Breaking News: Economy
Trump tariffs are fueling inflation, congressional budget chief says
Congressional Budget Office director Phillip Swagel said Monday that President Donald Trump’s tariffs appear to have pushed inflation up higher than CBO analysts had initially expected. His views differ from those of Wall Street analysts, many of whom have been bracing for tariff-driven price hikes, but have yet to see them in materialize. Speaking on CNBC’s […]
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Democrats dig in on health care as threat of government shutdown looms
U.S. Senate Minority Leader Chuck Schumer (D-NY) speaks to reporters as Senate Democratic leaders hold a press conference following their weekly policy lunch on Capitol Hill in Washington, D.C., U.S., Sept. 9, 2025. Elizabeth Frantz | Reuters Congressional Democrats are zeroing in on health care as a key sticking point in negotiations with the threat […]
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Poll: Trump’s job ratings stay negative; Americans express strong support for vaccines
U.S. President Donald Trump looks on while signing executive orders during a press availability in the Oval Office of the White House on September 05, 2025 in Washington, DC. Kevin Dietsch | Getty Images News | Getty Images Americans’ views of President Donald Trump’s job performance remain negative amid a flurry of activity from his […]
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Hilton CEO: The high-end customer has been super strong, but bifurcation won’t last long
CNBC’s Sara Eisen speaks with Hilton CEO Chris Nassetta to discuss the reopening of the Waldorf Astoria Hotel, luxury spending and tariff impact to global travel and bookings. Source
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‘Dear Canada’: U.S. tourist spots try to win back neighbors from the north
Visitors walk near in Old Orchard Beach, Maine, on July 22, 2025. Robert F. Bukaty | AP Photo The adage “time heals all wounds” is not holding true for Canadian travelers and their desire to vacation in America. Visits to the United States from Canada are down 25.2%, year to date, with a 37% year-over-year […]
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Why the end of ‘de minimis’ can hurt consumers — especially lower-income ones
Containers are loaded and unloaded at Port Jersey Container Terminal in New Jersey, on May 1, 2025. Mostafa Bassim/Anadolu via Getty Images The Trump administration is scrapping the “de minimis” rule on Friday, a move likely to raise prices for consumers who buy inexpensive goods online and that may trigger near-term shortages for certain items, […]
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Lisa Cook’s lawsuit against Trump skirts mortgage fraud allegation
Key Points Fed Governor Lisa Cook’s lawsuit against Donald Trump challenges his ability to remove her from office but only briefly addresses the central accusations that she committed mortgage fraud. Cook did call mortgage fraud accusations “unsubstantiated and unproven” without going into detail. In a statement to CNBC, Federal Housing Finance Agency Director Bill Pulte […]
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European Union to remove tariffs on U.S. industrial goods, triggering cuts for EU autos
Rows of Volkswagen ID Buzz electric buses are parked at the National City Marine Terminal, a major port for vehicle imports and exports to the U.S. Kevin Carter | Getty Images News | Getty Images The European Union formally proposed Thursday to remove tariffs on American industrial goods, fulfilling a key element of the U.S.-EU framework […]
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U.S. economy expanded 3.3% in Q2, with growth even stronger than initially thought
A shopper holds Macy’s bags outside the company’s flagship store in the Herald Square neighborhood of New York, July 15, 2025. Alan Chin | Bloomberg | Getty Images The U.S. economy grew at a pace that was faster than expected in the second quarter as consumers and businesses held up against tariff volatility. Gross domestic […]
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Fed Governor Lisa Cook sues Trump to block her firing
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images Federal Reserve Board Governor Lisa Cook on Thursday sued President Donald Trump, seeking to block his unprecedented move to fire her. The suit, filed in federal […]
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