Stock futures are jumping after a federal court late Wednesday froze most of the tariffs the Trump administration has imposed on U.S. trading partners. The U.S. Court of International Trade ruled President Trump had overstepped his legal authority in assessing a 10% levy in an April 2 barrage of tariffs he referred to as “Liberation […]
Trump was asked about the “TACO” trade and called it a “nasty question.” Here’s what it means.
A new acronym is popping up on Wall Street to explain investors’ reaction to President Trump’s on-again, off-again tariffs: TACO. Coined by Financial Times journalist Robert Armstrong in a May 2 column, the tongue-in-cheek term stands for “Trump Always Chickens Out.” That phrase is meant to describe a pattern of stocks plunging when the Trump administration […]
Stock market sinks after Target reports sales drop
Stocks are slumping amid signs of slowing consumer spending and investor concerns about the U.S. fiscal outlook. Target, one of the nation’s largest retailers, on Wednesday reported weaker sales for the first quarter and warned of a potential downdraft over the rest of the year as Americans react to U.S. tariffs by pulling back on […]
Trump warns Walmart against raising prices, saying they should
Trump warns Walmart against raising prices, saying they should “eat the tariffs” – CBS News Watch CBS News President Trump warned Walmart against raising prices on Saturday, telling the nation’s biggest retailer and grocer to “eat the tariffs.” His post comes two days after Walmart’s CEO said prices could rise amid Mr. Trump’s trade war […]
Apr 7: CBS News 24/7, 10am ET
Apr 7: CBS News 24/7, 10am ET – CBS News Watch CBS News Stocks on Wall Street down after market open amid tariff anxiety; Alex Ovechkin breaks Wayne Gretzky’s NHL goals record with 895th of his career. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now […]
Stock market futures soar after U.S. and China suspend tariffs for 90 days
Stock futures soared after the U.S. and China on Monday announced a truce in their trade war by agreeing to suspend steep tariffs for 90 days. The U.S. reduced its levies on Chinese imports to 30% from as high as 145%, while China cut its tariffs on American goods to 10% from 125%. The agreement followed a […]
Trillions in sales for S&P 500 companies at stake as US-China talks begin
U.S. equity investors will be watching closely as trade talks kick off between the Trump administration and China, with trillions of dollars hanging in the balance for American companies. The average member of the S&P 500 made 6.1% of its revenue from selling goods in China or to Chinese companies in 2024, according to an […]
Stock market treads water as Wall Street awaits key weekend meeting between U.S. and China
Investors remained cautious Friday as they wait to see if the Trump administration’s efforts to cool trade tensions with key U.S. economic partners will bear fruit. Both the S&P 500 and tech-heavy Nasdaq Composite were roughly flat on Friday, while the Dow Jones Industrial Average fell 119 points, or 0.3%, to 41,249. Although stocks have […]