Breaking News: Economy
War-weary Syria will be hurt further by Trump’s 41% tariff rate — the highest on earth
U.S. President Donald Trump meets with Syrian President Ahmed al-Sharaa in Riyadh, Saudi Arabia, in this handout released on May 14, 2025. Saudi Press Agency | Via Reuters In May, speaking to a rapt crowd in the Ritz-Carlton Riyadh, U.S. President Donald Trump stunned listeners by announcing he would be ordering the full lifting of […]
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Russia weighs in on U.S.-India tariff spat, saying New Delhi can choose its own trade partners
Russia’s President Vladimir Putin bids farewell to India’s Prime Minister Narendra Modi following their meeting at the Kremlin in Moscow, Russia July 9, 2024. Gavriil Grigorov | Via Reuters Russia on Tuesday weighed into the growing spat between India and the U.S., with the Kremlin saying New Delhi is free to choose its own trading […]
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Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers
Premium collection of dark, milk and white chocolates. Anna Kurzaeva | Moment | Getty Images U.S. buyers of Swiss products, from luxury watches and skincare to artisan chocolates, could soon face sharp price rises if negotiators are unable to strike a deal to avert 39% tariffs due to come into effect on Thursday. The announcement […]
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Russia’s economy ‘stinks,’ Trump says, and lower oil prices will stop its war machine
(COMBO) This combination of pictures created on February 21, 2020 shows US President Donald Trump delivers remarks at a Keep America Great rally in Phoenix, Arizona, on February 19, 2020. Russian President Vladimir Putin delivers a speech during a ceremony in Jerusalem on January 23, 2020 commemorating the people of Leningrad during the Second World […]
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Watch CNBC’s full interview with President Donald Trump
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email President Donald Trump joins ‘Squawk Box’ via phone to discuss the latest news affecting markets and the country’s economic goals. 39:56 Tue, Aug 5 20259:07 AM EDT Source
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Jobs data revisions are common. Here’s how the process works.
President Donald Trump fired the commissioner of the Bureau of Labor Statistics, claiming that last week’s jobs report “was rigged” without providing any evidence. But former Labor Statistics officials say that the commissioner typically doesn’t have a role in preparing the monthly jobs report. “There’s no way for that to happen,” said William Beach, Trump’s […]
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Trump stokes conspiracies about jobs data, as White House defends firing BLS chief
U.S. President Donald Trump walks towards reporters from Marine One at at the Lehigh Valley International Airport on August 03, 2025 in Allentown, Pennsylvania. Anna Moneymaker | Getty Images President Donald Trump and one of his top economic advisors on Monday stoked baseless conspiracies about federal jobs data, suggesting without evidence that Friday’s weaker-than-expected employment […]
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EU will delay planned U.S. tariffs for six months to allow for trade talks
U.S. President Donald Trump meets with European Commission President Ursula von der Leyen, in Turnberry, Scotland, Britain, July 27, 2025. Evelyn Hockstein | Reuters The European Union announced Monday that it will suspend for six months its planned countermeasures against the United States’ tariffs, which which were set to take effect this week. “On 27 […]
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Housing to remain weakest part of economy, falling 8% in the second half, Goldman says
The housing market will hamper economic growth in the second half of the year, according to Goldman Sachs. Residential investment should fall 8% in the back-half of the year compared with the same period a year ago, Jan Hatzius, Goldman’s chief economist, told clients in a Sunday note. Declines in affordability and immigration are among […]
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Trump and Carney to speak in the coming days, Canadian official says
Canadian Prime Minister Mark Carney speaks during a press conference after a Cabinet meeting to discuss both trade negotiations with the US and the situation in the Middle East, at the National Press Theatre in Ottawa, Ontario, Canada on July 30, 2025. Dave Chan | Afp | Getty Images U.S. President Donald Trump and Canadian […]
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