Donald J. Trump
Fed’s favorite core inflation measure hits 2.6% in January, as expected
Inflation eased slightly in January as worries accelerated over President Donald Trump’s tariff plans, according to a Commerce Department report Friday. The personal consumption expenditures price index, the Federal Reserve’s preferred inflation measure, increased 0.3% for the month and showed a 2.5% annual rate. Excluding food and energy, the core PCE also rose 0.3% for […]
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China vows to retaliate as necessary after Trump threatens another 10% tariff hike
Chinese President Xi Jinping and U.S. President Donald Trump. Dan Kitwoodnicholas Kamm | Afp | Getty Images China’s Ministry of Commerce said Friday that it “firmly opposes” U.S. President Donald Trump’s latest threat to ramp up tariffs on Chinese goods and vowed retaliation, if necessary. “If the U.S. insists on its own way, China will […]
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Senators grill Trump’s CFPB director pick: You are ‘on the Titanic, good luck’
Jonathan McKernan, U.S. President Donald Trump’s nominee to be the director of the Consumer Financial Protection Bureau, sits on the day he testifies during a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 27, 2025. Annabelle Gordon | Reuters President Donald Trump’s pick to lead the […]
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Watch live: Trump holds joint press conference with British Prime Minister Keir Starmer
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump and British Prime Minister Keir Starmer are holding a joint press conference at the White House on Thursday. Starmer and Trump were set to discuss the war […]
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Weekly jobless claims jump to 242,000, more than expected in latest sign of economic softening
Initial filings for unemployment benefits hit their highest level of the year last week in another potential signs of weakness in the labor market. Jobless claims for the week ended Feb. 22 totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the Dow Jones estimate for 225,000, according […]
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Standard Chartered still sees bitcoin hitting $500,000 despite recent selloff
Jakub Porzycki | Nurphoto | Getty Images Standard Chartered’s bullish crypto analyst still sees bitcoin’s price hitting $500,000 during Donald Trump’s presidency — even after a selloff that sank the world’s largest digital currency to a three-month low. Geoffrey Kendrick, who heads up digital assets research at Standard Chartered, told CNBC he believes bitcoin will […]
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Trump says Mexico, Canada tariffs will start March 4, plus additional 10% on China
U.S. President Donald Trump hosts his first cabinet meeting with Elon Musk in attendance, Washington, D.C., U.S., February 26, 2025. Brian Snyder | Reuters President Donald Trump on Thursday said that his proposed tariffs on Mexico and Canada will go into effect on March 4, and that China will be charged an additional 10% tariff […]
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Trump’s proposed ‘gold card’ visa comes with a hidden tax benefit
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. President Donald Trump’s proposed $5 million “gold card” for U.S. residency would be one the most expensive in the world, according […]
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Jeff Bezos orders Washington Post opinion pages to support ‘personal liberties and free markets’; top editor resigns
(L-R) Lauren Sanchez, Amazon founder Jeff Bezos, Google CEO Sundar Pichai and Tesla and SpaceX CEO Elon Musk attend the inauguration ceremony before Donald Trump is sworn in as the 47th US President in the US Capitol Rotunda in Washington, DC, on January 20, 2025. Saul Loeb | Afp | Getty Images Jeff Bezos, the […]
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The Federal Reserve’s favorite recession indicator is flashing a danger sign again
Eggs are displayed for sale in a Manhattan grocery store on Feb. 25, 2025 in New York City. Spencer Platt | Getty Images An ominous measure that the Federal Reserve considers a near sure-fire recession signal again has reared its head in the bond market. The 10-year Treasury yield passed below that of the 3-month […]
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