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 container ship Gunde Maersk sits docked at the Port of Oakland on June 24, 2024 in Oakland, California. Justin Sullivan | Getty Images Shares of Danish shipping giant Maersk, a bellwether for global trade, posted substantial gains on Thursday morning, rallying after U.S. President Donald Trump’s 90-day pause on higher tariffs for some countries….
Trader work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wednesday’s jaw-dropping stock-market rally on President Donald Trump’s surprising tariff reversal is one for the history books. The S&P 500 skyrocketed 9.52% in a kneejerk reaction to Trump’s announcement to put a 90-day pause on some of the lofty ‘reciprocal’…
The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy…
Treasury Secretary Scott Bessent speaks to reporters outside the West Wing after doing a television interview on the North Lawn of the White House on March 13, 2025 in Washington, DC. Andrew Harnik | Getty Images Treasury Secretary Scott Bessent said Wednesday the sell-off in the stock market is due more to a sharp pullback in…
Aluminum cans wait to be filled with craft beer during a production run at Black Plague Brewery in Oceanside, California, U.S., March 14, 2025. Mike Blake | Reuters The Trump administration will implement a 25% tariff of all imported canned beer and empty aluminum cans starting Friday, according to a notice from the Department of…
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention begins, in Milwaukee, Wisconsin, July 14, 2024. Joe Raedle | Getty Images News | Getty Images Newsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has…
Hedge funds are dumping stocks at a rapid pace as President Donald Trump’s aggressive tariff agenda spiked volatility on Wall Street. These professional traders have net sold global equities for six weeks in a row, with last week’s notional de-grossing amount reaching the largest level since July, according to data from Goldman Sachs’ prime brokerage unit. The…
The MSC Regulus container ship, operated by Mediterranean Shipping Co. (MSC), left, the Monte Verde container ship, operated by Hamburg Sud, centre, and the OOCL Germany container ship, operated by Orient Overseas Container Line Ltd., docked at the Port of Felixstowe Ltd., a subsidiary of CK Hutchison Holdings Ltd., in Felixstowe, U.K., on Thursday, June…
President Donald Trump’s 25% tariff on foreign-made vehicles and parts stands to raise prices on vehicles by thousands of dollars, according to industry economists and other analysts. Sticker prices are already near record highs — just shy of $50,000 on average, Cox Automotive. A record number of buyers are delinquent on their auto loan payments,…