MercadoLibre CEO Marcos GalperinCNBCThe CEO of Argentina’s MercadoLibre — often called the Amazon of Latin America — sees big opportunity for Latin America in the U.S.-China trade war.”If Latin America plays its cards well, I think could benefit from this volatility,” MercadoLibre CEO and founder Marcos Galperin told CNBC’s Robert Frank on the sidelines of Riverwood Capital Management’s LatAm Tech Forum in Miami.Galperin is Argentina’s richest person with an $8.7 billion fortune by Forbes’ estimate.Shares of MercadoLibre, an e-commerce and payments firm, have surged by nearly 30% this year, while Amazon, facing massive exposure to President Donald Trump’s wide-sweeping tariffs,…
Author: usaeverydaylife
Visitors look at the city skyline from a park in Kuala Lumpur on September 30, 2021. (Photo by Mohd RASFAN / AFP) (Photo by MOHD RASFAN/AFP via Getty Images)Mohd Rasfan | Afp | Getty ImagesEmerging markets have found themselves between a rock and a hard place amid an escalating trade war, seemingly forced to choose between China and the U.S. But there’s another way: they’re backing themselves.”Southeast Asian countries, including Malaysia, have to negotiate with the U.S. to come up with some sort of a soft-landing spot,” Ong Kian Ming, Malaysia’s former deputy minister of international trade and industry, told…
Now is the time to get bullish on Costco , according to Danielle Shay, vice president of options at Simpler Trading. Shay joined CNBC’s ” Power Lunch ” on Friday to offer her takes on the retailer, which she deems as the best stock from the 2025 CNBC Stock Draft , as well as what she considers to be the worst pick from the draft and the best name that wasn’t chosen. Here were her selections during the segment. Costco Costco, which was picked in the first round during the stock draft by reality TV star Austen Kroll, lost more…
More than three weeks after the calamitous April 2 “reciprocal tariffs” announcement threw the stock market into chaos, investors are trying to make sense of a world in which higher tariffs are likely here to stay — and one in which the U.S. may have lost its edge. Stocks have been stuck in a wide trading range since the start of the month. While the S & P 500 has risen from its recent lows, when it briefly entered a bear market on April 7, the market benchmark has failed to break through key resistance levels as investors await the…
A cartoon image of US President-elect Donald Trump holding a Bitcoin token to mark the cryptocurrency reaching over $100,000 displayed at a Coinhero store in Hong Kong, China, on in Hong Kong, China, on Thursday, Dec. 5, 2024. Justin Chin | Bloomberg | Getty ImagesWASHINGTON — President Donald Trump will have to wait another three months before he can start selling his meme coin.The $TRUMP token, which debuted in January just ahead of the president’s inauguration, was scheduled to begin unlocking a major tranche of insider-held tokens this month. But Trump token’s official X account said this week that all major…
Life at the bottom of the Pacific Ocean is slow, dark and quiet. Strange creatures glitter and glow. Oxygen seeps mysteriously from lumpy, metallic rocks. There is little to disturb these deep-ocean denizens.“There’s weird life down here,” said Bethany Orcutt, a geomicrobiologist at Bigelow Laboratory for Ocean Sciences. Research in the deep sea is incredibly difficult given the extreme conditions, and rare given the price tag.On Thursday, President Trump signed an executive order that aims to permit, for the first time, industrial mining of the seabed for minerals. Scientists have expressed deep reservations that mining could irreversibly harm these deep-sea…
High-quality stocks with solid dividend yields are a good way to hedge against the recent market turbulence, according to Bank of America. Among those are financial stocks , which have been seesawing along with the rest of the market amid trade tensions and concerns about the economy. Stocks moved higher this week but are still down since President Donald Trump announced his new tariffs on April 2. Reciprocal tariffs are now paused as Trump holds negotiations, but his unilateral 10% levy remains intact. The financial sector also rose this week, with the Financial Select SPDR Fund gaining about 3%. The…
Jonathan Raa | Nurphoto | Getty ImagesWASHINGTON — Senators Adam Schiff and Elizabeth Warren are warning that President Donald Trump’s private dinner with holders of his meme coin may constitute “pay to play” corruption, and are calling for an ethics investigation.The Democratic senators, from California and Massachusetts, respectively, sent a letter on Friday to the U.S. Office of Government Ethics, asking for a probe to determine if President Trump violated federal ethics rules by offering exclusive access to top investors in his $TRUMP coin.The letter pertains to a promotion, announced on the meme coin’s website on Wednesday, offering the top…
Chairman of the Securities and Exchange Commission (SEC) Paul Atkins looks on during his swearing-in ceremony, at the White House in Washington, D.C., U.S., April 22, 2025. Kevin Lamarque | ReutersWASHINGTON — SEC Chair Paul Atkins said on Friday that innovation in the crypto industry “has been stifled for the last several years,” and that changes are sorely needed.”The market itself seems to indicate that the current framework badly needs attention,” Atkins said at a roundtable held by the SEC’s recently launched Crypto Task Force.The half-day session at the SEC’s headquarters in Washington, D.C., is a notable event for Atkins,…
In an aerial view, Ford Broncos are seen for sale on a lot at a dealership on April 18, 2025 in Austin, Texas.Brandon Bell | Getty ImagesAt car dealerships across the country, consumers are rushing to buy new vehicles ahead of tariff-related price hikes. Some shoppers have also replaced iPhones early.Yet when it comes to other items, retailers aren’t seeing widespread stock-ups or huge waves of early purchases due to tariffs — or at least not yet. Instead, U.S. shoppers seem hesitant to spend and inclined to delay purchases rather than speed them up, according to consumer surveys by market…
