Economy
In photos: Trump lands in China ahead of high-stakes summit with Xi
President Donald Trump landed in Beijing on Wednesday evening local time, kicking off a two-day summit with Chinese leader Xi Jinping, the first such meeting in nearly nine years. The president was greeted at the airport by China’s Vice President Han Zheng, a military band, and hundreds of young people waving flags. Trump is scheduled […]
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Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
An Allegiant Air plane lands at Harry Reid International Airport on July 26, 2022, in Las Vegas. Chase Stevens | Las Vegas Review-Journal | Tribune News Service | Getty Images Allegiant Travel Co.’s acquisition of Sun Country Airlines closed on Wednesday, and the chief executive of the combined company, Greg Anderson, said Allegiant Air will […]
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Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when […]
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Analysis: Trump finally gets his man at the Fed. Will Kevin Warsh disappoint him?
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images It has taken eight and a half years, but on Wednesday President Donald Trump finally […]
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Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
Wholesale prices in April posted their highest annual increase in more than three years, signaling more nettlesome inflation as pipeline costs intensify. The producer price index rose a seasonally adjusted 1.4% for the month, much higher than the 0.5% Dow Jones consensus forecast and the upwardly revised 0.7% March increase, the Bureau of Labor Statistics […]
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Inflation jumps, Altman’s testimony, Huang joins Trump’s China visit and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Wednesday. In yesterday’s edition of this newsletter we told you about President Donald Trump’s plan for a gas tax holiday, but I wouldn’t get your hopes up just yet. S&P 500 futures are higher this morning after a losing session. Here […]
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Stocks making the biggest moves premarket: Alibaba, EchoStar, Micron & more
Check out the companies making the biggest moves premarket: EchoStar — Shares rose nearly 4.5% after the Federal Communications Commission approved the company’s $40 billion sale of wireless spectrum to AT & T and SpaceX. The company is selling 50 megahertz of its spectrum to AT & T and 65 megahertz to SpaceX. Alibaba — […]
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Europe is still a hot destination for U.S. tourists, says Mastercard’s Michelle Meyer
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Michelle Meyer, Mastercard Economics Institute chief economist, joins ‘Power Lunch’ to discuss the state of the travel economy, how its changing and much more. Source
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Companies start getting tariff refunds after Supreme Court decision
Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional, the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has […]
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Senate confirms Kevin Warsh as Fed governor, clears way for chair vote
Kevin Warsh took another step towards becoming Federal Reserve chair on Tuesday, clearing a key Senate vote that puts him on the central bank Board of Governors. The upper chamber voted to approve Warsh’s nomination by a 51-45 vote, on a mostly party-line basis. Only Sen. John Fetterman, D-Pa., crossed lines to vote for President […]
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