Month: April 2025
Trump’s tariff rates for other countries radically larger than Word Trade data
U.S. President Donald Trump speaks during an event announcing new tariffs in the Rose Garden at the White House in Washington, April 2, 2025. Chip Somodevilla | Getty Images President Donald Trump announced an aggressive, far-reaching “reciprocal tariff” policy this week, leaving many economists and U.S. trade partners to question how the White House calculated its rates. […]
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Nintendo delays Switch 2 preorders because of Trump tariffs
In this photo illustration, the logo of Nintendo Switch 2 is displayed on a smartphone screen on April 3, 2025 in Suqian, Jiangsu Province of China. Vcg | Visual China Group | Getty Images Nintendo said Friday that preorders for the company’s hotly anticipated Switch 2 game console would be delayed following President Donald Trump’s […]
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Price hikes, layoffs and import fees: How car giants are reacting to Trump’s tariffs
An employee mounts a VW logo on a new Volkswagen Tiguan at the VW main plant. Picture Alliance | Picture Alliance | Getty Images Auto giants have responded to U.S. President Donald Trump’s tariffs by announcing plans to raise prices, impose import fees, pause production and even lay off staff. As part of plans designed […]
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Buffett denies social media rumors after Trump shares wild claim that investor backs president crashing market
In this article BRK.B Follow your favorite stocksCREATE FREE ACCOUNT watch now VIDEO4:1104:11 Berkshire Hathaway responds to ‘false reports’ on social media Halftime Report Warren Buffett went on the record Friday to deny social media posts after President Donald Trump shared on Truth Social a fan video that claimed the president is tanking the stock […]
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U.S. energy secretary’s former company crushed by oil sell-off after Trump tariff escalation
Chris Wright, chief executive officer of Liberty Energy Inc. and US energy secretary nominee for US President-elect Donald Trump, arrives for a Senate Energy and Natural Resources Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 15, 2025. Al Drago | Bloomberg | Getty Images Liberty Energy shares lost around nearly a third of their […]
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Klarna, StubHub delay IPOs as Trump’s tariffs roil markets
Pedestrians walk by an advertisement for Klarna. Daniel Harvey Gonzalez | In Pictures via Getty Images Klarna and StubHub are delaying plans to go public after President Donald Trump’s sweeping tariff announcement sent shockwaves through U.S. markets. The companies put their long-awaited debuts on pause because of market turbulence, according to a source familiar with […]
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Watch Fed Chair Jerome Powell speak live on interest rates and tariffs
[The stream is slated to start at 11:25 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Friday to the Society for Advancing Business Editing and Writing conference in Arlington, Virginia. The central bank leader’s appearance, including prepared remarks and a […]
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Tariffs will drive up the cost of airplanes, the United States’ star export
The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products, […]
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Bitcoin rises slightly, holding at $83,000 as global trade war deepens stock market slide
Fernando Gutierrez-Juarez | Picture Alliance | Getty Images Bitcoin held its head above water after China retaliated against President Donald Trump’s tariffs, while stocks continued to crater following their worst day since 2020. The price of the flagship cryptocurrency was last higher by 1.7% at $83,396.89 on Friday, according to Coin Metrics. Most of the […]
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Family offices pause dealmaking in March on trade war fears
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. Private investment firms of the ultra-rich dialed back their deal-making in March as President Donald Trump ‘s tariffs loomed […]
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