WASHINGTON, DC – OCTOBER 16: U.S. Senate Minority Leader Sen. Chuck Schumer (D-NY) (R) and House Minority Leader Rep. Hakeem Jeffries (D-NY) (L) brief members of the press during a news conference on the government shutdown at the U.S. Capitol on October 16, 2025 in Washington, DC. Alex Wong | Getty Images Capitol Hill remains…
Treasury Secretary Scott Bessent will speak by phone on Friday with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, a senior Trump administration official told CNBC’s Eamon Javers. Additional details about the call, including the specific time it would take place or the next steps to…
Untere Schleuse wooden bridge in Thun, Switzerland. Education Images | Universal Images Group | Getty Images Switzerland’s government on Thursday cut its 2026 economic forecast for the country, citing the Trump administration’s punitive tariffs as a “heavy burden” on its industries. Officials held their forecast for the Swiss economy to expand by 1.3% this year,…
US President Donald Trump speaks during a press conference in the Oval Office of the White House in Washington, DC on Oct. 15, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Wednesday said he may go to the Supreme Court to hear oral arguments in the major tariffs case that could…
Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. President Donald Trump “likes a high stock market,” but he “believes that the high stock market is a result of good policies,” Bessent said in an exclusive interview at CNBC’s Invest in America…
In an aerial view, a container ship arrives at the Port of Oakland on October 10, 2025 in Oakland, California. U.S. President Donald Trump is threatening to impose a massive increase of tariffs on Chinese imports in response to China’s announcement of new export controls on rare earths. China controls an estimated 70% of the…
Stocks were brutalized Friday in a way we haven’t seen in ages. Everything except some downtrodden consumer packaged goods stocks, led by the resurgent PepsiCo , was slaughtered. The headwinds were enormous and came from disparate places. Bond yields came down huge, something that equity markets normally greet with tremendous relief and price-to-earning multiple expansion….
In this photo illustration a Huawei logo is displayed on a smartphone with a Chinese flag in the background. Sopa Images | Lightrocket | Getty Images Beijing has banned semiconductor research firm TechInsights from working with or receiving data from Chinese entities, in a move that could add to the opaqueness of the country’s chip…
If you are planning on decorating your home for the holidays, everything from artificial Christmas trees to lights, decorative wreaths and rings, you may want to start early. One of the nation’s largest artificial Christmas tree importers is warning of limited inventory as a result of trade war tariffs, and says this will be the…
The BMW brand logo can be seen on the BMW four-cylinder (also known as the BMW tower and BMW high-rise), the main administration building and landmark of the vehicle manufacturer BMW. Picture Alliance | Picture Alliance | Getty Images Shares of Europe’s biggest carmakers traded lower on Wednesday, amid concern that the European Union’s latest…
