Why does Trump love those ‘beautiful’ tariffs? It didn’t start with China.
“Make America Great Again” longs for an America that can never be again.
Auto tariffs expected to cut sales by millions, cost $100 billion
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs more than 7,000 people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles remain in effect despite a pullback this week […]
The IRS is pulling back on some audits — but not everyone can breathe a sigh of relief
With massive cuts to the IRS workforce, the question now is whether the tax collector is waving the white flag on audits.
Trump pharmaceutical tariffs may raise costs, worsen drug shortages
A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images President Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some experts told CNBC. The duties could disrupt the complex pharmaceutical supply chain, drive up the prices of drugs […]
‘The cost is a big unknown’: Should I buy a new car to avoid auto tariffs — or wait and hope that Trump suspends them too?
Trump’s 90-day pause on “reciprocal” tariffs does not extend to the 25% import tax on cars or auto parts.
Mattel, Hasbro stocks sink after Trump’s China tariffs
Toys made by Mattel, Hasbro and others are seen at a Macy’s store in New York. Staff | Reuters There’s trouble in Toyland. Toy giants Mattel and Hasbro have seen their stocks battered by President Donald Trump’s escalated trade war with China. On Friday, Mattel shares hit a new 52-week intraday low of $13.95 apiece, […]
Morgan Stanley (MS) Q1 2025 earnings
People walk out of the Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. Spencer Platt | Getty Images Morgan Stanley on Friday reported first-quarter results that topped estimates as stock trading revenue surged 45% amid rising global volatility. Here’s what the company reported: Earnings: $2.60 a share vs. $2.20 […]
Social Security’s announcements are leaving its website and moving to X: reports
Only 7% of X’s news consumers are age 65 or older.
Mortgage rates surge over 7% as tariffs hit bond market
The average rate on the popular 30-year fixed mortgage surged 13 basis points Friday to 7.1%, according to Mortgage News Daily. That’s the highest rate since mid-February. Mortgage rates have been on a roller coaster ride all week, as bond yields spiked higher mid-week when President Donald Trump’s new tariffs on dozens of countries went […]
Here are this week’s 20 best-performing stocks as the S&P 500 rallied
All but two of the S&P 500’s 11 sectors were up for the week.
