Economy
Stocks making the biggest moves midday: Block, SolarEdge, Cleveland-Cliffs, Verizon & more
Check out the companies making the biggest moves midday: Bruker — The lab instrument and tools maker shed 12% after the company issued weaker-than-expected guidance for the second quarter. The company expects to earn between 32 and 34 cents per share on revenue ranging from $795 million to $798 million. Analysts polled by FactSet expected […]
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Bessent: Imposing Aug. 1 tariffs ‘will put more pressure’ on trade partners for deals
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Friday, May 23, 2025. Bloomberg | Bloomberg | Getty Images Treasury Secretary Scott Bessent said Monday that implementing high tariff rates on countries starting August 1 “will put more pressure on those countries to come with better agreements.” Bessent’s remarks […]
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Southwest Airlines sets a date for seat assignment launch, lays out new boarding order
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines passengers will fly in assigned seats for the first time on Jan. 27, the carrier told CNBC. Customers can start […]
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Stocks making the biggest moves premarket: Block, Pinterest, Verizon and more
Check out the companies making headlines before the bell. Block — The fintech stock surged 10% as it prepares to officially join the S & P 500 before the opening of trading on July 23. Block will replace Hess, which has been acquired by Chevron. Pinterest — Shares of the social media company jumped more […]
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Brexit made businesses abandon the UK. Trump’s hefty EU tariffs could bring them back
A European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London. Jason Alden | Bloomberg Creative Photos | Getty Images In 2016, the U.K.’s vote to leave the EU prompted many businesses to shift operations to the European continent, taking investment and headcount with them. Fast forward to 2025, and the specter […]
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U.S. eyes ‘back to basics’ revamp of G20 when it assumes presidency next year: Reuters
The U.S. aims to pare the G20 back to its financial roots next year when it takes over the rotating presidency from South Africa, Reuters reported. Source
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Aug. 1 is ‘hard deadline’ for Trump’s tariffs, Commerce Secretary Lutnick says
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick said Sunday that Aug. 1 is the deadline for countries to begin paying tariffs to the United States, but said that […]
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Bessent tried to dissuade Trump from firing Powell: WSJ
Scott Bessent, US treasury secretary, during a Bloomberg Television interview in New York, US, on Monday, June 30, 2025. Victor J. Blue | Bloomberg | Getty Images Treasury Secretary Scott Bessent recently urged President Donald Trump not to fire Treasury Secretary Jerome Powell, warning of the potential economic, political, and legal consequences of such a […]
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Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
Key Points If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court. Most people familiar with the situation say Powell would sue if Trump tries dumping him. Despite seemingly low chances of success, going after Powell still could […]
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‘30% is untenable’: From Irish whiskey to Italian cheese, Trump’s tariff threat rattles EU exporters
June O’Connell, founder and director at Irish gin and whiskey-makers Skellig Six18 Distillery, said U.S. tariffs have hit her business hard this year. Paul McCarthy | Skellig Six18 Distillery Along the “last road in Ireland,” on the country’s rugged west coast, June O’Connell’s business Skellig Six18 makes gin and whiskey — a time-intensive process guided by […]
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