Beneath Market’s Uneasy Calm, Dread Runs Deep Across Wall Street

It was an unexpected, if improbable relief. The panic unleashed by Donald Trump’s trade war, which convulsed financial markets around the globe and sowed doubts about America’s standing in the world, died down nearly as quickly as it began.

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Fed Chair Powell Is Playing Politics, Trump Says

President Donald Trump says he’s not happy with the job Federal Reserve Chair Jerome Powell is doing. He says Powell is “playing politics,” and interest rates should be coming down. Trump spoke to reporters in the Oval Office. (Source: Bloomberg)

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Trump Threatens Harvard’s Tax-Exempt Status

Harvard University pushed back against the US government after President Donald Trump said the school should lose its tax-exempt status, warning that such a move would endanger its ability to carry out its mission and threaten higher education in America. Urban Institute Nonresident Senior Fellow Sandy Baum has more on the story. (Source: Bloomberg)

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Retailers Are Directly Blaming Tariffs for New Price Increases

One stroller company is warning customers that price hikes due to new US tariffs are unavoidable, while an environmentally friendly cleaning-product brand is providing an itemized list of goods that are getting more expensive. A luggage retailer, meanwhile, has described the situation as “a complete dumpster fire.”

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Ares Says Cash-Hungry Private Equity Investors Face Big Wait

Private equity investors will have to wait even longer before getting back their money back from older funds as global trade turmoil dims hopes of a deal revival, according to the head of Ares Management Corp.’s buyout business.

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