Economy
Bessent says Powell attending Supreme Court arguments on Lisa Cook is a mistake
Key Points CNBC reported Monday, citing a person familiar with the matter, that Powell plans to be present for oral arguments in a case that challenges Trump’s power to remove governor Lisa Cook. “I actually think that’s a mistake,” Bessent told CNBC’s Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. […]
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Davos, Trump’s Greenland tariffs, Stellantis’ tough run and more in Morning Squawk
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Happy Tuesday. Breaking news this morning: Netflix submitted an all-cash offer for Warner Bros. Discovery‘s assets, the latest twist in the fight for the media giant’s studio and streaming businesses. CNBC reported last week that Netflix was likely to adjust its bid. […]
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Bessent says Trump’s pick for the next Fed chair could happen next week
Key Points After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent told CNBC on Tuesday. “My guess is the president will reach a decision maybe as soon as next week,” he said during the interview at the World Economic […]
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Stocks making the biggest moves premarket: Nvidia, JB Hunt, 3M, Micron & more
Check out the companies making headlines before the bell: Nvidia — The chipmaker dropped around 2% to lead tech shares lower, with traders trimming positions in the AI giant as global trade tensions escalate following President Donald Trump’s latest tariff threat over Greenland. J.B. Hunt Transport Services — The transportation and logistics company fell more […]
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Greenland’s freshwater reserves seen as ‘frozen capital’ as water becomes a national security issue
Water is a finite resource — and increasingly a national security issue, analysts told CNBC. Water demand is expected to outpace supply by as much as 40% in 2030, according to a 2023 landmark report on the economics of water. At the same time, climate change is affecting weather patterns and once water-abundant areas are […]
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China keeps benchmark lending rates unchanged despite slowing economic growth
BEIJING, CHINA – JANUARY 06: The People’s Bank of China (PBOC) building is seen on January 6, 2025 in Beijing, China. Visual China Group | Getty Images China’s central bank kept its loan prime rates unchanged on Tuesday as the authorities focus on targeted support for specific sectors to bolster a slowing economy instead of […]
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Gold and silver surge to fresh highs as investors digest Trump’s push for Greenland and flock to safer assets
Gold and silver surged to fresh highs just days after breaking previous records, as investors flock to safe-haven assets amid a choppy geopolitical and economic outlook. U.S. gold futures for February delivery rose 1.71% to $4,674.20 per ounce on Monday, after earlier hitting a record high last week. Spot gold was 1.6% higher at $4,668.14. It comes after U.S. President Donald Trump announced […]
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UK looks to work its magic on Trump to defuse Greenland tariff threat, calling for calm
U.S. President Donald Trump meets with British Prime Minister Keir Starmer at Trump Turnberry golf course in Turnberry, Scotland, Britain, July 28, 2025. Evelyn Hockstein | Reuters U.K. Prime Minister Keir Starmer called for cool heads as tensions rise between Washington and its European allies after U.S. President Donald Trump threatened to impose fresh tariffs on […]
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Europe weighs using trade ‘bazooka’ against the U.S. as Greenland crisis deepens
A protester takes part in a demonstration to show support for Greenland in Copenhagen, Denmark, on Jan. 17, 2026. Tom Little | Reuters European states are reportedly considering retaliatory tariffs and broader punitive economic counter-measures against the U.S. after President Donald Trump threatened fresh export levies, deepening a rift over Greenland. Trump announced Saturday that eight […]
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China birthrate shrinks to lowest on record as policies fail to to lift births
TANGSHAN, CHINA – JANUARY 01: A nurse feeds a newborn baby at a maternal and child health hospital on the first day of 2026 on January 1, 2026 in Tangshan, Hebei Province of China. (Photo by Zhu Dayong/VCG via Getty Images) Zhu Dayong | Visual China Group | Getty Images China’s birthrate fell to a […]
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