Month: April 2025
China strikes back with 125% tariffs on U.S. goods, starting April 12
U.S. and Chinese flags and a “125% tariffs” label are seen in this illustration taken April 10, 2025. Dado Ruvic | Reuters China has retaliated against the U.S. President Donald Trump’s reciprocal tariffs by raising its levies on U.S. goods to 125% from 84%, Customs Tariff Commission of the State Council said in a statement on Friday. […]
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European stocks rise slightly at the open as tariff-triggered volatility persists
European stock markets opened slightly higher in early trade on Friday as a volatile week for shares nears its end and concerns about a trade war between the U.S. and China persist. The pan-European Stoxx 600 opened up 0.4%, with the U.K.’s FTSE 100 inching up by 0.5%, while Germany’s Dax and France’s CAC 40 […]
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UK economy expands by 0.5% in February, more than expected
People browsing stalls along Portobello Road Market on Feb. 22, 2025, in Notting Hill, West London. Mike Kemp | In Pictures | Getty Images The U.K. economy grew by a higher-than-expected 0.5% month-on-month in February amid a jump in the services output, official data showed on Friday. Analysts had projected a monthly gross domestic product […]
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CNBC Daily Open: Cool CPI is of no comfort to investors as stock rally peters out
A trader works during the closing bell on the floor of the New York Stock Exchange on April 10, 2025. Jeenah Moon | Reuters Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index […]
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Apple is left without a life raft as Trump’s China trade war intensifies, analysts warn
People shop at an Apple store in Grand Central Station in New York on April 4, 2025. Michael M. Santiago | Getty Images Though U.S. President Donald Trump’s 90-day pause on many of his “reciprocal tariffs” has given some firms and investors respite, America’s largest company, Apple, hasn’t been so lucky. The Cupertino-based tech giant […]
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China unlikely to aggressively devalue yuan to offset impact of U.S. tariffs, economists say
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told CNBC. […]
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How China’s exporters are scrambling to mitigate the impact of punishing U.S. tariffs
A large number of machinery and vehicles are ready for shipment at the dock of the Oriental Port Branch of Lianyungang Port in Lianyungang, China, on September 27, 2024. Costfoto | Nurphoto | Getty Images BEIJING — U.S. has raised tariffs on Chinese imports to triple digits. For China’s exporters, it means raising prices for […]
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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, DC, US, on Wednesday, March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Friday. Here’s what Wall Street expects, according to LSEG: Earnings: […]
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Here are 10 countries with the highest concentration of AI talent globally, according to new LinkedIn data
Singapore tops LinkedIn’s 2025 AI Talent Index, as the country’s supply for AI talent is 2.45 the global average. Drazen_ | E+ | Getty Images With the rise of artificial intelligence, companies around the world are in a race for strong AI talent and working to upskill their workforces on the technology. This has been […]
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CNBC Daily Open: The rally in stocks fizzles out — March’s cool inflation has little impact
Traders work on the floor of the New York Stock Exchange on April 10, 2025 in New York City. Spencer Platt | Getty Images Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index […]
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