Breaking News: Economy
Hermès to hike U.S. prices for iconic bags and scarves in response to Trump tariffs
A guest wears white shirt, brown pants, brown suede jacket and brown Hermes bag with a green and white silk neck scarf outside the Hermes fashion show during the Womenswear Fall/Winter 2025/2026 as part of Paris Fashion Week on March 08, 2025 in Paris, France. Raimonda Kulikauskiene | Getty Images Entertainment | Getty Images French […]
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Stocks making the biggest moves premarket: Hertz, UnitedHealth, Eli Lilly and more
Check out the companies making headlines before the bell: Hertz — Shares of the rental car company soared nearly 16%, extending the gains seen in the previous session. On Wednesday, the stock skyrocketed more than 56% after Bill Ackman’s Pershing Square disclosed that it had taken a sizable stake in the name. UnitedHealth — The […]
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Trump’s tariffs are ‘inviting corruption,’ Democrats tell Bessent, Lutnick
Sen. Elizabeth Warren, D-Mass., conducts a news conference in the U.S. Capitol to voice opposition to the Senate Republicans’ budget resolution on April 3, 2025. Tom Williams | CQ-Roll Call, Inc. | Getty Images Dozens of Democratic lawmakers are warning that President Donald Trump’s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme […]
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Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’
U.S. President Donald Trump and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chairman Jerome Powell. In a Truth Social post, Trump said: “The ECB is expected to cut interest rates […]
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UBS loses crown as continental Europe’s most valuable bank to Santander amid U.S. tariffs
Key Points UBS had a market cap of 79.5 Swiss francs ($97.23 billion) as of the Wednesday close, according to FactSet data, with Banco Santander at 91.3 billion euros ($103.78 billion). Santander and UBS’ shares have diverged over recent months, with the Swiss lender shedding 17.2% in the year to date, while Santander has gained […]
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Treasury yields rise as Fed chief warns of impact of U.S. tariffs
U.S. Treasury yields rose on Thursday as investors weighed the state of the U.S. economy after Federal Reserve Chairman Jerome Powell raised concerns about the inflationary and economic growth risks of the White House’s tariffs. At 3:55 a.m. ET, the benchmark 10-year Treasury yield rose around 4 basis point to 4.319%. The 2-year Treasury yield was up over […]
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China targets U.S. services and other areas after decrying ‘meaningless’ tariff hikes on goods
Dilara Irem Sancar | Anadolu | Getty Images China last week announced it was done retaliating against U.S. President Donald Trump’s tariffs, saying any further increases by the U.S. would be a “joke,” and Beijing would “ignore” them. Instead of continuing to focus on tariffing goods, however, China has chosen to resort to other measures, […]
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Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour
Fast Money Four money traps to avoid in a volatile market, according to ‘Fast Money’ trader Tim Seymour Published Wed, Apr 16 20253:35 PM EDTUpdated 55 Min Ago Stephanie Landsman@stephlandsman WATCH LIVE Source
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Nissan aims to ‘max out’ U.S. production plant amid Trump’s tariffs
FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025. Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman […]
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Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet
Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]
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