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Markets fell sharply Friday morning as concerns over cooler-than-expected employment figures and anxiety over President Trump’s tariffs put a halt to their scorching run. In mid-morning trading, the Dow was down 538.07 points to 43,592.91, representing a 1.22% decline. The S&P 500 fell 84.72 points to 6,254.67, down 1.34%, while the Nasdaq dropped 357.10 points […]
Superyachts in Port Hercules, Monaco. John Lamb | The Image Bank | Getty Images 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. American boat buyers and European shipyards are scrambling to […]
European Union negotiators are nearing a trade deal with President Donald Trump that would slap the 27-member block with higher tariffs than those imposed on the United Kingdom, according to multiple EU diplomats and officials. Brussels is prepared to sign a temporary “framework” agreement that would set the US president’s “reciprocal” tariffs at 10% — […]
US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz | Bloomberg | Getty Images President Donald Trump on Tuesday threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S. “very soon.” “They’re going to be tariffs at very […]
China warned the Trump administration on Tuesday against reigniting trade tension by restoring tariffs on its goods next month, and threatened to retaliate against nations that strike deals with the United States to cut China out of supply chains. Washington and Beijing agreed to a trade framework in June that restored a fragile truce, but with many […]
The retail industry is breathing a sigh of relief after it appeared to avoid the worst case scenario on Vietnam tariffs. But some executives believe the tentative trade deal President Donald Trump announced Wednesday is still bad for business and could have a chilling effect on consumer spending. “It’s a lot better news than where […]
Nike said Thursday it would cut its reliance on production in China to mitigate the impact from US tariffs on imports, and forecast a smaller drop in first-quarter revenue than expected by analysts, sending its shares up 11% in extended trading. President Trump’s sweeping tariffs on key trading partners could add around $1 billion to Nike’s costs, […]
Mitsubishi Motors said on Tuesday it was hiking prices of US vehicles by 2.1% on average, the latest automaker to pass along cost increases to consumers as their expenses rise from the Trump administration’s tariffs. President Trump in April imposed 25% tariffs on car imports from Japan and nearly all other countries, prompting Mitsubishi to suspend deliveries from ports to US dealers. The Japanese automobile manufacturer said it resumed those […]
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying. Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various […]
US stocks have fallen out of the Top 40 with investors worldwide this year – and chart watchers can blame President Trump’s flip-flopping song and dance on tariffs. This year through May 20, Chinese stocks are up 19.9% while neighboring South Korea’s are up 14.3%. Europe’s are up 22.3% including Germany’s, which are up 20%. […]
