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Your Evening Briefing: Markets Fall on Trump’s Tariffs

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A deluge of data confirms the U.S. economy is doing well (despite the market tanking Thursday) with unemployment claims falling to Nixon administration lows. That hasn’t translated into growing wages, though, and census figures show women and African Americans remain at a clear disadvantage. In other news, Anthony Scaramucci unloaded on White House Chief of Staff John Kelly, saying he's pushing away Donald Trump’s best advisers.—Katie Robertson

Markets plummet for a third straight day. Stocks dropped through the floor and Treasuries climbed after the president reaffirmed that the U.S. will slap substantial tariffs on steel and aluminum imports. He expects to sign a formal order next week in a major escalation of a hawkish trade agenda that could spur global retaliation.

Another 2.4 million Americans were hacked via Equifax. If you were breathing a sigh of relief that you weren’t among the 145.5 million people whose identities were stolen last year, it might have been too soon. The credit-reporting firm said it has additional customers to notify.

Scaramucci is worried about the Skybridge sale. The former White House communications director (one of four since Trump took office, though he was fired) said he fears Trump’s chief of staff will thwart his bid to sell his stake in the firm to China’s HNA.

Snap skipped employee bonuses—and emailed them a survey asking what the company is doing right and wrong a year after it’s IPO. Grievances will be aired. Just last month, the social media giant reported revenue that beat Wall Street’s projections for the first time.

How to retire without running out of money. Blueprint Income has a plan to save Americans from retirement insecurity. The secret weapon? Annuity contracts. Really.

Harvard’s $1 billion losing bet. The university’s highly paid money managers thought they could manage risks other schools avoided. Not so. Harvard bet the farm on natural resources around the world, including tomatoes, sugar, and eucalyptus. It didn't go too well. 

Fancy water bottles aren’t worth the money, but they may change your life. Our critic tested several of the top offerings from the multibillion-dollar reusable water bottle market and found an existential truth.

Source: Vendors
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