There are not enough ships to carry China’s huge car exports, car-carrier vessels booked years in advance

Tariffs raise the prices of goods made at home, not just the imports they tax—an effect that standard pass-through estimates largely miss. Studying the 2025 U.S. tariffs, we find that about 26 percent of the tariff increase passes through to consumer prices. These estimates are measured relative to less-exposed goods and hold aggregate conditions fixed….

U.S. Stocks close lower as earnings pressure weighs; Dow leads the decline !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

Broader US stock indices close higher but near key technical levels heading into the weekend !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

American global economic dominance has been clear for at least the last 110 years of its 250-year history, and it was widely foretold for half a century before that. It was never just about scale, even if sometimes it seemed that way. Nor was it ever truly about laissez-faire free markets or equal opportunity, even…

On Monday, late in the North American session, US President Donald Trump stated that there was a good inflation report recently, adding that costs were falling rapidly and that prices should drop significantly once the Gulf War ends. Trump said that the Fed Chair Kevin Warsh, was great, but that he has a board, and…

From journalist to CEO to PM: Han Seong-sook breaks barriers to lead Korea’s AI revolution. The National Assembly — South Korea’s parliament — has confirmed former Naver CEO Han Seong-sook as the country’s new prime minister. The 59-year-old will be only the second woman to hold the position in South Korea. The first female prime…