U.S. President Donald Trump answers reporters’ questions after exiting Marine One at the White House in Washington, D.C., U.S., April 27, 2025. Ken Cedeno | Reuters China on Monday once again denied that it is in talks to resolve its tariff war with the United States, after a series of statements by President Donald Trump…
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, on February 28, 2025. Nurphoto | Nurphoto | Getty Images The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has…
An Amazon employee works to fulfill same-day orders during Cyber Monday, one of the company’s busiest days at an Amazon fulfillment center on December 2, 2024 in Orlando, Florida. Miguel J. Rodriguez Carrillo | Getty Images For 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon. Now he’s in a bind, because most…
Check out the companies making headlines in after-hours trading: Chipotle Mexican Grill — Chipotle missed first-quarter revenue estimates and said same-store sales declined for the first time since 2020, leading the stock to drop 2%. The burrito chain reported adjusted earnings per share of 29 cents, while analysts polled by LSEG forecast 28 cents per…
The yield on the 10-year Treasury declined on Wednesday after U.S. President Donald Trump backtracked on comments he made about firing Federal Reserve Chairman Jerome Powell. At 4:35 a.m. ET, the 10-year Treasury yield was 4 basis points lower at 4.346%. The 2-year Treasury yield was 3 basis points higher at 3.819%. One basis point equals 0.01%…
Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects “there will be a de-escalation” in President Donald Trump‘s trade war with China in the “very near future,” a person in the room told CNBC. “The next steps with China are, no one thinks the current status quo is sustainable” with tariff…
U.S. President Donald Trump speaks to the media during the annual White House Easter Egg Roll, on the South Lawn of the White House in Washington, D.C., U.S., April 21, 2025. Leah Millis | Reuters President Donald Trump’s public criticism of Fed Chair Jerome Powell has fueled concern that he will try to fire the…
As the dollar falters, the world’s central banks tread a tightrope — devalue their currency or not The dollar has been sliding and the ripple effects on other currencies has brought a mix of relief and headache to central banks around the world. Uncertainty about U.S. policymaking has led to a flight out of the…
President Donald Trump, right, speaks as Jerome Powell, Trump’s nominee as chairman of the Federal Reserve, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., Nov. 2, 2017. Olivier Douliery | Bloomberg | Getty Images White House economic adviser Kevin Hassett said on Friday that President Donald Trump…
Check out the companies making headlines in midday trading: Alphabet — Shares of the megacap technology name pulled back 1.4% after a federal judge ruled that Google has illegally monopolized online advertising technology , namely the markets for publisher ad servers and ad exchanges. Hertz — The rental car company surged 43.9% to a 52-week…