Author: Daniel snow
Bottles of the American whiskey Jack Daniel’s are offered for sale in a liquor store on November 27, 2023 in Chicago, Illinois.Scott Olson | Getty ImagesShares of Jack Daniel’s-maker Brown-Forman plunged more than 18% on Thursday after the company reported quarterly earnings that came in below analyst estimates, weighed down by the impact of tariffs and weak discretionary spending on alcohol.”While our results did not meet our long-term growth aspirations, we made important progress in an exceptionally challenging macroeconomic environment,” CEO Lawson Whiting said in the company’s earnings release.Here’s how the company performed for its fiscal fourth quarter of 2025,…
The U.S. deficit with its global trading partners tumbled by the largest amount on record in April as companies and consumers no longer rushed to get imports ahead of President Donald Trump’s tariffs.Following a record-breaking surge in the trade imbalance, the deficit slid to $61.6 billion, a decrease of $76.7 billion from the prior month and below the Dow Jones consensus forecast for $66.3 billion, according to a Commerce Department report Thursday.The move reverses a massive surge in imports that came ahead of Trump’s April 2 “Liberation Day” announcement.In a move that was even more aggressive than anticipated, Trump slapped…
BofA stays bearish on the U.S. dollar Source link
Tesla CEO Elon Musk listens as U.S. President Donald Trump speaks to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty ImagesShares of Tesla slid about 5% Thursday as CEO Elon Musk continued his relentless pressure on Congress to “KILL” President Donald Trump’s spending bill.Musk in recent days has threatened to primary lawmakers who vote for the bill and called it a “disgusting abomination,” marking a significant shift in his comments about the administration. The fall in shares comes as the EV maker saw a 22% rally in May…
Wide shot of friends and family enjoying dinner and sunset during destination wedding reception at luxury villa in MoroccoThomas Barwick | Digitalvision | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.The $100 trillion wealth transfer from older to younger generations is set to reshape the wealth management industry, as younger investors plan to move their money to new advisors, according to a new report.A new survey from Capgemini shows that 81% of “next generation millionaires,”…
The bond seesaw may be extra bumpy right now, but it’s not time to get off the ride. Source link
Students and families borrowing money for college will get a slight reprieve for the upcoming school year.The interest rate for undergraduate federal student loans disbursed between July 1, 2025 and June 30, 2026 will be 6.39%, down from 6.53% for the 2024-25 school year, the Department of Education announced on May 30. Graduate loans will come with a 7.94% rate and Parent Plus loans will have an 8.94% interest rate, both lower than the prior year.The last time interest rates dropped for federal student loans was for the 2020-21 school year, when the undergraduate rate fell from 4.53% the previous…
An abrupt change from work to retirement can be a shock to the system, both financially and emotionally. Source link
In this photo illustration, banknotes of Euro, Japanese Yen, Chinese Yuan and US dollar bill are placed under one-ounce silver bullion coins arranged on February 20, 2021 in Katwijk, Netherlands.Yuriko Nakao | Getty Images News | Getty ImagesThe price of silver moved sharply higher on Thursday morning and hit its highest level in more than a decade.Silver futures rose more than 4%, trading above $36 per troy ounce. That is the highest price for the metal since early 2012.Stock Chart IconStock chart iconSilver futures were trading at their highest level since 2012 on Thursday.Silver has been a high performing asset…
This sector has outperformed in 2025, and it held up well during the brutal broad decline of 2022. Source link