Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton’s first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in Fiorano Modenese, Italy.Ciancaphoto Studio | Getty Images Sport | Getty ImagesFerrari said Thursday it will raise prices by 10% on certain models after April 1 in response to new U.S. auto tariffs, adding up to $50,000 to the price of a typical Ferrari.The Maranello, Italy-based sports car maker said prices will remain unchanged for all cars imported before April 2. After that, the “commercial terms” for three of its model…
Author: usaeverydaylife
Several analysts on Wall Street see a clear winner emerging from President Donald Trump ‘s new auto tariff policy: Tesla . Trump announced on Wednesday that all cars not made in the U.S. would be slapped with a 25% tariff beginning next week. The news sent shares of major American car producers in diverging directions in Thursday’s trading as Wall Street analyzed who would be most and least hurt by the policy change. So far, multiple analysts see Elon Musk ‘s electric vehicle giant as a relative beneficiary given its domestic production. The stock rose more than 5%. Put simply:…
CNBC’s Jim Cramer blasted free trade agreements Thursday, reiterating his long-held views against the approach to trade policy that for decades has been embraced by the American business and finance communities. “I am pro-tariff, absolutely. I hate free trade,” Cramer said on “Squawk on the Street.” “I think it’s been an embarrassment for our country. It’s cost us fortunes. Everybody picks on us. There’s just no end to it.” Cramer’s comments came one day after President Donald Trump announced plans to impose a 25% tariff on automobiles and certain auto parts made outside the U.S. Next week, Trump also is…
CoreWeave CEO Michael Intrator appears on CNBC on July 17, 2024.CNBCNvidia is aiming to anchor CoreWeave’s initial public offering at $40 a share with a $250 million order, according to a person familiar with the matter.The company initially filed the offering at $47 to $55 per share. The source told CNBC’s Leslie Picker that CoreWeave is not planning on downsizing or refiling at this time.CoreWeave did not immediately respond to CNBC’s request for comment.Nvidia is already a significant customer of CoreWeave, which rents out remote access to computers based on Nvidia’s AI chips. The tech giant, which also owns about…
So much had been heaped on JuJu Watkins from the start — from the moment she set foot on USC’s campus, she was the one who would bring the program back to the mountaintop. This season, she was the player who would carry the star power in women’s college basketball in the wake of Caitlin Clark.It was a lot of weight on anyone’s shoulders, but she handled it well. She thrived under that responsibility and blossomed in the spotlight.But last weekend, the biggest star in women’s college basketball was carried away after collapsing to the court with a season-ending ACL…
The BBC said on Thursday that Turkey had deported a correspondent who was covering the antigovernment protests in the country, after he was detained and labeled “a threat to public order.”The broadcaster said in a statement that Mark Lowen, who had been in the country for several days, was taken from his hotel on Wednesday and held for 17 hours. He arrived in London on Thursday morning.“No journalist should face this kind of treatment simply for doing their job,” said Deborah Turness, the chief executive of BBC News, who described the detention and deportation as “an extremely troubling incident.”“We will…
The stocks that have led the market rally to record highs are still where investors should be, according to Piper Sandler. Heightened uncertainty from President Donald Trump ‘s new tariff policies , along with recent data points indicating a potentially softening economy, have riled markets in recent weeks. The S & P 500 , Nasdaq Composite and Dow Jones Industrial Average are all lower for the year. But going forward, Piper Sandler is optimistic that the bull market run will continue. In a Thursday note, Craig Johnson, the firm’s chief market technician, voiced his belief that the market hit an…
Robert F. Kennedy Jr., US secretary of Health and Human Services (HHS), during a cabinet meeting at the White House in Washington, DC, US, on Monday, March 24, 2025. Samuel Corum | Bloomberg | Getty ImagesHealth and Human Services Secretary Robert F. Kennedy Jr. plans to slash 10,000 full-time employees across different departments, as he works to reshape the nation’s federal health agencies, the department said Thursday.Those job cuts are in addition to about 10,000 employees who opted to leave HHS since President Donald Trump took office, through voluntary separation offers. Combined, they will lead to the federal health department shedding…
The White House’s protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander’s executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers.”Tariffs [are] a tax. It’s a tax on the consumer.” Ana Botín said in an interview with CNBC’s Karen Tso in Brussels on the sidelines of the 2025 IIF European Summit. “Ultimately, the economy will pay a price. There will be less growth and there will be more inflation, other things equal.”President Donald Trump has imposed — and at times suspended or revoked — a slew of tariffs on…
Traders work at the post where GameStop is traded on the floor at the New York Stock Exchange on June 12, 2024.Brendan McDermid | ReutersGameStop shares are set to give back much of Wednesday’s rally after the video game retailer announced plans to raise debt to buy bitcoin.The meme stock tumbled more than 7% in premarket trading Thursday, following an almost 12% rally the previous session. The reversal came after the video game chain announced plans to raise $1.3 billion through the sale of convertible senior notes due in 2030 to buy bitcoin.On Tuesday, the GameStop board unanimously approved a…
