The Trade War is On

Iran hits two foreign oil tankers in Iraqi waters, plus at least three others near the Strait of Hormuz. The attacks prompt the G7 to discuss escorting ships "when security conditions allow." Oil prices rocket past $100 a barrel, prompting the International Energy Agency to order ...  Show more

Citing its most intense strikes of the war, Iran's military unleashes an unrelenting bombardment overnight, targeting Israeli and US assets. CNN teams in Doha reported booms loud enough to shake buildings as Qatar fought off waves of missiles and drones. Meanwhile, the US vows no ...  Show more

First: A defiant Secretary of Defense Pete Hegseth, under siege after another Signal chat is revealed, says he's not going anywhere. The White House concurs, at least for now.   Plus: There are fresh warning signs about the Trump trade war sparking a global recession, as the val ...  Show more

First: Investors think President Trump may be backing down on his trade war with China. So does Beijing. You won't believe what's trending on Chinese social media today.  Plus: How much longer will the GOP stand by embattled Defense Secretary Pete Hegseth? Dana speaks with the t ...  Show more

First: Trade war. Trump slaps sweeping new tariffs on American adversaries and friends. Former Treasury Secretary Larry Summers on what it means for you. Plus: The political blowback and another dizzying week. Trump unveils a strict hiring freeze and FBI purge and a botched fund ...  Show more

On Friday, President Trump fired the top Bureau of Labor Statistics official after the government published new data showing that U.S. hiring slowed sharply this summer. The jobs report was the weakest in President Trump’s second term. WSJ’s Matt Grossman reports on the economist ...  Show more