Donald J. Trump
Treasury posts unexpected surplus in June as tariff receipts surge
A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters The U.S. government posted a surplus in June as tariffs gave an extra bump to a sharp increase in receipts, the Treasury Department said Friday. With government red ink swelling throughout […]
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TikTok loses bid to dismiss lawsuit alleging its ‘addictive design’ exploits kids
FILE PHOTO: TikTok app logo is seen in this illustration taken, August 22, 2022. Dado Ruvic | Reuters A judge this week rejected TikTok’s attempt to dismiss a lawsuit by the state of New Hampshire accusing it of using manipulative design features aimed at children and teens. “The Court’s decision is an important step toward […]
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Nvidia’s Jensen Huang sells more than $36 million in stock, catches Warren Buffett in net worth
Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Nvidia CEO Jensen Huang unloaded roughly $36.4 million worth of stock in the leading artificial intelligence chipmaker, […]
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Levi Strauss raises sales guidance, says it will absorb some tariff costs for now
Levi Strauss raised its full-year guidance Thursday and said it’s working to absorb some of the costs it’s facing from higher tariffs, but that could change as President Donald Trump’s trade policy evolves. The denim maker doesn’t disclose its key manufacturing hubs, but much of its supply comes from Southeast Asia. Many countries in the […]
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How Iconiq, the wealth firm backed by Mark Zuckerberg, brings ultra-rich philanthropists together
Meta CEO Mark Zuckerberg and Square CEO Jack Dorsey. Manuel Orbegozo | Handout | Reuters A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Even as tax changes may reduce giving by […]
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Norway’s Tesla obsession defies Europe’s Musk backlash
An electric car at a charging station in the Norwegian capital of Oslo on Sept. 25, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — Tesla continues to find solace in Norway, defying a sustained European slump amid a backlash over CEO Elon Musk’s incendiary political rhetoric. The U.S. electric vehicle maker recorded […]
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Trump’s 50% Brazil tariff stretches emergency powers already facing court challenge
United States President Donald Trump speaks to the Press before departs at the White House to Alligator Alcatraz, Florida on July 1, 2025, in Washington DC. Celal Gunes | Anadolu | Getty Images President Donald Trump’s politically charged new tariff threat — a blanket 50% duty on imports from Brazil — stretches an interpretation of […]
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Trump administration launches probe of DEI policy at George Mason University
Statue of George Mason on campus of George Mason University, Fairfax, Virginia. Robert Knopes | UCG | Universal Images Group | Getty Images The Department of Education said Thursday that it has opened an investigation into George Mason University’s hiring and promotion practices, the second federal probe of the Fairfax, Virginia, school launched in the […]
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Trump’s tariffs on Brazil could make your coffee even more expensive
President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S. Department of Agriculture. Coffee beans need to grow in a warm, tropical climate, making Hawaii […]
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Musk, X to face trial in Don Lemon lawsuit alleging breach of contract
Elon Musk (L) & Don Lemon Reuters (L) | Getty Images (R) Ex-CNN anchor Don Lemon’s lawsuit against tech billionaire Elon Musk and his social network X over the cancellation of their partnership can proceed to trial, a San Francisco judge ruled this week. Musk’s team had tried to get the case moved to a […]
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