Month: April 2025
CNBC Daily Open: The Trump administration wants more than 0% tariffs
U.S. President Donald Trump gestures during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a […]
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European markets set to open higher as tariff tensions rage on
European markets were set to start Tuesday’s trading day in positive territory after a four-day losing streak as red-hot tariff tensions rage on around the world. Stocks sank Monday, with the pan-European Stoxx 600 ending the day around 4.5% lower. This marked its lowest closing level since January 2024. Key regional indices including the U.K.’s […]
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Market turbulence will not impact Mediobanca deal, Monte dei Paschi CEO says
Key Points Monte dei Paschi di Siena downplayed the potential impact of ongoing market turbulence on its 13-billion-euro offer for Mediobanca, telling CNBC it expects to complete the deal this summer. Analysts have been divided over the benefits of the deal, with some warning that there are limited synergies in combining two different banks. Acquiring […]
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South Korea sets snap presidential election for June 3, drawing out contenders
Han Duck-soo, South Korea’s prime minister and acting president, speaks during a news conference after lawmakers passed a motion to impeach South Korean President Yoon Suk Yeol in Seoul, South Korea, on Dec. 14, 2024. Bloomberg | Bloomberg | Getty Images Leading contenders began to throw their hats in the ring on Tuesday as South Korea officially set June 3 for a snap presidential election triggered […]
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European and Asian defense stocks have rallied this year. A lack of trust in the U.S. could be driving those gains
Asian and European defense stocks have been outperforming their U.S. counterparts. Guvendemir | E+ | Getty Images A quote from the 2008 TV series “Star Wars: The Clone Wars” goes: “Wars are not won with superior weapons, but with superior strategy.” However, the strategy now in the markets, it seems, is investing in weapons — […]
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China says it will ‘fight to the end’ after Trump threatens 50% higher tariffs
The Chinese flag flies in Tiananmen square, as seen from the Great Hall of the People where meetings of the National People’s Congress continued in Beijing on March 6, 2025. Greg Baker | Afp | Getty Images China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs, and vowed to […]
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CNBC Daily Open: Trump rejects offers to tear down tariffs, threatens more on China
U.S. President Donald Trump speaks during a meeting with Israeli Prime Minister Benjamin Netanyahu (not pictured) in the Oval Office at the White House in Washington, U.S., April 7, 2025. Kevin Mohatt | Reuters The meaning of the word “reciprocity” is being strained by the Trump administration. Not only did the White House use a […]
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Asia-Pacific markets set to open mixed as Trump tariffs sap investor confidence
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images Asia-Pacific markets were set to open mixed Tuesday as U.S. President Donald Trump’s tariff policy and threats of even higher levies against China keep equities under pressure. Australia’s S&P/ASX 200 futures were at 7,392, […]
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How to position amid widespread market volatility, according to BlackRock’s Ben Powell
BlackRock’s Ben Powell says he remains upbeat about a specific set of investment opportunities despite the global stock market sell-off continuing on Monday. Trillions of dollars have vanished from global markets as investors flee assets set to be hit hard by President Donald Trump’s sweeping tariff regime. While economists warn that the brewing trade war […]
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