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Trump threatens to withhold California’s federal funding over transgender athlete

by CNBC Markets | May 27, 2025 11:05 pm | US Markets

Trump’s post targeting California and Gov. Gavin Newsom over a trans athlete comes as he threatens to cancel federal funds over conduct he opposes.

Dow rips 600 points higher on EU tariff delay, consumer confidence surge: Live updates

by CNBC Markets | May 27, 2025 10:05 pm | US Markets

President Donald Trump said over the holiday weekend that he agreed to delay tariffs of 50% on the European Union.

Japan’s Nippon expected to close acquisition of U.S. Steel at $55 per share, sources say

by CNBC Markets | May 27, 2025 10:04 pm | US Markets

President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.”

Trump hails ‘positive’ step in U.S.-EU trade negotiations as markets hope for a deal

by CNBC Markets | May 27, 2025 8:05 pm | US Markets

“I have just been informed that the E.U. has called to quickly establish meeting dates,” Trump wrote in a post on the Truth Social platform.

Consumer confidence for May was much stronger than expected on optimism for trade deals

by CNBC Markets | May 27, 2025 8:05 pm | US Markets

Optimism got a much-needed boost in May on hopes for trade pace between the U.S. and China, according to a survey Tuesday.

Trump advisor Hassett says ‘we don’t want to harm’ Apple with iPhone tariffs

by CNBC Markets | May 27, 2025 8:05 pm | US Markets

Trump advisor Hassett says ‘we don’t want to harm’ Apple with iPhone tariffs

JPMorgan Chase is heading upmarket to woo America’s millionaires

by CNBC Markets | May 27, 2025 7:09 pm | US Markets

The new locations, dubbed J.P. Morgan Financial Centers, have a feel and earth-tone color palette that sets them apart from the nearly 5,000 Chase branches.

Trump administration moves to cut rest of Harvard contracts with federal government

by CNBC Markets | May 27, 2025 7:09 pm | US Markets

President Donald Trump in a social media post suggested taking $3 billion in frozen grant money to Harvard and and give it to trade schools.

Dow futures rise 400 points after Trump announces extension on EU tariff: Live updates

by CNBC Markets | May 27, 2025 4:04 am | US Markets

The three major indexes are coming off a losing week and long weekend.

It’s the last chance for Southwest plane tickets with two free checked bags, as policy ends in days

by CNBC Markets | May 26, 2025 6:06 pm | US Markets

Southwest on May 28 will start selling basic economy tickets and charging for checked bags for the first time in its history.

Businesses are finding a workaround for tariffs — and it’s entirely legal

by CNBC Markets | May 26, 2025 5:09 pm | US Markets

The “first sale rule” is a concept in U.S. customs law that allows importers to use the lowest cost of a good to calculate duties.

‘Buckle up, this ride’s far from over’: Trump’s EU tariffs delay is no guarantee trade tensions won’t escalate, market watchers say

by CNBC Markets | May 26, 2025 5:09 pm | US Markets

Investors are being warned to “buckle up” for more volatility after U.S. President Donald Trump delayed the roll out of 50% tariffs on the European Union.

Chinese tech giants reveal how they’re dealing with U.S. chip curbs to stay in the AI race

by CNBC Markets | May 26, 2025 5:09 pm | US Markets

Tencent and Baidu said stockpiling chips, optimizing AI models and using home-grown semiconductors have helped them progress with the tech.

Sweden’s Volvo Cars to cut 3,000 jobs as part of major cost-cutting drive

by CNBC Markets | May 26, 2025 5:09 pm | US Markets

The move comes after the company announced an 18 billion Swedish kronor ($1.89 billion) cost and cash action plan late last month.

Xiaomi takes aim at Tesla’s bestselling car in China with its longer-range YU7

by CNBC Markets | May 26, 2025 5:09 pm | US Markets

Xiaomi late on Thursday revealed its YU7 SUV and claimed it would have a driving range of at least 760 kilometers (472 miles) on a single charge.

Trump delays 50% tariffs on EU to July 9

by CNBC Markets | May 26, 2025 5:03 am | US Markets

President of the European Commission Ursula Von der Leyen said that she had a “good call” with Trump, but needed until July 9 to “reach a good deal.”

Texas bill requiring Ten Commandments in public schools headed to governor’s desk

by CNBC Markets | May 26, 2025 3:04 am | US Markets

Gov. Greg Abbott is expected to sign the legislation. The state’s requirement of a Ten Commandments display follows similar laws in Louisiana and Arkansas.

Sen. Ron Johnson says there are ‘enough’ GOP senators to stall House budget bill

by CNBC Markets | May 26, 2025 12:04 am | US Markets

The Republican lawmakers’ concerns underscore the potentially difficult path ahead for the sweeping domestic policy package.

House budget bill draws Senate GOP pushback: ‘They’re going to explode the debt’

by CNBC Markets | May 25, 2025 10:03 pm | US Markets

The Republican lawmakers’ concerns underscore the potentially difficult path ahead for the sweeping domestic policy package.

House Speaker Johnson downplays deficit concerns as budget bill faces skeptics in Senate

by CNBC Markets | May 25, 2025 9:04 pm | US Markets

Speaker Mike Johnson rejected concerns that the “big, beautiful bill” will add to the federal deficit.
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