Month: April 2025
Tariffs-spared Kremlin says a global war trade would still hurt Russia
President Donald Trump and Russian President Vladimir Putin shake hands as they hold a joint news conference after their meeting in Helsinki, Finland, July 16, 2018. Leonhard Foeger | Reuters Russia escaped unscathed from President Donald Trump’s trade tariffs unveiled earlier this month, but the Kremlin says Moscow is not immune from the economic aftershocks […]
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Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty Images Entertainment | Getty Images French […]
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23andMe bankruptcy under congressional investigation for customer data
Signage at 23andMe headquarters in Sunnyvale, California, U.S., on Wednesday, Jan. 27, 2021. David Paul Morris | Bloomberg | Getty Images The House Committee on Energy and Commerce is investigating 23andMe’s decision to file for Chapter 11 bankruptcy protection and has expressed concern that its sensitive genetic data is “at risk of being compromised,” CNBC has […]
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BP shareholders punish chair Helge Lund with low support
The BP logo is displayed outside a petrol station on January 30, 2025 in Warrington, United Kingdom. Nathan Stirk | Getty Images News | Getty Images BP’s CEO Murray Auchincloss and Chair Helge Lund were re-elected on Thursday, although the sharply reduced level of shareholder support for Lund could mean his previously announced departure is […]
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European Central Bank cuts interest rates, warns of ‘deteriorated’ growth outlook on trade tensions
The European Central Bank made yet another 25-basis-point interest rate cut on Thursday as global tariff turmoil has created widespread uncertainty and spurred fears about the euro zone’s economic growth. A rate cut was fully anticipated by markets, with an around 94% chance of a 25-basis-point trim being priced in ahead of the decision, according […]
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Stocks making the biggest moves premarket: Hertz, UnitedHealth, Eli Lilly and more
Check out the companies making headlines before the bell: Hertz — Shares of the rental car company soared nearly 16%, extending the gains seen in the previous session. On Wednesday, the stock skyrocketed more than 56% after Bill Ackman’s Pershing Square disclosed that it had taken a sizable stake in the name. UnitedHealth — The […]
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CNBC’s Inside India newsletter: Could India be a hedge against trade wars and tariffs?
Liquor bottles are displayed at a store on the outskirts of New Delhi on April 3, 2025. Money Sharma | Afp | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. […]
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Trump’s tariffs are ‘inviting corruption,’ Democrats tell Bessent, Lutnick
Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans’ budget resolution on April 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Dozens of Democratic lawmakers are warning that President Donald Trump’s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme […]
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Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
U.S. President Donald Trump and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chairman Jerome Powell. In a Truth Social post, Trump said: “The ECB is expected to cut interest rates […]
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Target CEO Cornell to meet with Sharpton to discuss DEI rollback as civil rights leader considers boycott
People walk past Target Store in Midtown Manhattan on March 6, 2025 in New York City, United States. Mostafa Bassim | Anadolu | Getty Images Target CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and a slowdown in foot traffic […]
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