Wall Street’s blistering three-month rally on cooling trade tensions will be put to the test this week. It’s an exceptionally light week of economic data and earnings releases, which means every little piece of information investors do get will be magnified. Against that sparse backdrop, President Donald Trump ‘s trade policy ahead of a long-awaited…
U.S. Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol as Republican lawmakers struggle to pass U.S. President Donald Trump’s sweeping spending and tax bill, on Capitol Hill in Washington, D.C., U.S., June 27, 2025. Elizabeth Frantz | Reuters Treasury Secretary Scott Bessent said Sunday that tariffs announced back in April will take…
Flags of the European Union and the United States. Sean Gallup | Getty Images News | Getty Images CNBC’s assignment desk has a conundrum this week: how to approach July, 9. Why does this specific date matter? It’s the deadline for trade negotiations between the U.S. and European Union before the tariffs axe (maybe) falls…
House Homeland Security Committee Chair Mark Green (R-Tenn.) speaks alongside House Speaker Mike Johnson (R-La.) after the House passed budget reconciliation legislation at the U.S. Capitol on May 22, 2025. Francis Chung | POLITICO via AP Images Rep. Mark Green, R-Tenn., announced his official resignation from Congress on Friday, a move that was expected but one…
Elon Musk applaudes in the Oval Office as he attends a press conference with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk said Saturday that he has formed a new political party, the “America Party,” which he claims will give Americans “back…
Congress passed President Donald Trump‘s tax and spending package Thursday, ushering in major changes to Americans’ finances. The GOP’s marquee “one big beautiful” bill makes Trump’s 2017 tax cuts permanent while adding a senior “bonus” along with a bigger state and local tax deduction and higher estate and gift tax exemption. Among other tax provisions,…
Sopa Images | Lightrocket | Getty Images Scammers impersonating the President Donald Trump and Vice President JD Vance Inaugural Committee fraudulently stole hundreds of thousands of dollars in cryptocurrency, according to a complaint filed by the U.S. on Wednesday. The perpetrators used phony email addresses made to look like they belonged to the inaugural committee…
Tesla CEO Elon Musk speaks alongside U.S. President Donald Trump to reporters in the Oval Office of the White House on May 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Tesla CEO Elon Musk, who bombarded President Donald Trump‘s signature spending bill for weeks, on Friday made his first comments since the legislation…
Participants march in the Reclaim Pride Coalition’s seventh annual Queer Liberation March in New York, June 29, 2025. Erik McGregor | Lightrocket | Getty Images Canadian citizen Robert Sharp was planning to visit Provincetown, Massachusetts — one of the most LGBTQ+-friendly places in America — for his friend’s milestone birthday in July. But against a…
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. Overview: One Big Beautiful Windfall And one of the big windfall winners of U.S. President Donald Trump’s tax and spending megabill could end up being… unexpectedly, the U.S. Space Force….
