Breaking News: Economy
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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Japan’s top trade negotiator cancels trip to U.S. over trade deal issues
Ryosei Akazawa, Japan’s economic revitalization minister, speaks to members of the media at the Japanese embassy in Washington D.C. on June 6, 2025. Bloomberg | Bloomberg | Getty Images Japan’s top trade negotiator Ryosei Akazawa canceled a trip to the United States on Thursday over issues related to the U.S.-Japan trade deal. In a statement, […]
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Stocks making the biggest moves after hours: Nvidia, Snowflake, CrowdStrike and more
Check out the companies making headlines in after-hours trading. Nvidia – Shares of the chip giant fell more than 3%. The company’s second-quarter results beat on the top and bottom lines, posting adjusted earnings of $1.05 per share and $46.74 billion in revenue. That’s compared with the $1.01 per share and $46.06 billion, respectively, that […]
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Taylor Swift’s engagement is such a big deal it’s moving the stock market. Here’s what’s moving
Tight end Travis Kelce, #87 of the Kansas City Chiefs, celebrates with Taylor Swift after the AFC championship football game against the Buffalo Bills, at GEHA Field at Arrowhead Stadium in Kansas City, Missouri, on Jan. 26, 2025. Brooke Sutton | Getty Images Sport | Getty Images Taylor Swift’s engagement announcement on Tuesday sparked the […]
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Trump White House pressures Fed Governor Lisa Cook to go on leave as lawsuit looms
White House National Economic Adviser Kevin Hassett prepares to give a live television interview at the White House in Washington, D.C., U.S., August 4, 2025. Jonathan Ernst | Reuters President Donald Trump’s top economic adviser, Kevin Hassett, said Wednesday that Federal Reserve Board of Governors member Lisa Cook should go on leave from the central […]
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An indicator of commercial real estate transaction volume just improved for the first time this year
Housing block in Warsaw, Poland Busà Photography | Moment | 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 and large public […]
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Fed’s John Williams stresses independence as Trump moves to fire Lisa Cook
New York Federal Reserve President John Williams on Wednesday stressed the importance of central bank independence as President Donald Trump looks to exert control over monetary policy. In a CNBC interview, the influential policymaker avoided commenting directly on Trump’s efforts to fire Fed Governor Lisa Cook but did note the important economic role the central […]
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