Stocks climbed Friday as Wall Street wrapped up a historically wild week.
Category Archives: business
GM cutting jobs, idling Canadian electric van plant due to ‘market demand’
DETROIT — General Motors is cutting production of its all-electric BrightDrop delivery vans at a plant in Canada and will idle the facility through much of this year.
BlackRock CEO says U.S. may be in a recession now
BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative.
Buy now, pay later: What are the pros and cons of these plans?
When making purchases online, customers will often see an option to buy now and pay later — but it’s essentially a loan. NBC’s Christine Romans joins TODAY to break down what to know about these plans and when you should avoid using them.
China’s President Xi to Trump: ‘There are no winners in a tariff war’
China slapped the United States with a new tariff, raising the tax on American goods to 125%. It comes after the White House raised tariffs on China to 145%. Chinese President Xi Jinping responded to President Donald Trump for the first time saying it doesn’t fear economic suppression but “there are no winners in a tariff war.” NBC’s Peter Alexander reports for TODAY.
Prada to buy Versace for $1.4 billion
The Prada Group announced a deal to buy Italy’s Versace from the U.S. luxury group Capri Holdings. NBC News’ Maya Eaglin reports on the $1.4 billion deal and what made both brands household names.
Cash App owner Block pays $40 million in settlement over ‘serious compliance deficiencies’
New York state’s top financial regulator struck a $40 million settlement with Block Inc., the parent of Cash App, over anti-money laundering failures.
Retail investors are running headfirst into this topsy-turvy market
While Wall Street spent the past week sweating over whether President Donald Trump’s now-altered tariff plan would push the economy into a recession or ignite a bear market, Rachel Hazit knew exactly what to do.
Trump tariffs mean higher prices and big losses for Amazon sellers that source from China
President Donald Trump’s aggressive tariff policy on April 2 didn’t just cause mayhem in the stock market.
The wealthy are loading up on cash, gold and family trusts during market turmoil
Wealthy investors have made the best trade over the past week — largely doing nothing.