Trump tariffs fueling inflation: congressional budget chief

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…

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TikTok deal ‘framework’ reached with China

Samuel Boivin | Nurphoto | Getty Images The U.S. and China have a reached a ‘framework’ deal for social media platform TikTok, Treasury Secretary Scott Bessent said Monday. “It’s between two private parties, but the commercial terms have been agreed upon,” he said from U.S.-China talks in Madrid. Both President Donald Trump and Chinese President…

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Nvidia violated anti-monopoly law, will continue investigation

China is one of Nvidia’s largest markets, particularly for data centers, gaming and artificial intelligence applications. Avishek Das | Lightrocket | Getty Images China’s market regulator on Monday said that Nvidia violated the country’s anti-monopoly law, according to a preliminary probe, adding that Beijing would continue its investigation into the U.S. chip giant. Shares of…

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