Year: 2025
Ray Dalio and Salesforce’s Benioff on AI, trade wars and new world order
Recorded at CNBC’s CONVERGE LIVE event in Singapore, Sara Eisen speaks to industry titans, Ray Dalio of Bridgewater Associates and Salesforce CEO Marc Benioff, who appear on stage together for the first time. On the economic challenges facing the US, Bridgwater Associates Founder Ray Dalio explained “they have to sell a quantity of debt that […]
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Europe stocks close higher led by Germany’s DAX after lawmakers reportedly agree spending boost
Sterling slides after disappointing growth data The British pound was down 0.25% lower against the U.S. dollar and 0.44% lower against the euro at 4 p.m. in London. Earlier in the day, data showed the U.K. economy contracted 0.1% month-on-month in January, against the expected 0.1% expansion. “Although today’s figures come as something of a […]
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Stocks making the biggest moves midday: Ulta, Nvidia, Chipotle, Peloton and more
Check out the companies making headlines in midday trading. Rubrik — The data management stock surged 25% after fourth-quarter results surpassed analyst expectations. Rubrik lost 18 cents per share, narrower than the consensus forecast for a loss of 39 cents from analysts polled by LSEG. The California-based firm posted $258 million in revenue, which also […]
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The U.S.-Canada trade war could signal a shift in economic ties, experts say
President Donald Trump signed several executive orders at the start of his second term that lay out a blanket 25% tariff on Canadian goods imported into the United States, with some exceptions such as energy. Canadian energy will carry a lower tariff of 10%. The bulk of these tariffs went into effect at midnight on […]
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Tesla warns it could face retaliatory tariffs
U.S. automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to President Donald Trump’s aggressive use of tariffs. The Tesla comments reflect those of many U.S. businesses concerned by Trump’s tariffs, but is notable because it is from Tesla. Tesla CEO Elon […]
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Mark Carney sworn in as Canadian prime minister, now must face Trump
Mark Carney arrives before being sworn-in as Canada’s 24th prime minister, at Rideau Hall in Ottawa, Ontario, Canada, March 14, 2025. Patrick Doyle | Reuters Ex-central banker Mark Carney was formally sworn in as prime minister of Canada on Friday, putting him in a position to fight tariffs from U.S. President Donald Trump that could […]
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy […]
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Trump’s 200% tariffs could have an unlikely winner — troubled beer brewers
A twelve pack of Budweiser sits on a shelf for sale at a convenience store in New York City. Drew Angerer | Getty Images U.S. President Donald Trump’s threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary […]
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Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan’s latest sentiment survey released Friday. The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate for 63.2. The reading […]
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More than 50 universities face federal investigations as part of Trump’s anti-DEI campaign
Linda McMahon, President Donald Trump’s nominee to be Secretary of Education, testifies during her Senate Health, Education, Labor and Pensions Committee confirmation hearing in the Dirksen Senate Office Building on February 13, 2025 in Washington, DC. Win Mcnamee | Getty Images More than 50 universities are being investigated for alleged racial discrimination as part of […]
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