Russell Vought, director of the Office of Management and Budget (OMB), speaks to members of the media outside the White House in Washington, DC, US, on Thursday, July 24, 2025. Aaron Schwartz | Bloomberg | Getty Images The Trump administration began laying off federal workers on Friday, the 10th day of the U.S. government shutdown,…
U.S. and Chinese officials have been working to arrange a summit between U.S. President Donald Trump and Chinese President Xi Jinping in the coming months, which will likely take place in Beijing, experts said. Dilara Irem Sancar | Anadolu | Getty Images President Donald Trump on Friday threatened to slap a “massive increase of Tariffs”…
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025. Lionel Ng | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Moneyed…
NY Attorney General Letitia James speaks during a press conference on the Department of Government Efficiency (DOGE) at Manhattan Federal Courthouse on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty Images New York Attorney General Letitia James was indicted Thursday by a grand jury in Virginia on at least one count…
In the ever-evolving long-term competition between the United States and China, it can be easy to lose sight of the quieter but more enduring risks that lie beneath the headlines. Case in point: China’s new sweeping export controls on rare earth magnets and related technologies, tightening its grip on critical inputs for everything from EVs…
Picture taken on September 4, 2023 shows windmills at the Nysted Offshore Wind Farm constructed by Danish windpower giant Orsted in 2002-2003 in the Baltic Sea near Gedser in Denmark. Thomas Traasdahl | Afp | Getty Images Beleaguered wind farm operator Orsted announced Thursday that it intends to reduce its workforce by a quarter toward…
BVNK co-founders (L to R) Donald Jackson, Jesse Hemson-Struthers and Chris Harmes, at the company’s San Francisco Office. BVNK Citi has invested in stablecoin infrastructure company BVNK, the startup told CNBC on Thursday, as big U.S. banks ramp up their presence in the cryptocurrency and digital asset space. Stablecoins are a type of digital asset…
Former FBI Director James Comey Alex Edelman | AFP | Getty Images Former FBI Director James Comey pleaded not guilty on Wednesday morning to federal criminal charges in Virginia that President Donald Trump had sought. Judge Michael Nachmanoff set Comey’s trial to begin on Jan. 5 in U.S. District Court in Alexandria. Comey’s lawyer, Patrick…
The sunset is reflected in the windows of the US Capitol as a man runs on the National Mall in Washington, DC, on October 1, 2025, the first day of the US federal government shutdown. Andrew Caballero-reynolds | Afp | Getty Images A version of this article first appeared in the CNBC Property Play newsletter…
Steel worker at the blast furnace tap of the at the Salzgitter AG steelworks on March 02, 2020 in Salzgitter, Germany. Maja Hitij | Getty Images News | Getty Images The European Union’s decision to hike steel tariffs and sharply cut import quotas has provoked widespread concern in the U.K., as well as rumblings of…
