Why it matters: The Musk family is making their feelings very publicly known on the president's signature policy — the widest chasm yet between Trump and his "first buddy."
A tariff-fueled stock market decline over the last few days has stoked "Black Monday" fears among nervous investors.
The big picture: The comparison is mostly overblown. The S&P 500's 11% decline over the last three sessions, while steep, is nothing like the uncontrolled crash that roiled markets 37 years ago.
Corn farmers face many challenges, including pressure from weeds, insects, diseases and increasingly unpredictable and severe weather conditions.
Brianna White, head of Trait Design and Sciences for Bayer's Crop Science division, shares how the company is helping these growers through a broad portfolio of agricultural innovations.
Stocks swung dramatically Monday after a false report that the White House would pause most of President Trump's tariffs for 90 days.
Why it matters: The report caused a wild 8% swing in about 30 minutes that has little precedent in market history, moving potentially trillions of dollars in assets — a clear sign of how desperate people are for any sign of relief from Trump's looming tariff regime.
President Trump on Monday threatened to impose an extra 50% tariff on China, but opened the door to talks with other nations on a path to lowering their import levies.
Why it matters: The administration's steadfast message in recent days has been that the tariffs were coming and there was no way out.
BlackRock CEO Larry Fink warned on Monday that most chief executives would say the U.S. economy is currently in a recession.
Why it matters: Fink, who has extensive CEO contacts as head of the world's largest asset manager, is the latest billionaire to acknowledge the risks of economic turmoil from President Trump's trade wars.
Just nine days ago, we wrote about the signs pointing to an imminent stagflation. It's time to revise that outlook; now, a plain ol' recession looks more likely.
The big picture: The shifts in global markets since President Trump's tariff announcement last Wednesday carry the unmistakable signs of a looming downdraft in economic activity that would bring inflation, interest rates, and job market conditions with it.
House Democrats Monday launched an investigation into potential conflicts of interest between NASA and Elon Musk, who has inserted himself into the federal government under President Trump.
Why it matters: The billionaire's SpaceX is one of the agency's largest private sector contractors, and Musk has been overhauling federal spending at the helm of DOGE.
The most stunning part of the CaaStle fraud allegations isn't that a huckster CEO burned through $530 million, or that she appears to have forged years of financial disclosures. It's that the company's board let her stay in charge after finding out — and took months to warn investors.
What follows is based on research and conversations with numerous sources:
The whistleblower: Late last year,Jed Lenzner got some numbers from CaaStle that raised his eyebrows. So he eventually rang up the listed auditor, BDO.
Wall Street titans, including some of President Trump's wealthy allies, are publicly urging caution as the president's historic tariffs tank stock markets globally.
The big picture: The administration is plowing forward with its sweeping tariffs despite warnings from economists and MAGA-friendly CEOs that the levies will fire inflation and hinder growth, setting the stage for a recession.
An organization representing the shrimping industry in Louisiana and other Southern states is praising President Trump's new tariffs that will make imported seafood more expensive.
Why it matters: The tariffs are going to be complicated for many Louisianans as they are expected to increase food prices for consumers and restaurants, but could potentially be good for local producers who have been outpriced by cheaper imports.
The U.S. economy was already weakening before President Trump's sweeping new tariffs, and those levies will now fuel inflation and slow growth, JPMorgan Chase CEO Jamie Dimon says in his annual letter Monday.
Why it matters: Dimon, for decades one of the most powerful figures in global finance, offered his views not in a vacuum, but in the midst of a global market crisis sparked by the new import tax regime.
The U.S. is still the global leader in state-of-the-art artificial intelligence, but China has closed the gap considerably, according to a new report from Stanford.
Why it matters: Many leaders in Silicon Valley and D.C., including in the Trump administration, say winning this AI competition is critical to the future of U.S. national security.
President Trump on Sunday denied engineering a stock market sell-off, and likened the pain of re-ordering the global economy to taking medicine for an illness.
Why it matters: After plunging Thursday and Friday, global markets sank even further Sunday night, threatening one of the worst three-day routs in history.
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