No decision yet on steel tariffs policy delay slows action
President Trump’s plan to tax foreign steel stalls as Commerce Secretary Ross weighs a national security report and Pentagon input. Officials hint at ongoing consideration while the G20 summit highlights risks of a trade war and concerns rise over higher prices for consumers and manufacturers.
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Donald Trump
U.S
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Wilbur Ross
Pentagon
Trump
White House
Fox News Sun
Reince Priebus
Germany
China
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Alliance For American Manufacturing
Paul
Commerce Department
Easier to sue banks via new CFPB rule
Washington government rule makes it harder for firms to block group lawsuits by arbitration clauses. CFPB reports outcomes of arbitration and aims to raise consumer awareness. Cordray says clauses bar class actions. rule faces GOP opposition while supporters claim lower costs and fairer outcomes.
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Consumer Financial Protection Bureau
CFPB
Richard Cordray
Cordray
Ohio
Trump
Richard Hunt
Consumer Bankers Association
Tesla Model 3 rolls off line as Musk eyes mass market
Elon Musk unveils the Model 3 as Tesla starts production with a plan to reach 20,000 cars a month by December. The company aims to outpace BMW and Mercedes in U.S. small luxury sales as reservations total about half a billion dollars, with first deliveries slated for later this year and orders expected to extend into next year.
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Elon Musk
U.S
BMW
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Chicago Tribune
Ira Ehrenpreis
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Mixed Wall Street ends uneven on Monday trading
U S stock indexes closed with a mixed and uneven finish as technology and materials gains offset losses in real estate banks and retailers Macy s led declines while energy rose on oil rebound ahead of a busy earnings week Anastas i a Amoroso of J P Morgan noted solid expectations for tech earnings The S P 500 rose 0 1 percent to 2427 43 the Dow fell 0 03 percent to 21408 52 the Nasdaq gained 0 4 percent to 6176 39 and the Russell 2000 slipped 0 5 percent to 1408 47 Bond prices rose with the 10 year yield at 2 37 percent from 2 39 percent the prior session.
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