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Catherine Baab

Catherine Baab

Quartz

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The trade war is real now

New earnings by Hasbro and GM show that tariffs aren't just political abstractions anymore. They're reshaping the businesses of legacy consumer brands

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Quartz

Catherine Baab

GM lost $1 billion from Trump's tariffs. The damage may only be starting

The automaker expects the impact of tariffs to become more pronounced in the next quarter — totaling $4 to $5 billion for the full calendar year

yesterday 20

Quartz

Catherine Baab

'If they want war, they will get war': Europe vows response as Trump escalates tariff threats

European officials are drafting retaliation plans that go beyond tit-for-tat tariffs, including new digital service taxes and procurement restrictions

previous day 9

Quartz

Catherine Baab

Google, Tesla, GM, and more: What to watch in the markets during a blockbuster earnings week

Hundreds of companies are set to report earnings, including Google parent Alphabet, Tesla, GM, Intel, and Coca-Cola

sunday 10

Quartz

Catherine Baab

It's the end of the internet as we know it

The AI era means the internet is splitting in two: one for people, another for the bots

19.07.2025 20

Quartz

Catherine Baab

Wall Street begs Trump: Please don't break the Fed

The president's trial balloon about firing Fed Chair Jerome Powell sent bond traders scrambling and prompted warnings from big bank CEOs

17.07.2025 1

Quartz

Catherine Baab

Wall Street is winning the trade war

The unpredictability of Trump-era trade policy has created a kind of dream environment for trading desks

17.07.2025 5

Quartz

Catherine Baab

Goldman Sachs earnings show big banks are booming on market chaos

Wall Street trading desks have benefitted from the market volatility that followed Trump’s sweeping tariffs announcement, and the threats and...

16.07.2025 1

Quartz

Catherine Baab

The surprising $52 billion blip in BlackRock’s solid quarter

The asset manager reported rising revenue and record assets under management, but one massive withdrawal is too big to ignore

15.07.2025 2

Quartz

Catherine Baab

What JPMorgan earnings say about the economy right now

Markets are humming and upper-income consumers feel safe. But JPMorgan Chase CEO Jamie Dimon says we're not out of the woods

15.07.2025 3

Quartz

Catherine Baab

China's exports are booming despite Trump's tariffs. What's behind the numbers

If Trump’s goal was to isolate and weaken China, the latest export numbers suggest the opposite may be happening

14.07.2025 30

Quartz

Catherine Baab

Netflix, JPMorgan Chase, Goldman Sachs, and Pepsi: Stocks to watch this week

Big banks kick off the second quarter with a slew of earnings reports and market commentary from CEOs. Netflix and Pepsi will also announce results

13.07.2025 30

Quartz

Catherine Baab

Delta brings back its forecast — and maybe a little economic confidence with it

From “best year ever” to cautious clarity, Delta becomes one of the first major companies to bring back earnings guidance. Will others follow?

10.07.2025 3

Quartz

Catherine Baab

Bank CEOs are about to tell us what they really think of Trump’s tariff chaos

The tone of big bank earnings calls will likely reveal more about the economy than any single earnings number

10.07.2025 6

Quartz

Catherine Baab

Biotech startups are facing a new threat

Cuts in federal funding and upheaval at the FDA under Trump have funders keeping their wallets closed — and executives "sounding the alarm"

09.07.2025 9

Quartz

Catherine Baab

July 9 was the deadline. So where are the trade deals?

The White House promised 90 trade agreements by July 9. So far: two partial deals, 14 letters, and a new deadline Trump claims “has not changed.”

09.07.2025 20

Quartz

Catherine Baab

Why is Trump targeting Cambodia and Tunisia first? The quiet logic behind loud trade threats

Why the first wave of new tariff letters targets a mix of allies, low-volume trade partners, and BRICS-adjacent economies

08.07.2025 10

Quartz

Catherine Baab

Tariff chaos escalates as Trump threatens BRICS and misses his own deadline

Trump escalates tariff rhetoric again, but the economy is flashing warning signs — and the promised deals remain almost entirely undelivered.

07.07.2025 2

Quartz

Catherine Baab

'There's a knife at my throat'. A tax code time bomb hammered small businesses

Some businesses were wiped out by a quiet change in the tax code that helped fuel mass layoffs. A fix from Washington is coming too late

07.07.2025 5

Quartz

Catherine Baab

A hidden time bomb in the tax code fueled mass tech layoffs. Here’s how it works

Understanding the Trump-era tax tweak that quietly turned research and development into a liability — and rewrote the economics of tech employment

07.07.2025 3

Quartz

Catherine Baab

Trump's trade deadline and Delta earnings: What to watch in the stock market this week

Here's what to watch in a week freighted with political and market news, from the trade deadline to Delta results

06.07.2025 2

Quartz

Catherine Baab

The flashing warning signs in the June jobs report

A modest gain beat Wall Street expectations. But flatlining demand for white-collar workers and more troublesome signs come as Trump attacks Fed Chair...

03.07.2025 2

Quartz

Catherine Baab

Let's talk about AI cheating

From students using ChatGPT to write their essays and professors using it to grade them, the line between using tools and dishonesty is blurring

03.07.2025 20

Quartz

Catherine Baab

Japan is calling Trump's trade bluff

Japan isn’t biting, but the Trump administration needs 88 more deals in seven days to hit its own deadline

02.07.2025 7

Quartz

Catherine Baab

The dollar just had its worst start to the year in half a century

Amid the trade war, a ballooning deficit, and a sharply falling dollar, investors are finally sweating the math

01.07.2025 4

Quartz

Catherine Baab

Jobs numbers, July 4th, and more: Stocks and data to watch this week

Investors will digest reams of jobs data, plus U.S. beer sales and more. The stock market is closed on July 4th

29.06.2025 9

Quartz

Catherine Baab

He's 26. He runs an $85 million hedge fund. And he's going viral for skewering Trump

Spencer Hakimian runs Tolou Capital. But he has become better known for his provocative macroeconomic takes, often shared in real time on social media

28.06.2025 30

Quartz

Catherine Baab

The Dow surges soars 500 points and oil falls on ceasefire hopes. But Trump says the quiet part loud

Markets rise on hopes for an Israel-Iran ceasefire, even as Trump blurts out that neither country "knows what the f—k they're doing"

24.06.2025 5

Quartz

Catherine Baab

The U.S. strikes Iran. What it means for the markets

All the uncertainty that's been swirling around markets just got a bit more uncertain. Here's what it might mean for stocks, oil, the Fed, and more

23.06.2025 10

Quartz

Catherine Baab

FedEx, Micron, Nike, and inflation: Stocks and data to watch this week

Investors will be watching the aftermath of the U.S. attack on Iran, Powell's testimony, an inflation gauge, and earnings from FedEx, Micron, and more

22.06.2025 5

Quartz

Catherine Baab

Weight-loss drugs are blowing up the U.S. trade deficit — and Trump is blaming Ireland

How a tiny volume of Irish drug ingredients is triggering surreal political and economic drama.

20.06.2025 2

Quartz

Catherine Baab

The Fed is meeting. Don't expect an interest rate cut

While inflation has cooled in recent months, it remains above the Fed’s 2% target and has remained persistently elevated for years

19.06.2025 3

Quartz

Catherine Baab

The Fed holds interest rates steady — and still sees two cuts later this year

The decision and surrounding reasoning, widely expected by markets, leaves the federal funds target rate at its current range of 4.25% to 4.50%

19.06.2025 3

Quartz

Catherine Baab

Weekend Business News Roundup June 14, 2025

Elon Musk has been promising robotaxis since at least 2016. Back then, the idea sounded like a bit like science fiction, and Musk’s timeline was —...

18.06.2025 4

Quartz

Catherine Baab

Weekend Money Markets Roundup June 14, 2025

Even as fresh trade talks get underway in London, and despite the trade truce struck in early May, Chinese exports to the U.S. are cratering....

18.06.2025 2

Quartz

Catherine Baab

Weekend Tech Innovation Roundup June 14, 2025

Generative AI is breaking the dynamic that built the digital-publishing business.Read more...

18.06.2025 2

Quartz

Catherine Baab

America added 1,000 new millionaires every day last year

The world got richer in 2024 — and in the U.S., new millionaires were minted at a rate of more than 1,000 per day.Read more...

18.06.2025 7

Quartz

Catherine Baab

World Bank sounds the alarm as tariff wars bite into global growth

The World Bank has slashed its global growth forecast, warning that President Trump’s tariffs and the resulting political uncertainty are dragging...

10.06.2025 40

Quartz

Catherine Baab

The end of Google traffic is coming faster than expected

Generative AI is breaking the dynamic that built the digital-publishing business.Read more...

10.06.2025 3

Quartz

Catherine Baab

Warner Bros. Discovery is blowing itself up to win the next act

Warner Bros. Discovery stock was up almost 10% on Monday morning after management announced that the conglomerate will split into two separate public...

09.06.2025 30

Quartz

Catherine Baab

Chinese exports to the U.S. are cratering despite a trade truce

Even as fresh trade talks get underway in London, and despite the trade truce struck in early May, Chinese exports to the U.S. are cratering....

09.06.2025 4

Quartz

Catherine Baab

Trump and Musk break up, a tariff truce teeters, and Disney layoffs: Business news roundup

President Donald Trump and Tesla (TSLA) CEO Elon Musk tore into one another on Thursday, as their close alliance collapsed in front of cameras and on...

08.06.2025 8

Quartz

Catherine Baab

Tesla stock plunges, layoffs surge, and housing cracks: Markets news roundup

The economic health of U.S. states varies widely, due to factors such as job growth, income levels, business development, and overall financial...

08.06.2025 10

Quartz

Catherine Baab

Behind the tech layoffs, Nvidia CEO's fear, Microsoft stock's new high: Tech news roundup

For the past two years, it’s been a ghost in the machine of American tech.Read more...

08.06.2025 10

Quartz

Catherine Baab

Apple, Oracle, Adobe and inflation: Stocks and economic data to watch this week

Last week, markets closed in the green, with the Dow, S&P 500, and Nasdaq all notching gains amid a bumper crop of political drama. The most...

08.06.2025 8

Quartz

Catherine Baab

Tesla stock short-sellers raked in $4 billion as Elon Musk and Trump broke up

Short sellers made a killing Thursday as Tesla (TSLA) shares plunged 14%, their steepest single-day drop in over a year, with traders raking in some...

06.06.2025 6

Quartz

Catherine Baab

Lululemon delivers a solid quarter — and the stock still sinks 20% on tariff fears

Shares of Lululemon (LULU), the high-end leggings and “technical apparel” retailer, weredown 20% before Friday’s market open, potentially...

06.06.2025 10

Quartz

Catherine Baab

Tesla stock drops 15% in a week. What's driving it down?

Tesla stock is having a rough week. Shares have fallen more than 15% in the last five days, and were down 9% on Thursday alone. Read more...

05.06.2025 2

Quartz

Catherine Baab

Layoffs are surging as 2025 becomes the year of the pink slip

U.S. employers announced almost 100,000 job cuts in May, up an eye-watering 47% from the same month last year, according to new data released Thursday...

05.06.2025 80

Quartz

Catherine Baab

Dollar Tree results show discount retail is the canary in the coal mine

Dollar Tree (DLTR) just joined Dollar General (DG) and Walmart (WMT) in sending a clear signal about the state of the American consumer: When it comes...

04.06.2025 2

Quartz

Catherine Baab