Trade court strikes down Trump tariffs: What it means for markets — and what’s next
President Donald Trump’s tariff saga took another twist late Wednesday when a U.S. trade court voided the bulk of his levies, prompting an instant appeal by the administration and sparking a rally for U.S. stock-index futures.
Hybrid leader Toyota targets major growth in plug-in vehicles
2023 Prius Prime on display, April 6, 2023. Scott Mlyn | CNBC PLANO, Texas — Twenty-five years after introducing many Americans to hybrid vehicles with the Prius, Toyota Motor is targeting significant growth in plug-in hybrid electric vehicles, or PHEVs. Such cars can function as an all-electric vehicle for a certain number of miles before […]
Abercrombie & Fitch (ANF) Q1 2025 earnings
Shares of Abercrombie & Fitch soared Wednesday, even after the retailer slashed its profit outlook due to tariffs, which are expected to hit its business by $50 million. The company is now expecting full-year earnings per share to be between $9.50 and $10.50, down from a previous range of between $10.40 and $11.40. Analysts were […]
This unloved ‘Trump trade’ looks ready to pop — but the market hasn’t spotted it yet
Tariff pauses and deregulation are tailwinds for small-cap stocks.
E.l.f. Beauty to acquire Hailey Bieber brand Rhode in $1 billion deal
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company […]
J.D. Vance calls AI a ‘communist technology.’ Is there partisan bias in new tech tools?
The vice president warned crypto boosters to “keep tabs” on the artificial-intelligence industry.
The U.S. now has a third of the world’s millionaires and billionaires
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. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint […]
Yet another tariff pause boosts stocks — but Trump’s trade war is still coming for your money
Expect rising prices, summer shortages as tariffs hit the American economy.
Macy’s (M) Q1 2025 earnings
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations, as the retailer’s CEO said it will hike prices of certain items to offset tariffs. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” […]
‘We just don’t have the finances’: Reality TV stars Heidi Montag and Spencer Pratt say they can’t afford to rebuild home destroyed in L.A. fire
More than four months after the devastating California wildfires, the former reality TV stars are still living in a rental, and say they don’t have enough money to rebuild.
