As President Donald Trump’s “reciprocal” tariffs announcement sent shockwaves across Wall Street, the world’s richest people lost billions of dollars in net worth almost overnight. On Wednesday, Trump announced a baseline 10% tariff for imported goods from all countries set to take effect on April 5, and “individualized” tariffs as high as 50% on a…
California Governor Gavin Newsom has asked the US federal government for $40 billion (£31.6b) in funds to help rebuild areas of Los Angeles devastated by January fires. Newsom sent the request to congressional leaders in a letter on Friday. He said the funds would help both immediate and long-term recovery work. “I’m asking Congress to…
President Donald Trump’s administration has announced it will slash billions of dollars from overheads in grants for biomedical research as a part of broader cost-saving measures, a move some scientists say will stifle scientific advancements. In a statement on Friday, the National Institutes of Health (NIH) said it would cut grants for “indirect costs” related…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average…
Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images Asset management giant Vanguard announced broad fee cuts for many mutual funds and ETFs on Monday, reinforcing its standing as one of the cheapest options for investors. The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average…
Jaap Arriens | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Markets rise amid choppy…
Denmark has said it will spend 14.6 billion kroner (£1.6bn; $2.05bn) to boost security in the Arctic region, in partnership with its autonomous territories Greenland and the Faroe Islands. The deal includes three new Arctic ships, more long-range drones with advanced image acquisition capacity and stronger satellite capacity. “We must face the fact that there…
