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Dow futures tumble more than 500 points as China hits back at Trump’s tariffs: Live updates

by CNBC Markets | April 9, 2025 5:04 pm | US Markets

Stock futures were down sharply again on Wednesday after China announced retaliatory tariffs on U.S. goods in the latest escalation of global trade tensions.

Walmart pulls quarterly operating income forecast, citing Trump’s tariffs

by CNBC Markets | April 9, 2025 5:04 pm | US Markets

Walmart said it wants to maintain the ability to keep prices low, which could affect its profits.

Weekly mortgage demand jumped 20% last week, as tariff volatility briefly tanked rates

by CNBC Markets | April 9, 2025 5:04 pm | US Markets

Mortgage demand surged to the highest level since September as Trump’s tariff plans caused interest rates to drop. But those rates are now back up.

Delta CEO says Trump tariffs are hurting bookings as airline pulls 2025 forecast

by CNBC Markets | April 9, 2025 5:04 pm | US Markets

Delta said it couldn’t reaffirm its 2025 financial guidance.

Auto giants extend losses as Trump’s sweeping global tariffs take effect

by CNBC Markets | April 9, 2025 4:04 pm | US Markets

Europe’s auto giants slipped on Wednesday, extending recent losses as U.S. President Donald Trump’s sweeping tariffs on dozens of countries came into effect.

World’s first-ever global emissions tax is on the table at crunch shipping talks

by CNBC Markets | April 9, 2025 11:05 am | US Markets

Although far from a foregone conclusion, a robust pricing mechanism in the shipping sector would be considered one of the climate deals of the decade.

Trump’s reciprocal tariffs plan kicks in, China to see net total tariffs of 104%: Live updates

by CNBC Markets | April 9, 2025 10:01 am | US Markets

President Donald Trump’s tariffs are driving a wedge between his White House advisers, with just hours before massive new import duties come into force.

Trump’s new reciprocal tariffs take effect on imports from around the world

by CNBC Markets | April 9, 2025 10:01 am | US Markets

President Trump brushed off concerns about stock market declines after his tariffs were announced. “America is going to be very rich again very soon,” he said.

Stock futures fall as tariff fears cause a four-day S&P 500 rout of 12%: Live updates

by CNBC Markets | April 9, 2025 5:04 am | US Markets

A slate of tariffs from the Trump administration are set to take effect shortly after midnight Wednesday, including an expected 104% duty on China.

Judge says White House can’t ban AP from Oval Office, Air Force One

by CNBC Markets | April 9, 2025 3:03 am | US Markets

Associated Press journalists were blocked from events with President Trump after not reflecting his name change of the Gulf of Mexico to the Gulf of America

FDA guts division that trains staff and health-care professionals on key practices like opioid safety, avoiding drug errors

by CNBC Markets | April 9, 2025 3:03 am | US Markets

The FDA is losing a central resource for employees to go to for key training and professional development

Elon Musk ratchets up attacks on Navarro as Tesla shares slump for fourth day

by CNBC Markets | April 9, 2025 3:03 am | US Markets

With shares of Tesla plummeting on tariff concerns, CEO Elon Musk is taking to social media to slam top Trump trade advisor Peter Navarro.

Apple’s 4-day slide puts Microsoft back on top as most valuable public company

by CNBC Markets | April 9, 2025 2:02 am | US Markets

Among the tech megacap companies, Apple has been the hardest hit President Trump’s tariffs.

GM axing Cadillac XT6 crossover, extending production of another vehicle in Tennessee

by CNBC Markets | April 9, 2025 1:01 am | US Markets

GM is ending production this year of a gas-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility.

Mortgage rates slingshot higher as tariff uncertainty roils markets

by CNBC Markets | April 8, 2025 11:02 pm | US Markets

After falling sharply last week, mortgage rates rose again this week, wiping out any advantage to the spring housing market. Tariffs were behind the volatility.

Goldman Sachs believes Trump’s tariffs leave U.S. in an ‘event-driven’ bear market

by CNBC Markets | April 8, 2025 9:04 pm | US Markets

Tuesday’s rally notwithstanding, the investment bank’s assessment suggests stocks have a long way to go before they hit bottom.

Drone delivery startup Zipline expands to Texas with Walmart partnership

by CNBC Markets | April 8, 2025 7:04 pm | US Markets

Zipline expanded its drone deliveries with Walmart to the Dallas area on Tuesday.

Trump tariffs push major U.S. trade partners closer to China: Live updates

by CNBC Markets | April 8, 2025 5:05 pm | US Markets

President Donald Trump’s tariffs force Europe to seek closer ties with China, while at home, GOP donors and business groups make their opposition public.

Treasury Secretary Bessent says China’s escalation was ‘big mistake,’ country playing with ‘losing hand’

by CNBC Markets | April 8, 2025 5:05 pm | US Markets

Walgreens tops estimates as drugstore chain cuts costs, prepares to go private

by CNBC Markets | April 8, 2025 5:05 pm | US Markets

The company is in the process of being taken private by Sycamore Partners in a deal that is expected to close in the fourth quarter of this year.
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