The Royal Caribbean cruise ship 'Explorer of the Sea'.Getty ImagesShares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested the Trump administration would crack down on taxes paid by the companies."You ever see a cruise ship with an American flag on the back?" Lutnick said in an appearance...
Category: Investing
Tariffs, immigration and DOGE: What companies are saying about the impact of Trump policies on business
CEO of Meta and Facebook Mark Zuckerberg, Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on Jan. 20,...
Defense stocks drop after Trump says Pentagon spending could be halved
U.S. President Donald Trump sits in the Oval Office of the White House in Washington on Feb. 13, 2025.Kevin Lamarque | ReutersDefense stocks dropped sharply Thursday afternoon after President Donald Trump suggested the U.S. could massively cut defense spending.Trump said Thursday at the White House the U.S. could cut defense...
Ken Griffin says Trump’s ‘bombastic’ trade rhetoric is a mistake that’s eroding trust in the U.S.
Ken Griffin, founder and CEO of Citadel, speaks during The New York Times' annual DealBook Summit in New York City, Dec. 4, 2024.Michael M. Santiago | Getty ImagesCitadel CEO Ken Griffin sent a stern warning against the negative impact from President Donald Trump's combative approach to U.S. trade policy."From my vantage...
Vanguard announces fee cuts for nearly 100 funds, including ETFs with billions of dollars in assets
Pavlo Gonchar | SOPA Images | Lightrocket | Getty ImagesAsset management giant Vanguard announced broad fee cuts for many mutual funds and exchange-traded funds on Monday, reinforcing its standing as one of the cheapest options for investors.The move reduces fees on 87 different funds, and 168 total share classes of...