Economy
The U.S. freezes new immigrant visas for 75 countries: See the full list
The U.S. State Department announced Wednesday it will pausissuing immigrant visas to citizens of 75 countries over concerns that they may rely on public assistance in the future. In a post on X, the U.S. government said immigrants from the list of countries “take welfare from the American people at unacceptable rates.” The list, which […]
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Stocks making the biggest moves midday: Biogen, Rivian, Bank of America, Airbnb & more
Check out the companies making headlines in midday trading. Biogen — The biotech’s stock tumbled more than 4% after the company warned it would need to take a $222 million pretax charge in the fourth quarter. The company said the charge, which includes research-and-development expenses and milestone payments, will lower its net income by about […]
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Sen. Warren says Trump called her to work on credit card interest rate caps
Key Points Sen. Elizabeth Warren, D-Mass., told CNBC that President Donald Trump reached out on Monday to discuss capping interest rates on credit cards. The president called Warren, the Senate Banking Committee ranking member, after she made a speech on how Democrats can win the 2026 midterm elections. Republicans on Capitol Hill have lightly thrown […]
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Supreme Court tariff ruling: It’s not just about refunds. Volume of U.S. freight trade could hinge on decision
A demonstrator outside the US Supreme Court in Washington, DC, US, on Wednesday, Nov. 5, 2025. Eric Lee | Bloomberg | Getty Images The looming U.S. Supreme Court decision on the legality of many of President Donald Trump’s tariffs has companies on edge as they eye potential refunds, but the ruling also could quickly influence […]
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Inflation data, bank earnings, Saks files for bankruptcy and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. With yesterday’s inflation data, I am once again reminded that my preference for beef over poultry is hurting my grocery bill. Stock futures are down this morning. The three major indexes are coming off a losing day. Here are five […]
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Stocks making the biggest moves premarket: Wells Fargo, Bank of America, Netflix & more
Check out the companies making headlines before the bell. Trip.com — The company’s stock plunged 13% after Reuters reported that Chinese market regulators are investigating the travel website. Netflix — Shares rose nearly 2%. Netflix is preparing an all-cash $72 billion bid for Warner Bros. Discovery’s studios and HBO Max, The Wall Street Journal reported […]
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Tariffs and AI’s downside pose top global risks for business, World Economic Forum says
A photograph shows a sign at the Congress Centre on the opening day of the World Economic Forum annual meeting in Davos, Switzerland, Jan. 16, 2023. Fabrice Coffrini | AFP | Getty Images Global power rivalries and strategic standoffs top the list of most severe near-term risks heading into 2026, according to the World Economic […]
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China’s annual trade surplus hits a record $1.2 trillion as December exports sharply beat estimates
QINGDAO, CHINA – JANUARY 13, 2026 – The cargo ship is loading and unloading foreign trade containers at Qingdao Port in Qingdao City, Shandong Province, China on January 13, 2026. Cfoto | Future Publishing | Getty Images China’s exports growth in December sharply beat expectations, catapulting the annual trade surplus to a record high, even […]
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A major development in Trump’s Fed feud is set to happen next week in the Supreme Court
President Donald Trump speaks at the Detroit Economic Club in Detroit, Jan. 13, 2026. Evelyn Hockstein | Reuters As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence will shift to the Supreme Court. On Jan. 21, the high court will hear […]
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Stocks making the biggest moves midday: JPMorgan, Moderna, Boeing, Cardinal Health, Chipotle & more
Check out some of the companies making the biggest moves midday: JPMorgan Chase — The largest bank in the U.S. dropped more than 3%, trading near session lows, after investment banking fees fell, missing expectations. JPM’s chief financial officer signaled that the banking industry could push back against President Donald Trump’s call for a one-year […]
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