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…
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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…
ChatGPT and DeepSeek AI apps on a user’s phone in Sopore, Jammu and Kashmir, India, on Feb. 5, 2025 Nasir Kachroo | Nurphoto | Getty ImagesThis report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyChina rocked markets earlier this year when its homegrown startup DeepSeek revealed a cheaper and more efficient artificial intelligence model.With India’s growth story and tech-savvy population increasingly getting the spotlight, how far is the country from churning…
With market uncertainty unlikely to dissipate in the short term, now is not a good time for investors to add to riskier positions, according to Kate Moore, chief investment officer at Citi Wealth. “Effectively, we don’t want to be adding to risk right now. If you have a portfolio that is fully invested, we’re going to sit tight and think about being a medium- and long-term investor. But if you have cash that you were looking to deploy, the uncertainty factor — whether it’s in bonds or in equities — is too great for us to have a really convicted…
Aggressive tariffs that President Donald Trump announced Wednesday will begin a “re-ordering” of global trade that will force other nations to open their doors to more American goods, Commerce Secretary Howard Lutnick said Thursday.Under an executive order the president signed, the U.S. will retaliate against duties imposed on American goods elsewhere.Lutnick, in a CNBC interview, said the moves will push countries to re-examine their policies and provide greater market access for U.S. products.”This is the reordering of fair trade,” he said on “Squawk Box.” “It’s about those non-tariff trade barriers. That’s what we are addressing.””I expect most countries to start…
Ford offers customers employee pricing amid tariff fearsThe Ford Motor Company Windsor Engine Plant is shown on April 1, 2025 in Windsor, Canada. Bill Pugliano | Getty Images News | Getty ImagesCiting a “changing economy” and its position as the the No. 1 U.S. producer of cars and trucks, Ford said it’s putting most of its vehicles on sale.The automaker is offering employee pricing to all U.S. customers from April 3 to June 2.The promotion excludes the some large vehicles like the Ford Raptor, the 2025 Expedition and Navigator SUVs and Super Duty trucks.”We understand that these are uncertain times for…
