U.S. President Donald Trump holds a chart next to U.S. Secretary of Commerce Howard Lutnick as Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025. Carlos Barria | Reuters The tariff policy outlined by President Donald Trump on Wednesday appears set to raise the…
With industries like technology and consumer discretionary driving Thursday’s market meltdown following President Donald Trump’s rollout of new tariffs, CNBC’s Jim Cramer points investors to the same sectors that rose after the dot-com bubble burst in 2000. Stocks cratered on Thursday, with the Dow falling nearly 4%, the S&P 500 shedding 4.8%, the Nasdaq plunging…
The global market rout on Thursday, sparked by President Donald Trump’s announcement of widespread tariffs, had an outsized effect on fintech companies and credit card issuers that are closely tied to consumer spending and credit. Affirm, which offers buy now, pay later purchasing options, plunged 19%, while stock trading app Robinhood slid 10% and payments…
A Southwest Airlines jet approaches Midway Airport on Dec. 15, 2023, in Chicago. (John J. Kim/Chicago Tribune/Tribune News Service via Getty Images) John J. Kim | Chicago Tribune | Getty Images Southwest Airlines‘ new policies such as charging for checked bags for the first time could backfire, Fitch Ratings said Thursday. Southwest is reversing its…
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025. Saul Loeb | Via Reuters Technology…
OpenAI and Anthropic AI. Jakub Porzycki | Nurphoto | Omar Marques | SOPA Images | Getty Images Artificial intelligence rivals Anthropic and OpenAI both rolled out education services within 24 hours of each other. The services are aimed at college students ahead of their final exams. They’re part of a wider push by the two…
Aggressive tariffs that President Donald Trump announced Wednesday will begin a “re-ordering” of global trade that will force other nations to open their doors to more American goods, Commerce Secretary Howard Lutnick said Thursday. Under an executive order the president signed, the U.S. will retaliate against duties imposed on American goods elsewhere. Lutnick, in a…
New York City Mayor Eric Adams holds a press briefing after former Governor Andrew Cuomo enters the mayoral race on March 03, 2025 in New York United States. Selcuk Acar | Anadolu | Getty Images Fresh off the dissolution of his criminal corruption case, New York City Mayor Eric Adams says he’s back to focusing…
BERLIN, GERMANY – FEBRUARY 24: Robert Habeck, chancellor candidate of the German Greens Party, speaks to the media the day after German parliamentary elections on February 24, 2025 in Berlin, Germany. The Greens came in fourth place with 11.6% of the vote, down 2.9% from the previous election. (Photo by Sean Gallup/Getty Images) Sean Gallup…
The AppLovin logo arranged on a laptop in New York on Feb. 26, 2025. Gabby Jones | Bloomberg | Getty Images AppLovin is one of the companies in negotiations to potentially acquire TikTok, sources familiar with the situation told CNBC’s David Faber on Wednesday. The Trump administration, which has been trying to shepherd a deal…
