President Donald Trump speaks before signing executive orders in the Oval Office on March 6, 2025.Alex Wong | Getty ImagesPresident Donald Trump says that tariffs will make the U.S. “rich.” But those riches will likely be far less than the White House expects, economists said.The ultimate sum could have big ramifications for the U.S. economy, the nation’s debt and legislative negotiations over a tax-cut package, economists said.White House trade adviser Peter Navarro on Sunday estimated tariffs would raise about $600 billion a year and $6 trillion over a decade. Auto tariffs would add another $100 billion a year, he said…
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With President Donald Trump’s key tariff announcement looming, Morgan Stanley has ideas for how investors can better position their portfolios. Trump is expected to make major announcements related to trade policy on Wednesday. While the policy has not been officially unveiled as of Tuesday afternoon, the Washington Post reported that the president is considering a roughly 20% tariff on most imports. Uncertainty around the levies has sent markets into a tailspin. The S & P 500 dropped 4.6% in the first three months of 2025, marking its worst quarterly performance since 2022. Given this environment, Morgan Stanley screened for names…
Katie Stockton, Fairlead Strategies founder, talks what to expect from tech in Q2. Source link
Throughout March, President Donald Trump enacted a number of tariffs, including a 20% blanket tariff on imports from China, a 25% levy on goods from Canada and Mexico that the Trump administration says are not compliant with the United States-Mexico-Canada Agreement, and a 25% tariff on all imported aluminum and steel.Another round of tariffs with to-be-announced rates are expected to go into effect on April 2, and on March 30, Trump said those could include “all countries.” In recent weeks, though, the President has delayed some proposed tariffs or suggested he would be “flexible” on enforcement in certain cases.Tariffs can…
Jeremy Allaire, Co-Founder and CEO, Circle David A. Grogan | CNBCCircle, the company behind the USDC stablecoin, has filed for an initial public offering with the U.S. Securities and Exchange Commission.The S1 lays the groundwork for Circle’s long-anticipated entry into the public markets.While the filing does not yet disclose the number of shares or a price range, sources told Fortune that Circle plans to move forward with a public filing in late April and is targeting a market debut as early as June.JPMorgan Chase and Citi are reportedly serving as lead underwriters, and the company is seeking a valuation between $4…
It is Feb. 26, and “The Pat McAfee Show” is filming in Indianapolis the week of the NFL Scouting Combine. McAfee sits behind a desk. Before him is an arc of chairs, occupied by a few of what he describes as his “stooges” and a featured guest: Adam Schefter, ESPN’s NFL insider.Schefter’s presence and the 2025 NFL Scouting Combine logo behind the chairs seemingly portend the day’s subject matter. However, McAfee has a different topic on his mind.He teases the subject, asking Schefter: “Have you heard about Ole Miss?” One of his cohorts says, “There is a ménage à trois…
Charlotte Webb, who as a young woman helped code breakers decipher enemy signals at Britain’s top-secret Bletchley Park, died on Monday. She was 101.Her death was confirmed by the Women’s Royal Army Corps Association and by the Bletchley Park Trust.Ms. Webb, known as Betty, was 18 when she joined the Auxiliary Territorial Service, the women’s branch of the British Army, and was assigned to work at the base in Buckinghamshire where Bletchley Park was located. From 1941 to 1945, she helped in the decryption of German messages, and also worked on Japanese signals.In 2015, Ms. Webb was appointed as Member…
Investors seeking a portfolio hedge against ongoing tariff volatility should look no further than Alibaba, according to Joule Financial’s Quint Tatro. The firm’s founder and president joined CNBC’s ” Power Lunch ” on Tuesday to share his thoughts on the Chinese e-commerce giant, alongside a pair of other market movers. Here’s what he had to say. Alibaba Shares of Alibaba have surged more than 56% this year. Still, this recent rally doesn’t deter Tatro, who highlighted the name as a buy for its tariff-proof attributes. “Despite the runup that we’ve seen in Alibaba of late, we’re still a buyer here,…
President Donald Trump holds an executive order about tariffs increase, flanked by U.S. Commerce Secretary Howard Lutnick, in the Oval Office of the White House in Washington, D.C., U.S., February 13, 2025. Kevin Lamarque | ReutersFear of rising supply chain costs as a result of President Donald Trump’s new tariffs expected to be implemented Wednesday — “Liberation Day,” as Trump calls it — have small to medium-sized businesses turning down opportunities to expand their market share with too much economic uncertainty surrounding prices in the near future. On Tuesday, Trump said the tariffs plan is ready and the administration said the…
Alexander Ovechkin must come down, but the space beneath him expands with each leap. He bounces higher and higher — hanging in mid-air for several moments longer — as physics grapples with his ascent. The tiny trampoline creaks and bows to the graybeard captain of the Washington Capitals, until he slowly eases to short hops, finally committing to earth.It’s 90 minutes before the Eastern Conference-leading Capitals will attempt to become the first team to clinch a spot in the 2025 Stanley Cup playoffs. To everyone beyond the Capitals locker room, that accomplishment will be a sidenote.Soon, Ovechkin will become the greatest scorer…
