Breaking News: Economy
U.S.’ inability to replace rare earths supply from China poses a threat to its defense, warns CSIS
Workers transporting soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China, Oct. 31, 2010. Stringer | Reuters As China imposes export controls on rare earth elements, the U.S. would be unable to fill a potential shortfall, according to the Center for Strategic and International Studies — and this could threaten Washington’s […]
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Stocks making the biggest moves premarket: Bank of America, Boeing, Johnson & Johnson and more
Check out the companies making headlines before the bell. Bank of America — Shares rose about 2% after Bank of America reported first-quarter results that exceeded analysts’ expectations , due to stronger-than-expected net interest income and trading revenue. The bank’s quarterly earnings rose 11% to $7.4 billion, or 90 cents a share, while its revenue increased 5.9% […]
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Cboe’s volatility expert sees more market turmoil ahead as tariff uncertainty not fully priced in
Cboe’s volatility expert sees more market turmoil ahead as tariff uncertainty not fully priced in Published Tue, Apr 15 20257:02 AM EDTUpdated 11 Min Ago Anna Gleason@anna_gle WATCH LIVE Source
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Trump tariffs drove a Treasury sell-off — who sold the safe-haven asset?
The statue of Albert Gallatin stands outside the U.S. Department of the Treasury building in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images The U.S. Treasury market over the past week saw investors fleeing the safe haven, in an unusual move that added to the market turmoil caused by U.S. President Donald Trump’s “reciprocal” […]
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Harvard University rejects Trump DEI demands, imperiling $9 billion in federal funding
A person runs past Dunster House at Harvard University in Cambridge, Massachusetts, March 17, 2025. Scott Eisen | Getty Images Harvard University on Monday rejected demands by the Trump administration to eliminate its DEI programs and screen international students for ideological concerns, putting nearly $9 billion in federal funding for the university at risk. “No […]
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Fed Governor Waller sees tariff inflation as ‘transitory’ in ‘tush push’ comparison
Federal Reserve Governor Christopher Waller speaks during the Clearing House Annual Conference in New York City, on Nov. 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the effects of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble […]
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Trump tariffs won’t lead supply chains back to U.S. but companies will go low-tariff globe-hopping: CNBC survey
A worker rests in a factory making steel bike rims for export to the U.S. in Hangzhou in east China’s Zhejiang province Friday, April 11, 2025. Feature China | Future Publishing | Getty Images If China is going to lose some manufacturing as a result of President Trump’s tariffs, the U.S. manufacturing sector won’t be […]
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Stocks making the biggest moves midday: Apple, Alibaba, Palantir Technologies and more
Check out the companies making headlines in midday trading: Apple — The stock added more than 2% as sentiment on tech shares broadly rose Monday. President Donald Trump announced on Friday that several electronic devices and components will be exempt from U.S. tariffs . The policy benefits Apple given that the majority of the iPhone […]
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Trump aide Hassett says U.S. got ‘amazing’ tariff deal offers, recession ‘100% not’ happening
White House Council of Economic Advisers Chairman Kevin Hassett speaks with reporters outside the White House in Washington, DC, on March 7, 2025. Anna Moneymaker | Getty Images News | Getty Images National Economic Council Director Kevin Hassett said Monday that “more than 10” countries have made “very good, amazing” trade deal offers to the […]
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Unemployment fears hit worst levels since Covid as tariffs fuel inflation outlook, Fed survey shows
People shop for produce at a Walmart in Rosemead, California, on April 11, 2025. Frederic J. Brown | Afp | Getty Images Consumer worries grew over inflation, unemployment and the stock market as the global trade war heated up in March, according to a Federal Reserve Bank of New York survey released Monday. The central […]
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