Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs
Trucks are shown from a drone view after clearing U.S. Customs and entering the United States from Tijuana along the U.S. Mexico border at Otay Mesa port in San Diego, California, U.S. April 2, 2025. Mike Blake | Reuters DETROIT — As President Donald Trump’s 25% tariffs on imported vehicles were set to take effect, […]
Tequila maker says tariffs won’t affect prices. Here’s why
Suerte Tequila’s dedicated factory and agave farm in Jalisco Mexico. Courtesy: Suerte Tequila While some tequila makers have warned they might have to implement price hikes to offset tariffs, Colorado-based Suerte Tequila said it has been able to keep overhead prices low enough that it will absorb the levies if necessary. The Jalisco-made tequila label […]
QVC is betting on TikTok to help revive its live shopping business
FILE PHOTO: Signage is displayed at the entrance to the QVC Studio Park in West Chester, Pennsylvania, U.S., June 4, 2018. Brendan McDermid | Reuters QVC Group is launching the first-ever nonstop live shopping streams on TikTok in the U.S. in a bid to revive its business and broaden its audience. Beginning Wednesday, hosts from […]
Toy prices could jump 50% following Trump’s tariffs on China, Vietnam
The toy aisle is about to get more expensive. President Donald Trump expanded his trade war this week, placing a 10% baseline tariff on almost every country and much steeper levies on dozens of others. Among those hit with higher tariffs were China and Vietnam — two nations that are vital to the domestic toy […]
CMS makes job cuts as RKF Jr. guts HHS
An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty Images The Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC has learned, as Robert F. Kennedy Jr. upends the U.S. health department. During […]
Tariffs drive up the cost of airplanes, the United States’ star export
The production line for the Boeing P-8 Poseidon maritime patrol aircraft is pictured at Boeing’s 737 factory in Renton, Washington, November 18, 2021. Jason Redmond | Reuters President Donald Trump’s sweeping tariffs are set to drive up the cost of Boeing and Airbus planes, GE Aerospace engines, and hundreds of other aerospace and defense products, […]
Family offices pause dealmaking in March on trade war fears
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-rich dialed back their deal-making in March as President Donald Trump ‘s tariffs loomed […]
Manhattan luxury real estate market has best first quarter since 2019
People walk by a view of residential luxury towers along nicknamed Billionaires Row, a stretch of 57th Street that holds the majority of Manhattan’s supertall luxury towers on May 16, 2022 in New York City. Spencer Platt | Getty Images News | Getty Images Manhattan apartment sales jumped 29% in the first quarter from the […]
Family offices are moving money out of the U.S. on tariff, economic fears
A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. At his Singapore-based family office, Srihari Kumar has long favored U.S. investments. The former Goldman Sachs managing director, who also co-founded […]
Mortgage rates tumble on tariffs, but housing costs still high
Mortgage rates fell sharply Thursday following the Trump administration’s tariff announcement. The average rate on the popular 30-year fixed loan plunged 12 basis points to 6.63%, according to Mortgage News Daily. That put it at the lowest level since October. The massive sell-off in the stock market early Thursday sent investors fleeing to the bond […]
