Ford Motor CEO Jim Farley speaks during a launch event for the 2025 Ford Expedition in Louisville, Kentucky, on April 30, 2025.Michael Wayland | CNBCLOUISVILLE, Ky. – President Donald Trump’s reprieve for automotive parts tariffs is helpful, but more changes are still needed to assist automakers and grow the U.S. auto industry, Ford Motor CEO Jim Farley said Wednesday.The new actions — which Trump signed into action via an executive order Tuesday — reimburse automakers for some U.S. parts and reduce the “stacking” of tariffs upon each other for the industry.Tuesday’s changes came after pleas from the automotive industry for…
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A lack of clarity on trade policy should motivate investors to target a portfolio of stocks with strong underlying business fundamentals, according to Piper Sandler. Much of the market loss spurred by President Donald Trump’s early April tariffs have been unwound – but traders remain sensitive to signs of a slowing economy, risks of a recession and potential trade deals. The three major U.S. stock indexes are each on track to finish the trading month lower, dripping on Wednesday after fresh data showed the U.S. economy contracted in the first quarter. “We believe the markets will continue to be volatile…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies fall along with broader markets after it was revealed that the U.S. economy contracted in the first quarter, largely due to a surge in imports ahead of President Trump’s tariffs. Plus, now that Donald Trump completed his first 100 days in office, we take a look at what has changed for crypto since he started his second term as president. Source link
Tesla CEO Elon Musk reacts while wearing a cap with the words “Gulf of America” as he attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., U.S., April 30, 2025. Evelyn Hockstein | ReutersDOGE chief Elon Musk claimed Wednesday that his federal workforce slashing initiative so far has saved $160 billion — far less than his original projections — as the mega-billionaire Tesla CEO gave a sort of farewell to President Donald Trump’s Cabinet.It’s “been an honor to work with your incredible Cabinet,” Musk told Trump at the White House on Wednesday.…
King Charles III said on Wednesday that his life with cancer had brought “into sharp focus the very best of humanity” as he expressed gratitude to medical staff and charities that work with cancer patients across Britain.His reflections, delivered in the form of a written message to guests attending a reception for cancer care charities at Buckingham Palace, opened a small window into his experiences as a patient, although he did not give any update on his condition.The king announced in February 2024 that he had received a diagnosis that he had an undisclosed form of cancer, and he has…
As the market continues to stabilize, it is creating a favorable backdrop for tech stocks like Zoom, which have been under pressure but are now showing signs of recovery. Zoom’s aggressive push into AI, highlighted by the rapid adoption of AI Companion 2.0, alongside strong enterprise growth and an attractive valuation, positions it as a compelling opportunity for a rally. With the stock exhibiting signs of a bearish to bullish trend reversal, this is an optimal setup to add bullish exposure. Trade Timing The timing for adding bullish exposure to ZM is ideal, as the stock has recently broken above…
Jim Cramer says don’t count Starbucks out — not with turnaround specialist Brian Niccol at the helm. Despite a bruising quarter for Starbucks and Wednesday’s 7% drop in shares, Jim is standing by the stock and the CEO, who is only roughly 7½ months on the job. “It’s Brian Niccol. He’s the best there is,” Jim said on “Squawk on the Street” on Wednesday, defending the Starbucks CEO after the company released a disappointing quarter the night before. “It was obviously a bad hand. People didn’t know how bad the hand was,” Jim explained, referring to the problems that Niccol…
President Donald Trump’s top trade advisor Peter Navarro said Wednesday that the White House is moving in “Trump time” as they negotiate a tariff deal with India, “which is to say, as fast as possible.””In Indian democracy, it’s got to go through the prime minister and the parliament, we can’t just do that, but we’re moving in Trump time, which is to say as fast as possible,” Navarro told CNBC’s ‘Squawk on the Street.’Navarro said that the trade deal with India is “close.” A day earlier, Treasury Secretary Scott Bessent said that Washington was closing in on a trade deal…
Nvidia CEO Jensen Huang said Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.”Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap.”We are very close,” he said. “Remember this is a longtime, infinite race.”Nvidia has become key to the world economy over the past few years as it makes the chips powering the majority of recent advanced AI applications. The company faces growing hurdles in the U.S., including tariffs…
Mark Zuckerberg, CEO of Meta Platforms, during the Meta Connect event in Menlo Park, California, on Sept. 25, 2024.David Paul Morris | Bloomberg | Getty ImagesMeta is set to report its first-quarter earnings on Wednesday, and investors will be looking for any signs that President Donald Trump’s tough China tariffs are affecting the company’s online ads business.Here is what analysts polled by LSEG are expecting:Earnings per share: $5.27 expectedRevenue: $41.39 billion expectedAnalysts expect Meta’s China-derived advertising business to feel the most pain from Trump’s tariffs. Online retailers such as Temu and Shein are slashing their U.S. ad spending, and China…
