Trump reportedly considering 25 percent tariff on foreign-made cars
Despite warnings from fellow Republicans and business leaders, White House advisors believe President Donald Trump has plans to impose a 25 percent tariff on roughly $200 billion in foreign-made cars this year, The Washington Post reported Wednesday, citing three people...
For US pot companies, Canada is the land of opportunity
Green Thumb Industries had a business plan, expertise and plenty of ambition to grow its marijuana business. What the Chicago-based company didn’t have was access to enough capital to make it all happen. So last month, the company with $20...
Mulvaney acknowledges he and Kudlow have been on the losing side of the tariffs argument with Trump
White House budget director Mick Mulvaney acknowledged Wednesday that when it comes to some of the key policy debates, he and other fiscal conservatives are often coming up on the short end. In a look behind the scenes of the...
Buy Tesla shares for the coming ‘step-function up’ in sales: Instinet
Tesla shares will rise as the electric car maker significantly ramps up its deliveries in the September quarter, according to Nomura Instinet. The firm reiterated its buy rating for Tesla shares, predicting the company will report third-quarter sales results above...
Wall Street bull says a near-term pullback is coming
The economy is booming, but one of Wall Street’s biggest bulls says a near-term pullback is coming. “History shows that, when the rate of change for the S&P is where it recently got to on this bump up, you have...
‘A storm is brewing’ in the US economy, says economist Diane Swonk
Even if there isn’t a full-blown trade war, the uncertainty surrounding tariffs can hurt the U.S. economy, economist Diane Swonk told CNBC on Tuesday. The tariffs, along with a strengthening dollar and rising rates, all undermine the competitiveness of manufacturers...
After-hours buzz: IRBT, T & more
Check out the companies making headlines after the bell: Shares of iRobot soared nearly 20 percent in after-hours trading. The technology company crushed analysts’ earnings expectations for its second quarter, posting 37 cents per share versus the 18 cents that...
Leon Cooperman on why Alphabet is the ‘biggest position’ in his hedge fund
Leon Cooperman, chairman and CEO of Omega Advisors, loves Google-parent Alphabet as an investment. Alphabet “is my biggest position,” Cooperman said Tuesday on CNBC’s “Halftime Report.” The company’s “growth is very impressive relative to the valuation … It is very...
Trade war bailout: Trump to offer $12 billion in emergency aid for farmers hurt by tariffs
The Trump administration plans to offer up to $12 billion in aid to farmers hit by tariffs on their goods, an emergency bailout intended to ease the pain caused by Trump’s escalating trade war in key electoral states, Secretary of...
Ahead of big GDP report, Trump says US has ‘best financial numbers on the planet’
With the release of second-quarter growth numbers just three days away, President Donald Trump is enthusiastic about growth, to say the least. While not mentioning the upcoming gross domestic product report from the Bureau of Economic Analysis, Trump indicated in...
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