  
  U.S. allies Japan and South Korea would struggle to quickly ramp up shipbuilding to meet U.S. demand for alternatives under President Donald Trump's plan to impose port fees on China-linked ships, a top Japanese shipping executive said on Monday. The Trump administration is...
• US Retailers Haggle With Suppliers Over Tariffs
  
  U.S. retailers Walmart and Target are bickering behind the scenes with their suppliers over proposed price hikes on everything from cake pans, tote bags and toys to other merchandise.
• Tariffs Spur Retailers to Raise Prices, Build US Plants
  
  Corporate America is scrambling to implement countermeasures as President Donald Trump's latest tariffs on Chinese imports went into effect earlier this week, while some levies on Canada and Mexico have been suspended.

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