Stocks skidded in afternoon trading after the White House signaled that President Trump on Wednesday would announce more tariffs, with the latest salvo targeting U.S. auto imports. The S&P 500 dropped 64 points, or 1.1%, to close at 5,712, the Dow Jones Industrial Average fell 0.3% and the Nasdaq Composite nosed down 2% as investors … Read more
Auto dealers face uncertainty as tariff hikes loom Auto dealers face uncertainty as tariff hikes loom 01:59 South Korean auto giant Hyundai on Monday announced a multibillion-dollar investment in the United States, including a new $5.8 billion steel plant. The plant, which will be based in Louisiana, will create 1,300 jobs in the U.S., Hyundai … Read more
Auto dealers face uncertainty as tariff hikes loom Auto dealers face uncertainty as tariff hikes loom 01:59 Stocks jumped in early trading Monday on reports that Trump administration tariffs set to take effect on April 2 could be narrower than previously expected. The S&P 500 rose 81 points, or 1.4%, to 5,749 as of 10:14 … Read more
Los Angeles — With a 25% tariff on imported vehicles and vehicle parts from Canada and Mexico set to take effect on April 2 as part of President Trump’s trade wars, car shoppers are unsure about whether to buy now or risk facing higher prices later. Even after 20 years of selling cars, general manager … Read more
Mar 13: CBS News 24/7, 1pm ET – CBS News Watch CBS News Trump threatens 200% tariff on EU alcohol in response to American whiskey tariff; Protesters arrested after storming Trump Tower over arrest of Mahmoud Khalil. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now … Read more
For President Trump, the barrage of tariffs the U.S. is ready to unleash on the country’s largest trading partners on April 2 amounts to “Liberation Day,” as he described the trade measures Thursday on social media. To the Federal Reserve, as Chair Jerome Powell relayed on Wednesday, tariffs are a broadside on economic growth. Where … Read more
Mar 11: CBS News 24/7, 1pm ET – CBS News Watch CBS News China and Canada impose retaliatory tariffs on U.S. goods; Transgender Army major sees support from peers. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On
Previewing the Fed’s interest rate decision Previewing the Fed’s interest rate decision 03:42 The Federal Reserve held its benchmark interest rate steady on Wednesday, with investors now waiting to hear from Chair Jerome Powell for further clues on the direction of monetary policy and the state of the U.S. economy. “Uncertainty around the economic outlook … Read more
Mar 10: CBS News 24/7, 1pm ET – CBS News Watch CBS News President Trump hints at more tariffs ahead as concerns grow over possible recession; U.S. tanker collides with a cargo ship off of U.K. coast. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now … Read more
How to stay ahead amid inflation, market volatility How to stay ahead amid inflation, market volatility 02:48 Investors are bailing out of U.S. stocks — big time. A new survey from Bank of America shows that global fund managers are moving out of domestic companies in what analysts at the financial giant describe as the … Read more