DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump's 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive.The automotive data and advisory firm expects the levies to add thousands of dollars to...
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How much do stocks have to drop before trading is halted? The details on market ‘circuit breakers’
A trader works on the floor of the New York Stock Exchange (NYSE) at the opening bell in New York City, on April 7, 2025. Timothy A. Clary | Afp | Getty ImagesWhen stock prices and stock futures fall rapidly in a single session, exchanges implement halts in trading to allow...
JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy
JPMorgan Chase CEO Jamie Dimon said Monday that tariffs announced by President Donald Trump last week will likely boost prices on both domestic and imported goods, weighing down a U.S. economy that had already been slowing.Dimon, 69, addressed the tariff policy Trump announced on April 2 in his annual shareholder...
Medicare, Medicaid agency cuts jobs from minority health office, other divisions, as RFK Jr. guts U.S. health department
An aerial of the Centers for Medicare & Medicaid Services building on March 19, 2025 in Woodlawn, Maryland. Kayla Bartkowski | Getty ImagesThe Centers for Medicare & Medicaid Services has slashed jobs from its minority health office and other divisions, CNBC has learned, as Robert F. Kennedy Jr. upends the U.S....
SEC clarifies that most stablecoins are not securities
Stablecoin Tether and Circle's USDC dominate the market.Justin Tallis | Afp | Getty ImagesThe Securities and Exchange Commission issued a statement on Friday, clarifying that it does not deem certain stablecoins to be securities.Specifically, the agency's Division of Corporate Finance refers to stablecoins that are "designed to maintain a stable...