Year: 2026
Trump lowered ‘temperature’ on Minnesota, wants to avoid shutdown: Bessent
Treasury Secretary Scott Bessent speaking to CNBC on Jan. 28th, 2026. CNBC President Donald Trump has “brought down the temperature” on civil unrest in Minnesota over aggressive federal immigration efforts there, Treasury Secretary Scott Bessent said Wednesday. Trump is now “urging” lawmakers to take action to avoid triggering a partial government shutdown amid disputes over […]
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AI industry looks to repeat crypto lobbying success and put war chest to work in midterm elections
The polling site at Davies Student Center on Election Day, Nov. 5, 2024 at the University of Wisconsin-Eau Claire in Eau Claire, Wisconsin. The Washington Post | The Washington Post | Getty Images The age of the AI super PAC is here, and it has ballot boxes across the U.S. in its sites ahead of […]
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JPMorgan Chase and Bank of America to match $1,000 U.S. contributions to employee ‘Trump accounts’
Key Points JPMorgan Chase and Bank of America said Wednesday in separate announcements that the firms will match the U.S. government’s one-time $1,000 contribution to new children’s retirement savings accounts for eligible employees, the latest financial firm to announce such a measure. The so-called “Trump accounts” are part of a pilot program that deposits $1,000 […]
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Allbirds becomes latest retailer to close brick-and-mortar stores in shift to online focus
A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021. Al Drago | Bloomberg | Getty Images Shoe brand Allbirds on Wednesday became the latest retailer to shift its focus from physical stores to online retail to increase profitability. The company announced that it will close […]
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New York Mayor Mamdani says city must hike taxes on rich to fill $12 billion deficit
New York Mayor Zohran Mamdani on Wednesday said the city’s wealthiest must pay more in taxes to help fill the staggering $12 billion budget deficit he was left by his predecessors. Mamdani, in an interview with CNBC’s Andrew Ross Sorkin at City Hall, said his administration will be up front with New Yorkers about budget […]
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The dollar could have further to fall as its decline creates a ‘double-edged sword’ for America
Skaman306 | Moment | Getty Images The dollar is in a bear market, market watchers said on Wednesday, as one warned the weaker greenback is a “double-edged sword” for the U.S. economy. Tuesday saw the dollar suffer its worst one-day slide since April — when Trump’s so-called “liberation day” announcements sparked what became known […]
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Ex-Palantir engineer raises $40 million for cyber startup Outtake, with backing from Microsoft CEO Nadella
Alex Dhillon, CEO and founder of Outtake Courtesy: Abiola Familusi Alex Dhillon spent almost five years at Palantir before leaving to build cybersecurity startup Outtake. Now his former boss is helping fuel his new company’s growth, alongside a roster of investors that includes Microsoft CEO Satya Nadella. Outtake, which counts OpenAI and Bill Ackman’s Pershing […]
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Snap establishes Specs subsidiary for its AR glasses
The head of Snapchat operator Snap, Evan Spiegel, presents the new generation of Spectacles. Andrej Sokolow | Picture Alliance | Getty Images Snap on Wednesday said its unit working on the development of augmented reality glasses is now housed under a wholly owned subsidiary named Specs Inc. The company said the subsidiary will provide “greater […]
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The Fed meeting, Starbucks earnings, Amazon layoffs and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. When you work in journalism, there’s a new surprising story each day. Yesterday, it was about what gold investors can learn from King Henry VIII’s reign. S&P 500 futures are rising this morning after a winning day. Here are five key […]
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Greenland will not give in, PM says, as Denmark warns world order as we know it is over
Danish Prime Minister Mette Frederiksen and Greenland’s Prime Minister Jens-Frederik Nielsen hold each other as they leave the venue after a meeting in Nuuk, Greenland, on January 23, 2026. Jonathan Nackstrand | Afp | Getty Images Greenland Prime Minister Jens-Frederik Nielsen on Wednesday issued a defiant message on the Arctic island’s future, while Denmark warned […]
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