Donald Trump
E.l.f. Beauty to acquire Hailey Bieber skincare brand Rhode in up to $1 billion deal
Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty Images E.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company […]
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JD Vance tells bitcoin conference that stablecoins don’t threaten the dollar
Vice President JD Vance speaks at Bitcoin 2025, Wednesday, May 28, 2025, in Las Vegas. John Locker | AP LAS VEGAS — Vice President JD Vance used his position on stage at the biggest bitcoin conference of the year to push the Trump administration’s efforts on stablecoin legislation, touting its potential benefits to the U.S. […]
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Trump says he’s not ‘chickening out’ on trade: ‘It’s called negotiation’
President Donald Trump on Wednesday pushed back against an emerging critique of his on-again, off-again tariff threats, which has been derisively summed up as the “TACO trade.” The term coined by a Financial Times columnist — which stands for “Trump Always Chickens Out” — describes a pattern in which Trump announces heavy new tariffs, sending […]
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Justice Department investigates California over trans athletes after Trump threatens funding
U.S. Attorney General Pam Bondi attends a press conference, as she unveils actions against the state of Maine, which is locked in a dispute with the Trump administration over transgender policy, at the Justice Department in Washington, D.C., U.S., April 16, 2025. Leah Millis | Reuters The Justice Department on Wednesday said that it was […]
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Macy’s cuts profit outlook as tariffs, promotions hit its business
Macy’s cut its full-year profit guidance on Wednesday even as it beat Wall Street’s quarterly earnings expectations. In a news release, the department store operator said it reduced its earnings outlook because of higher tariffs, more promotions and “some moderation” in discretionary spending. Macy’s stuck by its full-year sales forecast, however. For fiscal 2025, Macy’s […]
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The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on […]
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CNBC’s UK Exchange newsletter: An all-too-familiar dial tone from Vodafone
A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024. Bloomberg | Bloomberg | Getty Images This report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and […]
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SpaceX’s Starship explodes for third time in a row, Musk promises more frequent launches
Matt Farrah of Newcastle, Australia views SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company’s launch pad in Starbase, Texas, U.S., May 27, 2025. Joe Skipper | Reuters SpaceX’s Super Heavy booster and Starship rocket exploded during a test flight on Tuesday, the third […]
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Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government […]
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CNBC Daily Open: Elon Musk proves returning to the office has its benefits
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Studies regarding the benefits of return-to-office mandates have been mixed. Some find that hybrid workers are as productive as on-site ones, while others conclude that in-person work cultivates mentorship and training. In some cases, however, the results of being physically in the office […]
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