Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s…
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters as Senate Democratic leaders hold a press conference following their weekly policy lunch on Capitol Hill in Washington, D.C., U.S., Sept. 9, 2025. Elizabeth Frantz | Reuters Congressional Democrats are zeroing in on health care as a key sticking point in negotiations with the threat…
U.S. President Donald Trump speaks to the media before boarding Marine One upon departure for New York, in Washington, D.C., U.S., Sept. 11, 2025. Evelyn Hockstein | Reuters President Donald Trump said Saturday he is “ready to do major Sanctions on Russia” once all NATO countries have started “to do the same thing” and pause…
It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle ,…
After a historic drought that paralyzed vessel transits through the Panama Canal, the Panama Canal Authority is moving ahead with major investments in new infrastructure to mitigate future droughts and the risk of low water levels that in recent years plagued the key global trade gateway. The Panama Canal depends on fresh water for its…
Rick Rieder, BlackRock Senior Managing Director, Chief Investment Officer of Global Fixed Income, speaking at the Delivering Alpha conference in New York City on Sept. 28, 2023. Adam Jeffery | CNBC The White House search for the next Federal Reserve chair continues to twist and turn, with BlackRock bond chief Rick Rieder emerging as the…
U.S. Secretary of Commerce Howard Lutnick speaks during an interview with CNBC on the floor at the New York Stock Exchange on Sept. 11, 2025. Brendan McDermid | Reuters Commerce Secretary Howard Lutnick said Thursday that the U.S. will equally share profits with Japan from projects funded by the Asian country through its tariff deal…
Scott Bessent, U.S. treasury secretary, in the Oval Office of the White House in Washington, D.C., on Aug. 6, 2025. Bonnie Cash | Bloomberg | Getty Images The search for the next Federal Reserve chair is continuing, with Treasury Secretary Scott Bessent taking point in meeting with several candidates on President Donald Trump’s short list….
Detainees board a bus, during a raid by federal agents where about 300 South Koreans were among 475 people arrested at the site of a $4.3 billion project by Hyundai Motor and LG Energy Solution to build batteries for electric cars in Ellabell, Georgia, U.S. September 4, 2025 in a still image taken from a…
FILE PHOTO: Founder and president of Turning Point USA Charlie Kirk speaks at the Conservative Political Action Conference (CPAC) at National Harbor in Oxon Hill, Maryland, U.S., February 28, 2019. Kevin Lamarque | Reuters Conservative political activist Charlie Kirk might have been a household name in America, but as news of his shooting and death spread on…
