Month: April 2025
Politicians urge calm in Europe after Trump tariffs drive ‘stock market earthquake’
In this photo illustration, a double exposure images shows U.S. President Donald Trump against the EU flag. Sopa Images | Lightrocket | Getty Images European Union leaders urged a calm response to U.S. President Donald Trump’s tariffs that have battered global markets, days after a more bellicose China pulled the trigger on retaliation. “The reaction […]
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JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing. Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder letter, which has become […]
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Beijing’s strong counter tariffs raise the specter of an intense trade war with Washington
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters BEIJING — Risks of an intense U.S.-China trade war are rising rapidly, according to analysts, after Beijing responded more forcefully than many had expected to U.S. President Donald Trump’s latest tariffs. In a shift in […]
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European stocks tank 6% at open as global tariff rout deepens
European stocks dropped sharply on Monday, deepening a global market rout that kicked off last week following the latest announcements of U.S. President Donald Trump’s tariffs regime. The pan-European Stoxx 600 was 6% lower shortly after the opening bell, with all sectors and major bourses suffering significant losses. Germany’s DAX index was more than 9.5% […]
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CNBC Daily Open: Trump tariffs spark trade war, decimating stocks
U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t be easy” and urging Americans to “hang […]
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Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says
Bill Ackman, CEO of Pershing Square Capital Management, speaks during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations,” in New York on Nov. 28, 2023. Jeenah Moon | Bloomberg | Getty Images Billionaire investor Bill Ackman said that America was heading toward a self-inflicted “economic nuclear winter” as a result of […]
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Japanese yen and Swiss franc top hedges against Trump tariffs, according to analysts
“The Japanese yen will be a good — and probably the best — candidate to hide from trade tensions and a U.S. recession, for a whole host of familiar reasons,” said Ebrahim Rahbari, head of rates strategy at Absolute Strategy Research. Zhang Xiaoyu | Xinhua News Agency | Getty Images Investors are flocking to safe […]
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Myanmar’s fatal quake deepens political turmoil with no path to peace, experts say
TOPSHOT – A monk walks past a collapsed building in Mandalay on April 1, 2025, a few days after the deadly Myanmar earthquake. Sai Aung Mainsai Aung Main | Afp | Getty Images Myanmar’s ruling military junta is seizing the aftermath of a deadly earthquake as an opportunity to regain control amid a grueling civil […]
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Many senior venture capitalists are leaving big firms. Insiders boil it down to a few reasons
“Big firms have gotten much, much bigger,” said Alexandre Lazarow, managing partner of Fluent Ventures. “At the same time, there’s been an explosion of [small] venture capital firms … so I think we’ve seen the rise of specialization and the rise of regionalization in tech.” Johnnygreig | E+ | Getty Images The venture capital industry […]
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CNBC Daily Open: The trade wars begin
Jakub Porzycki | Nurphoto | Getty Images U.S. President Donald Trump’s tariffs and subsequent actions by other nations have cast a shadow over investors’ portfolios. Markets largely fell all around the world following the announcements, and the sell-off has extended into Monday. Trump and his administration has been defiant, with the U.S. president saying “it won’t […]
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