Year: 2026
Bessent says global 15% tariff starts this week, predicts Trump duties will return to old levels later this year
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 […]
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Gulf oil trade, Pentagon’s AI usage, Gen Z’s analog obsession and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. Treasury Secretary Scott Bessent told CNBC this morning that President Donald Trump’s 15% global tariff would be implemented this week. He also said the U.S. would make “a series of announcements” to support oil trade in the Gulf. Stock futures […]
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Remember Twitter? Elon Musk expected to testify over flip-flop in $44 billion buyout
Elon Musk looks on as President Donald Trump speaks at the US-Saudi Investment Forum at the John F. Kennedy Center for the Performing Arts in Washington, Nov. 19, 2025. Brendan Smialowski | Afp | Getty Images Since buying Twitter for around $44 billion in late 2022, Elon Musk has changed the name to X, merged […]
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Xiaomi trials humanoid robots in its EV factory — says they’re like ‘interns’
People look at Xiaomi’s humanoid robot ‘CyberOne’ during 2023 World Robot Conference at Beijing Etrong International Exhibition & Convention Center on August 18, 2023 in Beijing, China. Vcg | Visual China Group | Getty Images Xiaomi trialed its humanoid robots in its electric vehicle production plants, the company’s president told CNBC, as it looks to […]
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Stocks making the biggest moves premarket: Moderna, Ross Stores, Box, Gitlab and more
Check out the companies making headlines before the bell. Moderna — The biotechnology firm’s stock rose nearly 11% after it said it agreed to pay up to $2.25 billion to settle with Biopharma Corporation and Genevant Sciences GmbH a lawsuit over a Covid vaccine patent dispute. Ross Stores — Shares popped 7% after the off-price […]
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Big investors have been fleeing for-sale housing market, even before Trump ordered ban
In an aerial view, two-story single family homes line the streets on Jan. 14, 2026 in Thousand Oaks, California. Kevin Carter | Getty Images Legislation to ban institutional investors from buying single-family homes to rent is making its way through Congress, but many of them are already selling thousands of homes — and have been […]
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Sportswear giant Adidas drops 8% after profit guidance disappoints
The logo of Adidas is seen on a Gazelle sneaker for sale at a shop in Berlin, Germany, May 2, 2024. Lisi Niesner | Reuters Shares of Adidas fell as much as 8% on Wednesday after providing a disappointing 2026 outlook, as it grapples with unfavorable currency swings and a hit from U.S. tariffs. The […]
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Democrats tread cautiously around another Trump impeachment after ‘illegal’ Iran strikes
Rep. Al Green shouts as President Donald Trump addresses a joint session of Congress at the U.S. Capitol in Washington, D.C., on March 4, 2025. Win Mcnamee | Via Reuters Since the U.S. attack on Iran, congressional Democrats and opponents of President Donald Trump called the operation unconstitutional and vowed to rein-in the president. But […]
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China’s Xiaomi tells CNBC it’s planning a yearly smartphone chip release and its own AI assistant for overseas
The Xiaomi 17 Pro Max rear display flagship smartphone by Xiaomi displayed at Mobile World Congress in Barcelona, Spain, on March 3, 2026. Joan Cros | Nurphoto | Getty Images BARCELONA — Xiaomi plans to launch a new smartphone processor chip every year, the company’s President Lu Weibing told CNBC, underscoring the company’s ambition to […]
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‘No to war’: Spain PM hits back over Trump’s threats to cut trade over military base access
The President of the Government, Pedro Sanchez, speaks during the official opening dinner of the Mobile World Congress (MWC) Barcelona 2026, at the Museu Nacional d’Art de Catalunya, on 1 March 2026, in Barcelona, Catalonia, Spain. Europa Press News | Europa Press | Getty Images Spanish Prime Minister Pedro Sanchez on Wednesday doubled down on […]
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