Zach Witkoff, co-founder and CEO of World Liberty Financial and chairman of Alt5 Sigma Corp., right, and Eric Trump at the Nasdaq MarketSite in New York, Aug. 13, 2025. Adam Gray | Bloomberg | Getty Images A federal financial regulator has conditionally approved an application for a bank charter by an entity connected to World…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Friday. Reddit was announced officially as the next addition to the S&P 500, prompting a rally for the social media stock in early trading. Stock futures are little changed this morning. Wall Street is coming off a winning day. Here are…
Workers erect scaffolding at the Kennedy Center in Washington, DC, US, on Friday, June 12, 2026. Andrew Leyden | Bloomberg | Getty Images The Kennedy Center‘s board of trustees voted Thursday to inscribe President Donald Trump‘s name on its building facade, setting up a renewed legal battle over changes to the Washington, D.C., performing arts…
Nigel Farage (C), leader of the Reform UK party, celebrates the victory of Sarah Pochin, the party’s candidate, in the Runcorn & Helsby by-election at the DCBL Stadium in Widnes, north-west England, in the early hours of May 2, 2025. Oli Scarff | Afp | Getty Images Nigel Farage, leader of Britain’s right-wing Reform UK…
Treasury Secretary Scott Bessent speaking with CNBC on Aug. 4th, 2026. CNBC The U.S. will be applying economic measures “that have never been seen on Iran,” according to Treasury Secretary Scott Bessent. “It will be a combination of economic isolation like the world has never seen before, and the continued blockade in the Strait of…
U.S. Secretary of Commerce Howard Lutnick cuts the ribbon alongside Apple’s CEO Tim Cook during the opening of Apple’s new Advanced Manufacturing Center (AMC) in Houston, Texas, U.S., August 13, 2026. Georgina Mccartney | Reuters Apple CEO Tim Cook was joined by government officials, including Secretary of Commerce Howard Lutnick, on Thursday to open a…
New York City Mayor Zohran Mamdani speaks during the annual New York State Financial Control Board meeting on August 12, 2026 in New York City. Michael M. Santiago | Getty Images New York City’s pied-à-terre tax can continue its planned rollout while it faces a legal challenge, an appellate judge ruled Thursday. The ruling comes…
U.S. President Donald Trump departs after a Cabinet meeting at Camp David in Thurmont, Maryland, U.S., July 31, 2026. Nathan Howard | Reuters A federal trade court on Thursday upheld President Donald Trump‘s elimination of the “de minimis” exemption, which allowed goods valued under $800 to be imported to the U.S. tax free. Trump, a…
POWER POINT What I’m hearing from energy insiders What a difference a week makes. Since we last published Power Insider, U.S. crude oil dropped nearly $10 dollars per barrel before clawing back some of those declines. In the months since the Iran war began, oil has shifted 40% top-to-recent-bottom. Zoom In IconArrows pointing outwards The…
The Icelandic and Canadian consulates building, left, in the historic old district of Nuuk, Greenland, on Wednesday, June 24, 2026. Bloomberg | Bloomberg | Getty Images A Texas-based company with links to President Donald Trump has delayed plans to drill for oil in Greenland, after the Arctic island’s government issued a “strong warning” to its…
