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Treasury Sec. Bessent: Could see 1-2 rate cuts this year
CNBC Television· 2025-07-23 20:11
We're getting some news out of that AI event down in Washington. Aean Jabres joins us once again with that. Aean, Scott, that's right.Treasury Secretary Scott Bessant just wrapped up his remarks here with the All-In uh podcast. Folks, a couple of points here that I want to bring to you and apologies from for reading from my notes here, but because I want to get this right. He was talking about US treasuries and he said that the expectation is that the Chinese government will slowly divest over time but he s ...
X @Bloomberg
Bloomberg· 2025-07-23 19:48
Federal prosecutors are laying the groundwork to criminally charge companies and individuals that try to evade US tariffs as Donald Trump readies a fresh round of levies next week https://t.co/BlQEXGXgPi ...
X @Bloomberg
Bloomberg· 2025-07-23 00:14
The yen spiked as much as 0.3% against the dollar and then quickly erased gains after the announcement by Trump of 15% tariffs on Japanese imports https://t.co/cGNo1k2iXo ...
X @Bloomberg
Bloomberg· 2025-07-22 22:20
“Americans are mostly paying for the tariffs,” says George Saravelos, global head of FX research at Deutsche Bank: Here’s your Evening Briefing https://t.co/k8oDGPIZe0 ...
X @Bloomberg
Bloomberg· 2025-07-22 21:03
Geopolitical Impact - Trump's tariffs are reshaping Europe's perspective on Chinese investments [1] - Some EU leaders are increasingly open to Beijing's financial resources and influence [1]
X @Bloomberg
Bloomberg· 2025-07-22 18:16
Who’s paying for Donald Trump’s tariffs? So far, it’s American businesses and consumers. https://t.co/Xy3sTVCbsw ...
X @Bloomberg
Bloomberg· 2025-07-22 16:33
Nokia cut its profit guidance for the year, citing a weaker US dollar and tariffs https://t.co/TjIcktaKl7 ...
GM to Maintain Pricing Strategy, Despite Trump Tariffs
Bloomberg Television· 2025-07-22 16:17
Tariff Impact & Mitigation - General Motors (GM) expects a $1.1 billion hit to profit from President Trump's tariffs [1] - GM aims to offset 30% of the tariff impact through cost austerity, manufacturing changes, and pricing strategies [4] - GM anticipates seeing mitigation efforts bear fruit in Q3 and Q4 of 2025 [10] - GM expects pricing to be up about 0.5% to 1% for the full year in 2025 [11] Supply Chain & Manufacturing - Only about 3% of GM's direct purchases come from China through the supply chain [6] - GM announced $4 billion of investments over the next couple of years to increase production in the United States [8] - GM will produce more than 2 million vehicles in the US after the investments, making it the largest producer in the country [8] Capital Allocation - GM will invest $10 to $12 billion over the next couple of years to improve its vehicle portfolio and footprint [17] - GM resumed share repurchases in July, with $4.3 billion remaining under its authorization as of June 30th [19]
Coca-Cola earnings top estimates, GM feels tariff pressure
Yahoo Finance· 2025-07-22 14:43
Morning Brief: Market Sunrise anchor Ramzan Karmali breaks down the latest international finance news for July 22, 2025. Coca-Cola reported second quarter results that topped estimates. The company plans to start using more cane sugar in its drinks, but will not completely drop high fructose corn syrup. General Motors beat Q2 earnings expectations, but President Trump's tariffs added $1.1 billion in costs in the second quarter. The company expects a $4 to 5 billion tariff impact this year. #youtube #stocks ...
X @The Wall Street Journal
The Wall Street Journal· 2025-07-22 08:53
Global Economy - The global economy is showing resilience despite the historic increase in tariffs this year [1]