Month: March 2025
Volkswagen and Stellantis evade Trump’s 25% tariffs, while BMW braces for impact
Volkswagen ID.7 electric cars are seen at the Volkswagen (VW) electric fleet lead plant in Emden, Germany, Feb. 18, 2025. Carmen Jaspersen | Reuters Automakers Volkswagen and Stellantis have confirmed that their vehicles made in North America will be exempt from U.S. President Donald Trump’s newly rolled out 25% tariffs, while BMW says it will […]
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Trump rejects pleas from business for more clarity on tariffs: ‘They always say that’
U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | Reuters President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House […]
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Kugler says Fed should hold interest rates amid inflation risks
Adriana Kugler, member of the Board of Governors of the US Federal Reserve, speaks on the economy in Washington, DC, US, on Wednesday, Feb. 7, 2024. Al Drago | Bloomberg | Getty Images Inflation could prove sticky while prices might pick up again, Federal Reserve Governor Adriana Kugler warned, signaling that the U.S. central bank […]
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Here’s why banks don’t want the CFPB to disappear
Key Points For years, American financial companies have fought the Consumer Financial Protection Bureau in the courts and media. Now, with the CFPB on life support after the Trump administration issued a stop-work order and shuttered its headquarters, the agency finds itself with an unlikely ally: the same banks that reliably complained about its rules […]
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Stocks making the biggest moves premarket: JPMorgan Chase, Coinbase, Redfin, Novo Nordisk
Check out the companies making headlines in premarket trading. Bank stocks — Shares of major banks were under pressure Monday as worries over a possible U.S. economic slowdown weighed on them. JPMorgan Chase dropped more than 1% along with Citigroup , Wells Fargo , Bank of America , Morgan Stanley and Goldman Sachs . DoorDash […]
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Novo Nordisk shares fall 6.3% after latest trial results for its next-generation weight loss drug
Medical bottles and syringe are seen with Novo Nordisk logo displayed on a screen in the background. Nurphoto | Nurphoto | Getty Images Shares of Novo Nordisk fell on Monday, after the Danish pharmaceutical giant said its next-generation weight-loss drug CagriSema helped obese or overweight adult patients with type 2 diabetes drop 15.7% of their […]
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Trump ‘an agent of chaos and confusion,’ economists warn — but a U.S. recession isn’t in the cards yet
U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | Reuters Global market volatility and geopolitical turbulence in the wake of President Donald Trump’s return to the White House have led to warnings that the U.S. economy could be heading for […]
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F1 star Lando Norris and McLaren chief Zak Brown reveal how they staged the ultimate comeback
After years of low leaderboard positions, McLaren’s Formula 1 team had a comeback season to be remembered in 2024, culminating in taking home the coveted Constructors’ Championship trophy for the first time in 26 years. But this was far from an overnight success story. After years of low leaderboard positions, McLaren’s Formula 1 team had […]
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CNBC Daily Open: The impact of Trump policies will affect Fed’s interest rate moves
Federal Reserve Chair Jerome Powell speaks at the 2025 U.S. Monetary Policy Forum on March 7, 2025, in New York City. Spencer Platt | Getty Images News | Getty Images The U.S. nonfarm payrolls report for February was weaker than expected, but the silver lining is that the number of jobs added for the month […]
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European markets to start new trading week on a positive note, trying to shake off recent volatility
European markets are expected to see a positive start to the new trading week after recent global market uncertainty and volatility. The U.K.’s FTSE 100 index is expected to open 32 points higher at 8,711, Germany’s DAX up 58 points at 23,092, France’s CAC 58 points higher at 8,170 and Italy’s FTSE MIB 186 points higher […]
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