Donald J. Trump
Ontario’s Doug Ford warns of ‘Trump recession,’ threatens electrical shutoff
Ontario Premier Doug Ford said Tuesday that if there is a recession ‘there’s one person to be blamed, and that’s President [Donald] Trump.” “If we go into a recession, it will be called the Trump recession” Ford said in an interview with CNBC’s “Money Movers,” shortly after the U.S. president said that he would raise […]
Read More
Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties
President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. The new policy will go into effect Wednesday morning, Trump said in a Truth Social post that also repeated his calls for Canada to be absorbed […]
Read More
European markets open lower; Novo Nordisk, Novartis retreat
European markets opened lower on Tuesday as global markets buckle amid anxiety that the U.S. economy will suffer because of President Donald Trump’s trade tariff policies. The pan-European Stoxx 600 index was around 0.2% lower shortly after the opening bell, with the U.K.’s FTSE 100 down 0.2%, while France’s CAC 40 was up 0.3%, and […]
Read More
White House: Stock market plunge is not as ‘meaningful’ as business activity
The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy. “We’re seeing a strong divergence between animal spirits of the stock market and what we’re actually seeing unfold from businesses and business leaders,” a White House official told […]
Read More
S&P 500 futures are little changed after recession fears triggered a market sell-off: Live updates
Traders work on the floor of the New York Stock Exchange on March 6, 2025. NYSE S&P 500 futures were relatively unchanged Monday night after concerns that a recession would hit the U.S. economy sparked a broad sell-off in the market. Futures tied to the S&P 500 hovered around the flatline, while Nasdaq-100 futures dropped […]
Read More
U.S. could reach deal with Canada that avoids oil and gas tariffs, energy secretary says
HOUSTON — The U.S. could reach an agreement with Canada that avoids tariffs on imports of oil, gas and other energy resources, Energy Secretary Chris Wright said Monday. Wright said such a scenario is “certainly is possible” but “it’s too early to say” in response to a question from CNBC during a press conference at […]
Read More
Oracle misses on earnings but touts data center growth from AI
Larry Ellison, chairman and co-founder of Oracle Corp., speaks during the Oracle OpenWorld 2017 conference in San Francisco on Oct. 1, 2017. David Paul Morris | Bloomberg | Getty Images Oracle issued quarterly results on Monday that trailed analysts’ estimates, but the company offered bullish comments on its cloud infrastructure segment. Here is how Oracle […]
Read More
Trump finds unexpected ally in auto union leader over tariffs
United Automobile Workers (UAW) President Shawn Fain speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images DETROIT — The head of the United Auto Workers has become an unexpected ally for President Donald Trump’s plans […]
Read More
Tariffs are ‘lose-lose’ for U.S. jobs and industry, economist says: ‘There are no winners here’
Key Points President Donald Trump has pursued an economic agenda of broad tariffs on U.S. trading partners, including Canada, China and Mexico. Tariffs aim to protect targeted domestic industries. They end up costing U.S. jobs on a net basis, after accounting for retaliation and higher production costs for many businesses, economists said. Source
Read More
Trump Media falls more than 11% as broader sell-off intensifies
Anna Barclay | Getty Images Shares of Trump Media dropped more than 10% in intraday trading Monday, accelerating the company’s downward slide since President Donald Trump took office. The company behind Trump’s preferred social media app Truth Social was trading below $20 per share around 3:00 p.m. ET — down about 50% from its closing price on Jan. 20, […]
Read More