Danish official says 30% tariffs on EU ‘completely unacceptable’ Danish Minister of European Affairs Marie Bjerre pictured on May 27, 2025 in Brussels, Belgium. Thierry Monasse | Getty Images Marie Bjerre, Denmark’s minister for European affairs, told CNBC that U.S. President Donald Trump’s plans to slap 30% tariffs on EU goods is “completely unacceptable.” “It…
A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled…
The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered company is…
Ritholtz Wealth Management CEO Josh Brown had good things to say about JPMorgan and Citigroup following the financial institutions’ earnings reports on Tuesday. Brown joined CNBC’s “Halftime Report” to discuss the two banks after both beat Wall Street estimates. Here’s what he had to say about each name: Citi While Brown said he doesn’t own…
Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. Brendan Mcdermid | Reuters Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $9.53 per share, according to LSEG Revenue: $13.47…
BlackRock shares fell Tuesday after the world’s largest asset manager reported mixed second-quarter earnings — presenting a buying opportunity for patient investors. Revenue in the second quarter rose 12.9% year over year to $5.42 billion, but missed the $5.46 billion estimate, according to LSEG. Adjusted earnings per share (EPS) of $12.05 topped expectations of $10.82,…
As Wall Street launches into earnings season, CNBC’s Jim Cramer bemoaned the difficulties of anticipating stock action and discussed Nvidia, Wells Fargo and BlackRock. “This is the ups and downs of earnings seasons for the pros that are so terrifying,” he said. “I felt glorious that I had nailed Nvidia. But you could have gagged…
Gold prices fell on Tuesday, retreating from near a four-week high, as a modest rise in the dollar weighed on the metal, although uncertainty over the U.S.-China trade agreement kept investors cautious and limited the bullion’s decline. Sven Hoppe | Picture Alliance | Getty Images Central banks are increasingly looking to bolster their gold reserves….
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the Nasdaq Composite posted a record close, aided by Nvidia, and what’s on the…
Professional fund managers might be getting a little too confident that this stock market rally has room to run, according to Bank of America. The bank’s monthly fund manager survey showed that professional investors are putting more and more cash to work, which could be a contrarian indicator and spell future trouble, investment strategist Michael…
