Month: April 2025
China’s Xi says ‘protectionism will lead nowhere’ as he starts Southeast Asia outreach amid tariff worries
Vietnam’s Prime Minister Nguyen Xuan Phuc, 4th right, and Chinese President Xi Jinping, left, attend the meeting at the Great Hall of People on April 25, 2019 in Beijing, China. Pool | Getty Images News | Getty Images Chinese President Xi Jinping said that there are no winners in a trade war and warned against […]
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CNBC Daily Open: Trump exempting tech from tariffs suggests the importance of consumers
The Apple Fifth Avenue store in New York, U.S., on Monday, Feb. 24, 2025. Michael Nagle | Bloomberg | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from his so-called “reciprocal” tariffs, […]
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Like defense, Goldman says ESG investors should bring oil and gas stocks in from the cold
An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas. Brandon Bell | Getty Images News | Getty Images Just as many mission-driven fund managers have reconsidered their defense policy in the wake of Russia’s full-scale invasion of Ukraine, an analyst at Goldman Sachs says it is now time for […]
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Baby boomers and first-time travelers are shunning Europe’s summer hotspots in favor of ‘coolcations’
Baby boomers and first-time travelers appear to be driving a so-called “coolcations” trend, shunning Europe’s peak summer hotspots in favor of cooler climes — such as the Nordic and Baltic countries. Extreme summer heat, combined with cost and overcrowding concerns, are affecting where people choose to go on vacation. For some, the appeal of booking […]
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30-year-old influencer made $4 million in sales by creating a luxury hair oil brand rooted in Indian traditions
Erim Kaur, founder and CEO of luxury haircare brand ByErim. Erim Kaur, entrepreneur and influencer, made $4 million in sales after founding a hair-oil brand rooted in ancient Indian traditions. London-based Kaur has over 700,000 followers on Instagram and TikTok combined, and founded ByErim in 2019 — a luxury haircare brand known for its flagship […]
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Goldman Sachs is about to report first-quarter earnings
David Solomon, CEO of Goldman Sachs, testifies during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Win Mcnamee | Getty Images Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $12.35 per share, according […]
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China exports skyrocket over 12% in March while imports extend declines as trade war worsens
A general view of the container terminal in Qianwan of Qingdao Port, a port in Shandong Province, China, March 17, 2023. CFOTO | Future Publishing | Getty Images China’s exports jumped more than expected in March as businesses frontloaded outbound shipments to avoid prohibitive U.S. tariffs, while imports extended declines as sluggish domestic demand persisted. […]
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Chinese exchanges restrict daily stock sales as trade war with U.S. escalates, sources say
A screen showing the Shanghai composite index (top), Shenzhen component index (C) and Beijing stock exchange 50 index (bottom) in Jing’an district in Shanghai on April 9, 2025. Hector Retamal | Afp | Getty Images Chinese bourses have set daily restrictions on net share sales by hedge funds and large retail investors, four sources said […]
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CNBC Daily Open: Tech tariff exemption suggests the importance of consumers
An Apple store at Manhattan Village, on April 8, 2025 in Manhattan Beach, California, U.S. Jay L Clendenin | Getty Images News | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from […]
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Asia-Pacific markets set to climb after Trump pauses tariffs on consumer electronics
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images Asia-Pacific markets were set to climb Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment. Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new “reciprocal” tariffs, […]
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