FILE PHOTO: Apple CEO Tim Cook escorts U.S. President Donald Trump as he tours Apple’s Mac Pro manufacturing plant with in Austin, Texas, U.S., November 20, 2019. Tom Brenner | ReutersThe once-solid relationship between President Donald Trump and Apple CEO Tim Cook is breaking down over the idea of a U.S.-made iPhone.Last week, Trump said he “had a little problem with Tim Cook,” and on Friday, he threatened to slap a 25% tariff on iPhones in a social media post.Trump is upset with Apple’s plan to source the majority of iPhones sold in the U.S. from its factory partners in…
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Chicago Federal Reserve President Austan Goolsbee said Friday that President Donald Trump’s latest tariff threats have complicated policy and likely put off changes to interest rates.In a CNBC interview, the central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will be on hold as it evaluates the ever-changing trade policy and how it impacts inflation and employment.”Everything’s always on the table. But I feel like the bar for me is a little higher for action in any direction while we’re waiting to get some clarity,” Goolsbee said on “Squawk Box” when…
Wedbush analyst Dan Ives pushed back on President Donald Trump’s Friday announcement of a special tariff on Apple iPhones. “We believe the concept of Apple producing iPhones in the [U.S.] is a fairy tale that is not feasible,” Ives wrote to clients in a Friday note. Trump said in a social media post that Apple will have to pay a tariff of “at least 25%” on iPhones made outside the U.S. Apple shares fell 3% as investors reacted to the shocking development of a specific tariff on a single company. AAPL 1D mountain Apple, 1-day Ives called Trump’s call to…
Treasury yields retreated on Friday after President Donald Trump ramped up trade tensions with Europe.The 30-year Treasury yield was down 3 basis points at 5.039%. The 10-year Treasury shed 5 basis points to 4.507%. The 2-year yield moved 5 basis points lower to 3.949%.One basis point is equivalent to 0.01%, and yields move inversely to prices.In a Truth Social post, Trump recommended “straight 50% Tariff on the European Union” after griping that negotiations with the bloc had stalled. He said the EU “has been very difficult to deal with,” adding that talks were going “nowhere.”Trump also said in a separate post that Apple…
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 federal judge blocked the Trump administration from sharply cutting jobs and reorganizing the structure of many major federal agencies The order issued late Thursday granted a preliminary injunction that pauses…
People walk in Trafalgar Square, London, on April 28, 2025.Adrien Fillon | Nurphoto | Getty ImagesIt’s been rare for a string of positive economic news to emerge out of the U.K. in 2025 — but this week in particular has given Britain three reasons to be optimistic.Data on Friday signaled unexpected positive momentum in the country’s economy, with retail sales rising by a much better-than-expected 1.2% in April, and GfK’s consumer confidence index showing an improvement in sentiment.Sterling gained 0.6% against the U.S. dollar after the figures were published on Friday, to trade at around $1.35. The combination of the two…
Samantha Mui, 34, is the founder of Thirsty Dumpling.Courtesy of Samantha MuiSamantha Mui has always been a bit of a rebel.Growing up, she knew she hated school but loved being creative and cooking. As a kid, she said, she played hooky by pretending to be sick so she could stay home and watch Julia Child or Martha Stewart on TV and “tinker” in the kitchen all day. Then, she’d clean it all up before her parents came home.”I really struggled in school, because I had a hard time paying attention in class … I was really rowdy and I was kind…
Cooling towers are seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. Aug. 13, 2024. Megan Varner | ReutersNuclear power stocks surged Friday on a report that President Donald Trump will sign executive orders to speed the construction of reactors and secure key materials for the industry.Advanced reactor companies Oklo and NuScale jumped about 8% premarket. Constellation Energy, the largest nuclear operator in the U.S., was up 2%. Cameco Corp., one of the biggest uranium miners in the world, rose more than 4%.Trump could sign the orders as early as Friday, sources familiar with the matter told Reuters.…
Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint, a…
FILE PHOTO: People walk on the Business School campus of Harvard University in Cambridge, Massachusetts, U.S., April 15, 2025. Faith Ninivaggi | ReutersHarvard University on Friday filed a lawsuit seeking to reverse the Trump administration’s ban on the private school enrolling international students over its purported tolerance of “anti-American, pro-terrorist agitators” on campus.The suit came a day after the Department of Homeland Security revoked Harvard’s ability to enroll foreign students under the F-1 visa program at the behest of Secretary Kristi Noem. DHS said Harvard was barred from enrolling future international students, and that current foreign students enrolled at the…
