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Pentagon chief says ready to 'fight and win' against China, urges Asian allies to boost defense spending
While playing up the U.S.'s enduring commitment to the Indo-Pacific region, Hegseth took swipes at the absence of China's defense minister Dong Jun.
Published: 3 hours ago
Trump says U.S. will double steel tariffs to 50%
President Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, one week after signaling he had cleared a merger with Japan's Nippon Steel.
Published: 7 hours ago
This is why Jamie Dimon is always so gloomy on the economy
JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.
Published: 13 hours ago
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Stablecoins stole the spotlight at Bitcoin 2025, as U.S. officials backed new legislation to enshrine digital dollars.
Published: 8 hours ago
Elon Musk deflects question about report of drug use, family drama as Trump looks on
Tesla CEO Elon Musk appeared with President Donald Trump in the Oval Office for an event marking the DOGE founder's departure from Washington.
Published: 10 hours ago
Tariffs didn't bite the stock market in May, but June could be a different story
There are signs that the impact of tariffs are starting to hit, even if the broader stock market has rebounded.
Published: 12 hours ago
$TRUMP and other meme coins won't be protected by SEC, Commissioner Hester Peirce says
SEC Commissioner Hester Peirce said investors shouldn’t expect protection when it comes to meme coins as the agency pulls back from aggressive enforcement.
Published: 8 hours ago
Trump lauds Elon Musk and DOGE at White House farewell
Musk, the Tesla and SpaceX CEO, worked for Trump's DOGE effort after spending over $250 million helping to get him elected.
Published: 12 hours ago
PBS sues Trump over executive order to cut funding
PBS sued President Donald Trump to block his effort to cut off federal funding for the public broadcaster.
Published: 9 hours ago
Anthropic hits $3 billion in annualized revenue on business demand for AI
The San Francisco-based startup, backed by Google parent Alphabet and Amazon, is famous for AI that excels at computer programming.
Published: 10 hours ago
Taylor Swift now owns all her music thanks to her $2 billion Eras Tour
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Published: 10 hours ago
Caviar and privacy: Airlines' business-class wars are here
American and United are revamping their international business class
Published: 17 hours ago
China calls out Trump for 'abuse' of semiconductor export controls
The U.S. has limited exports of some chips and chip technology to China as part of a national defense strategy dating back to the first Trump administration
Published: 15 hours ago
May jobs report, tariffs will rise to top of mind next week after comeback rally
Investors are counting on resilient consumer spending to prop up an economy that's undergoing a massive upheaval from tariffs.
Published: 12 hours ago
Loretta Swit, the Emmy-winning 'M*A*S*H' actress, dies at 87
Swit's representative said in a statement her death was likely from natural causes.
Published: 11 hours ago
Bitcoin heads for winning month despite return of trade war fears: CNBC Crypto World
On today's episode of CNBC Crypto World, cryptocurrencies slip alongside a pullback on Wall Street driven by trade concerns. Plus, Michael Saylor of Strategy reacts to the rise of corporations buying bitcoin. And, NBA star Tristan Thompson discusses the latest on his projects that blend crypto, web3 and AI.
Published: 13 hours ago
CDC says parents can decide with doctors if healthy kids get Covid shot
Earlier this week Health Secretary Robert F. Kennedy Jr. said that Covid vaccines will no longer be recommended for healthy children and pregnant women.
Published: 10 hours ago
Cramer: Trump's tariffs are 'pure chaos' but the stock market is still up. Here’s why
Although the S&P 500 traded lower Friday on a tariff-driven slump, the benchmark gauge is on track for a 6% gain in May.
Published: 12 hours ago
Why U.S. policies like baby bonds and child tax credits can’t convince Americans to have kids
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Published: 18 hours ago
Summer rentals in the Hamptons are down 30%
Brokers who focus on ultra-high-end rentals are seeing an even bigger drop and say their rental business is down between 50% and 75%.
Published: 18 hours ago
Tesla gains 22% in May as Elon Musk ends time with Trump's DOGE
Musk's work leading DOGE, President Donald Trump's initiative to slash federal agencies and their resources, is coming to a formal end.
Published: 11 hours ago
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Published: 1 day ago
Trump accuses China of violating preliminary trade deal
The U.S. and China in mid-May agreed to a 90-day suspension on most tariffs after Trump slapped sky-high tariffs on the big U.S. trade partner.
Published: 18 hours ago
Daniel Loeb's next task as his hedge fund turns 30: Avoiding becoming 'AI roadkill'
"You'll either be a beneficiary of AI or AI roadkill. So I think we all need to do our best to not be the latter," Loeb said.
Published: 15 hours ago
With Trump tariffs in limbo, the uncertainty is 'killing' us, business owner says: 'We need to know what things are going to cost'
As legal fights over tariffs continue, companies and entrepreneurs wonder how to proceed. The uncertainty is "tough for our business," says one owner.
Published: 11 hours ago
Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 2.2% annual rate in April.
Published: 18 hours ago
U.S. foreign tax bill sends jitters across Wall Street
Trump's "One Big Beautiful Bill Act," if enshrined into law, could transform the current trade conflict into a capital war, investment banks say.
Published: 18 hours ago
Supreme Court rules Trump can revoke protected status for 500,000 immigrants pending appeal
The Supreme Court's decision affects immigrants from Cuba, Haiti, Nicaragua, and Venezuela who had fled their conflict-ridden countries.
Published: 14 hours ago
Zscaler jumps 10% on strong results fueled by AI growth
"The proliferation of AI in all aspects of business is increasing the need for our AI security," said CEO Jay Chaudhry in a release.
Published: 11 hours ago
Volkswagen flags 'massive' U.S. investments and says tariff talks constructive
Several foreign companies have announced U.S. investments in response to Trump's tariffs, but German carmakers have been more cautious.
Published: 13 hours ago