President Trump on Saturday posted letters threatening the European Union and Mexico with 30% tariffs as of August 1.
Why it matters: Trump has reverted to the fully aggressive trade posture he took in early April, with a stable economy at his back and financial markets showing no signs of stopping him.
The advertising industry is navigating a perfect storm of AI disruption, regulatory scrutiny, macroeconomic headwinds and geopolitical tensions.
Why it matters: Brands and advertisers were already dealing with a shift from traditional to digital, but the fast-changing landscape has increased uncertainty, chilling spend.
Recently freed pro-Palestinian activist Mahmoud Khaliltold CNN that the Trump administration tried to "make an example" of him with his arrest and immigration detention.
Why it matters: Khalil's detention was an early flashpoint in President Trump's crackdown on pro-Palestinian protesters on college campuses following Israel's operations in Gaza.
The Los Angeles Police Department can't detain, remove or fire less lethal weapons or chemical agents at journalists covering protests in the city, a federal judge ordered.
Why it matters: The temporary restraining order is a victory for the Los Angeles Press Club, which had accused city police of using excessive force against journalists, including Australian reporter Lauren Tomasi who was shot with a rubber bullet during a live broadcast in what appeared to be a deliberate attack.
All-time highs beget all-time highs. That's the takeaway from BNY Wealth's chart of the week.
Why it matters: The S&P 500 just notched yet another record high for 2025. For those afraid of buying the highs, it turns out, buying into rallies can be just as lucrative, if not more, than buying at any other time period.
Jamie Dimon is warning about "complacency in the market," as stocks near all-time highs while headwinds like tariffs and interest rates keep roaring.
Why it matters: Cracks are appearing in Wall Street's bullishness, with money managers telling Axios they agree with Dimon's sentiment: The market is ignoring red flags and mispricing risks of a slowdown.
President Trump is celebrating the new record in the market with additional tariffs on Canada.
Part of his excitement may stem from what the rally allows him to do, which is whatever he wants on tariff policy.
Why it matters: In April, an intraday bear market coupled with bond market "yips" pushed Trump to slow his roll on tariff policy. Without that reaction function, Trump won't have much friction to reign in his policy proposals.
President Trump announced Thursday plans for a 35% tariff on goods imported from Canada that would take effect on Aug. 1.
Why it matters: The latest twist in the off-on trade war with Canada comes after the key trading partner rescinded its digital services tax to advance broader trade negotiations with the U.S. as it works toward an economic deal ahead of a July 21 deadline.
