Bloomberg Daimler AG dropped plans to expand its business in Iran after the US renewed a host of sanctions and President Donald Trump threatened to penalise companies doing business in the country. The German carmaker has suspended its “limited” activities in Iran until further notice because of the trade curbs coming into effect on Tuesday, the Mercedes-Benz maker and biggest ...

Bloomberg They’re Donald Trump’s kind of business. They dominate the domestic market, rack up a trade surplus by selling to foreigners, and do a lot of their manufacturing in states that voted for him. But America’s recreational boat-builders are getting caught up in the president’s trade war. With every escalation, they’ve taken a fresh hit. The industry employs about 150,000 ...

Let’s travel back in time to 1995. Most Americans still remembered the calamitous inflation of the late 1970s (prices rose 13 percent in 1979). Many federal benefits, including Social Security, were (and are) tied to inflation. But was the inflation overstated, as many economists thought? If so, the economy might be doing better than repor-ted. To answer that question, the ...