Breaking News: Economy
NYC’s most expensive home lists for $110 million amid market uncertainty
Since launching the quadplex earlier this month, listing agent Nikki Field with Sotheby’s said interest has been encouraging: “Several highly qualified individuals have already inquired and toured the residence. There’s real momentum.” Rendering provided by Sotheby’s International Realty As the Dow Jones Industrial Average plunged and tariff headlines rippled through global markets, a different number […]
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About half of Americans have a negative view on Tesla and Elon Musk, CNBC survey finds
SpaceX CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House on March 24, 2025. Win McNamee | Getty Images The broad public and investors have something in common these days: They don’t have a lot of love for either Tesla or CEO Elon Musk. Tesla’s stock has […]
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Busiest U.S. ports for Chinese freight, Los Angeles, Long Beach, see steep drop in container vessel traffic
Shipping containers from China at the China Shipping (North America) Holding Company Ltd. facility at the Port of Los Angeles in Wilmington, California, Feb. 4, 2025. Mike Blake | Reuters The pullback in trade between the U.S. and China as a result of President Trump’s steep tariffs on Chinese goods and fears of a recession […]
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RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of […]
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RTX, GE Aerospace expect more than $1 billion tariff impact
Men work with a jet engine at General Electric (GE) Celma, GE’s aviation engine overhaul facility in Petropolis, Rio de Janeiro, Brazil. YASUYOSHI CHIBA | AFP | Getty Images RTX and GE Aerospace expect a more than $1 billion impact combined from President Donald Trump’s tariffs on imported goods and materials, the latest sign of […]
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Stocks making the biggest moves premarket: GE Aerospace, Amazon, 3M and more
Check out the companies making headlines before the bell. GE Aerospace — The stock moved more than 4% higher after GE Aerospace reported adjusted earnings of $1.49 per share, topping the $1.27 per share anticipated by analysts polled by LSEG. Revenue, however, came in just shy of expectations. Hertz Global Holdings — Shares fell almost […]
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As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not
U.S. one hundred dollar bills. Nurphoto | Nurphoto | Getty Images The dollar has been sliding and the ripple effect on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a flight out of the U.S. dollar and Treasurys in recent […]
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Asia-Pacific markets trade subdued after Trump’s attack on Fed chair sends Wall Street tumbling
Bank of Japan likely to pause rate hikes in May, says Moody’s Analytics The Bank of Japan is likely to pause rate hikes in its May meeting in part due to market uncertainty and softer inflation, said Moody’s Analytics. “The Bank of Japan looks set to hold its fire at its upcoming policy meeting, with […]
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Trump to host Walmart CEO, Target and Home Depot execs for WH tariff meeting
President Donald Trump listens to reporters’ questions as he meets with Italian Prime Minister Giorgia Meloni in the Oval Office at the White House on April 17, 2025 in Washington, DC. Win Mcnamee | Getty Images President Donald Trump will meet Monday afternoon with Walmart CEO Doug McMillon, a White House official told CNBC, as […]
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Stocks making the biggest moves midday: Hertz, Nvidia, Amazon, Apple and more
Check out the companies making headlines in midday trading: Hertz — The rental car company dropped 6.4% after the stock rallied 112% after Bill Ackman revealed a big investment . Pershing Square has taken a 19.8% stake in Hertz with outright share ownership and total return swaps. Ackman believes Hertz is “uniquely well-positioned” in President […]
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