Donald J. Trump
Trump administration appeals latest court loss on tariffs
The Trump administration on Friday appealed a court ruling that a 10% global tariff imposed in February was not justified under a 1970s trade law. The U.S. Court of International Trade ruled on Thursday in a 2-1 decision that Section 122 of the 1974 Trade Act was not meant to address trade deficits that occur […]
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Rocket Lab surges 30% to fresh highs on revenue beat, record-setting launch deal
Rocket Lab‘s stock blasted 30% to a record high after the space company topped first-quarter revenue estimates and announced its largest launch deal on record. The Long Beach, California-based company reported $136.7 million in revenue for its space systems business and $63.7 million for its launch segment. That topped FactSet estimates of $132.1 million and […]
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Trump threatens EU with ‘much higher’ tariffs if no trade deal signed by new deadline
U.S. President Donald Trump speaks during a Small Business Summit in the East Room at the White House in Washington, D.C., U.S., May 4, 2026. Kylie Cooper | Reuters President Donald Trump has said he will give the European Union until July 4 to ratify its trade agreement with the U.S., threatening to raise tariffs […]
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U.S. says it struck two Iran-flagged oil tankers trying to skirt blockade
A screengrab from a video released by U.S. Central Command (CENTCOM), which accompanied a press release describing the operation dubbed “Epic Fury”, an attack by the United States and Israel on Iran, shows a flight deck crew member signaling an F‑35 jet on an aircraft carrier, in this image obtained from social media released on […]
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Trump’s $1 million ‘Gold Card’ fails to catch on among the world’s wealthy
When President Donald Trump launched the “Gold Card” visa program last December, the official website promised U.S. residency in “record time.” A new court filing, however, suggests that applicants who pay $1 million for a Gold Card won’t get faster visas. The Gold Card, touted as a new kind of investment visa that would raise […]
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CNBC Daily Open: Leadership challenge swirls around Starmer
U.K. Prime Minister Keir Starmer leaves Downing Street on February 02, 2026 in London, United Kingdom. Alishia Abodunde | Getty Images News | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. It’s a tough time to go to the polls. That’s what U.K. […]
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Iran focus at Trump-Xi summit may delay progress on tariffs, rare earths
Key Points Iran war may dominate the first U.S. presidential visit to China since 2017. U.S. business delegation may be smaller than those other countries have brought to China recently, according to a source familiar with the matter. The timing of the next meeting — Chinese President Xi Jinping’s visit to the U.S. — is […]
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Oil resumes rally as U.S.-Iran fire exchange rattles fragile Hormuz ceasefire
In an aerial view, a Valero refinery is seen on May 5, 2026 in Corpus Christi, Texas. Brandon Bell | Getty Images Oil resumed its rally Friday after the U.S. and Iran exchanged fire in the Strait of Hormuz, fanning fears that the fragile ceasefire between the two countries was unraveling and threatening continued disruption […]
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Asia-Pacific markets set to open lower on fresh Iran-U.S. tensions following clashes
Offshore vessel ‘Zakher Duty’ at the Port of Fujairah, as the U.S.-Israel conflict with Iran limits marine traffic in the Strait of Hormuz, in Fujairah, United Arab Emirates, May 6, 2026. Amr Alfiky | Reuters Asia-Pacific markets were set to open lower Friday, as concerns grew over renewed hostilities between Iran and the U.S. amid […]
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Redistricting race to the bottom ramps up, as GOP eyes more states to draw new House maps
Demonstrators opposed to redrawing Florida’s Congressional map hold signs outside the Florida State Capitol in Tallahassee, Florida, US, on Tuesday, April 28, 2026. Malcolm Jackson | Bloomberg | Getty Images Tennessee’s Republican Gov. Bill Lee on Thursday signed into law a just-approved measure to eliminate the state’s lone Democrat-held congressional seat. It’s the latest move […]
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