Author: Daniel snow

Personal finance app Monarch raises $75 million

By

[ad_1] Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino.Courtesy: MonarchThe personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned.The fundraising is among the largest for an American consumer fintech startup this year and values the San Francisco-based company at $850 million, according to co-founder Val Agostino. The Series B round was led by Forerunner Ventures and FPV Ventures.Monarch aims to provide an all-in-one mobile app for tracking spending, investments and money goals. The field was once dominated by Mint,…

Read More

Trump recommends 50% tariff on European Union starting June 1

By

[ad_1] President Donald Trump on Friday said he is “recommending a straight 50% Tariff on the European Union” after complaining that trade negotiations have stalled.The steep new import duties would start on June 1, Trump wrote on Truth Social.The EU “has been very difficult to deal with,” Trump wrote. “Our discussions with them are going nowhere!”Trump’s announcement came less than 30 minutes after he threatened to impose a tariff of at least 25% on Apple if the company does not start manufacturing iPhones in the United States.U.S. stock futures sank immediately following the posts, which showed the Republican president once…

Read More

Investors weigh impact of Trump’s tax bill

By

[ad_1] Treasury yields stumbled on Friday after President Donald Trump ramped up trade tensions with Europe.The 30-year Treasury yield was down 8 basis points at 4.988%. The 10-year Treasury shed 10 basis points to 4.457%. The 2-year yield moved 3 basis points lower to 3.968%.One basis point is equivalent to 0.01%, and yields move inversely to prices.In a Truth Social post, Trump recommended “straight 50% Tariff on the European Union” after griping that negotiations with the bloc had stalled. He said the EU “has been very difficult to deal with,” adding that talks were going “nowhere.”Trump also said in a separate post that…

Read More

Trump’s 5% NATO spend target ‘very, very difficult’ to meet: Greek PM

By

[ad_1] Greek Prime Minister Kyriakos Mitsotakis and German Chancellor Friedrich Merz (not pictured) speak to the media following talks at the Chancellery on May 13, 2025 in Berlin, Germany.Sean Gallup | Getty Images News | Getty ImagesIt would be challenging for NATO members to deliver on U.S. President’s Donald Trump’s defense spending demands, Greece’s prime minister told CNBC.The White House leader has frequently called for NATO nations to increase their security contribution to 5% of their gross domestic product — a target Greece’s Kyriakos Mitsotakis questions can be met.”I think 5% frankly, is very, very difficult,” he said in an interview…

Read More

Trump tariff Apple iPhones not made in the U.S.

By

[ad_1] US President Donald Trump (r) and Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility where Apple’s Mac Pros are assembled in Austin, Texas, on November 20, 2019.Mandel Ngan | AFP | Getty ImagesPresident Donald Trump said in a social media post Friday morning that Apple will have to pay a tariff of 25% or more for iPhones made outside the United States.”I have long ago informed Tim Cook of Apple that I expect their iPhone’s that will be sold in the United States of America will be manufactured and built…

Read More