Here are the most important news items that investors need to start their trading day: 1. March mayhem 2. Buffett burns tariffs Warren Buffett speaks during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 4, 2024. CNBC Legendary investor Warren Buffett criticized Trump’s tariff plans, saying they will raise costs for consumers…
US President Donald Trump has said that his administration will “soon” impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi’s recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement,…
The Trump administration told Mexican officials that they should put their own duties on Chinese imports as part of their efforts to avoid tariffs threatened by President Donald Trump, according to people familiar with the matter. Commerce Secretary Howard Lutnick was among US officials who conveyed that message at a meeting Thursday in Washington with…
Stock Futures Slide as Tariff Drama Drags on the Market Stock futures were trading in the red Friday as the lack of clarity surrounding President Donald Trump’s plan to impose so-called reciprocal tariffs put investors in an uncertain mood. Trump signed a memo ordering his team to start drawing up plans for equalizing levies against…
WASHINGTON (AP) — U.S. President Donald Trump held off Monday on his tariff threats against Mexico for one month of further negotiations after Mexican President Claudia Sheinbaum agreed to send 10,000 members of her country’s national guard to the border to address drug trafficking. Trump’s tariffs against Canada and China were still slated to go…
Who is Huohuade Lutenike? The Chinese rendering of Howard Lutnick, the billionaire nominee to lead America’s commerce department, is not well known in China. But he may end up shaping America’s trade policies. Since Donald Trump announced his pick, Chinese investors and policy-watchers have scrambled for information. More than anything they want to know if…
In This Story As his former colleague and artificial intelligence rival prepares for a role in the incoming Trump administration, Sam Altman says he’s not worried about Elon Musk. AI trip planners will soon be better than human travel agents, Booking Holdings CEO Glenn Fogel said Despite there being “lots of things not to like…
WEST PALM BEACH, Fla. – Canadian Prime Minister Justin Trudeau said Saturday he had an “excellent conversation” with Donald Trump at his Mar-a-Lago club after the president-elect’s threat to impose significant tariffs on two of America’s leading trade partners raised alarms in Ottawa and Mexico City. It was unclear, as Trudeau headed back to Canada…
(Reuters) – U.S. President-elect Donald Trump’s pick for Commerce Secretary, Howard Lutnick is in talks to deepen his financial ties with the company operating the world’s largest stablecoin, Tether, by launching a $2 billion project to lend dollars to clients against bitcoin, Bloomberg News reported on Sunday. Lutnick’s financial services firm Cantor Fitzgerald is discussing…
In This Story Tesla’s (TSLA+8.11%) market capitalization hit $1 trillion Friday morning, as Donald Trump’s election win has helped the EV maker’s stock surge this week. How Nvidia’s H200 GPUs and Blackwell chips are revolutionizing data centers The company’s share price rose more than 6% to about $313 during intraday trading on Friday. It marks…