Economic News Room

Watch live: Trump to speak at U.S.-Saudi investment forum

Trump’s participation in the forum came after he signed a series of bilateral agreements with Saudi Crown Prince Mohammed bin Salman.

Trump tariffs face major legal hurdle as federal trade court hears challenge

Trump has long praised tariffs as a key tool for negotiating with other countries and collecting federal revenue.

UnitedHealth Group CEO Andrew Witty steps down, company suspends annual forecast

Witty will act as a senior advisor to his successor, Stephen Hemsley, who served as UnitedHealth Group’s CEO from 2006 to 2017.

Jim Cramer’s top 10 things to watch in the stock market Tuesday

A big call on Caterpillar. Plus, a leadership shakeup at UnitedHealth Group.

Hinge Health aims to raise up to $437 million in IPO, pricing at $28.00 to $32.00 per share

Hinge Health said in a filing on Tuesday that it plans to raise more than $437 million in its upcoming initial public offering.

RFK Jr. Takes Grandkids for a Swim in Toxic Sludge

Kennedy has proven, once again, that he is a deeply unconventional “health czar.”

CPI inflation April 2025:

The consumer price index was expected to increase 0.2% in April for a 2.4% annual inflation rate.

EU prepares new sanctions targeting Russia’s shadow fleet despite proposed Zelenskyy-Putin talks

The EU is preparing new sanctions on Russia despite a potential meeting between Vladimir Putin and Volodymyr Zelenskyy on Thursday, three sources told CNBC.

Shein and Temu find temporary reprieve as U.S. relaxes tariffs

The recent tariff cut has offered a window of opportunity for them to ramp up shipments from China and restock their warehouses and fulfill existing orders.

German reinsurers took a $1.9 billion profit hit from LA wildfires in first quarter

The wildfires, which devastated Los Angeles in January, led to claims worth almost $1.9 billion for two of the world’s biggest reinsurers.

U.S.-China trade war pushed global supply chain near breaking point, new data shows

Global supply chain and manufacturing anxiety was near a breaking point, new data indicates, ahead of the U.S.-China trade war de-escalation.

Op-ed: What comes next in U.S.-China trade talks should give us all pause

The U.S. and China displayed calm in Geneva, but the list is long of reasons why the next phase of trade talks may bring a new storm, writes Dewardric McNeal.

I lost $500 getting scammed on Facebook Marketplace: 4 red flags I shouldn’t have ignored

I’ve been writing about personal finance for about seven years and still, I fell for an online scam that cost me $500 via FB and Zelle. Learn from my mistakes.

OpenAI restructure plan gets SoftBank blessing as AI startup reportedly renegotiates Microsoft terms

The SoftBank CFO said OpenAI’s planned restructuring with the nonprofit keeping control is something that was expected.

Many Americans are struggling with food price inflation. Here’s how to save on groceries

Higher costs on essentials like groceries are impacting U.S. consumers. Here are ways to save, according to experts.

India’s inflation rate slows to 3.16% in April, marking six straight months of decline

India’s headline inflation eased to 3.16% in April, the sixth consecutive month of decline.

Stagflation is a looming economic risk—here’s what it may mean for your money

Risks of higher unemployment and higher inflation have risen, according to the Federal Reserve. Those factors may prompt stagflation.

Germany’s business leaders have a message for the country’s new government: It’s time to deliver

At the Tegernsee summit, business leaders urged Germany’s new government to turn campaign promises into reality.

The US is on track to lose $12 billion in travel revenue in 2025

Data from World Travel & Tourism Council show that US is set to lose $12.5 billion in travel revenue in 2025, with visitor spending estimated to fall under $169 billion by … Read More

Gold holds heavy loss as markets latch onto US-China optimism

Bullion traded near $3,240 an ounce — after losing 2.7% on Monday — with investors betting on a recovery in stocks and riskier assets.

Trump reduces tax on cheap imports from China

Hours after announcing a 90-day mutual reduction in tariff rates with China, the White House has followed up by confirming a similar reduction on duties for cheap imports from the … Read More

Dubai government to accept crypto payments through Crypto.com partnership

The partnership will help achieve the “Dubai Cashless Strategy,” which seeks to solidify Dubai’s status as a leading digital city.

Honda Motor reports 76% plunge in operating profit in huge earnings miss

SoftBank Vision Funds swing to annual loss as investment gains slow by 40%

Softbank’s Vision Fund business posted a loss in the fiscal year ended March as it posted slowing gains at its massive tech investment arm.

CNBC Daily Open: Is the trade agreement between the U.S. and China a ‘Trump put’?

Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

New Delhi remains focused on economy despite tensions with Pakistan: India ambassador to Singapore

Airports are open, and it is safe to travel in India, he added.

Investment banks lift China growth outlook after surprise trade deal with U.S.

Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.

Fintechs that raked in profits from high interest rates now face a key test

Fintechs like Revolut and Monzo got a revenue boost from higher interest rates. Now, they face a key test as rates decline.

U.S.-China tariff reprieve is enough to get products on the shelves in time for Christmas

Nearly a fifth of U.S. retail sales last year came from Christmas shopping, according to CNBC calculations based on data from the National Retail Federation.

More than half of the summer’s top trending travel destinations are in Asia

Tokyo, Osaka, Paris and Shanghai lead the world for growth in summer travel bookings, according to a report published Monday by Mastercard Economics Institute.

U.S. House Republicans seek to kill EV tax credit, loan program

The proposal would repeal a $7,500 new-vehicle tax credit and a $4,000 used-vehicle credit on Dec. 31.

Iron ore resumes drop on challenging outlook after trade boost

China’s steel market — the world’s largest — is poised to enter a seasonal off-peak period, a shift that’s set to put downward pressure on mills’ demand for raw materials … Read More

McDonald’s announces plans to hire 375,000 workers with Trump Labor secretary

Through its company-owned and franchised restaurants, McDonald’s is one of the nation’s largest private employers.

Toy stocks rally after Chinese tariffs slashed to 30%

Shares of Mattel, Hasbro, Jakks and Funko rallied on Monday after the U.S. agreed to temporarily reduce tariffs on China.

Google launches AI startup fund offering access to new models and tools

Amazon and Microsoft, OpenAI’s principal investor, are backing generative AI startups with hefty investments as well as developing their own technologies.

Trump Paused Some China Tariffs, but Stuff From Shein and Temu Will Remain Expensive

Those with an addiction for bargain basement shopping will have to wait.

Coinbase shares spike as crypto exchange set to join S&P 500, replacing Discover Financial

Coinbase is joining the S&P 500, replacing Discover Financial, which is being acquired.

Trump administration announces ‘illegal’ rollback of energy and water efficiency standards

The US Energy Department says it’s rolling back long-standing efficiency standards for appliances, which advocates are calling a clear violation of the law. Continuing the Trump administration’s assault on federal … Read More

GM says new battery chemistry will enable 400-mile range EVs

General Motors is teaming up with LG to develop lithium manganese-rich (LMR) batteries for its electric trucks and SUVs. The automaker says that the new chemistry is safer, more energy … Read More

If you survived the past few weeks of stock-market turmoil, should you now rethink your portfolio?

Advisers say now is a good time to gauge your appetite for risk.

Kimco Realty CEO details how shopping centers are changing: ‘It’s all about services’

Kimco Realty CEO Conor Flynn says the changing business environment at shopping centers highlights services in addition to traditional retail storefronts.

Jim Cramer says ‘it’s better to stay in, stay on and let her ride’ in this market

CNBC’s Jim Cramer parsed Monday’s market action and explained why it can be beneficial to stay in the market, even if the future is unpredictable.

Cramer’s Lightning Round: Energy Transfer is a buy

“Mad Money” host Jim Cramer rings the lightning round bell, which means he’s giving his answers to callers’ stock questions at rapid speed.

CNBC Daily Open: The U.S.-China deal revives markets and the idea of a ‘Trump put’

Over the weekend, both the U.S. and China agreed to reciprocally slash tariffs on each other for 90 days from 125% to 10% — much more than expected.

Trump wants to slash U.S. drug prices with ‘most favored nation’ policy – here’s what to know

Health policy experts said it is still unclear how much prices will go down, which medicines will be impacted and whether the effort can be implemented at all.

FAA launches Newark airport task force with Verizon, L3Harris executives

The Trump administration announced an emergency task force of executives from Verizon, L3Harris and the FAA to fix the communication issues at Newark airport.

After UK and China trade deals, tariff rate still highest since 1934, Yale report says

Imports face steep levies despite recent trade deals the Trump administration reached with China and the U.K.

Fidelity login glitch kept some investors out of their accounts as market rallied

Thousands of Fidelity customers were unable to log into their accounts on Monday. Here’s who it could have affected the most and what to do if it repeats.

Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit

Customs duties totaled $16.3 billion for the month, some 86% above the $8.75 billion collected during March.

House GOP tax bill calls for ‘SALT’ deduction cap of $30,000 for most taxpayers. Here’s who could benefit

The proposed House GOP tax bill raises ‘SALT’ deduction cap to $30,000 for most taxpayers. Here’s who would benefit the most, experts say.