Economic events
CNBC Daily Open: Trump exempting tech from tariffs suggests the importance of consumers
The Apple Fifth Avenue store in New York, U.S., on Monday, Feb. 24, 2025. Michael Nagle | Bloomberg | Getty Images On late Friday, the Trump administration welcomed the weekend in the best way: by announcing that electronics — such as smartphones, computers and semiconductors — will be temporarily exempted from his so-called “reciprocal” tariffs, […]
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Asia-Pacific markets set to climb after Trump pauses tariffs on consumer electronics
A Chinese flag flies high over The Bund. Liu Liqun | Corbis Documentary | Getty Images Asia-Pacific markets were set to climb Monday as U.S. President Donald Trump paused tariffs on some consumer electronics, boosting risk sentiment. Trump exempted smartphones and computers as well as other devices and components such as semiconductors from his new “reciprocal” tariffs, […]
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Investors are growing concerned about a U.S. asset exodus as Treasuries and the dollar decline
Traders work on the floor of the New York Stock Exchange (NYSE) in the Financial District in New York City on March 4, 2025. Timothy A. Clary | Afp | Getty Images The April sell-off for financial markets has been wider and more volatile than typical pullbacks, fueling concern that the aggressive and constantly changing […]
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How China used Vietnam to evade higher U.S. tariffs
The threat of rising tariff rates on U.S. imports could hobble the economic trajectory of countries such as Vietnam. Foreign direct investment in Vietnam has increased in recent years as firms search for ways to manage risks stemming from production in China. Vietnam has received approximately $18.5 billion in net foreign direct investment, according to World Bank […]
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Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]
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10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield climbed higher Friday, adding to its steep weekly rise, as dizzying trade moves by President Donald Trump caused investors to dump U.S. assets in favor of other global safe havens. The benchmark 10-year Treasury yield advanced more 10 basis points to 4.495%. It earlier jumped to its highest level since Feb. 13. The 2-year […]
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Why are European stocks holding up much better than U.S. equities amid the trade war?
European stock markets are holding up significantly better than their American peers amid the escalating tit-for-tat trade war between the world’s largest economies. While the S & P 500 has fallen nearly 11% year-to-date, European indices have fared considerably better. The STOXX Europe 600 is down just 4.4%, France’s CAC 40 has slipped 4%, Britain’s […]
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CNBC Daily Open: Cool CPI is of no comfort to investors as stock rally peters out
A trader works during the closing bell on the floor of the New York Stock Exchange on April 10, 2025. Jeenah Moon | Reuters Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index […]
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China unlikely to aggressively devalue yuan to offset impact of U.S. tariffs, economists say
An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China will not be able to wield a weaker yuan as a weapon in its deepening trade war with the U.S. due to concerns that such a move could trigger financial market instability, market watchers told CNBC. […]
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CNBC Daily Open: The rally in stocks fizzles out — March’s cool inflation has little impact
Traders work on the floor of the New York Stock Exchange on April 10, 2025 in New York City. Spencer Platt | Getty Images Remember when inflation readings were the headline news of the day, and were as feverishly anticipated by investors as Nvidia earnings reports? CNBC Daily Open remembers. If Thursday’s consumer price index […]
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