President Donald Trump‘s recently announced 15% global tariff will likely be implemented sometime this week, rising from its current rate of 10%, Treasury Secretary Scott Bessent said on Wednesday. Bessent also predicted that U.S. tariff rates would, by August, effectively return to where they stood before the Supreme Court recently struck down the often-steeper duties…
MINNEAPOLIS — Target on Tuesday posted another quarter of falling revenue and customer traffic at its stores, though its shares rose as the retailer’s earnings beat estimates and it said it is poised to end its sales slump. The big-box retailer, which is in the middle of a turnaround effort, said sales and traffic trends…
On Friday, the CNBC Investing Club held its February Monthly Meeting, where Jim Cramer and Director of Portfolio Analysis ran through each stock in the portfolio. Jim put a special focus on the Club stocks within the artificial intelligence trade. He’s dubbed them the “Fourth Industrial Revolution stocks,” borrowing the term from Nvidia CEO Jensen…
Amazon on Friday unveiled a strategic partnership with OpenAI that includes an investment of up to $50 billion, the latest sign of deepening ties between the tech giant and the maker of ChatGPT. As part of the deal, OpenAI will use more Amazon Web Services infrastructure, including a commitment to deploy 2 gigawatts of the…
The US Court of International Trade in New York, US, on Thursday, April 24, 2025. Bloomberg | Bloomberg | Getty Images The Trump administration’s Department of Justice is nearing its first big legal deadline in the wake of the U.S. Supreme Court ruling that President Donald Trump‘s tariffs issued under the International Emergency Economic Powers…
eBay’s headquarters in San Jose, California, U.S. Bloomberg | Getty Images EBay said Thursday it is cutting about 800 roles, or 6% of its workforce, in the latest round of layoffs at the e-commerce company. “We are taking steps to reinvest across our business and align our structure with our strategic priorities, which will affect…
Ranking member Sen. Elizabeth Warren, D-Mass., questions Treasury Secretary Scott Bessent during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Financial Stability Oversight Council’s Annual Report to Congress,” in Dirksen building on Thursday, Feb. 5, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty Images Democratic Sen. Elizabeth Warren is calling President…
A worker unloads packages from a FedEx truck on Cyber Monday in New York, US, on Monday, Dec. 1, 2025. Bess Adler | Bloomberg | Getty Images Federal Express on Monday sued the U.S. government, seeking a “full refund” of the money the shipping giant paid for tariffs unilaterally imposed last year by President Donald…
People walk in front of the U.S. Supreme Court building on their way to attend oral arguments on President Donald Trump’s bid to preserve sweeping tariffs after lower courts ruled that Trump overstepped his authority, in Washington, Nov. 5, 2025. Nathan Howard | Reuters The Supreme Court struck down a centerpiece of President Donald Trump’s…
U.S. President Donald Trump gestures as he speaks during a press briefing at the White House, following the Supreme Court’s ruling that Trump had exceeded his authority when he imposed tariffs, in Washington, D.C., U.S., January 20, 2026. Kevin Lamarque | Reuters The Supreme Court’s decision Friday to throw out a large number of tariffs…
