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European markets set to jump at the open after historic U.S. rally as Trump temporarily reduces tariffs

by CNBC Markets | April 10, 2025 12:01 pm | US Markets

In a sharp reversal, Trump shocked markets Wednesday when he reduced tariffs on imports from most U.S. trade partners to 10% for 90 days.

Amazon delays first Kuiper internet satellite launch due to bad weather

by CNBC Markets | April 10, 2025 7:04 am | US Markets

Amazon has been working on Kuiper for six years, planning to build a constellation of broadband internet satellites.

OpenAI says Musk has run ‘unlawful campaign of harassment’ against company in lawsuit

by CNBC Markets | April 10, 2025 7:04 am | US Markets

OpenAI said in a lawsuit that Elon Musk made a “sham” attempt to buy the company, and asked a federal district court to stop him from further attacks.

Modelo owner Constellation Brands outlook disappoints as tariffs weigh on forecast

by CNBC Markets | April 10, 2025 3:04 am | US Markets

Modelo and Corona owner Constellation Brands beat quarterly earnings and revenue estimates, but its outlook took a hit from U.S. tariffs on most of its beer.

Apple has best day since 1998 on Trump’s 90-day tariff pause

by CNBC Markets | April 10, 2025 3:04 am | US Markets

Apple shares soared 15% on Wednesday, their seventh-best day on record.

Dot-com bust, 1987 crash had massive relief rallies similar to Wednesday’s pop

by CNBC Markets | April 10, 2025 2:03 am | US Markets

The Nasdaq had its second-best day on record on Wednesday, the kind of rally the market only sees during the worst of times.

Amazon Kuiper launches first satellites to take on SpaceX’s Starlink, capitalize on anti-Musk fervor

by CNBC Markets | April 10, 2025 12:04 am | US Markets

Amazon has spent six years on Project Kuiper, its $10-billion-plus effort to take on Elon Musk’s Starlink.

Anthropic steps up competition with OpenAI, rolls out $200 per month subscription

by CNBC Markets | April 9, 2025 11:04 pm | US Markets

Anthropic on Wednesday introduced Claude’s Max plan, a new subscription tier for its viral chatbot and ChatGPT competitor.

Pharmaceutical stocks fall as Trump doubles down on tariffs threat

by CNBC Markets | April 9, 2025 10:04 pm | US Markets

Trump on Tuesday said his administration will be announcing a “major” tariff on pharmaceuticals “very shortly.”

Here’s how China could crush the U.S. housing market

by CNBC Markets | April 9, 2025 10:04 pm | US Markets

China is one of largest owners of U.S. mortgages. There is growing concern that in retaliation for tariffs the country could sell them, causing rates to rise.

Goldman Sachs says to brace for a bigger stock drawdown, wider credit spreads and recession

by CNBC Markets | April 9, 2025 8:04 pm | US Markets

The firm’s economists will ‘likely move’ to a recession as their base case scenario if the tariffs are implemented as Trump has promised.

Canada’s 25% auto tariffs are in effect. Here’s how they differ from the U.S.

by CNBC Markets | April 9, 2025 7:04 pm | US Markets

Canada’s 25% auto tariffs took effect Wednesday, but the new levies differ in many ways from those implemented last week by President Donald Trump.

Trump’s tariffs launch a global trade war with no clear off-ramp: Live updates

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

President Donald Trump’s tariffs are drawing swift retaliation from China, Canada and the European Union, deepening the global trade crisis.

Jamie Dimon says a recession is ‘likely outcome’ from Trump’s tariff turmoil

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

Bonds crater, 10-year yield spikes briefly above 4.5% in confounding move that’s worrying Wall Street

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

U.S. Treasury yields surged Wednesday as U.S. President Donald Trump’s tariffs regime continued to rattle markets.

Walmart scraps quarterly operating income forecast, citing Trump’s tariffs

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

Walmart said it wants to maintain the ability to keep prices low, which could affect its profits.

Stay away from Ford Motor shares as tariff uncertainty increases, Bernstein says

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

The firm lowered its rating on the legacy carmaker to underperform from market perform.

Google will let companies run its Gemini AI models in their own data centers

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

While developers of AI models have generally refrained from opening up access beyond their data centers, Google’s announcement suggests that may be changing.

Inside Isomorphic Labs, the secretive AI life sciences startup spun off from Google DeepMind

by CNBC Markets | April 9, 2025 6:04 pm | US Markets

Isomorphic Labs is the secretive AI life sciences startup spun out of Google DeepMind with the goal of solving all disease with AI-powered drug discovery.

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump

by CNBC Markets | April 9, 2025 5:04 pm | US Markets

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