India’s economy could take a multibillion dollar hit after President Donald Trump raised tariffs on Indian goods to 50% — one of the highest levies on any trading partner — over objections to the South Asian country’s oil trade with Russia.Trump had previously imposed tariffs of 25% on Indian goods due to the country’s high trade barriers.While only around 20% of India’s goods exports — or 2% of GDP — are U.S.-bound, certain sectors are disproportionately exposed. UBS estimates $8 billion worth of exports are most vulnerable, including gems and jewellery, apparel, textiles, and chemicals.The new tariffs are set to go into…
Author: usaeverydaylife
The General Motors headquarters inside the Renaissance Center in Detroit on April 15, 2024.Jeff Kowalsky | Bloomberg | Getty ImagesGeneral Motors and Hyundai Motor on Wednesday outlined plans to develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals.Four of the vehicles — a compact SUV/car/ pickup, and a mid-size pickup — are targeted at Central and South American markets and will support both internal combustion and hybrid powertrains.At full production scale, the companies expect to roll out at least 800,000 vehicles annually.The partnership will help GM compete against rising Chinese players in the…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
United Airlines planes at Denver International Airport in Denver, Colorado on Wednesday, July 2, 2025. Aaron Ontiveroz | Denver Post | Getty ImagesUnited Airlines on Wednesday said that it has suspended flights due to a tech issue, and anticipates additional flight delays in the evening.”Due to a technology issue, we are holding United mainline flights at their departure airports,” the airline said.The U.S. Federal Aviation Administration earlier said it issued a ground stop for United Airlines flights at several U.S. airports. Source link
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as Apple shares lifted the stock market Wednesday, and what’s on the radar for the next session. Apple CEO Tim Cook met with President Donald Trump at the White House on Wednesday evening . We’ll watch the stock closely on Thursday. There’s a lot to talk about, including Apple ‘s investment in the U.S. CNBC’s Kif Leswing reported that the…
Tom Rogers, fmr. NBC Cable president, joins ‘Fast Money’ to talk Disney’s stock falling after earnings. Source link
U.S. equity futures ticked up in early Asia hoursHere are the opening calls for the day Good morning from Singapore.Investors will be keeping a close watch on chip stocks following U.S. President Donald Trump’s vow to impose 100% tariffs on imported semiconductors and chips, unless they are made by companies “building in the United States.”Japan’s benchmark Nikkei 225 was set to open lower, with the futures contract in Chicago at 40,785 while its counterpart in Osaka last traded at 40,790, against the index’s last close of 40,794.86.Futures for Hong Kong’s Hang Seng index stood at 24,903, pointing to a weaker open compared with the…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports on Airbnb’s post-earnings reversal despite a Q2 beat, and Lyft’s drop after missing revenue estimates — with both companies facing competitive pressure and cautious outlooks. Source link
The Citi Strata Elite℠ Card is the bank’s newest addition to its Strata line of cards and its first premium card since the Citi Prestige® Card, which is no longer available to new applicants.The card comes with nearly $1,500 in value each year through perks like the $200 annual Splurge credit and a complimentary Priority Pass Select membership. Citi is also furthering its partnership with American Airlines and offering some AA-specific perks that frequent flyers will appreciate.CNBC Select dives into Citi’s newest premium option to see how it stacks up against a very competitive travel credit card landscape.SpotlightWith the Citi…
Check out the companies making headlines in after-hours trading: Duolingo — The maker of the language learning app surged about 14%. Duolingo said it sees third-quarter revenues in the range of $257 million to $261 million, while the LSEG consensus called for $253 million. The company also beat estimates on the top and bottom lines in the second quarter. E.l.f. Beauty — Shares of the cosmetics company lost more than 13% after E.l.f. said new tariffs on China imports are negatively affecting its profits , which were down 30% from the year-ago period. E.l.f. declined to provide a full-year revenue…
