Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.
‘Big Short’ investor Michael Burry piles into physical gold fund, making it his biggest bet
Burry, who now manages hedge fund Scion Asset Management, bought more than 440,000 units of the Sprott Physical Gold Trust (PHYS).
Bitcoin is having its best day since March following cooler April inflation reading
Bitcoin jumped with stocks on Wednesday after the April consumer price index showed inflation eased from the previous month.
Chart analysis signals the bull market has further to go with possible S&P 500 upside target of 6,100
Frank Cappelleri breaks down the S&P 500 and where the charts say it will go from here.
Warren Buffett downsized his Apple stake for tax reasons. Here’s what it means
The Oracle of Omaha, who paid over $5 billion in corporate taxes in 2023, believes the corporate tax rate could go higher soon to help plug the fiscal deficit.
Royal Mail owner IDS set to agree $4.4 bln Kretinsky takeover bid
Royal Mail-owner IDS is set to agree a £3.5 billion ($4.42 billion) takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer, the firm said.
Slovak PM Fico in ‘life-threatening’ condition after being shot; EU leaders decry ‘brutal attack’
Slovakia’s populist prime minister, Robert Fico, on Wednesday was shot multiple times in an assassination attempt that has sent shock waves across the Continent.
European markets move higher on U.S. inflation data; Burberry down 4.6%
European markets were higher Wednesday as global investors digested a cooler-than-expected U.S. inflation print.
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU’s economics chief says
“As far as Europe is concerned we need a more mature attitude in our trade,” EU economics head Paolo Gentiloni told CNBC.
CPI report shows inflation easing in April, with consumer prices still rising 3.4% from a year ago
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
