Arseniy45 | Istock | Getty ImagesPresident Donald Trump may hope his tariffs jump-start a renaissance in manufacturing in the United States, but the reality is not so simple, according to experts.The president announced sweeping tariffs Wednesday, including a baseline 10% levy across the board on all imports. He also...
After President Donald Trump's new tariffs crushed global stocks for a second consecutive day, CNBC's Jim Cramer said next week's earnings reports will provide a first look at how CEOs are dealing with the fallout.Big bank earnings headline the upcoming week, alongside inflation data. No matter what the numbers...
Check out the companies making headlines in midday trading. Bank stocks — Major banks declined on Friday, as President Donald Trump's new tariff policies increasingly raised fears of a U.S. economic pullback. Shares of Goldman Sachs , Citigroup , Morgan Stanley and Wells Fargo tumbled about 8%. JPMorgan dropped...
U.S. Federal Reserve Chair Jerome Powell and U.S. President Donald Trump.Craig Hudson | Evelyn Hockstein | ReutersPresident Donald Trump on Friday called for Federal Reserve Chair Jerome Powell to cut interest rates."This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always...
Chandler, United States, April 4th, 2025, FinanceWireFintech company DecisionFi, LLC is expanding its reach into underserved consumer markets with a suite of financing solutions designed for sectors often overlooked by traditional lenders. Headquartered in Phoenix, Arizona, the company provides technology-enabled lending services to industries including tax resolution, healthcare, regenerative...
Job growth was stronger than expected in March, providing at least temporary reassurance that the labor market is stable, the Labor Department reported Friday.Nonfarm payrolls increased 228,000 for the month, up from the revised 117,000 in February and better than the Dow Jones estimate for 140,000, according to the...
Traders work on the floor of the New York Stock Exchange during morning trading on April 03, 2025 in New York City. Michael M. Santiago | Getty ImagesTraders are now betting the Federal Reserve will cut at least four times this year, amid fears Trump's tariffs could tip the U.S....
Check out the companies making headlines before the bell. Big banks — Bank stocks took a hit over increasing fears of a U.S. economic pullback amid an escalating global trade war. Goldman Sachs and Morgan Stanley each lost 6%, while JPMorgan Chase , Citigroup and Wells Fargo shed 5%....
Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019.Aly Song | ReutersChina's finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10, following duties imposed...
Limassol, Cyprus, April 4th, 2025, FinanceWireB2PRIME Group, a leading global financial services provider for institutional and professional clients, has released its market report for 2024. In it, the Group showcases its results and growth in key metrics while also highlighting broader industry trends shaping institutional liquidity demand.2024 marked a...
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Gregg Greenberg spent 14 years as a journalist at TheStreet.com where he wrote the highly popular column "The 5 Dumbest Things on Wall Street This Week". His work has appeared in magazines ranging from Glamour to ESPN the Magazine, and on humor sites such as Points in Case.
Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jumpstarting the refinance market.Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to...
Cityscape of Saudi capital Riyadh.Harri Jarvelainen Photography | Moment | Getty ImagesDUBAI, United Arab Emirates — Saudi Arabia announced a 30-year tax exemption package for foreign companies establishing their regional headquarters in the kingdom, the latest move in its aggressive campaign to attract international investment and headcount."The Ministry of...
The U.S. economy should be able to avoid a recession next year — but a sharp pullback in consumer spending is among the biggest risks of that occurrence, according to economist Carl Weinberg."Consumers are just waking up to the fact that they're financing their spending by running up their...
The fintech revolution, with its innovative solutions, has permeated many sectors, turning traditional financial processes on their head. Yet, there are several niche industries still awaiting a major fintech overhaul. As organizations strive to incorporate technology-driven strategies to enhance their operations, these lesser-explored industries present ample opportunities for innovation....
Check out the companies making headlines after the bell : Box — The cloud company plummeted 11% after reporting fiscal third-quarter adjusted earnings of 36 cents per share on revenue of $261.5 million. This was lower than FactSet's analyst expectations of 38 cents per share on $262.4 million of...
Disney World's Magic Kingdom in Orlando, Florida.Joe Raedle | Getty Images News | Getty ImagesActivist investor Ancora on Tuesday urged Disney to put Nelson Peltz on its board, days after Peltz and his firm, Trian, launched a proxy fight with the entertainment giant."In an effort to avert an election...
Sopa Images | Lightrocket | Getty ImagesCharter shares plunged more than 8% on Tuesday after its CFO Jessica Fischer said the company could lose broadband subscribers in the fourth quarter.Charter competitor Comcast's stock also slipped more than 3% in midday trading."I can certainly see that it's likely that we...
