War broke out among friends Thursday as U.S. President Donald Trump, who has been rattling economic sabers with China, turned instead on America's allies, imposing tariffs on goods from Canada, Mexico and the European Union. They quickly pledged retaliation. —David E. Rovella Here are today's top storiesTrump is imposing tariffs on steel and aluminum, the most aggressive trade action taken yet against major U.S. trading partners. United Airlines was accused of a broad anti-union campaign that involves subjecting inflight food service employees to constant, televised anti-labor messaging in the workplace.
Cryptocurrency exchange Bittrex, which lets users swap almost 200 different digital coins, said it forged banking agreements that will allow some customers to trade in U.S. dollars. Trafigura is one of the hidden companies that power the world economy, and it's seeking redemption for a diaster that took place a dozen years ago. Unions took a huge hit in one of their last strongholds: the airline industry. The decision by Flexjet pilots to heed management and drop the Teamsters may be a sign of things to come. What you'll need to know tomorrowWhat you'll want to read tonightMost have an official lifespan of 30 years, but there are several surprising ways that companies are keeping these giants, well, afloat. Like Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. How much should you be saving for retirement? Bloomberg News’ personal finance Facebook group, Money Talks, is filled with tips to help you save money, become better informed about where your money goes, or better organize your financial life. Download the Bloomberg app: It's available for iOS and Android. |