Tariff
Brown-Forman shares plummet as whiskey maker warns of tariff uncertainty
Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois. Scott Olson | Getty Images Shares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact […]
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Investor appetite for the safe haven Swiss franc is causing problems for its central bank
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images U.S. President Donald Trump’s trade policies have rocked global equities in recent weeks, driving investors to seek out pockets of safety in financial markets. One of the beneficiaries of the market volatility has been the […]
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CNBC Daily Open: Recent gains in markets are likely just short-term optimism
Traders work on the floor of the New York Stock Exchange on June 3, 2025. NYSE Over the past week, Washington and Beijing have been trading barbs about violating their preliminary trade deal. Aside from that, higher steel and aluminum tariffs announced by U.S. President Donald Trump will kick in Wednesday. Amid all the trade […]
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In China, ‘The Great American’ burger is now made with Australian beef
At his restaurant in Beijing, Geng Xiaoyun used to offer a special dish of salt-baked chicken feet — or “phoenix talons” as they are called in China — imported from America. With prices climbing 30% from March due to tariffs, the owner of Kunyuan restaurant had to pull the Chinese delicacy from the menu. “American […]
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As the TACO trade goes viral, another is gaining traction: ‘Anywhere But The USA’
“It’s become quite emotive,” one market watcher told CNBC. “Nobody wants to invest in an environment where the government might change its mind overnight.” Source
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CNBC Daily Open: It’s a dicey matter to play ‘chicken’ in markets
U.S. President Donald Trump delivers remarks at U.S. Steel Corporation – Irvin Works in West Mifflin, Pennsylvania, U.S., on May 30, 2025. Leah Millis | Reuters When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression. On Friday, U.S. President Donald Trump suggested he would no […]
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CNBC Daily Open: Playing “chicken” in markets can be a risky affair
US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AFP | Getty Images When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression. On Friday, U.S. President Donald Trump suggested he […]
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Trump advisers defend tariffs amid legal fight, insisting they’re ‘not going away’
US President Donald Trump boards Air Force One at Joint Base Andrews, Maryland, on May 30, 2025. Saul Loeb | AFP | Getty Images President Donald Trump’s top economic advisers maintained confidence on Sunday that the “tariffs are not going away,” as a key tenet of Trump’s policy agenda hangs in legal limbo. “Rest assured, […]
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Trump and Xi are likely to talk soon about trade, though no date has been set, Hassett says
White House economic adviser Kevin Hassett gives a TV interview outside of the White House in Washington, U.S., May 9, 2025. Leah Millis | Reuters National Economic Council director Kevin Hassett suggested on Sunday that President Donald Trump and China’s President Xi Jinping could have a conversation about trade as soon as this week. Hassett […]
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