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Follow CNBC's live coverage of President Donald Trump's historic tariffs.
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Europe's beloved luxury brands may be largely sheltered from the initial effects of sweeping U.S. tariffs, but the risks of a wider economic downturn spell bad news for the sector.
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The data also comes as U.S. President Donald Trump boosted tariffs on Chinese imports to 125% overnight, up from his earlier figure of 104%.
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Amazon has been working on Kuiper for six years, planning to build a constellation of broadband internet satellites.
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Remember, Trump allowed a mere 90-day pause to allow for deals to be made. The 10% tariff is not the permanent rate.
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OpenAI said in a lawsuit that Elon Musk made a "sham" attempt to buy the company, and asked a federal district court to stop him from further attacks.
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Overnight stateside, the broad-based S&P 500 skyrocketed 9.52% to settle at 5,456.90 for its biggest one-day gain since 2008.
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As stocks cheered President Trump's tariff pause on Wednesday, CNBC's Jim Cramer shared four lessons from the past week of market action.
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Stocks fell on Thursday after a massive rally on Wall Street spurred by President Donald Trump announcing a 90-day reprieve on some of his "reciprocal" tariffs.
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Modelo and Corona owner Constellation Brands beat quarterly earnings and revenue estimates, but its outlook took a hit from U.S. tariffs on most of its beer.
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