World
Asia-Pacific markets fall as Trump’s country-specific tariffs set to come into effect
People standing in front of an electronic display showing the Hang Seng Index in the Central district of Hong Kong on July 26, 2021, after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Isaac Lawrence | AFP | Getty Images Asia-Pacific […]
Read More
Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day
As Tesla shares plummeted for a fourth straight day, CEO Elon Musk let loose on President Donald Trump’s top trade advisor Peter Navarro. Musk, the world’s richest person, started going after Navarro over the weekend, posting on X that a “PhD in econ from Harvard is a bad thing, not a good thing,” a reference […]
Read More
Tech analyst responds to Trump wanting Apple to make iPhones in U.S.: ‘I don’t think that’s a thing’
President Donald Trump believes Apple can make its signature iPhone in the U.S. to avoid new tariffs. Needham analyst Laura Martin isn’t sold. “I don’t think that’s a thing,” Martin said on CNBC’s “The Exchange” on Tuesday, responding to a comment from White House Press Secretary Karoline Leavitt about the technology giant bringing its iPhone […]
Read More
Josh Brown says this is a classic ‘bear market bounce’
The comeback attempt stocks are staging Tuesday is little more than a blip in a still-concerning market, according to Ritholtz Wealth Management co-founder and CEO Josh Brown. “Put today’s bounce into the entry of classic bear market bounce, because that’s exactly what you have today,” Brown told CNBC’s “Halftime Report” on Tuesday. “When you look […]
Read More
U.S. crude oil falls below $60 per barrel as selloff continues on fears of full-blown trade war
A view shows disused oil pump jacks at the Airankol oil field operated by Caspiy Neft in the Atyrau Region, Kazakhstan April 2, 2025. Pavel Mikheyev | Reuters Crude oil futures fell Tuesday, adding further to already steep losses on fears that President Donald Trump’s sweeping tariffs will trigger a full-blown, global trade war. U.S. […]
Read More
Why bitcoin is showing ‘impressive’ resilience through tariff tumult, according to Bernstein
While recession fears and uncertainty about President Donald Trump’s tariff plans have taken stocks for a ride, bitcoin’s resilience through it all “has been nothing but impressive,” according to Bernstein. Bitcoin lost about 7% from last Thursday — the day after Trump revealed his sweeping tariffs plan — to this Monday. During the same period, […]
Read More
Dow rebounds 900 points on rising hopes for tariff deals: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 8, 2025. Brendan Mcdermid | Reuters Stocks surged Tuesday in a slight reprieve from the tariff market turmoil, on rising hopes the U.S. would reach trade deals to lower the duties over time. The Dow Jones Industrial […]
Read More
Why the stock market hates tariffs and trade wars
Traders work on the floor of the New York Stock Exchange. Spencer Platt | Getty Images The stock market has been throwing a temper tantrum, fueled by fear of President Donald Trump’s tariff policy and the specter of an escalating global trade war. Americans may wonder why trade policy has made stock investors so skittish. […]
Read More
Cambodia hit with highest Trump tariff, but manufacturing ‘absolutely not’ coming back to U.S., trade group says
A garment factory in Phnom Penh, Cambodia. Bloomberg | Bloomberg | Getty Images Among the top goals for President Donald Trump and his administration in hitting trading partners with steep tariffs is bringing manufacturing capacity back to the U.S., even if it comes at the price of short-term market and economic duress. But in Cambodia, […]
Read More
Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’
Treasury Secretary Scott Bessent said Tuesday the U.S. holds a substantial advantage over China as the two nations exchange threats in a burgeoning trade war. “I think it was a big mistake, this Chinese escalation, because they’re playing with a pair of twos,” Bessent said during an interview on CNBC’s “Squawk Box.” “What do we […]
Read More