Breaking News: Politics
Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bank leader in prepared remarks cited […]
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Trump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
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 President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she […]
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FBI raids home of John Bolton, former Trump national security advisor
Former National Security Adviser John Bolton speaks to reporters after speaking in a panel hosted by the National Council of Resistance of Iran – U.S. Representative Office (NCRI-US) at the Willard InterContinental Hotel on August 17, 2022 in Washington, DC. Anna Moneymaker | Getty Images FBI agents on Thursday morning raided the Maryland home of […]
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Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025. Issei Kato | Reuters Major Japanese automakers have denied to CNBC that they have raised prices in the U.S. because of tariffs imposed by the Trump administration. That comes after a Nikkei Asia report on Thursday that […]
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Supreme Court allows Trump’s cuts to health research grants over DEI policies
The Supreme Court on Thursday allowed Trump administration broad cuts to National Institutes of Health grants as part of the federal government’s campaign against diversity, equity and inclusion policies. But in a mixed decision the court left in place a different part of the lower court judge’s ruling that threw out the administration’s guidance document that introduced the policy, […]
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Judge says Alina Habba, Trump’s top federal prosecutor in New Jersey, not lawfully appointed
US President Donald Trump looks on as Alina Habba speaks during a swearing in ceremony as US Attorney General for New Jersey, in the Oval Office of the White House in Washington, DC, on March 28, 2025. Saul Loeb | Afp | Getty Images A federal judge on Thursday disqualified acting U.S. Attorney for New […]
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Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here’s what Wall Street expects
Key Points Fed Chair Jerome Powell is set to deliver what almost certainly will be his last keynote address at the central bank’s annual conclave during one of the most tumultuous times in its history. Amid several controversies, Powell could use the speech to at least take a sideswipe at the political distractions even if […]
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Trump official signals DOJ will investigate Fed Governor Cook
The Department of Justice will investigate Federal Reserve Governor Lisa Cook based on a criminal referral sent by a Trump administration housing official and arch critic of central bank chairman Jerome Powell, according to a letter obtained by CNBC’s Sara Eisen on Thursday. The letter, addressed to Powell and signed by Justice Department attorney Ed […]
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House Democrats probe Paramount-Skydance merger over Trump dealings
U.S. Representative Jamie Raskin speaks during a House of Representatives Oversight Committee hearing on the Attempted Assassination of former President Donald J. Trump. Mostafa Bassim | Anadolu | Getty Images Two top House Democrats are investigating whether Paramount and Skydance Media acquiesced to “illegitimate demands” from President Donald Trump in order to win approval for […]
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Trump half-billion-dollar civil fraud penalty thrown out by appeals court
U.S. President Donald Trump stands next to Azerbaijan President Ilham Aliyev (not pictured) at the White House in Washington, D.C., U.S., August 8, 2025. Jessica Koscielniak | Reuters A New York state appeals court on Thursday threw out a more than $500 million civil business fraud penalty imposed on President Donald Trump. The appeals court […]
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