business news
South Korea’s new President Lee begins moves to tackle economic ‘crisis’
South Korean President Lee Jae-myung speaks during a press conference at the Presidential office in Seoul, South Korea, Wednesday, June 4, 2025. Ahn Young-joon | Via Reuters South Korea’s new President Lee Jae-myung held his first cabinet meeting on Thursday, focused on devising an emergency package to address stagnating economic growth and aid households, moving swiftly […]
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Trump bans citizens of 12 countries from entering the U.S.
The Trump administration signed a proclamation Wednesday suspending travel to the U.S. for citizens from 12 countries: Afghanistan, Myanmar, Chad, Congo, Equatorial Guinea, Eritrea, Haiti, Iran, Libya, Somalia, Sudan and Yemen. Citing national security interests, the proclamation states that the identified countries lack sufficient vetting and screening processes needed to detect foreign nationals who may […]
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Nintendo Switch 2 launches globally with shortages expected amid pent-up demand
A man checks out the special sales corner for Nintendo Switch 2 in front of an electronics retailer in Tokyo on June 5, 2025. Kazuhiro Nogi | AFP | Getty Images Nintendo‘s Switch 2 launched on Thursday and is widely expected to be in short supply globally amid pent-up demand for the more powerful next-generation gaming […]
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South Korea stocks extend post-election gains, hover near 10-month high amid mixed Asia markets
Sunset scene of light trails traffic speeds through an intersection in Gangnam center business district of Seoul at Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets traded mixed Thursday, after private sector hiring in the U.S. hit its lowest level in over two years, raising concerns that trade policy uncertainty […]
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CNBC Daily Open: The observed slowdown of the U.S. economy depends on your vantage point
Shoppers carrying bags in the Soho neighborhood of New York, US, on Wednesday, March 26, 2025. Yuki Iwamura/Bloomberg via Getty Images Based on payrolls processing firm ADP’s jobs report and the U.S. Federal Reserve “Beige Book,” the United States economy appears to be slowing. The number of private sector jobs created in May rose by […]
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Trump moves to block U.S. entry for foreigners planning to study at Harvard University
A Harvard sign is seen at the Harvard University campus in Boston, Massachusetts, on May 27, 2025. Rick Friedman | Afp | Getty Images President Donald Trump is moving to block nearly all foreign students from entering the country to attend Harvard University, his latest attempt to choke the Ivy League school from an international […]
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Trump orders investigation of Biden’s use of an autopen, claiming White House cover-up
President Donald Trump on Wednesday ordered his administration to investigate former President Joe Biden’s use of an autopen to sign pardons and other documents, increasing the pressure on his predecessor as House Republicans also requested interviews with members of Biden’s inner circle. An autopen is a mechanical device that is used to replicate a person’s […]
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Trump announces travel ban affecting a dozen countries set to go into effect Monday
US President Donald Trump speaks during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025. Saul Loeb | AfP | Getty Images President Donald Trump is resurrecting the travel ban policy from his first term, signing a proclamation Wednesday night preventing people from a dozen countries from entering the […]
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Judge blocks Trump administration from deporting family of Colorado attack suspect
A man reads a note placed on a memorial at the scene of an attack that injured multiple people, outside the Boulder County Courthouse, in Boulder, Colorado, U.S. June 2, 2025. Mark Makela | Reuters A federal judge on Wednesday temporarily barred the Trump administration from deporting the wife and five children of Mohamed Soliman, […]
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After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’
Inspiration4 mission commander Jared Isaacman, founder and chief executive officer of Shift4 Payments, stands for a portrait in front of the recovered first stage of a Falcon 9 rocket at Space Exploration Technologies Corp. (SpaceX) on February 2, 2021 in Hawthorne, California. Patrick T. Fallon | Afp | Getty Images Days after his nomination for […]
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