Month: April 2025
Trump tariffs mean higher prices, big losses for Amazon sellers that source from China
President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic. Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to […]
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State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty Images State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the […]
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State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty Images State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the […]
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The wealthy are loading up on cash, gold and family trusts during market turmoil
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. Wealthy investors have made the best trade over the past week — largely doing nothing. While many hedge funds and institutions […]
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Stocks making the biggest moves midday: Capri, Janover, Harley-Davidson, CarMax, U.S. Steel and more
Check out the companies making headlines in midday trading: CarMax — The stock sank 20% after the used car retailer’s fiscal fourth-quarter earnings fell short of Wall Street’s expectations. Earnings came in at 58 cents per share, versus the 65 cents anticipated from analysts polled by LSEG. Harley-Davidson — The motorcycle stock dropped 12% after […]
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Inside Isomorphic Labs, the secretive AI life sciences startup spun off from Google DeepMind
Demis Hassabis, Co-Founder and CEO of Google DeepMind and Nobel Prize Laureate in Chemistry 2024, attends the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 10, 2025. Benoit Tessier | Reuters On a rare sunny day in London at the Google DeepMind office, Colin Murdoch saw the bank deposit from […]
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Tariffs, trade war inflation impact to be ‘pretty ugly’ by summer, economists say
Key Points Economists expect that tariffs will lead to higher prices for consumers. The price impact will be noticeable by summer, economists said. Food prices will be among the early indicators, then physical goods, they said. President Donald Trump may change course regarding policy, however. Source
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Trump’s immigration policy is weighing on beer sales, Constellation Brands CEO says
Bottles of Corona beer, the flagship brand of Grupo Modelo are displayed in this illustration taken in Monterrey, Mexico, February 18, 2025. Daniel Becerril | Reuters President Donald Trump’s tariffs aren’t the only presidential policy that is weighing on Constellation Brands. Along with tariffs on Mexican imports, his hardline immigration stance is also hurting the […]
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How the mother of all ‘short squeezes’ helped drive stocks to historic gains Wednesday
A trader works on the floor of the New York Stock Exchange during afternoon trading on April 9, 2025 in New York. Angela Weiss | Afp | Getty Images A massive number of hedge fund short sellers rushed to close out their positions during Wednesday afternoon’s sudden surge in stocks, turning a stunning rally into […]
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Trump’s pivot on tariffs shows that Wall Street still has a seat at his table
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled Annual Oversight of Wall Street Firms, in the Hart Building on Dec. 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images With each passing day since President Donald Trump’s sweeping tariff announcement last week, a […]
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