Global markets closed down around 4% after President Donald Trump announced reciprocal tariffs on trading partners, causing the S&P 500 to fall 4.8%, Nasdaq to fall 6%, and the Dow Jones to decline 4% — all the worst since 2020 and 2022 respectively.
Stellantis pauses production at assembly plants in Canada and Mexico due to new 25% automotive tariffs imposed by President Trump, impacting about 900 U.S. employees and 4,500 hourly workers in Canada. The company is reviewing its options and engaging with key stakeholders.
General Motors plans to expand production at its plant in Indiana due to President Trump's tariffs on foreign-made cars. The automaker will increase production of light-duty trucks at the Fort Wayne Assembly Plant and hire several hundred temporary workers.
President announced new tariffs on 'Liberation Day' using questionable calculations, causing backlash from financial journalists. Independent appeals for donations to support unbiased reporting.
Vietnamese Deputy Prime Minister Ho Duc Phoc and business executives visit Washington in response to President Trump's high tariffs on Vietnamese imports, impacting the country's significant trade surplus with the U.S. The tariffs also affect neighboring countries like Cambodia, Indonesia, and Thailand, causing concern among businesses reliant on manufacturing in the region, such as Nike.
The Trump administration imposed a 50% tariff on goods entering the U.S. from Lesotho as part of a larger tariff initiative targeting countries with unfair trade rules. Lesotho, a small African nation, was calculated to have the equivalent of a 99% tariff imposed on American goods due to its trade surplus with the U.S. The tariffs are expected to have a significant impact on Lesotho's textile industry and economy.
Stellantis halts production at plants in Canada and Mexico after Trump announces 25% tariffs on foreign-made cars, impacting Chrysler Pacifica, Dodge Charger, Jeep Compass, and Jeep Wagoneer. General Motors increases production of light-duty trucks in response. Stellantis previously outsourced jobs to low-wage foreign countries.
President Trump announces sweeping tariffs impacting U.S. trading partners, including China and the EU. World leaders react with warnings of dire consequences and vows to fight back. Various countries consider responses to the tariffs, with some planning comprehensive programs and others seeking negotiations.
Fox News reports on President Trump's tariff announcement and a bill introduced by Rep. Chip Roy to bring manufacturing back to the U.S. in response to China's economic threat.
Major retailers like Home Depot and Lowe’s are currently running sales on outdoor equipment, tools, appliances, and more for the spring season. Deals include discounts on items like trimmers, dryers, chairs, grills, pressure washers, tool combo kits, ladders, lawn mowers, tool kits, circular saws, sheds, security systems, patio umbrellas, outdoor dining sets, and gas grills.
President Trump announced tariffs ranging from 10% to 54% on products from various countries, sparking global reactions of shock and concern. Traditional allies like the EU, South Korea, and Japan are facing tariffs, with the EU planning countermeasures. China, Taiwan, South Korea, Japan, India, and other countries are also impacted by the tariffs, leading to concerns about trade relationships and economic stability.
Shares tumbled in Europe and Asia, and U.S. futures dropped following U.S. President Donald Trump's announcement of significant increases in tariffs on imports, leading to fears of a global recession. Markets reacted negatively across the world, with major indexes in Europe and Asia experiencing losses. The announcement of new tariffs, including a 34% tax on imports from China, had a significant impact on various industries and economies.
Lansing, Michigan Mayor Andy Schor discusses the potential impact of Trump's new tariffs on the city, particularly on the auto manufacturing industry and its residents.
Senator Ron Johnson discusses the impact of new tariffs imposed by the Trump administration, highlighting concerns about national security and the competitiveness of manufacturers in Wisconsin.
American farmers are worried about escalating trade wars and the impact of tariffs on their livelihoods. Tariffs lead to higher costs for farmers and lower prices for their produce, affecting their competitiveness in global markets. The potential loss of market share and long-term damage to trading relationships are significant concerns for farmers.
The spring housing market is uncertain due to high mortgage rates and elevated home prices, but more inventory is becoming available, providing buyers with more options. Sellers may need to be more flexible on price due to increased competition. Pending listings have decreased, potentially due to economic uncertainty and rising costs of homeownership.
President Trump announced new tariffs on various countries, claiming they are reciprocal, but in reality, they are not. The tariffs are based on a formula to raise prices and close the trade deficit. The administration revealed their calculations, which include assumptions about how tariffs will affect prices and consumer behavior.
President Trump fired at least 3 national security aides after a meeting with far-right activist Laura Loomer. Chinese auto parts suppliers are facing increasing tariffs from the U.S., which are likely to be passed on to American consumers. The tariffs are making it difficult for suppliers to absorb the costs, leading some to explore new markets outside the U.S.
President Trump signed an executive order shutting the de minimis trade loophole, causing disruptions in trade with China and Hong Kong. The new order imposes duties on shipments worth less than $800, aiming to address concerns about counterfeit and unsafe goods entering the U.S.
Trump fired national security aides after meeting with far-right activist Laura Loomer, sparking fears of global recession due to drastic U.S. trade tariffs. Markets tumbled, with stocks, oil prices dropping, and investors seeking safety in bonds, gold, and yen.
President Donald Trump imposed a 54% tariff on imports from China, aiming to revive domestic manufacturing and rebalance trade relations. China vows to take necessary measures to protect its interests, as the tariffs will significantly impact its low-cost manufacturers.
The UK's Brexit from the EU has led to lower tariffs from the Trump administration compared to the EU, giving British companies a competitive edge in the American market. The UK is pursuing a calm and pragmatic stance to negotiate a trade deal with the US to avoid a trade war.
The CEO of Second Harvest Heartland, a nonprofit helping feed people in Minnesota, is under scrutiny for reportedly earning $721,000 in 2022 while the organization lobbied for taxpayer funds to address food insecurity in the state. Lawmakers are now investigating her salary as she prepares to step down from her position.
Amazon has entered the race to acquire TikTok before the deadline set by the Trump administration. The fate of TikTok in the U.S. hangs in the balance as ByteDance faces pressure to sell to a non-Chinese buyer.
Ford Motor Company is offering employee pricing to every American as part of their 'handshake deal for America,' providing significant savings on a wide range of vehicles until June 2. This initiative is in response to President Trump's announcement of tariffs on imported vehicles and parts.
Nike stock is plunging after President Trump announced reciprocal tariffs on various countries, impacting the company's supply chain costs and margins. The tariffs have led to a significant drop in Nike's stock price and year-to-date deficit.
The article discusses the impact of Donald Trump's presidency on media mergers, specifically the Paramount Global and Skydance Media $8 billion deal. Regulatory challenges and evolving market conditions have caused delays in the merger process. Wall Street analysts have differing opinions on the situation, with some downgrading Paramount shares due to uncertainty. Settlement talks and government dealings add to the complexity of the situation.
Multiple bidders, including Amazon and a consortium led by OnlyFans founder Tim Stokely, are interested in acquiring TikTok before the weekend deadline. U.S. officials have raised security concerns over TikTok's ties to China, prompting the need for a non-Chinese buyer. Various options are being discussed, including a plan to spin off a U.S. entity for TikTok to dilute Chinese ownership.
Mark Zuckerberg, CEO of Meta, bought a $23 million mansion in Washington, D.C., possibly to show support for the government. This trend of tech billionaires buying properties in D.C. reflects the importance of having a personal presence in the capital for interactions with government officials.
Pussy Riot, the Russian punk band, delivers a political message in Washington Square Park. Michigan Supreme Court overturns a 25-year-old precedent regarding marijuana smell. President Trump imposes tariffs on U.S. trading partners.
The author bought a Tesla Model S to be part of a greener future but is now considering selling it due to Elon Musk's controversial actions and statements. Despite enjoying the car itself and the driving experience in Europe, the author is troubled by Musk's political affiliations and the declining secondhand value of the Tesla. The author feels trapped and unsure about the future of owning the car.
President Trump's tariffs cause stock market turmoil as investors react negatively to unexpected 'liberation day' tariffs.
Germany is set to be hit hard by Donald Trump's tariff surge, with top economists warning of severe impacts on German carmakers and potential recession in the country.
US stocks plunged in after-hours trading following President Trump's announcement of broad tariffs, leading to fears of economic growth stifling and global stock market turmoil. Retirement savings tied to stock market performance took a hit. Companies like Nike, General Motors, Nvidia, and Tesla saw stock drops. Trump declared a national economic emergency to launch the tariffs, aiming to bring factory jobs back to the US. The tariffs aim to charge other countries higher rates on imports to address what Trump sees as unfair trade practices.
President Donald Trump announced tariffs on products from 180 nations, impacting American agricultural sector and increasing consumer prices. The move aims to reduce import dependency and increase domestic production.
Technology stocks plummeted after President Donald Trump's new tariff policies caused market panic. Apple led the declines, with the Nasdaq Composite dropping over 5%. Other tech giants like Meta Platforms, Amazon, Nvidia, and Tesla also saw significant drops. The broader market selloff was due to fears of a global trade war following the announcement of new tariffs.
Megacap U.S. tech companies like Apple and retail giants face market meltdown due to Trump's new tariffs, raising fears of increased costs and impacting global supply chains and profit margins across various industries.
President Donald Trump has repeatedly claimed that Canada charges U.S. farmers a 250% or 270% tariff on dairy products, but this is misleading as these rates are only charged if U.S. exports exceed predetermined quotas. The U.S.-Mexico-Canada Agreement raised the thresholds for these tariffs, and U.S. dairy exports to Canada have never faced triple-digit tariffs. Despite Trump's claims, the tariffs have remained virtually unchanged since his first term in office.
President Trump declares Liberation Day and implements reciprocal tariffs to level the international playing field for American workers and businesses, facing short-term disruptions to restore American prosperity. The administration is taking a whole-of-government approach to bring down inflation and lower prices, while fighting against trade barriers with other nations.
Forbes released its annual list of the world's billionaires, with a record 3,028 billionaires and $16.1 trillion in total wealth. The U.S. has the most billionaires, followed by China and India. Public attitudes have shifted towards billionaires, with some facing backlash despite being more powerful than ever.
Elon Musk's Tesla experienced its worst quarterly performance in the stock market since 2022, with shares dropping by 36% in the first three months of 2025, wiping out over $460 billion in market cap. Various factors like Musk's role in the Trump administration, declining new vehicle sales, and challenges in meeting promises for robotaxis have contributed to the stock woes.
Construction spending rebounded in February, led by a pickup in homebuilding, despite elevated borrowing costs. Residential sector continues to drive construction activity, with single-family homebuilding up 1.0 percent.
The U.S. labor market held steady in February with little change in job openings, hires, and separations despite rising anticipation of new tariffs from the Trump administration. Job openings slipped to 7.6 million, led by drops in retail, finance, and leisure and hospitality. Hiring remained firm at 5.4 million. The quits rate stayed at 2.0 percent, indicating worker confidence.
Newsmax's stock price soared following a successful IPO, turning founder Christopher Ruddy into a billionaire. Despite the network's financial struggles, the stock price continued to rise significantly.
Newsmax, a conservative cable channel, saw its stock soar over 60% in afternoon trading after a successful IPO on the New York Stock Exchange. The company's founder and CEO, Christopher Ruddy, became a billionaire following the IPO.
Investors are pouring cash into gold funds due to economic concerns stemming from President Donald Trump's tariff war, leading to record highs for gold. The surge in gold purchases is driven by fears over the economy and stock markets, with a focus on safe haven assets like gold and U.S. Treasuries.
Gold prices hit a record high as investors turn to the safe-haven asset ahead of Trump's planned announcement of tariffs. Analysts predict continued rise due to uncertainty around tariffs and geopolitical situations.
CNBC host Jim Cramer criticizes President Trump over stock market performance as tariff deadline approaches, comparing him to Jimmy Carter and calling for a more pro-business attitude.
Europe is prepared to retaliate against the United States in response to Donald Trump's tariff hikes, with the EU having a strong plan if necessary. This could escalate into a trade dispute affecting various countries like Canada, China, Japan, and South Korea.
A Dallas man's Tesla Model X was vandalized at the Dallas-Fort Worth International Airport parking lot, leading to a lawsuit against the suspect for over $1 million. The incident is part of the 'Tesla Takedown' movement, where Tesla owners are being targeted and victimized. Various protests and acts of vandalism have occurred against Tesla vehicles and owners, prompting legal action and concerns about safety.
The Yiwu International Trade City in China is a massive wholesale market where millions of Chinese-made items are sold, providing insight into how Chinese businesspeople are adjusting to U.S. tariffs. The market offers various products like hardware, hair accessories, and 3-D printed plastic toys, with some entrepreneurs adapting to online platforms like TikTok to reach customers.
Forbes' annual list of the world's wealthiest people shows an increase in the number of billionaires. Chase Peterson-Withorn from Forbes discusses the findings from the latest survey.
After a leadership shakeup at Fannie Mae and Freddie Mac, this article discusses what's ahead for the giant firms and how the changes could affect mortgage affordability.
Denmark shoppers are boycotting American products and services in response to Trump administration's push for U.S. ownership of Greenland. The movement is gaining traction with Facebook groups and local initiatives promoting alternatives to American goods.
The reaction to Donald Trump's auto tariffs shows that tariffs are not protecting inefficient firms but are aimed at restructuring the economy away from dependence on foreign supply chains towards domestic production.
President Donald Trump signed an executive order to drive further investment in the United States, creating the "United States Investment Accelerator" office within the Department of Commerce to attract large investments above $1 billion by reducing regulatory burdens and expediting permitting.
Laurene Powell Jobs, a billionaire, has shown integrity by standing behind her editor and supporting journalism at The Atlantic amidst the Signalgate scandal. Unlike other billionaire tech owners who have caved to Trump, she has not compromised the integrity of her publication.
The article discusses how President Trump's tariffs on imports are negatively impacting US businesses, leading to rising prices, decreased confidence, and job losses. Despite Trump's promises of bringing jobs back to the US, many businesses are struggling to operate domestically due to high labor costs.
President Donald Trump is expected to sign an executive order to protect Americans from 'exploitive ticket scalping' in the concert and entertainment industry by enforcing competition laws, promoting the Better Online Ticket Sales (BOTS) act, ensuring price transparency, and preventing unfair practices in the secondary ticketing market.
President Trump aims to finalize a deal for the sale of TikTok's U.S. division to a non-Chinese buyer before the deadline. TikTok has faced scrutiny due to national security concerns and its parent company's ties to the Chinese Communist Party. Potential buyers include private equity firm Blackstone. The deal is complicated by China's reluctance to share TikTok's algorithm with Western entities.
President Trump will announce reciprocal tariffs on 'Liberation Day' in his second term, aiming to address unfair trade practices and protect American workers from countries imposing high tariffs on American products.
Protests against Tesla and Elon Musk are unfolding globally, with reports of reckless driving near Tesla showrooms, calls for investigations by local authorities, and instances of violence against Tesla properties. Critics accuse Musk of involvement in government efficiency efforts under the Trump administration.
Discussion on 'Tesla Takedown' protests against Elon Musk, highlighting rising automobile and utility costs due to government subsidies for EVs. Report by American Energy Institute (AEI) reveals impacts of regulatory credit system on gas-powered vehicle production and utility rates. Critics argue that subsidies disproportionately benefit wealthier individuals, imposing high costs on taxpayers.
A group of financial officers warns against 'domestic terrorism' attacks on Tesla dealerships, causing financial harm to millions of Americans. FBI launches a task force to address the violence, labeling it as 'domestic terrorism.' Democrats slow to condemn the attacks, while Elon Musk and Republicans blame far-left groups. Financial officers call for protection of Americans' financial future.
North American steel manufacturers are facing challenges due to Trump administration's trade policy, leading to layoffs and uncertain future for the industry. Semiconductor companies are also experiencing a dip in orders due to economic uncertainty.
United Auto Workers President Shawn Fain expresses support for President Trump's tariffs on foreign-made automobiles and parts, despite political disagreements. Fain emphasizes the need for domestic production and criticizes corporate greed in the auto industry.
A dog enthusiast in India owns a rare and expensive wolfdog named Cadabomb Okami and plans to buy a donkey-sized dog worth £10million. He spends all his money on rare dogs and showcases them at high-profile events, earning significant amounts. He has a history of owning and breeding unique and expensive dog breeds from around the world.
The concept of micro-retirement is gaining popularity among young workers, offering a flexible approach to taking career breaks to restore energy and wellbeing. While it aims to address burnout risks, it may have long-term financial and career implications. Research shows that prolonged working hours can lead to health issues. Businesses need to consider ways to promote employee well-being and productivity through sustainable work practices.
Canadian tourists are reconsidering visiting South Florida due to tension and uncertainty caused by the Trump administration's policies, resulting in a decline in Canadian tourism. Local businesses catering to Canadians are feeling the impact.
Wall Street is questioning if Google is at risk of becoming irrelevant as Alphabet's stock drops, drawing comparisons to Kodak.
President Trump is set to impose reciprocal tariffs on April 2, a move that could impact every American by raising prices and potentially affecting the economy. His belief in tariffs as a solution to economic issues has already caused market instability and alienated allies.
Amazon's Big Spring Sale offers last-minute deals on a variety of products including smartwatches, chargers, outdoor lights, flashlights, electric toothbrushes, air purifiers, cleaning tool organizers, face masks, and water dental flossers.
Policy uncertainty and new sweeping tariffs from the Trump administration are combining to create a stagflationary outlook for the U.S. economy in the latest CNBC Rapid Update.
Asian shares tumbled as worries about inflation and a slowing U.S. economy due to the trade war intensified. Gold hit a record high. Stock markets worldwide are shaky as more tariffs loom. Investors turned to traditional safe havens like gold.
Protests against Tesla and CEO Elon Musk are happening globally due to Musk's political role, resulting in declining sales and stock value. Branding expert Allen Adamson attributes the company's struggles to Musk's lack of focus on innovation, shifting public perception, and politics influencing consumer decisions.
The federal student loan system is facing uncertainty with millions of borrowers waiting for legal decisions on repayment plans and millions more at risk of default. The system has been disrupted by the COVID-19 pandemic and changes in administration, making it harder for borrowers to navigate. Complex legal battles and administrative changes are complicating the situation further.
Asian share markets tumbled due to concerns about U.S. tariffs affecting trade-reliant emerging economies. Most equities in emerging Asian countries fell to multi-month lows, with the region facing severe challenges from potential tariffs.
A very lucky person won the California Powerball lottery with an estimated $527 million jackpot. The winning ticket was sold at a 7-Eleven in Anaheim. The store's employees are excited and will receive $1 million for selling the winning ticket.
Stock futures fell as traders await clarity on President Trump's tariff plans, including a 25% levy on non-U.S. made cars. Markets are preparing for the impact of the tariffs set to go into effect on 'Liberation Day.'
Housing and Urban Development Secretary Scott Turner discusses the success of Opportunity Zones in economically distressed areas and the impact on communities in Philadelphia. He highlights the positive outcomes of private investment and economic development initiatives.
Democratic lawmakers are divided in their response to 'domestic terrorism' against Tesla, with some investing in the company despite criticizing Elon Musk. Attacks on Tesla vehicles and workers continue, with some Democrats condemning the violence while also investing in Tesla stock.
The FCC is investigating Disney and ABC for potential violations of equal employment opportunity regulations through 'DEI discrimination.' FCC Chairman Brendan Carr wants to ensure that any discriminatory initiatives have ended and that past practices complied with FCC regulations.
United Refining Company Chairman John Catsimatidis discusses the impact of President Trump's tariffs on oil trade. The trade war between the U.S. and EU threatens American whiskey industry with 50% tariffs. Small distilleries fear price hikes and reduced demand. Uncertainty due to tariffs hurts businesses and local agriculture.
Economists are voicing gloomy forecasts about the U.S. economy despite the Trump administration's optimism. Key indicators such as consumer confidence, credit card debt, business uncertainty, and trade policy uncertainty are signaling potential economic downturn.
Social Partner is a platform that connects businesses with freelancers and independent contractors for project-based work.
Amazon's Big Spring Sale features discounts on power tools and accessories. Prime members get exclusive deals until March 31. Deals include pressure washers, workbenches, batteries, drills, flashlights, toolboxes, screwdriver sets, drill bit sets, and angle grinders.
The Daily Wire has reportedly laid off employees from its kids department following the announcement of co-founder Jeremy Boreing stepping down as CEO. The move is in response to Disney's stance on Florida's Parental Rights in Education bill.
Venture capital-backed startups in the defense tech industry, led by young entrepreneurs, are disrupting traditional big military manufacturers with advanced technologies like AI and autonomous systems. The rise of these startups is fueled by significant funding from investors and a push to modernize military capabilities. The startups aim to provide more agile, cheaper, and advanced solutions for defense, potentially changing the landscape of warfare.
The Federal Communications Commission is investigating The Walt Disney Co. and its ABC television network over concerns of promoting discriminatory diversity, equity, and inclusion practices.
Yahoo, once a major internet company, is undergoing a turnaround led by CEO Jim Lanzone, focusing on leveraging AI in key products like Yahoo Finance and Sports. The company has divested underperforming units, made strategic acquisitions, and brought in top talent. Yahoo is betting big on AI, with initiatives like acquiring Artifact, an AI-powered news aggregator, and plans to reinvent Yahoo Finance using AI. The company is considering potential paths forward, including an acquisition, IPO, or remaining private.
Mississippi Governor Tate Reeves signed legislation to phase out the state income tax, aiming to enhance the state's competitive edge. The bill reduces sales tax on groceries and eliminates the income tax over a period of ten years. Reeves highlighted the importance of this move to attract business and workers to Mississippi, especially in comparison to neighboring states without income tax.
The price of eggs in the U.S. has dropped significantly due to a decrease in bird flu cases and efforts by the Trump administration to boost egg imports. Senator Tuberville emphasized the need to protect American farmers amidst the lower egg prices. Secretary Brooke Rollins mentioned various measures taken to stabilize egg prices and increase supplies.
Amazon's Big Spring Sale offers discounts on cleaning products, including vacuums, mops, and dishwasher pods. Prime members get exclusive deals. Various cleaning tools are available at lower prices until March 31.
Spring is a great time to reinvigorate your workout routine with Amazon's Big Spring Sale offering discounts on fitness gear. Products include weighted vests, resistance bands, vibration plates, socks, foam roller, golf swing trainer, walking pad, trampoline, smart scale, indoor bike, ab machine, and cargo leggings.
Amazon is back with its Big Spring Sale, offering discounts on various items. Prime members get exclusive deals. Some items on sale include a robot vacuum, nose hair trimmer, misting bottle, charging station, beard trimmer, book stand, comforter, olive oil dispenser, sharpener, and cutting board set.
Britain is hoping for a last-minute post-Brexit trade agreement with the US to avoid potential tariffs by President Trump. Talks have been ongoing between the UK government and US officials to reach a deal before April 2.
Economists are voicing gloomy forecasts about the U.S. economy, citing key indicators such as consumer confidence, credit card debt, business uncertainty, and trade policies. The country is facing potential recession risks and rising inflation concerns.
Amazon Auto now offers the option to buy new Hyundai cars, trade in old vehicles, and apply for financing online. Amazon Prime members can get a special incentive of $2,300 in Amazon.com gift cards when purchasing a car until April 15, 2025.
Charlie Javice, founder of a startup company, was convicted of defrauding JPMorgan Chase of $175 million by exaggerating her customer base. She and her co-defendant could face decades in prison. The company, Frank, promised to simplify the financial aid application process for students.
The U.S. government is seeking egg exports from countries in Europe and elsewhere to alleviate a severe shortage caused by a bird flu outbreak, but faces challenges due to differing food safety regulations. European countries have limited surplus eggs due to their own outbreaks and domestic demand. The U.S. may receive powdered or processed eggs instead of shell eggs. Various countries, including Poland and Italy, were contacted for egg supplies. The U.S. has cut egg exports and is trying to boost domestic supplies. Prices are fluctuating, and discussions continue amidst trade tensions.