For those keeping score at home, that’s in addition to the $500 billion in domestic investments Apple announced earlier this year.
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The tariff threat come just a few days after the White House sent letters to major drugmakers demanding slashed prices for US patients.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
The reports made one thing clear: Big Tech’s big AI bet is already paying off — which explains why they can’t help but double down.
Economists anticipated a 2.5% rate, so the better-than-expected top line figure was obviously cause for celebration, right?
On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday.
The deal sets 15% baseline tariffs on EU goods and commits the bloc to buy billions of dollars worth of US energy and defense products.
In its fiscal year 2025 earnings call, the company said it projects new tariffs will saddle it with $1 billion in additional costs this year.
While 15% tariffs would be nothing to toast in normal times, it seems pretty good after Trump first threatened Japan with a 24% tariff rate.
Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.
Strategists from Allianz and Invesco are cautioning investors about market performance in the second half of the year.
The dollar is the most important currency on earth, adding up to 57.7% of global currency reserves in the first quarter.
China accounts for nearly two-thirds of raw material production and 90% of the manufacturing of rare earth magnets.
Financial plans are designed to weather economic uncertainty, but it can be hard for clients to remember that.
A planned 50% tariff on copper has left commodities markets roiling and analysts toiling with the idea consumers paying for higher prices.
Constellation, which specializes in Mexican brews, has been coping with canned-beer tariffs that started in April.