Here’s a quick tour of the people, laws and trends that made U.S. capitalism what it is today

US beef and cattle prices have reached record highs due to a combination of tight supply and strong demand, significantly impacting consumers at supermarkets and restaurants. Farmers are hesitant to expand their herds and are selling off high-priced heifers to manage debt, indicating that these rising costs may persist. This situation matters because it affects food affordability and could lead to broader economic implications for both consumers and the agricultural sector.

The recent tariff decree from the White House has sparked renewed discussions around the auto trade war, following President Donald Trump's announcement. This move has led to a noticeable uptick in U.S. auto stocks as investors react to the potential implications for the industry. Understanding these developments is crucial as they could influence market dynamics and trade relations moving forward.

South Korea's top aide has stated that the country cannot afford to pay $350 billion to the United States for a tariff deal, as suggested by former President Trump. This statement highlights the ongoing tensions between the two nations regarding trade agreements and raises concerns about the economic implications for South Korea. The inability to meet such a financial demand could strain diplomatic relations and impact future negotiations.

Mexico's nearshoring boom is facing significant trade risks as US companies shift production from China to Mexico. While this move was initially seen as a positive trend for North American manufacturing, recent tariffs imposed by President Donald Trump are complicating matters. These tariffs are particularly affecting Canadian auto parts suppliers, highlighting the fragility of the new supply chain dynamics. This situation is crucial as it could reshape the future of manufacturing in North America and impact economic relationships across the region.

Donald Trump's recent announcement of a 'massive' oil deal in Pakistan has raised eyebrows among experts and former officials, who point out that there are no indications of untapped oil reserves in the region. This meeting with Pakistan's Prime Minister Shehbaz Sharif and Army Chief Asim Munir marks a significant shift in US-Pakistan relations, but the lack of substance behind the oil deal casts doubt on its viability. It matters because it highlights the complexities of international diplomacy and the challenges of fostering genuine partnerships.

The recent US government shutdown is seen as a modest setback for the economy, but it raises serious concerns about the credibility of lawmakers. This situation not only disrupts federal services but also undermines public trust in government efficiency. As Congress struggles to reach a consensus, the implications for economic stability and governance are significant, making it a critical issue for citizens and businesses alike.

Stellantis has announced a recall of over 123,000 vehicles in the U.S. due to a potential safety risk involving detached trim pieces. This recall is significant as it highlights ongoing concerns about vehicle safety and the responsibility of manufacturers to ensure their products meet safety standards. Affected owners will need to bring their vehicles in for inspection and necessary repairs, emphasizing the importance of consumer awareness and proactive measures in automotive safety.

Deputy Prime Minister Gan Kim Yong has indicated that Singapore's drugmakers may not face immediate repercussions from the recent US pharma tariffs. This is significant as it suggests that the local pharmaceutical industry could remain stable while the government engages in discussions with Washington for further clarity on the new levies. Such proactive measures could help safeguard Singapore's economy and maintain its position as a key player in the global pharmaceutical market.

Standard Chartered has successfully defeated two lawsuits in the United States that alleged the bank had ties to terrorist attacks. This victory is significant as it not only protects the bank's reputation but also reinforces its commitment to compliance and ethical banking practices. The outcome may boost investor confidence and demonstrate the bank's resilience in facing legal challenges.

In a significant move, President Trump has imposed steep tariffs on a range of products including drugs, heavy trucks, and furniture. This decision is likely to impact consumers and businesses alike, potentially leading to higher prices and strained trade relations. The tariffs aim to protect domestic industries but could also provoke retaliatory measures from affected countries, making it a critical issue to watch in the coming months.

The US is set to honor a 15% tariff cap on drugs imported from the EU and Japan, aligning with existing trade agreements with these regions. This move is significant as it aims to facilitate smoother trade relations and potentially lower drug prices for American consumers, reflecting a commitment to international cooperation in the pharmaceutical sector.

Wall Street has broken its three-day losing streak, buoyed by a new report indicating that U.S. inflation has risen to 2.7%, aligning perfectly with economists' expectations. This news is significant as it suggests that inflation is stabilizing, which could lead to more confidence in the market and potentially encourage investment.

In a controversial move, President Trump announced he will deploy troops to Portland, Oregon, citing the need to protect U.S. Immigration and Customs Enforcement facilities. This decision has sparked significant debate about the militarization of law enforcement and the implications for civil liberties, raising concerns among citizens and activists alike.

The closure of a legendary rock band's residency on the Las Vegas Strip marks the end of an era for fans and the music scene. This long-running show not only entertained countless visitors but also solidified the band's legacy in the entertainment capital of the world. Its conclusion raises questions about the future of live music in Las Vegas and what it means for both artists and fans.

In Peru, a wave of protests led by Gen Z is challenging President Boluarte's administration, focusing on issues like pensions and corruption. This movement is significant as it highlights the growing discontent among younger generations regarding government accountability and economic stability, potentially reshaping the political landscape in the country.

Former President Donald Trump has intensified his campaign for retribution by demanding that Microsoft terminate former Deputy Attorney General Lisa Monaco, claiming her access to sensitive information is unacceptable. This move highlights the ongoing tensions between Trump and figures from the previous administration, raising questions about the implications for corporate governance and political influence in the tech industry.

In a significant move for the Argentine financial landscape, the local investor group Emes has acquired a stake in the debt of InterCement, as reported by Clarin. This acquisition not only reflects confidence in the cement industry but also highlights the growing interest of Argentine investors in strategic assets. Such investments can bolster local economies and create opportunities for growth, making this development noteworthy for both investors and the market.

Costco has quietly extended its hours for members, a change that has proven beneficial for both shoppers and the company. This move allows customers more flexibility to shop at their convenience, enhancing their overall experience while also potentially increasing sales for Costco. It's a win-win situation that reflects the company's commitment to customer satisfaction.