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European stocks tank 6% at open as global tariff rout deepens

by CNBC Markets | April 7, 2025 1:05 pm | US Markets

European stocks are expected to begin the new trading week in negative territory.

Trump is losing the confidence of business leaders, billionaire investor Bill Ackman says

by CNBC Markets | April 7, 2025 9:04 am | US Markets

Bill Ackman said that America is heading towards a self-inflicted “economic nuclear winter” as a result of the President Donald Trump’s tariff policy rollout.

Dow futures fall 1,500 points Sunday as Trump tariff market rout escalates: Live updates

by CNBC Markets | April 7, 2025 4:08 am | US Markets

Trump posted on Saturday to Truth Social for people to “hang tough” and that this was an “economic revolution.”

Bitcoin drops Sunday evening as cryptocurrencies join global market rout

by CNBC Markets | April 7, 2025 3:08 am | US Markets

Last week, bitcoin bucked the broader market meltdown, holding above $80,000 and rising to end the week.

Billionaire investor Stanley Druckenmiller: ‘I do not support tariffs exceeding 10%’

by CNBC Markets | April 7, 2025 3:08 am | US Markets

Billionaire investor Stanley Druckenmiller made a rare post on the social media platform X on Sunday, reiterating his opposition to tariffs exceeding 10%.

Commerce Secretary Lutnick doesn’t back down in face of market sell-off: ‘The tariffs are coming’

by CNBC Markets | April 7, 2025 3:08 am | US Markets

Commerce Secretary Howard Lutnick said the Trump administration remains committed to implementing its reciprocal tariffs amid a global market sell-off.

Trump’s tariffs were expected to boost the dollar, but recession fears are dragging it down

by CNBC Markets | April 6, 2025 10:04 pm | US Markets

A key dollar index fell about 3% in the 24 hours surrounding Trump’s tariff announcement and is now back to pre-election levels.

Market crash not part of Trump’s strategy, says top White House economic advisor

by CNBC Markets | April 6, 2025 10:04 pm | US Markets

Despite a video shared by Trump on Truth Social stating a market crash was part of his economic strategy, Kevin Hassett refuted the claim on ABC’s “This Week.”

Treasury Secretary Scott Bessent says Americans looking to retire aren’t concerned about day-to-day markets, dismisses concerns about a potential recession

by CNBC Markets | April 6, 2025 8:13 pm | US Markets

Bessent’s comments come after President Donald Trump warned that the “economic revolution” won’t “be easy” in a social media post.

British carmaker Jaguar Land Rover pauses U.S. shipments over Trump tariffs

by CNBC Markets | April 6, 2025 4:17 pm | US Markets

Jaguar Land Rover, which is one of Britain’s biggest carmakers, described the U.S. as “an important market” for the firm’s luxury brands.

Meta debuts new Llama 4 models, but most powerful AI model is still to come

by CNBC Markets | April 6, 2025 2:03 am | US Markets

Meta has not yet released the biggest and most powerful Llama 4 model, which outperforms other AI models in its class.

‘Life-threatening, catastrophic, and potentially historic’ flash flooding persists in South and Midwest

by CNBC Markets | April 6, 2025 2:03 am | US Markets

At least nine people have been killed in powerful storms that have swept through the region in the past week.

Trump tariffs live updates: Top trade advisor Peter Navarro downplays the market sell-off, while Elon Musk slams his qualifications

by CNBC Markets | April 5, 2025 11:04 pm | US Markets

This is CNBC’s coverage of how U.S. trade partners, industries and employers respond to President Donald Trump’s historic tariffs.

Economists take issue with Trump’s tariff formula, arguing rate is inflated

by CNBC Markets | April 5, 2025 11:04 pm | US Markets

The formula the Trump administration used to calculate his tariffs is bewildering economists.

How Trump’s tariffs rollout turned into stock market mayhem

by CNBC Markets | April 5, 2025 6:03 pm | US Markets

What’s happened is something worse than the worst-case scenario.

Silicon Valley’s early return on Trump investment: Plunging valuations, delayed IPOs

by CNBC Markets | April 5, 2025 6:03 pm | US Markets

With the Nasdaq closing its worst week since the Covid pandemic and several tech companies delaying IPOs, Silicon Valley’s Trump bet is looking shaky.

Automakers seek ‘opportunity in the chaos’ of Trump’s tariffs

by CNBC Markets | April 5, 2025 6:03 pm | US Markets

Ford and Stellantis are offering employee-pricing programs, while Hyundai said it would not raise prices for at least two months to ease consumer concerns.

China says ‘market has spoken’ after Trump tariffs spark global stocks rout

by CNBC Markets | April 5, 2025 4:04 pm | US Markets

China’s Foreign Ministry on Saturday said “the market has spoken” following the U.S. imposition of sweeping new tariffs.

Microsoft AI chief Suleyman sees advantage in building models ‘3 or 6 months behind’

by CNBC Markets | April 5, 2025 6:04 am | US Markets

Training the top models in the world is very expensive and can duplicate previous work, said Mustafa Suleyman, CEO of artificial intelligence at Microsoft.

Trump drops Biden’s proposal for Medicare to cover obesity drugs like Wegovy and Zepbound

by CNBC Markets | April 5, 2025 4:03 am | US Markets

The Biden administration proposal would have significantly expanded access to obesity to millions of Americans but would have cost the government billions.
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