Donald J. Trump
Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases […]
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Nike stock soars 17% after CEO soothes investors, says recovery is on the horizon
Nike stock soared 17% on Friday after the company said the worst of its struggles are behind it, following a better than feared fiscal fourth-quarter earnings report. Nike on Thursday reiterated it would take the biggest financial hit from its turnaround plan during the quarter, soothing investors who worried President Donald Trump’s tariff hikes on […]
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Supreme Court limits judges’ power to halt Trump’s birthright citizenship order
People hold a sign as they participate in a protest outside the U.S. Supreme Court over President Donald Trump’s move to end birthright citizenship as the court hears arguments over the order in Washington, May 15, 2025. Drew Angerer | Afp | Getty Images The Supreme Court on Friday limited federal judges from issuing universal […]
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UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images U.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump’s trade policy hit the […]
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SpaceX crane collapse in Texas being investigated by OSHA
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty Images A SpaceX crane collapse at the company’s Starbase, Texas facility on Tuesday has prompted an investigation by the Occupational Safety and Health Administration, the federal agency told CNBC in […]
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Trump’s war against the Powell Fed has taken another political turn
Key Points Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank. In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone […]
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Tesla head of manufacturing Omead Afshar fired by Elon Musk
Elon Musk, chief executive officer of Tesla Inc., and Omead Afshar, left, leave an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. Qilai Shen | Bloomberg | Getty Images Tesla CEO Elon Musk has fired Omead Afshar, the automaker’s vice president of manufacturing and operations, CNBC […]
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Trump trade deadline of July 9 ‘not critical’: White House
President of the United States Donald Trump arrives at Huis ten Bosch Palace for a dinner ahead of the Nato Summit 2025 on June 24, 2025 in The Hague, Netherlands. Patrick Van Katwijk | Getty Images President Donald Trump could extend his upcoming self-imposed tariff pause deadlines, the White House said Thursday. Asked if Trump […]
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How the Republican megabill targets immigrant finances
Key Points Republican legislation known as the “One Big Beautiful Bill Act,” which has President Donald Trump’s backing, would make the financial lives of immigrants more difficult, experts said. That includes both immigrants who are here lawfully and unlawfully. The GOP would strip access to the child tax credit from certain immigrant households. Lawmakers would […]
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Police detain six outside Palantir office at protest over deportations, military work
A woman walking past the logo of U.S. big data analytics software company Palantir Technologies during the World Economic Forum annual meeting in Davos, Switzerland. Fabrice Coffrini | AFP | Getty Images Six people were taken into custody by police on Thursday as a group blocked the entrance to the New York office of Palantir […]
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