China
CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation
Key Points Wells Fargo CEO Charlie Scharf said AI is boosting productivity but will likely reduce workforce size. Pfizer CEO Albert Bourla warned China is closing the biotech and pharmaceutical patent gap rapidly and said the U.S. needs to focus on innovation. Speaking at CNBC’s inaugural Invest in America Forum, both CEOs agreed that the […]
Read More
Fed’s Miran sees China trade tensions as a further reason for quick interest rate cuts
Key Points Fed Governor Stephen Miran said the latest impasse in trade talks between the U.S. and China poses new dangers to the economic outlook and makes the case for rate cuts even more urgent. Miran has advocated for another 1.25 percentage points in cuts on top of the quarter-point move the Federal Open Market […]
Read More
Treasury Secretary Bessent says a stock market decline won’t deter the U.S. from taking strong action against China
Treasury Secretary Scott Bessent insisted Wednesday that the U.S. won’t change its trade negotiating stance on China due to stock market volatility. “We won’t negotiate because the stock market is going down” or shy away from taking strong measures against Beijing for that reason, Bessent said in an exclusive interview at CNBC’s Invest in America […]
Read More
Trump’s new China threat, bank earnings, Boeing deliveries and more in Morning Squawk
Travis Hutchison, a soybean farmer, unloads his cargo from his family’s truck at a local grain dealer in Queen Anne, Maryland, on Oct. 10, 2025. Roberto Schmidt | AFP | Getty Images This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to […]
Read More
CNBC’s The China Connection newsletter: Beijing gears up for a big strategy meeting as tensions with Washington deepen
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story While tensions flare with the U.S., China is charting its course for the next five years. Chinese President Xi Jinping and the country’s top leaders, […]
Read More
Auto industry raises the alarm as China tightens export rules for rare earths
Workers assemble an Volkswagen’s ID.3 GTX FIRE+ICE electric car on a production line at the Volkswagen electric car factory on October 13, 2025 in Zwickau, Germany. Jens Schlueter | Getty Images News | Getty Images Automotive industry groups have raised the alarm over the ramifications of China’s latest move to restrict critical rare earth exports, […]
Read More
European stocks move higher as luxury brands drive early gains; France’s CAC up 2.5%
Traders work on the floor of the New York Stock Exchange during afternoon trading on Oct. 14, 2025 in New York City. Michael M. Santiago | Getty Images LONDON — European stocks rose during early trading Wednesday, with luxury brands driving gains, as the region’s markets rebounded after touching a two-week low in the previous […]
Read More
CNBC Daily Open: A Trump post drowns out positive developments for markets
U.S. President Donald Trump gestures during a meeting with President of Argentina Javier Milei in the Cabinet Room at the White House on Oct. 14, 2025 in Washington, DC. Kevin Dietsch | Getty Images U.S. stocks had a rocky day of trading, swinging from highs to lows like the quality of Game of Thrones across […]
Read More
CNBC’s UK Exchange newsletter: A showdown is brewing over Britain’s ‘investability’ problem
A line of cars on a car assembly line at the Vauxhall car factory in Ellesmere Port, Wirral, U.K. Colin Mcpherson | Corbis News | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch Few things have captured the British public’s imagination more […]
Read More
CNBC Daily Open: Trump has the last word on U.S. stocks
U.S. President Donald Trump speaks during a ceremony to posthumously award the Medal of Freedom to Charlie Kirk, in the Rose Garden patio at the White House in Washington, D.C., U.S., Oct. 14, 2025. Kevin Lamarque | Reuters U.S. stocks had a rocky day of trading, swinging from highs and lows like the quality of […]
Read More