Latest news with #USconsumers
CNN
07-08-2025
- Politics
- CNN
New US tariffs are now in place
New US tariffs are now in place A new wave of tariffs on exports to the US have come into effect. CNN's Marc Stewart explains the latest and what they mean for US consumers. 01:39 - Source: CNN Vertical Top News 11 videos New US tariffs are now in place A new wave of tariffs on exports to the US have come into effect. CNN's Marc Stewart explains the latest and what they mean for US consumers. 01:39 - Source: CNN Apple CEO gifts Trump plaque with 24K gold base Apple CEO Tim Cook gifted President Donald Trump a plaque made of glass manufactured in Corning's Harrodsburg, Kentucky, which he announced would be the cover glass on all iPhones and Apple Watches soon. 01:01 - Source: CNN Suspected Fort Stewart shooter identified The man suspected of opening fire at Fort Stewart has been identified as Quornelius Radford, according to Brig. Gen. John Lubas, the commanding general of the 3rd Infantry Division. The suspect is alive and in custody, a law enforcement official told CNN. 01:09 - Source: CNN US special envoy Witkoff meets Putin in Russia US special envoy Steve Witkoff met with Russian President Vladimir Putin on Wednesday, as President Donald Trump threatened to impose punishing new sanctions on Russia. The meeting, which lasted around 3 hours, was described as 'constructive and useful' by Kremlin aide Yuri Ushakov, according to Russian state media TASS. CNN's Frederik Pleitgen reports. 01:49 - Source: CNN Texas Democratic lawmaker responds after Abbott tries to remove him from office Texas Gov. Greg Abbott (R) asked the state Supreme Court to remove Rep. Gene Wu (D) from office. Wu is one of 50 quorum-breaking Democratic House members who fled the state to forestall a vote on new congressional maps, and he responded to Abbott's move on AC360. 00:38 - Source: CNN Trump asked if he knew about Maxwell's prison transfer President Donald Trump told CNN's Kaitlan Collins he wasn't aware of Ghislaine Maxwell's prison transfer, and praised Deputy Attorney General Todd Blanche when asked if he thought Ghislaine Maxwell is a credible witness. 01:46 - Source: CNN Texas lawmaker says he's willing to risk arrest or fines Texas state Rep. Ramón Romero said that he is willing to be arrested after he and other Democratic lawmakers left the state to block GOP redistricting efforts. The Texas House speaker said he signed civil arrest warrants for absent Democrats, and the governor ordered state officials to arrest them. But legal experts say the warrants are likely unenforceable outside state lines. 00:39 - Source: CNN Suspect arrested in Tennessee killings case The suspect in the killings of four relatives of a baby found abandoned last week has been arrested after a weeklong manhunt across rural Tennessee, according to police in Jackson. 00:49 - Source: CNN US Coast Guard releases new report on Titan submersible implosion The implosion of OceanGate's Titan submersible, which killed five people in 2023, was a preventable tragedy caused by OceanGate's failure to follow safety protocols and a toxic workplace culture, according to a report released by the US Coast Guard Marine Board of Investigation. 01:07 - Source: CNN GOP congressman met with boos and jeers at town hall Rep. Mike Flood (R-NE) was met with boos and jeers after his answer about funding for migrant detention facilities and ICE during a town hall in Lincoln, Nebraska. 01:43 - Source: CNN
CNN
01-08-2025
- Business
- CNN
Three things to know about Trump's new tariffs
Three things to know about Trump's new tariffs President Trump has announced a slew of new tariffs on America's trading partners. But what does that really mean for US consumers, and America's relationships with its allies? And will these new measures be implemented at all? CNN's Anna Cooban explains. 01:34 - Source: CNN Vertical Top News 17 videos Three things to know about Trump's new tariffs President Trump has announced a slew of new tariffs on America's trading partners. But what does that really mean for US consumers, and America's relationships with its allies? And will these new measures be implemented at all? CNN's Anna Cooban explains. 01:34 - Source: CNN Storms drop dangerous, flooding rain Dangerous torrential rainfall and flash flooding are underway in the mid-Atlantic and Northeast Thursday with millions at risk along the Interstate 95 corridor, with video already showing cars stranded submerged under water along the Clearview Expressway in Queens. 00:37 - Source: CNN Bombshell admission in helicopter crash investigation NTSB hearings to figure out what caused a deadly mid-air collision on January 29th between an Army helicopter and a commercial flight are underway. CNN's Pete Muntean reports on one of the significant revelations from the hearing. 00:54 - Source: CNN Trump's tariff deadline looms over world economy President Trump's self-imposed midnight deadline is rapidly approaching for countries to strike a trade framework with the United States or face significantly higher tariffs. In a new development today, President Donald Trump announced a 90-day pause on higher tariffs on Mexico. 01:26 - Source: CNN Dozens injured on Delta flight Severe turbulence struck a Delta flight from Salt Lake City to Amsterdam Wednesday, causing service carts and unbelted passengers to hit the ceiling and forcing an emergency landing in Minnesota, where 25 people on board were taken to hospitals. 01:01 - Source: CNN Arrest made in Arkansas hiking murders A man has been arrested in connection with the deaths of a married couple attacked and killed while hiking with their two young daughters at a state park in the Ozark Mountains, according to the Arkansas State Police. 00:45 - Source: CNN US diminished a key weapons stockpile fighting Iran The US used about a quarter of its supply of high-end missile interceptors during the Israel-Iran war, exposing a gap in supplies, and raising concerns about US global security posture. CNN's Tamara Qiblawi reports. 01:35 - Source: CNN Pilot safe after navy fighter jet crash A US Navy F-35 fighter jet crashed in central California, according to the Navy. The pilot ejected safely, and the cause of the crash is under investigation. 00:41 - Source: CNN Carney says Canada will recognize Palestinian state Canadian Prime Minister Mark Carney has joined France and Britain in announcing plans to recognize a Palestinian state in September at the United Nations, as international pressure builds on Israel over the ongoing war and starvation crisis in Gaza. President Donald Trump reacted to the announcement by threatening to derail trade talks with Canada. 00:30 - Source: CNN Jury finds James Craig guilty of first-degree murder A jury has found Colorado dentist James Craig guilty of all charges in the March 2023 death of his wife Angela, including murder in the first degree. He now faces life in prison without the possibility of parole. 02:38 - Source: CNN How an earthquake causes a tsunami A massive 8.8 magnitude earthquake that struck off Russia's east coast is tied for the sixth strongest ever recorded. Tsunami warnings were issued across the Pacific. CNN Meteorologist Chris Warren explains how an earthquake turns into a tsunami. 01:16 - Source: CNN Police release new images of the gun used in the Midtown Manhattan shooting Photos released by the New York City Police Department show the assault-style rifle 27-year-old Shane Devon Tamura used to fatally shoot four people – including a police officer – and wound one before killing himself in Midtown Manhattan. 00:52 - Source: CNN 8.8 magnitude earthquake has effects across the globe An 8.8 magnitude earthquake in Russia's Far East raised tsunami alerts in Japan, Alaska, Hawaii and along the US West Coast. The tsunami warning for the state of Hawaii has been downgraded to an advisory. Authorities continue to monitor conditions and urge returning residents to remain vigilant. This quake is tied for the sixth strongest ever recorded. 00:39 - Source: CNN Tsunami warnings triggered after major earthquake The strongest earthquake on the planet since 2011 has triggered tsunami warnings for parts of Russia, Japan, and Alaska, as well as all of Hawaii. CNN's Will Ripley reports on the 8.8-magnitude quake. 00:41 - Source: CNN Delta announces generative AI ticketing CNN Business editor-at-large Richard Quest breaks down Delta's announcement that the airline will deploy large-scale, advanced artificial intelligence towards ticket pricing — and what that means for the price of your next flight. 01:31 - Source: CNN Therapist treating Epstein victims says Trump's language 'dehumanizes' CNN's John Berman speaks with Randee Kogan, a therapist for victims of Jeffrey Epstein, about President Donald Trump saying Epstein "stole people that worked for me" and possibly pardoning Epstein accomplice Ghislaine Maxwell. 01:12 - Source: CNN Ghislaine Maxwell's attorneys lay out conditions to be met before she gives testimony to Congress Jeffrey Epstein accomplice Ghislaine Maxwell has offered to testify before Congress, but with major conditions, including immunity. CNN's Kaitlan Collins breaks down the list of demands sent to the House Oversight Committee by her attorneys. 01:20 - Source: CNN
Bloomberg
01-08-2025
- Business
- Bloomberg
How Trump Let $1 Trillion Worth of Imports Escape His Tariff Hammer
Exclusions reflect conflicting goals: to rip up the rules of global trade while cushioning US consumers. But the process isn't transparent, and not everybody wins.
Wall Street Journal
30-07-2025
- Business
- Wall Street Journal
Trouble Brewing: Why a Brazilian Tariff May Cause Coffee Prices to Soar
President Trump's proposed 50% tariff on Brazilian goods is likely to lift the price of the preferred coffee for most U.S. consumers. Brazilian arabica beans are the source for roughly 35% to 40% of the coffee consumed in the U.S. and a pending levy on imports starting Aug. 1 would increase the price of coffee in cafes and grocery stores alike.
France 24
15-07-2025
- Business
- France 24
US banks see lower recession risk despite tariff fog
Executives from JPMorgan Chase and Citigroup described US consumers as still fundamentally healthy despite continued risks to the outlook. Both banks now see a lower risk of recession compared with April, when they last reported results. Top officials with the banks also characterized clients as less frazzled by President Donald Trump constantly changing trade policy compared with April, when financial markets were in turmoil. In the last week alone, Trump has threatened deep tariffs on some two dozen countries and spoken of new levies on copper and pharmaceuticals -- announcements that many market watchers remain skeptical will be enacted in light of previous tariff pivots by the US president. "The corporate community ... has sort of accepted that they just need to navigate through this and are kind of getting on with it," JPMorgan Chief Financial Officer Jeremy Barnum told reporters on a conference call. Citigroup CFO Mark Mason said businesses had acquired more "comfort with the uncertainty" compared to recent months. "The general sentiment has improved a bit if you look at things like the prospect of a recession, that has fallen significantly from what it was earlier in the second quarter," Mason told reporters on a conference call. Soft landing eyed At JPMorgan, second quarter profits came in at $15 billion, down 17 percent from the year-ago period when results were boosted by a one-time equity item. But that translated into $4.96 per share, compared with $4.49 projected by analysts behind higher profits in operating divisions. Revenues were $44.9 billion, down 11 percent from the year-ago period. In Q2 2025, JPMorgan benefited from higher asset management fees, as well as increased trading revenues amid financial market volatility during stretches of the quarter. These aspects helped offset higher technology expenses. JPMorgan chief executive Jamie Dimon said investment banking activity had started slowly in the quarter, "but gained momentum as market sentiment improved," resulting in a seven percent gain. Dimon described the tax cut extensions Trump recently signed into law as "positive" for the economic outlook, along with "potential deregulation," according to a statement. "However, significant risks persist –- including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits and elevated asset prices," Dimon said. "As always, we hope for the best but prepare the Firm for a wide range of scenarios." During a conference call with reporters, Dimon said the cautious comments related to possible outcomes and were not a prediction. "The world is kind of pricing in a soft landing," he said. "We've been in that soft landing and it may very well continue." At Citi, profits came in at $4.0 billion, up 25 percent from the year-ago level, while revenues rose eight percent to $21.7 billion. Profits were boosted by higher markets revenue and investment banking fees, among other areas. Mason described the macroeconomic outlook as improved from April, which points to the "underlying strength" of the US private sector and capital markets. "We do anticipate further consumer cooling the second half (of 2025) as tariff effects play through," Mason said, while adding that "the global economic performance has been quite resilient." Shares of JPMorgan were flat at mid-morning Tuesday, while Citigroup rose 2.1 percent.
