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From Apple Inc. to General Motors Co., corporate America is bracing for tens of billions of dollars in damages from Trump’s trade war — and that’s before most affected goods have landed.Among U.S. companies that have disclosed financial projections so far, GM sees a $5 billion hit this year, while Apple expects $900 million in higher costs in the current quarter. Nvidia is taking a $5.5 billion charge to account for new export controls.President Donald Trump’s administration imposed across-the-board tariffs on most imports and targeted some countries and industries for additional levies. Duties are as high as 145% on many…

The legislative push for President Donald Trump’s massive tax package will begin in earnest next week as key House committees consider the legislation despite lingering divisions among Republicans. The Ways and Means Committee and the Energy and Commerce Committee will begin on Tuesday considering their respective portions of the bill on tax cuts and reductions to Medicaid. Both panels are key to pushing Trump’s legislative agenda through the narrowly divided House. The scheduled date, confirmed by several people familiar, comes as Republicans are still hotly debating key details, including expanding the state and local tax deduction and restricting the estate tax. After the…

Jack Hidary, CEO of SandboxAQCourtesy of SandboxAQA 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.Private investment firms of the ultra-rich, rattled by President Donald Trump’s tariffs, continued to scale back deal-making in April.Last month, single-family offices made 40 direct investments, down 31% month to month, according to data provided exclusively to CNBC by Fintrx, a private wealth intelligence platform. April’s tally also represents a 47% year-over-year decline.However, artificial intelligence-related startups are still garnering attention from…

A Burger King restaurant is seen on October 25, 2024 in New York City. Michael M. Santiago | Getty ImagesRestaurant Brands International on Thursday reported quarterly earnings and revenue that missed analysts’ expectations as same-store sales of Popeyes, Burger King and Tim Hortons declined.But the restaurant company is seeing sales turn around already.”As we come into [the second quarter], that momentum has improved meaningfully, so we’re seeing some better absolute results as we get into the second quarter that give us confidence in how we’re going to navigate the rest of the year,” CEO Josh Kobza told CNBC.Shares of the company were roughly…

Mother’s Day on Sunday marks the launch of an innovative program to improve maternal health by harnessing the power of soccer fandom.The World Health Organization says maternal mortality is unacceptably high. More than 700 women died every day in 2023 from preventable causes related to pregnancy and childbirth, according to a WHO fact sheet released last month.It’s a challenge that doctors, public health authorities and community workers have been trying to tackle.Former professional soccer player Morad Fareed thinks he can make progress improving maternal health through a love of sports.Fareed’s created FC Mother, a community platform pairing expectant and new…