tariffs

Newell Brands Inc. (NASDAQ:NWL) shares are trading lower on Wednesday after reporting the first-quarter earnings report. The company reported adjusted earnings per share of a one-cent loss, beating the street view of a six-cent loss. Quarterly revenues of $1.57 billion (down 5.3% year over...

On Wednesday, British multinational pharmaceutical GSK Plc (NYSE:GSK) reported first-quarter sales of $9.46 billion (7.52 billion Sterling Pounds), up 2% year-over-year and 4% on constant currency. Analysts had estimated sales of $7.46 billion. Vaccine sales fell 8% (-6% at constant currency) to 2....

The U.S. economy unexpectedly contracted in the first quarter of 2025, posting its first negative growth reading since the second quarter of 2022 as Donald Trump's newly imposed trade tariffs sent shockwaves through multiple sectors. Gross domestic product declined by 0.3% on an annualized basis...

In the rollercoaster aftermath of Donald Trump's return to the Oval Office, equity markets have whipsawed with a blend of hope and havoc. But while headlines swirl with "uncertainty," "risk," and "tariffs," JPMorgan analyst Claudia K. Hueston isn't panicking. Instead, she sees what she calls a "...

United Parcel Service Inc. (NYSE:UPS) has disclosed its intentions to lay off 20,000 employees and cease operations in 73 facilities. This decision is attributed to a considerable decline in deliveries for Amazon.com Inc. (NASDAQ:AMZN), its primary client, and the ongoing...

Economist Justin Wolfers pushed back against President Donald Trump’s inconsistent recent remarks on trade deals, taxes, and tariff revenue, calling his position "fundamentally incoherent." What Happened: On Tuesday, the Australian economist dismissed Trump's claim that tariff revenue could...

The Donald Trump administration is reportedly considering sweeping changes to Joe Biden-era restrictions on AI chip exports. What Happened: Trump officials are weighing a significant overhaul of the Framework for Artificial Intelligence Diffusion, a rule issued in January by the U.S. Commerce...

On his 100th day in office during his second term, President Donald Trump returned to a familiar setting — a rally stage in Michigan — to energize supporters, defend his policies, and lash out at critics as Democrats prepared a coordinated protest in the Senate. What Happened: On Tuesday, before a...

First Solar Inc (NASDAQ:FSLR) reported financial results for the first quarter after the market close on Tuesday. Here’s a look at the key performance highlights from the first three months of the year. Q1 Earnings: First Solar reported first-quarter revenue of $844.57 million, beating...

Commerce Secretary Howard Lutnick is standing firm behind the Trump administration’s plans to bring manufacturing back to the U.S. despite surveys showing pessimistic consumers and recession fears. What To Know: Tuesday on CNBC’s “The Exchange,” Lutnick touted that President...

Major Wall Street investment banks are divided over how the dollar will move from here, yet much clarity could be just days away as a deluge of key economic data looms. In an outlook shared with clients last week, Wells Fargo's economics team, led by Nick Bennenbroek, expressed a bullish short-term...

The U.S. posted its widest monthly goods trade deficit on record in March, as companies rushed to import foreign goods ahead of sweeping tariffs set by President Donald Trump on what he dubbed as “Liberation Day.” The U.S. goods trade deficit widened to $161.9 billion in March 2025, up...

The Liberal Party has won Canada's prime minister election with former central banker Mark Carney keeping his top position, which he was placed in after outgoing Prime Minister Justin Trudeau stepped down in January. "Who's ready to stand up for Canada with me," Carney said in a speech after...

Trade negotiations dominated discussions at last week's International Monetary Fund meetings in Washington. JPMorgan Chase & Co. (NYSE:JPM) hosted a private session where CEO Jamie Dimon and Treasury Secretary Scott Bessent addressed President Donald Trump's trade policies with more than 500...

President Donald Trump has now been back in the White House for 100 days, with Tuesday marking the 100th day of his second term, following his inauguration on January 20, 2025. Here's a look at where Trump stands with his election promises, voter polls, signing of laws and executive orders and the...