News

Trump Says Tariff Rate on Semiconductors Could Reach 300%. Nvidia and AMD Stocks Fall.

President Donald Trump indicated that tariffs on certain items could climb as high as 300% in a conversation with reporters ...

The clearest sign yet tariff inflation is hitting companies: Wholesale prices jumped the most in three years

The cost of wholesale goods and services — where rising inflation tends to show up first — in July posted the biggest ...

Goldman Sachs doubles down on tariff research that infuriated Trump, saying average Americans will bear two-thirds of the costs

We stand by the results of this study,” Goldman economist David Mericle told CNBC’s Squawk on the Street on Wednesday.

Nvidia Slips Amid Chip Tariff Talk. Big Funds Are Piling Into the Stock.

Nvidia looks likely to be largely range-bound ahead of its earnings on Aug. 27 but some heavyweight funds appear to be ...

U.S. shoppers fuel jewelry splurge despite tariff headwinds

U.S. shoppers are continuing to splurge on jewelry, even as economic headwinds weigh on consumer sentiment in Europe and ...

Trump tells Goldman Sachs to get new economist after tariff forecast

President Donald Trump called for Goldman Sachs CEO David Solomon to replace its chief economist after a prediction that ...

India's Modi vows to protect farmers, cuts tax, pushes self-reliance amid Trump tariff tensions

Indian Prime Minister Narendra Modi urged the country on Friday to move towards more self-reliance, manufacture everything ...

US inflation held steady as mild tariff hit offset by cheaper gas, food

U.S. inflation was unchanged in July as rising prices for some imported goods were balanced by falling gas and grocery prices ...

Applied Materials Stock Tumbles After Earnings. Tariff Risks Are Weighing.

Applied Materials stock dropped after it forecast a range of revenue for the current quarter well below Wall Street’s ...

Maine farmers and John Deere speak out against global tariff war

Ben Whatley and his family run Whatley Farm say farmers in Maine and across America are being hurt by President Trump's ...