Month: April 2025
Trump’s pharmaceutical tariffs could raise costs for patients, worsen drug shortages
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images President Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some experts told CNBC. The duties could disrupt the complex pharmaceutical supply chain, drive up the prices of drugs […]
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Hollywood’s Chinese box office was already in decline even before Trump’s tariffs
Posters of film ‘Despicable Me 4’, film ‘Stand By Me’ and film ‘A Legend’ are displayed at the entrance of a cinema on July 16, 2024 in Shanghai, China. Vcg | Visual China Group | Getty Images Hollywood is being pulled into President Donald Trump’s trade war. After Trump escalated tariffs on Chinse imports earlier […]
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Trump advisor Peter Navarro hypes stocks a day after calling tariff-driven plunge ‘no big deal’
Senior trade adviser Peter Navarro attends an interview with CNN, at the White House, in Washington, D.C., U.S., April 10, 2025. Evelyn Hockstein | Reuters President Donald Trump’s trade advisor Peter Navarro on Friday encouraged Americans to buy stocks one day after dismissing a steep market drop fueled by fears of a tariff-induced slowdown as […]
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BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now
Larry Fink, chief executive officer of BlackRock Inc., at the Berlin Global Dialogue in Berlin, Germany, on Tuesday, Oct. 1, 2024. Bloomberg | Bloomberg | Getty Images BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened. “I think we’re very close, if not in, a recession now,” Fink […]
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Jamie Dimon says he expects S&P 500 earnings estimates to fall as companies pull guidance
JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the […]
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Frontier Airlines cuts flights after travel demand fell in March
Frontier Airlines Nurphoto | Nurphoto | Getty Images Frontier Airlines joined Delta Air Lines in pulling its full-year outlook and cutting flights due to a drop in demand and an “uncertain environment.” The budget airline also cut its first-quarter outlook. Frontier said its revenue growth likely rose 5% in the first quarter, with capacity up […]
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New York is still the richest wealth hub. Here’s which cities are gaining ground
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Despite the recurring narrative of wealth flight, New York City is still the world’s richest city, and it’s gotten […]
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With IPOs on hold even longer, tariffs spell trouble for private tech investors
A VIX volatility index chart on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, March 19, 2025. Federal Reserve officials held their benchmark interest rate steady for a second straight meeting, though they telegraphed expectations for slower economic growth and higher inflation. Photographer: Michael Nagle | Bloomberg | […]
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U.S. energy secretary says shale industry will ‘survive and thrive’ despite plunging crude prices
U.S. Secretary of Energy Chris Wright and U.S. Secretary of the Interior Doug Burgum speak with members of the media outside of the West Wing of the White House, in Washington, D.C., U.S., March 19, 2025. Kent Nishimura | Reuters ABU DHABI, United Arab Emirates — U.S. Energy Secretary Chris Wright said he is not […]
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Tesla stops taking new orders in China for two imported, U.S.-made models: Reuters
A Tesla Model S at a charging station in Beijing, China. Meghan Reeder | CNBC Tesla has suspended taking new orders for Model S and Model X vehicles on its Chinese website, Reuters checks showed on Friday, as the world’s two largest economies exchange blows in a trade war. Both models are made in the […]
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