King Penguins contemplating the snow on Heard Island, Antarctica. Vw Pics | Universal Images Group | Getty ImagesU.S. President Donald Trump’s aggressive and far-reaching “reciprocal tariffs” were signed into effect on Wednesday, hitting over 180 countries, ranging from major trading partners to remote islands.The newly elected White House leader unveiled a raft of levies on April 2, marking the date as “liberation day,” and set a baseline tariff of 10% on goods imported to the U.S. across the board.Key trade partners absorbed some of the steepest tariff rates from 34% on China, 20% on the European Union, 46% on Vietnam, and…
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CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai, and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th U.S. president in the U.S. Capitol Rotunda in Washington, Jan. 20, 2025.Saul Loeb | Via ReutersTechnology stocks plummeted Thursday after President Donald Trump’s new tariff policies sparked widespread market panic.Apple led the declines among the so-called “Magnificent Seven” group, dropping nearly 9%. The iPhone maker makes its devices in China and other Asian countries. The stock is on pace for its steepest drop…
If you are reading this, you likely know who Paige Bueckers is. Maybe you are also familiar with Lauren Betts, Maddie Booker and MiLaysia Fulwiley.But Meg Aronowitz, a senior vice president of production for ESPN and the company’s point person for its women’s basketball coverage, cannot afford to make a similar supposition. When the women’s Final Four games air on Friday (7 p.m. ET and 9:30 p.m. ET), she and her ESPN colleagues have to cater, at least in part, to the casual viewer who might watch only one or two women’s basketball games each year.“This is the part of…
Following days of silence after he was accused of bullying and harassment, Prince Harry said on Thursday that he welcomed an announcement that the bitter dispute at the charity he co-founded is to be examined by the Charity Commission, an independent watchdog that regulates charities in England and Wales.The charity, Sentebale, has been engulfed in a public relations crisis since last week, when Harry and his co-founder, Prince Seeiso of Lesotho, announced they were resigning as patrons in solidarity with five trustees over a damaging rift with the chair of the board, Sophie Chandauka.Ms. Chandauka has since gone on television…
Widely-followed value investor Bill Nygren said Thursday the market turmoil brought on by the Trump administration’s aggressive tariffs creates an “unusual” opportunity for bargain-hunting. “I don’t think the tariff news is welcome news for investors because of the uncertainty it creates, but at Oakmark, we always try to look out long term,” Nygren said on CNBC’s ” Squawk Box .” “We try to estimate what a company might be worth five to seven years from now, and then we look for opportunities to buy at a large discount to that. And I think today’s market does give us that kind…
Employees of the Department of Health and Human Services (HHS) hug each other as they queue outside the Mary E. Switzer Memorial Building, after it was reported that the Trump administration fired staff at the Centers for Disease Control and Prevention and at the Food and Drug Administration, as it embarked on its plan to cut 10,000 jobs at HHS, in Washington, D.C., U.S., April 1, 2025. Kevin Lamarque | ReutersA surge in federal government job cuts contributed to a near record-setting pace for announced layoffs in March, exceeded only by when the country shut down in 2020 for the Covid…
U.S. President Donald Trump delivers remarks on tariffs in the Rose Garden at the White House in Washington, D.C., on April 2, 2025.Leah Millis | ReutersPresident Donald Trump on Wednesday laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy.Trump and the White House shared a series of charts on social media detailing the tariff rates they say other countries impose on the U.S. Those purported rates include the countries’ “Currency Manipulation and Trade Barriers.”An adjacent column shows the new U.S. tariff rates on…
The Stellantis Windsor Assembly Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty ImagesDETROIT — Stellantis is pausing production at two assembly plants in Canada and Mexico as the company attempts to navigate President Donald Trump’s new round of 25% automotive tariffs that took effect Thursday.The downtime includes two weeks at the automaker’s Windsor Assembly Plant in Ontario, Canada, and the entire month of April at its Toluca Assembly Plant in Mexico. Both start Monday.The actions will result in temporary layoffs of roughly 900-U.S. represented employees at supporting plants in addition to roughly 4,500 hourly workers…
Harun Ozalp | Anadolu | Getty ImagesBitcoin and other cryptocurrencies were under pressure Thursday after President Donald Trump’s big tariffs reveal jolted the stock market.The price of the flagship cryptocurrency was last lower by 4% at $82,413.22, according to Coin Metrics. Ether fell 7% and the token tied to Solana dropped 13%. Meanwhile, stocks cratered, with the broad market S&P 500 on track for its worst day since September 2022. Shares of Coinbase and MicroStrategy lost more than 7% each.Investors were rattled after Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, intensifying fears of a…
One of the four head coaches left working in the men’s NCAA Tournament will win his first national championship Monday night. It could be Houston’s Kelvin Sampson in his 36th season of running a program at age 69. It could be Duke’s Jon Scheyer in his third at age 37.Auburn’s Bruce Pearl is on the Sampson side of things — 30th year as a head coach, 65 years old. Florida’s Todd Golden is just getting going, like Scheyer — sixth year as a head coach, 39 years old. It’s difficult to compare the quality of work of careers that are…
