Breaking News: Economy
Why Pope Leo chose his name: AI, workers’ rights, new Industrial Revolution
Newly elected Pope Leo XIV, Cardinal Robert F. Prevost of the U.S., appears on the balcony of St. Peter’s Basilica at the Vatican, May 8, 2025. Dylan Martinez | Reuters Pope Leo XIV said Saturday that he selected his name in part to commemorate Pope Leo XIII for his commitment to social issues and workers’ […]
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India and Pakistan agree to immediate ceasefire
India’s Foreign Secretary Vikram Misri holds a press briefing at Ministry of External Affairs (MEA) in New Delhi, India, May 10, 2025. Anushree Fadnavis | Reuters India and Pakistan have agreed to an “immediate ceasefire,” President Donald Trump said Saturday, following days of rising tensions and fighting between the two nations. “After a long night […]
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First Chinese freight ship goods hit with Trump’s 145%-plus tariffs arriving at U.S. ports
Container ships sit docked at the Port of Los Angeles on May 06, 2025 in San Pedro, California. Justin Sullivan | Getty Images News | Getty Images The first shipping containers carrying Chinese products that are subject to President Donald Trump’s 145% tariffs have begun arriving in U.S. ports. Seven ships carrying upward of 12,000 […]
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Pandora to Puma: Retailers warn tariffs will push up prices
A Puma sportswear store in central London on May 1, 2025. Bloomberg | Getty Images Household brands including Pandora, Puma and Hugo Boss all said this week that they are evaluating their pricing strategies in the U.S. and beyond in the event that President Donald Trump’s most punitive levies come into effect. Some others, meanwhile, […]
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Trump’s deal with the UK sends a clear message: 10% tariffs are here to stay
President Donald Trump listens as Prime Minister Keir Starmer of Britain speaks to him on the speaker phone in the Oval Office at the White House on May 08, 2025 in Washington, DC. Anna Moneymaker | Getty Images The U.K. and U.S. agreed to a landmark trade deal on Thursday — yet the agreement appears […]
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China’s shipments to U.S. plunge 21% in April while overall exports surge, beating estimates
A China Shipping cargo container sits stacked at the Port of Long Beach in Long Beach, California on April 10, 2025. Patrick T. Fallon | Afp | Getty Images China’s exports surged in April even as shipments to the U.S. plunged as businesses bore the brunt of prohibitive U.S. tariffs that kicked in last month. […]
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Confidence around tariffs is improving with key China talks on deck
Wall Street cheered on Thursday as the first green shoots from President Donald Trump’s trade negotiations emerged, one day before the one-month anniversary of the April 9 tariff pause and just ahead of key talks with China . Officials from the U.S. and United Kingdom announced that the countries have agreed to the outline of […]
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Stocks making the biggest moves midday: AppLovin, Carvana, MercadoLibre, Crocs and more
Check out the companies making headlines in midday trading. AppLovin — The mobile ad tech company jumped 12% after first-quarter results that beat analyst expectations. AppLovin also announced it would sell its mobile gaming business in a $400 million deal. Carvana — Shares jumped more than 11% after the online used car marketplace posted better-than-expected […]
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Why the Bank of England governor thinks uncertainty is here to stay despite a trade deal
Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading for more economic uncertainty, […]
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Watch live: Trump unveils United Kingdom trade deal, first since ‘reciprocal’ tariff pause
President Donald Trump on Thursday unveiled the broad outline of a trade agreement with the United Kingdom. The deal is the first by the United States with a country whose imports were subject to new tariffs imposed by Trump in early April. But specifics about the deal were not immediately clear, and nothing was signed […]
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