Donald J. Trump
Trump holds call with Xi, Chinese media says
President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday. The call was initiated by Trump, Beijing’s Ministry of Foreign Affairs said in a subsequent statement. The White House did not immediately respond to CNBC’s request for comment on the report. U.S. stock futures rose on news […]
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Family office deals slow in May with bets on nuclear batteries and AI testers
Key Points Nuclear energy startups are gaining steam with private investment firms of the ultra-rich. Billionaire Barry Sternlicht’s family office invested in Zeno Power, a nuclear battery firm, in May. These deals are set to grow with family offices wanting to capitalize on the AI’s power demands and President Trump’s recent executive order to boost […]
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Here’s how tariffs could affect the price of goods like shoes and sweaters
What is the true cost of tariffs? It’s debatable — not only because of political biases, but also because it’s far from straightforward to calculate just how much of the levies consumers end up paying. Even so, it’s possible to estimate how much the price of common items could increase under President Donald Trump’s various […]
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CNBC Daily Open: The health of the U.S. economy can depend on your viewing angle
Shoppers carry bags on Market Street in San Francisco, California, US, on Wednesday, Nov. 13, 2024. David Paul Morris | Bloomberg | 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 […]
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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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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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Musk whips opposition to Trump tax plan: ‘KILL the BILL’
Tesla CEO Elon Musk attends a cabinet meeting held by U.S. President Donald Trump at the White House in Washington, D.C., on April 30, 2025. Evelyn Hockstein | Reuters Elon Musk on Wednesday ramped up his attacks against the massive tax-cut bill President Donald Trump is pushing Congress to pass, claiming it will condemn America […]
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Sen. Ron Johnson rips into ‘immoral’ GOP spending bill: ‘I can’t accept it’
Republican Sen. Ron Johnson on Wednesday blasted President Donald Trump’s “one big, beautiful bill” as “immoral” and “grotesque,” and reiterated that he will vote against it unless his GOP colleagues make major changes. “This is immoral, what us old farts doing to our young people,” Johnson said on CNBC’s “Squawk Box” after sounding alarms that […]
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Immigrant said to be framed for writing Trump threat letters remains detained, for now
ICE arrested Ramon Morales-Reyes, a 54-year-old from Mexico on May 22, 2025. Courtesy: U.S. Homeland Security An undocumented immigrant who prosecutors say was framed by a jail inmate for writing threatening letters about President Donald Trump was ordered Wednesday to remain detained by an immigration judge in Chicago to give a government lawyer more time […]
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Trump tax bill would add $2.4 trillion to deficits, Congressional Budget Office says
President Donald Trump’s “big, beautiful bill” would add $2.4 trillion to federal budget deficits over the next decade, the Congressional Budget Office estimated Wednesday. The bill passed by House Republicans last month would decrease federal spending by $1.3 trillion, but also see a a $3.7 trillion drop in revenues, according to the CBO’s latest analysis. The […]
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