Month: April 2025
Trump’s new reciprocal tariffs take effect on imports from around the world
U.S. President Donald Trump speaks, on the day he signs energy-related executive orders at the White House in Washington, D.C., U.S., April 8, 2025. Nathan Howard | Reuters A new round of steep tariffs imposed by President Donald Trump took effect early Wednesday morning on products imported from scores of countries around the world. The […]
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Wall Street starts to cut China growth forecasts as trade tensions with U.S. escalate
Key Points Citi on Tuesday became one of the first investment firms to lower its China growth forecast on escalating trade tensions with the U.S. Goldman Sachs analysts on Tuesday cautioned that additional U.S. tariffs on China have a diminishing negative impact on the world’s second-largest economy. Diminishing impact from tariffs can also feed into […]
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IRS acting commissioner will resign over deal to send immigrants’ tax data to ICE, sources say
Pgiam | Istock | Getty Images WASHINGTON — The acting commissioner of the IRS is resigning over a deal to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S., according to two people familiar with the decision. Melanie Krause, who had served as acting head since February, […]
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CNBC Daily Open: Musk slams Navarro as Trump’s 104% tariffs on China are set to take effect
Shipping containers and gantry cranes beyond a fishing boat near the Yangshan Deepwater Port in Shanghai, China, on Wednesday, Dec. 6, 2023. China’s trade figures are scheduled for release on Dec 7. Bloomberg | Bloomberg | Getty Images In just a few hours, Trump tariffs will kick in — which includes a ghastly 104% duty […]
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Asia-Pacific markets fall as Trump’s country-specific tariffs set to come into effect
People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Isaac Lawrence | AFP | Getty Images Asia-Pacific […]
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Judge says White House can’t ban AP from Oval Office, Air Force One
AP’s members leave the U.S. District Court, on the day a judge hears arguments in the Associated Press’ (AP) bid to restore access for its journalists to cover press events aboard Air Force One and at the White House, after the Trump administration barred the news agency for continuing to refer to the Gulf of […]
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Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro. Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference […]
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FDA guts division that trains staff and health-care professionals on key practices like opioid safety, avoiding drug errors
The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has learned. In an email viewed by CNBC, workers were notified that the Division of Learning and Organizational Development, […]
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Apple’s 4-day slide puts Microsoft back on top as most valuable company
Satya Nadella, CEO of Microsoft, laughs as he attends a session at the World Economic Forum in Davos, Switzerland, on Jan. 23, 2020. Denis Balibouse | Reuters Apple‘s 23% plunge over the past four trading sessions has again turned Microsoft into the world’s most valuable public company. As of Tuesday’s close, Microsoft is worth $2.64 […]
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Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: ‘I don’t think that’s a thing’
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn’t sold. “I don’t think that’s a thing,” Martin said on CNBC’s “The Exchange” on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone […]
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