Trump administration
What the Musk-Trump feud could mean for Tesla stock
The spat between U.S. President Donald Trump and Elon Musk, the world’s richest person, entered new territory on Thursday — with Tesla getting caught up in the fallout. What began with Musk publicly slamming Trump’s spending bill has evolved into a full-blown row between the two, with the president threatening to withdraw billions of dollars’ […]
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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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‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say
President Donald Trump meets with European Commission President Ursula von Der Leyen at the World Economic Forum, Tuesday, Jan. 21, 2020, in Davos, Switzerland. Evan Vucci | AP Photo Investors should “buckle up” for more volatility as the potential for a trade war has not completely dissipated despite U.S. President Donald Trump’s delay of rolling […]
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Nippon Steel to invest $4 billion for new U.S. Steel mill in $14 billion package, Reuters reports
Headquarter building of the Nippon Steel corporation in Japan on January 7, 2025. David Mareuil | Anadolu | Getty Images Nippon Steel plans to invest $14 billion in U.S. Steel’s operations, including up to $4 billion in a new steel mill if the Trump administration green lights its bid for the iconic U.S. company, according to a document and three people familiar with […]
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Shein to set up huge Vietnam warehouse in U.S. tariff hedge, Reuters reports
People walk at the Shein office building in China on April 16, 2025. Tingshu Wang | Reuters Fast-fashion online retailer Shein is leasing a huge warehouse in Vietnam, two people familiar with the deal told Reuters, its first in the country, in a move that could reduce its exposure to unpredictable U.S.-China trade tensions. Shein, which was founded in China and sells products […]
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A ‘huge win’ for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside
U.S. Treasury Secretary Scott Bessent (R) and U.S. Trade Representative Jamieson Greer hold a news conference in Geneva on May 12, 2025, to give details of “substantial progress” following a two-day closed-door meeting between U.S. and China top officials aimed at ending the tariff war. Fabrice Coffrini | Afp | Getty Images Stock Chart IconStock […]
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Trump plans to unveil federal budget proposal on Friday
U.S. President Donald Trump at the White House on May 1, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a White House official. The annual White House budget request includes economic forecasts as well as detailed proposals about how […]
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Canadians keep Liberal Party and Mark Carney in power as country digs in on Trump’s trade war
Prime Minister of Canada and Liberal Party Leader Mark Carney delivers a speech to supporters during a rally on April 23, 2025 in Surrey, Canada. Rich Lam | Getty Images News | Getty Images Canadian voters backed Prime Minister Mark Carney’s Liberal Party on Monday, the Canadian Broadcasting Corp. projects, in a national election strongly influenced […]
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As Trump targets Harvard and nonprofits, wealthy donors are wary of stepping up their giving
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Wealthy philanthropists are grappling with a new landscape for giving, as government cuts create more funding needs but political battles make […]
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Trump refutes China’s claim of no trade talks
U.S. President Donald Trump in the Oval Office at the White House. Leah Millis | Reuters President Donald Trump asserted on Thursday that trade talks between the U.S. and China are underway, pushing back against Chinese claims that no discussions have taken place to ease the ongoing trade war. “They had a meeting this morning,” Trump told reporters, declining to say to whom he was referring. […]
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