Business

President Donald Trump‘s tariffs are creating a divide in the medical community. Medical devices and protective gear made in China, Mexico and Canada were exempt from duties during the first Trump administration, but so far have not gotten a reprieve from his newest round of levies. While device makers who would take a big hit

Chicago Federal Reserve President Austan Goolsbee. Kate Rooney | CNBC Federal Reserve Bank of Chicago President Austan Goolsbee on Monday urged against reducing the central bank’s independence as President Donald Trump amped up criticism of Chair Jerome Powell. “The long run expectations that the Fed would get inflation back down to the 2% target were critically

U.S. President Donald Trump meets with El Salvador President Nayib Bukele (not pictured) in the Oval Office at the White House in Washington, D.C., U.S., April 14, 2025.  Kevin Lamarque | Reuters Wall Street banks just posted their biggest-ever haul from stock trading as the opening months of President Donald Trump‘s tenure led to upheavals

A Santander office building in London. Luke MacGregor | Bloomberg via Getty Images Spanish lender Banco Santander has eclipsed Swiss giant UBS as continental Europe’s largest bank by market capitalization, as U.S. tariffs ripple through the region’s bruised banking sector. UBS — whose share took a deep tumble after the April 2 announcement of U.S.

Shipping containers, including one of China Shipping, lie on flatbed railway cars as dock cranes stand behind at Hamburg Port on April 15, 2025 in Hamburg, Germany. Sean Gallup | Getty Images News | Getty Images U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by

Bill Ackman’s Pershing Square took a sizable stake in Hertz, the rental car company that exited from bankruptcy four years ago, sparking a big rally. Shares of Hertz surged 56% on Wednesday after a regulatory filing revealed Pershing Square had built a 4.1% position as of the end of 2024. Pershing has significantly increased the position

UnitedHealth Group‘s stock sank 20% on Thursday after the company slashed its annual profit forecast, citing higher-than-expected medical costs in its privately run Medicare plans.  Those bleak results from a health-care giant seen as the insurance industry’s bellwether could be a warning sign for other companies with so-called Medicare Advantage plans, according to some Wall

Katie Stockton thinks she has a viable option for investors trying to withstand wild market swings. She manages the Fairlead Tactical Sector ETF (TACK), which is designed to be nimble in times of market stress. It’s not tied to an index. “What we try to do is help investors leverage the upside through sector rotation, but

Harvard University’s Dunster House in Cambridge, Massachusetts. Blake Nissen for The Boston Globe via Getty Images Harvard’s brewing conflict with the Trump administration could come at a steep cost — even for the nation’s richest university. On April 14, Harvard University President Alan Garber announced the institution would not comply with the administration’s demands, including

Some investors accustomed to the dominance of U.S. stocks versus the rest of the world are making a stunning pivot toward international equities, fearing U.S. assets may have taken on more risk amid escalating trade tensions initiated by President Donald Trump. The S&P 500 sank more than 6% since Trump first announced his tariff plan, while the

Netflix co-CEO Ted Sarandos attends Netflix’s FYSEE event for “Squid Game” at Raleigh Studios Hollywood in Los Angeles, June 12, 2022. Charley Gallay | Getty Images Entertainment | Getty Images Netflix posted a major earnings beat Thursday, as revenue grew 13% during the first quarter of 2025. The streamer attributed its better-than-expected revenue to higher-than-forecast

Sign at the entrance to a Capital One bank branch in Manhattan. Erik Mcgregor | Lightrocket | Getty Images Capital One Financial‘s application to acquire Discover Financial Services in a $35.3 billion all-stock deal has officially been approved by the Federal Reserve and the Office of the Comptroller of the Currency, the regulators announced on Friday. “The Board

Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Edmonton, Alberta, Canada, on April 4, 2025. Artur Widak | Nurphoto | Getty Images Just across the U.S.-Canada border, some small businesses are taking tariffs personally. President Donald Trump has said his wide-sweeping tariffs, even on some of the country’s closest trade partners, will

Smart robotic arms work on the production line at the production workshop of Changqing Auto Parts Co., LTD., located in Anqing Economic Development Zone, Anhui Province, China, on March 13, 2025. (Photo by Costfoto/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images BEIJING — China missed several key targets from its 10-year plan to

Greg Peters, Co-CEO of Netflix, speaks at a keynote on the future of entertainment at Mobile World Congress 2023. Joan Cros | Nurphoto | Getty Images Netflix executives messaged Thursday that all is well with the business in the face of economic turbulence. But its full-year outlook tells a slightly more nuanced story. Netflix posted

American Express‘ affluent cardholders are showing few signs of curbing their spending, and younger customers drove growth in first-quarter transaction volumes, Chief Financial Officer Christophe Le Caillec told CNBC. Billed business on AmEx cards rose 6% in the period, or 7% when adjusted for the impact of the leap year, the company reported Thursday, which shows that

People walk past Target Store in Midtown Manhattan on March 6, 2025 in New York City, United States.  Mostafa Bassim | Anadolu | Getty Images Target CEO Brian Cornell will meet with the Rev. Al Sharpton this week in New York as the retailer faces calls for a boycott and a slowdown in foot traffic

U.S. President Donald Trump, left, and U.S. Federal Reserve Chair Jerome Powell. Win McNamee | Kevin Lamarque | Reuters President Donald Trump on Thursday again called for the Federal Reserve to lower rates and even hinted at the “termination” of Chair Jerome Powell. In a Truth Social post, Trump said: “The ECB is expected to cut

FILE PHOTO: The American flag flutters at a Nissan automobile dealership in Irvine, California, U.S., March 27, 2025.  Mike Blake | Reuters Nissan Motor’s new Americas leader said the automaker is aiming to “max out” production at its largest American production plant amid President Donald Trump’s 25% auto tariffs. Christian Meunier, who started as chairman

“Fast Money” trader Tim Seymour wants to help investors avoid common money traps that could leave them exposed to losses, particularly in a volatile market. He is out with a shortlist of four tips to deliver some peace of mind when things are going south. Tip No. 1: Don’t have more money in the market