Another drugmaker says tax reform, not tariffs, would drive U.S. manufacturing
AbbVie took a little shot at the Trump administration’s trade policy, as the drugmaker said Friday that rather than tariffs, tax reform is the key to boosting U.S. manufacturing.
Alaska Air (ALK) 1Q 2025 earnings
An Alaska Airlines Boeing 737 MAX 9 plane sits at a gate at Seattle-Tacoma International Airport on Jan. 6, 2024. Stephen Brashear| Bloomberg | Getty Images Alaska Airlines on Wednesday warned that softer travel demand will eat into earnings in the second quarter, the latest in a chorus of carriers seeing weaker-than-expected bookings. Alaska said […]
A cruel summer looms, but here’s why JPMorgan still expects a higher S&P 500 finish this year
The mood will improve later in 2025 as tariff angst eases, and focus turns to tax cuts and deregulation
As Trump targets nonprofits, wealthy donors wary of stepping up giving
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. Wealthy philanthropists are grappling with a new landscape for giving, as government cuts create more funding needs but political battles make […]
Hasbro China tariffs could cause up to $300 million impact
Hasbro board games are seen for sale at a Target store in Austin, Texas, on Dec. 12, 2023. Brandon Bell | Getty Images If President Donald Trump’s 145% levy against imports from China holds, Hasbro estimates it could see as much as a $300 million hit to its bottom line. The toy maker posted better-than-expected […]
Making iPhones has gotten complicated in tariff wars. Apple reportedly has a plan to stop some sourcing from China.
Apple is planning to redirect the production of its U.S.-sold iPhones from China to India, possibly by next year, the Financial Times reported on Friday
American liquor exports hit record high in 2024, driven by tariffs
FILE PHOTO: Workers package bottles of Jack Daniel’s Single Barrel Select Tennessee Whiskey at the company’s distillery in Lynchburg, Tennessee, U.S., on Tuesday, May 18, 2021. Luke Sharrett | Bloomberg | Getty Images U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes. […]
Pandemic-era shortages may return without trade-war deal with China, businesses warn
Prices for many imported consumer goods are likely to rise soon and shortages could even start to develop next month unless the White House reduces tariffs soon, especially punitive duties on China that go as high as 145%.
Pepsi, Chipotle, P&G cut earnings forecasts
A Chipotle store stands in the Bronx on April 23, 2025 in New York City. Spencer Platt | Getty Images From Procter & Gamble to Chipotle, consumer companies are slashing their forecasts, projecting that tariffs will weigh on their profits and put more pressure on an already shaky consumer. At least a dozen companies have […]
Democrats ask if the $1 billion in DOGE cost-cutting at Social Security has hurt recipients
Senators ask for the impact of staffing cuts and office closures on beneficiaries and benefits
