Year: 2025
Helicopter crashes in Hudson River off of Manhattan, police say
The sun on the skyline of lower Mahattan and One World Trade Center in New York City on March 5, 2025, as seen from Jersey City, New Jersey. Gary Hershorn | Corbis News | Getty Images A helicopter crashed into the Hudson River off of Manhattan on Thursday, police said. There are “multiple fatalities,” NBC […]
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Tesla shares retreat following sharpest rally since 2013
Tesla CEO Elon Musk wears a ‘Trump Was Right About Everything!’ hat while attending a cabinet meeting at the White House, in Washington, D.C., U.S., March 24, 2025. Carlos Barria | Reuters Tesla shares slumped on Thursday, reversing course a day after the electric vehicle maker had its biggest gain on the market since 2013. […]
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U.S. dollar index suffers biggest drop since 2022, hits new low for the year
The ICE U.S. Dollar Index dropped sharply again on Thursday, putting the greenback on track for its worst day since 2022. The index, which measures the U.S. dollar against a basket of global currencies, was last down 1.83% to 101.02. At one point in the session, it slipped below the 101 level. This would mark […]
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Trump’s triple-digit tariff essentially cuts off most trade with China, says economist
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York. “It depends on how narrowly the tariff […]
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Trump walked back his tariff rollout. But is the damage already done?
People walk by the New York Stock Exchange (NYSE) before the Closing Bell and the start of President Donald Trump’s news conference on tariffs on April 2, 2025 in New York City. Spencer Platt | Getty Images U.S. President Donald Trump offered his trading partners — and financial markets — some reprieve on Wednesday as […]
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Trump tariffs mean higher prices, big losses for Amazon sellers that source from China
President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market. It sent Amazon sellers into a panic. Many sellers on Amazon count on China for manufacturing and assembly due to lower costs and established infrastructure – up to 70% of goods on Amazon come from China, according to […]
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State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty Images State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the […]
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State Farm pleads for emergency rate hikes on California homeowners
A State Farm logo is seen in front of a State Farm insurance office on February 03, 2025 in Larkspur, California. Justin Sullivan | Getty Images News | Getty Images State Farm is making its case this week for a major rate hike for California homeowners in a hearing that could prove crucial to the […]
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The wealthy are loading up on cash, gold and family trusts during market turmoil
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. Wealthy investors have made the best trade over the past week — largely doing nothing. While many hedge funds and institutions […]
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Stocks making the biggest moves midday: Capri, Janover, Harley-Davidson, CarMax, U.S. Steel and more
Check out the companies making headlines in midday trading: CarMax — The stock sank 20% after the used car retailer’s fiscal fourth-quarter earnings fell short of Wall Street’s expectations. Earnings came in at 58 cents per share, versus the 65 cents anticipated from analysts polled by LSEG. Harley-Davidson — The motorcycle stock dropped 12% after […]
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