When the US levies a tariff on an imported good, who pays the price: the manufacturer, the importer, or the consumer? A new study published by the Federal Reserve Bank of Boston found that the consumer ultimately gets charged for the higher cost of importing. Researchers working with Morning Consult asked small- and medium-size businesses…
Apple (AAPL) shares gained as much as 5% on Monday as Wall Street viewed the iPhone maker a major winner of exemptions on tariffs announced by the Trump administration over the weekend. “The Trump administration gives AAPL a lifeline,” said Angelo Zino, vice president and senior equity analyst at CFRA Research. “It also provides a…
US stock futures jumped Sunday evening, as Wall Street took in a weekend full of diverging messages from President Trump’s administration on its tariff policy. Futures tied to the S&P 500 (ES=F) rose 0.8%, while those on the tech-heavy Nasdaq (NQ=F) jumped 1.3%. Dow Jones Industrial Average futures (YM=F) were up 0.4%. CME – Delayed…