Breaking News: Economy
Trump says Murdochs are potential TikTok deal partners
U.S. President Donald Trump speaks in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters President Donald Trump said in an interview that aired Sunday that conservative media baron Rupert Murdoch and his son Lachlan are likely to be involved in the proposal to save TikTok in […]
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Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025. Ken Cedeno | Reuters Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a […]
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Jimmy Kimmel’s fate at ABC still up in air as talks with Disney reportedly continue
Randy Holmes | Contributor | Getty Images Jimmy Kimmel’s fate at ABC is still up in the air as talks with Disney reportedly continue. The late-night host is in ongoing discussions with Disney and ABC executives about the conditions under which his long-running show “Jimmy Kimmel Live!” could return to air, according to Variety, which […]
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Microsoft raises Xbox prices in U.S. due to economic environment
A gamer plays soccer title Pro Evolution Soccer 2019 on an Xbox console. Sezgin Pancar | Anadolu Agency via Getty Images Microsoft said on Friday that it will increase the recommended retail price of several Xbox consoles in the U.S. starting in October because of “changes in the macroeconomic environment.” The company said it would […]
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Miran says he doesn’t see tariffs causing inflation, putting him in minority on Fed committee
Key Points Federal Reserve Governor Stephen Miran told CNBC Friday that he doesn’t anticipate President Donald Trump’s tariffs will cause inflation. The governor also said that he believes Trump’s border policies will give rise to disinflation. Earlier this week, Miran dissented against the central bank cutting its key interest rate by a quarter percentage point. […]
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Fed Governor Miran says he did not tell Trump how he would vote on rates this week
Key Points Fed Governor Stephen Miran told CNBC on Friday that he spoke only briefly to President Trump before this week’s interest rate decision and was not pressured on how to vote. Questions have arisen about potential conflicts for Miran taking a leave as head of the Council of Economic Advisers, rather than resigning. However, […]
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Fed’s Kashkari advocates two more rate cuts this year as he sees limited tariff impact on inflation
Key Points Minneapolis Fed President Neel Kashkari said Friday that he expects tariffs to expert minimum long-term pressure on inflation, leaving room for multiple interest rate reductions ahead. Kashkari said a weakening labor market combined with the muted impact of the duties give him reason to advocate for at least a bit easier policy. Source
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Trump hints at ‘good news’ coming on the Russia-Ukraine war
U.S. President Donald Trump looks on next to Russian President Vladimir Putin during a press conference following their meeting to negotiate an end to the war in Ukraine, at Joint Base Elmendorf-Richardson, in Anchorage, Alaska, U.S., August 15, 2025. Kevin Lamarque | Reuters President Donald Trump indicated that a potential ceasefire between Russia and Ukraine […]
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Here are five key takeaways from the Fed’s big interest rate decision
U.S. Federal Reserve Chair Jerome Powell walks away at the end of a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters The Federal Reserve on Wednesday delivered on a widely anticipated quarter percentage point interest rate […]
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Johnson says Democrats will ‘lose that battle’ if shutdown hinges on ACA subsidies
House Speaker Mike Johnson accused Democrats in Congress on Wednesday of inserting “partisan political preferences” into the government funding fight, and said they are risking a shutdown if they don’t drop their demands. “It doesn’t make any sense, and they’re going to lose that battle,” Johnson said on CNBC’s “Squawk Box” of his Democratic colleagues. […]
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