Major Asian nations reacted sharply to U.S. President Donald Trump’s decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to close relations amid industry calls for retaliation. Japan said the move would have a “big impact” on the countries’ close bilateral ties, while China said […]
CNBC News
China, Japan, South Korea bristle over US steel, aluminum tariffs
Major Asian nations reacted sharply to U.S. President Donald Trump’s decision to impose tariffs on steel and aluminum imports on Friday, warning of damage to close relations amid industry calls for retaliation. Japan said the move would have a “big impact” on the countries’ close bilateral ties, while China said […]
California’s largest steel company worried it could be harmed by Trump’s tariffs
California’s largest steel company is worried it could be harmed by President Donald Trump‘s move to impose 25 percent tariffs on steel imports. California Steel Industries is the largest steel mill in the Western U.S. and relies largely on imported semi-finished steel, or so-called slabs, as a feedstock for its […]
North Korea’s Kim Jong Un invites Trump to hold talks, promises to halt nuclear tests: South Korea
South Korean envoys reportedly hand-delivered a letter on Thursday from North Korean leader Kim Jong Un to President Donald Trump calling for talks. Speaking from the White House, South Korea’s National Security Office head Chung Eui-yon described the contents of the letter saying the North Korean leader “expressed eagerness to […]
Cramer: Ride-sharing is killing car sales—and it’s only going to get worse
As much as CNBC’s Jim Cramer likes the state of the economy, he acknowledges that certain industries, like the auto space, deserve to be in decline. “Domestic auto sales have indeed peaked. The question is, why?” the “Mad Money” host said Thursday. “How come the automakers are struggling when the […]
Wynn Resorts settles with Universal Entertainment
Wynn Resorts said Thursday that it has settled with Universal Entertainment and Aruze USA. As part of the agreement, Wynn said it will pay $1.94 billion, the principal amount of the redemption note previously issued to Aruze. The company said it will pay an additional $463.6 million to settle matters […]
There’s a unique buying opportunity in one beaten area of the market, says market watcher
A more aggressive Federal Reserve this year could pull the reins on U.S. economic growth and turn the lights up on the utilities trade. “We have a unique opportunity here,” Larry McDonald, editor of the Bear Traps Report, told CNBC’s “Trading Nation” on Wednesday. The sudden passage of tax reform […]
Commerce Secretary Ross: Tariffs are ‘motivation’ for Canada, Mexico to make a ‘fair’ NAFTA deal
By exempting Mexico and Canada from new tariffs, President Donald Trump is hoping to incentivize those nations to strike a fair deal on the North American Free Trade Agreement, Commerce Secretary Wilbur Ross told CNBC on Thursday. “There’s no question that the action the president took today is a further […]
Which states and industries have the most jobs? A CareerBuilder survey breaks it down
Big states with multiple industries have been the fastest to recover from the Great Recession of of 2007-2009, while several small states are still recovering, Matthew Ferguson, chief executive officer of CareerBuilder, told CNBC. “Think about those two sets of states,” Ferguson said Thursday on “Power Lunch.” “Bigger states with […]
Trump to sign tariffs that exempt Canada and Mexico and leave door open to other countries
President Donald Trump, following through on one of his most controversial campaign promises, will sign two proclamations Thursday that implement tariffs on imported steel and aluminum but exempt Canada and Mexico. The president scheduled a ceremony at 3:30 p.m. ET in the White House’s Roosevelt Room, surrounded by workers who […]