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...
Check out the companies making...
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Check out the companies making...
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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.
Macro trades have bounced back to become the best performing hedge fund strategy in the third quarter, turning a page on a dismal first half that saw economic uncertainty weigh on managers. Asset-weighted returns for macro funds hit 3.07% in the three months through September, according to data from fund...
American sportswear fashion brand Champion store seen in Hong Kong.Chukrut Budrul | SOPA Images | Sipa via AP ImagesBrand management firms WHP Global and Authentic Brands Group are both interested in buying Champion from its parent company Hanesbrands, which is considering offloading the sportswear line amid pressure from activist...
The Swiss franc is back on track to be the strongest performing G-10 currency against the dollar this year, beating all of its peers in October. Investors including Amundi and J.P. Morgan Private Bank say its rally has scope to run and options recently showed the highest bets for franc...
A woman walks past a CVS Pharmacy in Washington, D.C., on Nov. 2, 2022.Brendan Smialowski | AFP | Getty ImagesCVS on Wednesday reported third-quarter adjusted earnings and revenue that topped Wall Street's expectations, lifted in part by strong revenue from the company's health services business. CVS booked sales of $89.76...
Aston Martin DBS Superleggera(c) Paul A. Eisenstein | TheDetroitBureauShares of Aston Martin were down by 11% at 10:01 a.m. London time Wednesday morning, slightly paring losses incurred after the British luxury carmaker cut its volume target due to production problems for its new DB12 model and posted a bigger-than-expected...
Advisors who make one-off recommendations to 401(k) plans and participants may face a new reality under the latest fiduciary rule proposed by the Department of Labor: They will be fiduciaries, whether they like it or not. Tuesday, the agency proposed a rule that would again redefine “fiduciary” under the Employee...
President Biden warned financial advisors Tuesday not to recommend high-fee investment products that line their own pockets rather than help their clients build a nest egg, as he promoted a proposal to raise advice standards for retirement accounts. “Most advisors give their clients good advice at a fair price and...
