China is the world’s second-largest economy and second-largest importer of U.S. goods. Entities in China hold at least $784 billion in U.S. federal debt. The country also controls much of the world’s rare element supply, which is vital for manufacturing technology. China could weaponize these assets if an all-out trade war breaks out, to the … Read more
Andy Jassy, CEO of Amazon, speaks during an unveiling event in New York on Feb. 26, 2025. Michael Nagle | Bloomberg | Getty Images Amazon reported better-than-expected results for the first quarter, but it gave soft guidance for the current period as the company navigates uncertainty around President Donald Trump’s sweeping tariffs. The stock fell … Read more
Apple reported second fiscal-quarter earnings Thursday that beat Wall Street expectations, but the company’s closely-watched Services division came up light versus estimates. Shares of the iPhone maker fell as much as 4% in extended trading. Here’s how Apple did versus consensus estimates for the quarter ending in March: EPS: $1.65 vs. $1.63 estimated by LSEG … Read more
US President Donald Trump speaks during a bilateral meeting with Prime Minister of Norway Jonas Gahr Store in the Oval Office of the White House in Washington, DC, on April 24, 2025. Saul Loeb | Afp | Getty Images President Donald Trump denied that a strong bond market sell-off influenced his decision earlier this month … Read more
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters Higher mortgage rates and concern over the broader economy are making for a weak start to the all-important spring housing market. Sales of previously owned homes in March fell 5.9% from February to 4.02 million units … Read more
NY Attorney General Letitia James speaks during a press conference on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty Images A dozen states sued President Donald Trump and his administration Wednesday, seeking a court order declaring that his new tariffs on foreign imports are illegal. “The president does not have the … Read more
Jamell Harris loads raw casting heads to be manufactured at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images DETROIT – Six of the top policy groups representing the U.S. automotive industry are uncharacteristically joining forces to lobby the Trump administration against 25% tariffs on auto parts … Read more
The U.S. tariff rate on Chinese goods now stands at 145%, according to The White House. Spencer Platt | Getty Images News | Getty Images While recent news of United States President Donald Trump’s on-again off-again tariffs has led to wild swings in markets and shaken businesses globally, companies that rely on open trade between … Read more
President Donald Trump is registering the worst economic approval numbers of his presidential career amid broad discontent over his handling of tariffs, inflation and government spending, according to the latest CNBC All-America Economic Survey. The survey found that the boost in economic optimism that accompanied Trump’s reelection has disappeared, with more Americans now believing the … Read more
Dozens of Democratic lawmakers are warning that President Donald Trump‘s tariff-heavy trade agenda is quickly starting to resemble a “corrupt scheme to enrich administration officials and those loyal to them.” The Trump administration’s tumultuous rollout of a spate of new tariffs is “rife with opportunities to unduly influence President Trump and other administration officials,” the … Read more