The remarks show how the mood has changed across the bloc on the potential pact it hopes to agree with the Donald Trump administration. Brussels at first trashed the agreement that London struck with Washington, but now the EU is coming to terms with the prospect that keeping a 10 percent baseline tariff is the…
The dollar has lost 10.48% of its value against other currencies on the DXY index, year to date. Currencies usually move against each other in fractions of a percent, so that’s a relatively massive collapse in value. The dollar was down 0.55% this morning, at the time of writing. And—you guessed it—the person responsible is…
Stock markets seem to be celebrating the ceasefire between Iran and Israel and the resulting decline in the price of oil. Asia markets were up and Europe was flat in early trading. S&P futures were flat this morning too, following a decline in the price of oil to $68 per barrel over the last few…
LONDON (Reuters) -China announced additional tariffs of 34% on U.S. goods on Friday, upping the ante in a global trade war after President Donald Trump’s sweeping tariffs this week. Growing fears of a recession roiled global stocks for a second day on Friday. Banking stocks cratered as investors fretted about growth and priced in far…
Trump’s two-week delay on an Iran bombing decision has generated uncertainty that is holding investors (and businesses) back from making decisions. While the “fear index” dropped, U.S. markets still slid slightly in premarket trading. Investors didn’t exactly breathe a sigh of relief after President Trump postponed a decision on bombing Iran for two weeks. U.S….
With the July 9 deadline for finalizing trade deals approaching, the Trump administration is advancing its global tariff strategy. This report outlines the latest developments in tariff implementations and ongoing negotiations with key trading partners. Details of U.S.-China Trade Deal High-level negotiations in London, concluded on June 10, 2025, have produced a framework agreement with…
Tariffs are pushing up the cost of materials that are frequently used in home renovation projects, leading some homeowners to reconsider fixing up their residences. Suppliers of materials, including lumber, steel and aluminum, have already hiked prices for builders. Sixty percent of homebuilders say suppliers have either already raised prices or intend to, according to…
The human cost of global conflict is unbearable for the victims, of course, and it comes with an economic cost too, which analysts are trying to estimate right now. President Trump has reportedly approved a plan to bomb Iran but not yet given the green light for action. The main issue for investors is what…
How tariffs are reshaping the cost of remodeling this summer – CBS News Watch CBS News With new tariffs raising the cost of key building supplies like lumber, steel, and appliances, contractors say homeowners could see project costs skyrocket. Nancy Chen speaks with builder David Perotti on how to save money and navigate the price…
More Americans want to buy used cars due to tariffs – CBS News Watch CBS News A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, live events, and…