Breaking News: Economy
Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods
U.S. President Donald Trump points a finger as he delivers remarks in the Roosevelt Room at the White House in Washington, D.C., U.S., July 31, 2025. Kent Nishimura | Reuters U.S. President Donald Trump signed an executive order Thursday that modified “reciprocal” tariffs on dozens of countries, with updated duties ranging from 10% to 41%. […]
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Stocks making the biggest moves after hours: Apple, Reddit, Amazon, First Solar and more
Check out the companies making headlines in after-hours trading. Apple — Shares of the megacap tech giant rose 1%. The company said sales of its iPhones grew 13% year over year and overall revenue grew 10%, marking Apple’s largest quarterly revenue growth since December 2021. Apple reported $94.04 billion in revenue for its third quarter, […]
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Trump’s 50% copper tariff includes a major exemption. That won’t halt price rises
Copper rods in storage at the Aurubis AG metal refinery in Hamburg, Germany, on Wednesday, July 16, 2025. Bloomberg | Bloomberg | Getty Images A major exemption to President Donald Trump’s 50% copper tariff has shocked traders and sent U.S. market prices plummeting. The final order on copper tariffs, which the Trump administration says will […]
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Treasury Secretary Bessent says ‘we have the makings of a deal’ with China
Treasury Secretary Scott Bessent on Thursday expressed confidence that the U.S. and China are on the way to trade pact as a key tariff deadline nears. “I believe that we have the makings of a deal,” Bessent said during an interview on CNBC’s “Squawk Box.” “There’s still a few technical details to be worked out […]
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Trump’s tariff deadline is near. Here’s a look at countries that have a deal — and those that don’t
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the […]
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Divided Fed holds key interest rate steady, defying Trump’s demands for aggressive cuts
Key Points The Federal Open Market Committee voted 9-2 to keep the federal funds rate set in a range between 4.25%-4.5%. The decision was met with opposition from governors Michelle Bowman and Christopher Waller, both of whom have advocated for the Fed to start easing. This was the first time since late 1993 that multiple […]
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Fed meeting live updates: Traders wait to see how many central bank members go against Powell
The central bank is expected to keep its target rate at a range of 4.25% to 4.50%, but traders want to see whether any Fed governors go against the decision. Source
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Bessent says ‘not to panic’ over tariff rate surges on Aug. 1
U.S. Treasury Secretary Scott Bessent attends a press conference at government quarters Rosenbad after the trade talks between the U.S. and China concluded, in Stockholm, Sweden, July 29, 2025. Magnus Lejhall | TT | Via Reuters Treasury Secretary Scott Bessent on Wednesday urged corporate America, investors and U.S. trade partners “not to panic” if tariff […]
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Trump announces 25% tariff on India plus ‘penalty’ for trade with Russia
U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC. Alex Wong | Getty Images News | Getty Images President Donald Trump said Wednesday that India will pay a tariff of 25% beginning […]
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Architecture firms report decline in billings for commercial real estate
Two architecture teachers discuss a student’s final project work. Erdark | E+ | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
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