Breaking News: Economy
Trump’s Treasury chief on 200% EU tariff threat: ‘Not sure why that’s a big deal’ for markets
U.S. Treasury Secretary Scott Bessent on Thursday said Wall Street should shrug off President Donald Trump’s latest threat to impose steep tariffs on foreign trading partners. Asked on CNBC’s “Squawk on the Street” about Trump’s threat to ratchet up tariffs on European alcohol, Bessent suggested the move should have little impact on stocks. “One or […]
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‘I’m not going to bend at all’: Trump doubles down on tariff plans as stocks sink
US President Donald Trump speaks to the press as he meets with NATO Secretary General Mark Rutte in the Oval Office of the White House in Washington, DC, on March 13, 2025. Mandel Ngan | Afp | Getty Images President Donald Trump on Thursday doubled down on his escalating tariff plans, even as his economic […]
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Stocks making the biggest moves midday: Intel, Tesla, Dollar General, Adobe, UiPath and more
Check out the companies making headlines in midday trading. Tesla — Shares of the electric vehicle maker dropped more than 4%, marking the latest in a volatile string of sessions. Tesla jumped over the last two sessions after notching its worst day since 2020 on Monday. American Eagle Outfitters — Shares slipped 3% after the […]
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Spirit Airlines, fresh from bankruptcy, is ready to take on the new Southwest, CEO says
Spirit Airlines is out of bankruptcy, hitting its target to emerge in the first quarter, after a crippling few years. CEO Ted Christie says the carrier is leaner and ready to take on competitors, including rival Southwest Airlines. Earlier this week, Southwest shocked customers by announcing it will start charging for checked bags for the […]
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Treasury Secretary Bessent said the White House is focused on the ‘real economy’ and not concerned about ‘a little’ market volatility
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Thursday the Trump administration is more focused on the long-term health of the economy and markets and not short-term gyrations. “We’re focused on the real economy. Can we create an environment where there are long term gains in […]
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Dollar General CEO warns consumers are cash-strapped, and says 2025 won’t be better
The exterior of a Dollar General convenience store on August 30, 2024 in Austin, Texas. Brandon Bell | Getty Images Dollar General CEO Todd Vasos said on Thursday that inflation continues to hurt the discounter’s customers and that the macroeconomic environment won’t improve this year. On the company’s fourth-quarter earnings call, Vasos said customers are […]
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U.S. tariffs could thrust Germany into recession, central bank governor says
The German parliament building, the Reichstag, which has been the seat of the Bundestag since 1999. Fhm | Moment | Getty Images U.S. tariffs could push Europe’s largest economy into a recession, German central bank President Joachim Nagel warned Thursday, as Berlin faces a debate over the potential overhaul of its fiscal policies. “Now we […]
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Stocks making the biggest moves premarket: Intel, Adobe, American Eagle Outfitters & more
Check out the companies making headlines before the bell. Intel – The stock jumped 10% after the company said it had appointed Lip-Bu Tan – who was previously the chief executive of software company Cadence Design Systems – as its new CEO. Tan is replacing interim co-CEOs David Zinsner and MJ Holthaus. UiPath – Shares […]
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Stocks making the biggest moves after hours: Adobe, Intel, American Eagle Outfitters and more
Check out the companies making headlines in after-hours trading: Adobe — The software vendor’s shares slipped around 3% after the company issued an outlook for the fiscal second quarter that failed to impress investors. Adobe said revenue for the period would range between $4.27 billion and $4.30 billion, compared to the StreetAccount consensus estimate of […]
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U.S. budget deficit surged in February, passing $1 trillion for year-to-date record
The U.S. Treasury Building is seen from the Washington Monument on a cold, winter day on Jan. 21, 2025 in Washington, DC. Kevin Carter | Getty Images The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though […]
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