U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress,” at Capitol Hill in Washington, U.S., February 11, 2025. Craig Hudson | Reuters Federal Reserve Chair Jerome Powell asserted Tuesday that the central bank will not develop its own … Read more
Check out the companies making headlines in midday trading: Lattice Semiconductor — Shares surged more than 7% after the chipmaker beat consensus revenue estimates in the fourth quarter. Revenue of $117.4 million came above analysts’ calls for $117.1 million, according to LSEG. Coca-Cola — Shares gained more than 3% after the soda maker’s fourth-quarter results … Read more
Eric Trump during an interview with the PA news agency at Trump International Golf Links near Balmedie, Aberdeenshire. Jane Barlow – Pa Images | Pa Images | Getty Images Dominari Holdings shares shot up Tuesday after the holding company announced that President Donald Trump’s sons — Donald Trump Jr. and Eric Trump — have joined … Read more
Coca-Cola bottles are seen at a shop in Srinagar, Jammu and Kashmir, on Jan. 28, 2025. Firdous Nazir | Nurphoto | Getty Images Coca-Cola will shift more of its packaging from aluminum to plastic bottles if President Donald Trump implements his latest wave of tariffs, CEO James Quincey said Tuesday. “As it relates to our … Read more
A person fills up a fuel tank at a pay-at-the-pump gasoline station in Edmonton, on January 30, 2025, in Edmonton, AB, Canada. Artur Widak | Nurphoto | Getty Images President Donald Trump’s threatened tariffs on Canadian crude oil imports could raise gasoline prices for U.S. drivers if the levies are enacted next month, according to … Read more
While anxiety around the potential impact from President Donald Trump’s tariff plans looms large, manufacturing in the U.S. may still see growth this year, according to Wolfe Research. Under the surface, manufacturing already seems to be doing well, as the ISM Manufacturing Purchasing Managers’ Index hit 50.9% in January , marking the first time that … Read more
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Wall Street was mixed Tuesday as the market continued to digest the latest twists and turns in President Donald Trump ‘s trade tariffs, both implemented and threatened. Delivering his … Read more
UPS recently reported its earnings at the end of January, exceeding both earnings and revenue estimates. Alongside the report, the CEO announced a significant shift in strategy — cutting UPS’s shipping relationship with Amazon by up to 50%. The rationale behind this decision is to prioritize more profitable shipments over sheer volume, which has been … Read more
Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it’s building the electric F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT — President Donald Trump’s tariffs, both implemented and just threatened, are causing “chaos” for the U.S. automotive industry, according to Ford Motor CEO Jim Farley. The chief executive of … Read more
Rapper Ye, formerly known as Kanye West, performs onstage during a “Vultures 1” concert in Inglewood, California on March 14, 2024. Scott Dudelson | Getty Images Entertainment | Getty Images Shopify has taken down a site advertised by rapper Ye, formerly known as Kanye West, that sold swastika t-shirts. The rapper ran an advertisement on … Read more