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It was, by any measure, a lot of red ink. When Volkswagen announced its third-quarter profits at the end of October, the German auto giant said it anticipated heavy losses for this year. The reason? It is taking a 5 billion euro hit from tariffs imposed in the American market. Likewise, the German sportswear manufacturer Adidas warned of a 120 million euro hit to its earnings, in part because the levies its trainers now face in the United States, while Toyota warned of a $9 billion hit from tariffs. For anyone following the corporate earnings season over the last month,...

The view that the stock market is in a massive bubble and bound to crash is incorrect over the medium term Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/3af620bb-6d5e-4281-879d-c3193e225803?segmentId=b385c2ad-87ed-d8ff-aaec-0f8435cd42d9 After the so-called “liberation day” tariffs announcement, the conventional wisdom about the US economy became very pessimistic....

Summary For a serving president, Trump is unusually engaged in midterm strategy Trump tries to pivot to affordability, urging Republicans to highlight tax cuts Democratic control of the House could re-open risk of impeachment proceedings WASHINGTON, Nov 24 (Reuters) - President Donald Trump isn't on the ballot in next November's midterm elections, but he’s plunging into them with his own presidency at stake. He's calling candidates, making early endorsements, shaping strategy and pushing economic messaging to try to keep Congress in Republican hands, according to nine Republicans involved in election strategy. As early as this summer, 18 months before Election...

The concerns surrounding Trump’s immigration clampdown in the Tar Heel state speak to a tension at the center of the president’s immigration agenda.Patrick Sebastian, a GOP pollster based in North Carolina, said voters “draw a clear line” between deporting immigrants who are living in the country illegally and working but not breaking other laws, and unauthorized immigrants who have committed crimes. “In purple states, there’s broad support for removing the latter — and the left looks foolish protesting that,” Sebastian said. “But the other narrative has gotten more play over the past week, and that could be a problem for...

Summary DOGE disbanded eight months ahead of scheduled end in July 2026 Former DOGE employees take new roles in administration Elon Musk initially led DOGE, promoting its work on social media WASHINGTON, Nov 23 (Reuters) - U.S. President Donald Trump's Department of Government Efficiency has disbanded with eight months left to its mandate, ending an initiative launched with fanfare as a symbol of Trump's pledge to slash the government's size but which critics say delivered few measurable savings. "That doesn't exist," Office of Personnel Management Director Scott Kupor told Reuters earlier this month when asked about DOGE's status. It is...

The objective is a peaceful resolution, but Zelensky must accept the terms. If he refuses, then “he can continue to fight his little heart out”, meaning Ukraine will fall regardless. Submit, or die. (Transcribed by TurboScribe.ai. Go Unlimited to remove this message.)Is this your final offer to Ukraine? No, not my final offer. I would like to get the peace. It should have happened a long time ago. The Ukraine war with Russia should have never happened. If I were president, it never would have happened. We're trying to get it ended. One way or the other, we have to...

When you’re discussin’ cussin’, many fancy it too much fussin’. I learned this years back when, after editorializing against it years ago, a reader responded that “we aren’t all Little Lord Fauntleroys.” (Why, that #$@&%*!) In truth, though, objections to vulgarity go beyond 19th-century fictional characters. Some observers warn that its acceptance is a sign of cultural decay. And none other than the Father of our Nation, George Washington, inveighed against it. It “is a vice so mean and low, without any temptation,” he wrote in 1776, “that every man of sense, and character, detests and despises it.”If that doesn’t...

President Donald Trump revealed he would 'love' to see Rep. Marjorie Taylor Greene make a political comeback just hours after labeling her a 'traitor.' During a brief NBC News interview on Saturday, the president was asked about the Republican lawmaker's future after she abruptly announced she would resign from Congress in early 2026 following their public split. Trump admitted that 'it's not going to be easy for her' to claw her way back into politics, but said, 'I'd love to see it,' noting that for now, 'she's got to take some rest.' When pressed on whether the relationship between the...

The conservative backlash against Nick Fuentes has yet to challenge the president who had him over for dinner.Last month, Tucker Carlson, the host of one of the country’s most popular podcasts, interviewed Nick Fuentes, a white-nationalist influencer, for more than two hours. The two men got along famously, and it was little wonder why. Carlson has become a fierce and obsessive critic of Israel; he has interviewed a Holocaust revisionist and said that “Christian Zionists” have “been seized by this brain virus.” Not everyone on the right was pleased. So in the aftermath of the Carlson-Fuentes conversation, Kevin Roberts, president...

Grok Summary of Video Transcript:1. Core Allegation: The "Podesta Plan" and Imminent Civil War PlotDescription: Jones repeatedly references a 2020 Democratic "war game" simulation (attributed to John Podesta via New York Times reporting and congressional records) as an "official plan" to refuse Trump's Electoral College win, send fraudulent electors from swing states, threaten Western secession (e.g., "Cascadia"), and demand reforms like abolishing the Electoral College or splitting California. He claims it's revived post-2024 election, aiming to stoke race-based riots, false flags (e.g., AI deepfakes of Trump crimes, attacks on Black churches blamed on him, or shooting down his plane), and...

The make-believe future that exists only among those who mistook Trump for a typo. There’s a certain kind of conservative, often credentialed and overconfident, who clings to the belief that Trump’s departure from the ballot magically resets the board. They imagine the movement snapping back to a tidy, small-government ethos — as if the last decade were a loud, unruly detour rather than the story itself. Sarah Isgur’s recent conversation with David Leonhardt of the New York Times is a clear example of this instinct: a hope that the base doesn’t really want what it overwhelmingly chose, twice, and...

President Trump has always defied the laws of political gravity, seemingly impervious to setbacks that would sink any other figure and immune from the traditional ebb and flow of campaign cycles. But his capitulation in the fight over releasing the Epstein files, and other recent developments, suggest that, when it comes to Congress, the president is subject to at least some of the same currents as his predecessors, as the first signs of his lame duck status emerge. The willingness of congressional Republicans to defy Mr. Trump and back legislation requiring the disclosure of federal files on Jeffrey Epstein, the...

Today’s Republican Party is big on manliness and masculine virtues. The MAGA right in particular is forever obsessing over who is the biggest, the strongest, the most fearless among them.This is why, watching President Trump’s fight to keep a lid on the Epstein files, I have been struck, delighted even, that among the vanishingly few Republican lawmakers with the courage to defy him have been three fire-breathing congresswomen: Lauren Boebert of Colorado, Marjorie Taylor Greene of Georgia and Nancy Mace of South Carolina.Love ’em or hate ’em, these House troublemakers bucked their party leadership, stared down their president and made...

The roots of cognitive decline later in life may begin in childhood, a major new study suggests.Researchers discovered that the experience of childhood loneliness is strongly linked to accelerated cognitive decline and a significantly higher risk of dementia in people 50 and up. The critical factor was the subjective, emotional feeling of loneliness itself, which sharply increased dementia risk even for those who had friends. Crucially, the link persisted even for those who were no longer lonely as adults, suggesting the damaging effects of early-life isolation can cast a long shadow over the brain's health.While loneliness at any age is...

Time’s up, ChuckChuck Schumer, the Senate minority leader, has a pair of very sweet imaginary friends. They’re a middle-class couple called Joe and Eileen Bailey and they live on Long Island. At one point the imaginary couple, who feature in Schumer’s 2007 book, Positively American, were called the O’Reillys. According to the Hill, one Schumer aide said the name then was changed because the publisher thought O’Reilly was “too ethnic” for mass consumption. Another aide said that claim was false, and Schumer just wanted a name that “sounded more national”. Naming strategy aside, the key point here is that Schumer...

On the campaign trail, Donald Trump was unapologetic about putting America first. He promised to secure the nation’s borders, strengthen the domestic workforce and be tough on countries he thought were taking advantage of the United States.Now, 10 months into his second term, the president is facing backlash from some conservatives who say he is too focused on matters abroad, whether it’s seeking regime change in Venezuela, brokering peace deals in Ukraine and Gaza or extending a $20-billion currency swap for Argentina. The criticism has grown in recent days after Trump expressed support for granting more visas to foreign students...

We need a Marshall Plan for housing, a collection of broad initiatives to make homes more affordable and put the American dream back on trackHomeownership has long been part of the American dream, but that dream has been deferred.Households in their 30s have an ownership rate of just 42% — more than 20 points lower than the national average.The median age of all home buyers is a record-breaking 59, and the age of a first-time buyer is 40 — up from 29 in 1981.As a solution, the Trump administration is floating a 50-year mortgage.Though I disagree with that specific idea,...

The OIG found that despite prior audits and corrective actions, some of the same issues persist, such as states continuing to make capitation payments to MCOs for enrollees who have passed away. A new report from the Office of Inspector General within the Department of Health and Human Services shows multiple states made improper Medicaid payments to managed care organizations after enrollees had died, which exposes persistent fiscal and oversight problems in the nation’s Medicaid managed-care system.In addition, Secretary of Agriculture Brooke Rollins said late last week that SNAP benefit payments have been going to deceased people as well.The audit,...

While many argue that "modern art" began in the 1800s, could it actually have started with Joseph Wright of Derby's An Experiment on a Bird in the Air Pump, nearly a century before?What is "modern art"? It seems like a simple question, but critics and art historians have quarrelled about it for decades without agreement. Nor is there any consensus about which artwork marks the turning point between "traditional" and "modern".Many point to the 1800s – and paintings like Le Déjeuner sur l'Herbe (1863) by Édouard Manet, Rain, Steam, and Speed - The Great Western Railway (1844) by JMW Turner,...

Lawmakers are racing toward a mid-December deadline, with Republicans hoping to present side-by-side legislation with Democrats’ plan to extend ACA subsidies.President Donald Trump has again promised a “far better and far less expensive” alternative to the Affordable Care Act, and Republicans are rushing — again — to deliver one.For weeks throughout the longest government shutdown in history, Trump avoided negotiating with Democrats on the health care concerns fueling their standoff. Now lawmakers on both sides of the aisle are speeding toward a self-imposed deadline of mid-December to hold dueling health care votes.Democrats maintain the simplest and most popular option is...