U.S. President Donald Trump giving an address by videoconference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know,…
U.S. President Donald Trump on screen during his address by video conference at the World Economic Forum annual meeting in Davos on Jan. 23, 2025. Fabrice Coffrini | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they…
Addressing the annual meeting in Davos, Switzerland, via video from the White House, Trump described a “very good” relationship with Chinese President Xi Jinping, saying the two countries needed only to make their trade relationship “fair”, not “phenomenal”. He criticised Washington’s “massive” trade deficits with Beijing – America’s second-largest trading partner after Mexico – and…
Donald Trump hinted at a coming clash with Federal Reserve Chair Jerome Powell and other central bankers as he spoke virtually before the World Economic Forum, saying he would “demand” lower interest rates. “With oil prices going down, I’ll demand that interest rates drop immediately,” he told the crowd of business leaders and politicians gathered…
Donald Trump on Thursday will star in an eagerly-anticipated online appearance at the World Economic Forum in Davos, addressing global elites whose annual gabfest has been consumed by the US president’s days-old second term.Trump’s name has come up in almost every conversation in the Swiss Alpine village this week: in formal panel discussions, in shuttles…
Hong Kong’s finance chief has discussed strategies to avoid a “new, non-cooperative normal” with more than 70 global political and business leaders at the World Economic Forum’s annual meeting in Davos. Paul Chan Mo-po also promoted the city’s “new advantages” during various meetings with the leaders, according to the financial secretary’s office on Thursday. He…
DAVOS, SWITZERLAND — Even a 25% tariff on China would hurt iconic retailer Ralph Lauren (RL). “It’s a pressure point. But again, I think we can work through it, and we can manage it. I think we’ve lived with tariffs already. It’s not a new concept and we’ve been able to navigate it,” Ralph Lauren…
DAVOS, SWITZERLAND — The weather may have been teeth-chattering along the promenade in Davos, but that didn’t stop Salesforce (CRM) co-founder and CEO Marc Benioff from firing off a few new choice words on AI rival Microsoft (MSFT). “Everybody knows that Microsoft has disappointed the world with Copilot and I mean, that’s just a repackaged…
JPMorgan Chase CEO Jamie Dimon said he’s looking at tariffs as an economic tool. Speaking in Davos, he said they can help address unfair trade balances and boost national security. “National security trumps a little bit more inflation,” he said. JPMorgan Chase CEO Jamie Dimon said Wednesday that while tariffs may lead to consumer price…
Williams-Sonoma (WSM) CEO Laura Alber hasn’t waited for President Trump to enact more tariffs on China. She has taken action and could take more action in the years ahead. “In the first Trump administration, we saw the first wave of tariffs, and we reduced our China exposure by 50%,” Alber told Yahoo Finance at the…