Economy
Elon Musk rips into ‘utterly insane’ Trump-backed megabill
Elon Musk speaks during a press event with U.S. President Donald Trump (not pictured), at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | Reuters Elon Musk ripped into the Senate’s massive domestic policy package on Saturday, calling it “utterly insane” and destructive.” His remarks come weeks after he first hurled […]
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Trump loses latest bid to get Central Park Five defamation lawsuit tossed
U.S. President Donald Trump speaks during a meeting with Democratic Republic of the Congo’s Foreign Minister Therese Kayikwamba Wagner and Rwanda’s Foreign Minister Olivier Nduhungirehe in the Oval Office at the White House in Washington D.C., June 27, 2025. Ken Cedeno | Reuters A federal judge on Friday dealt another blow to President Donald Trump’s […]
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What’s in the Senate’s version of Trump’s spending bill — and who stands to benefit
U.S. Senate Majority Leader John Thune (R-SD) speaks at a press conference following the U.S. Senate Republicans’ weekly policy luncheon on Capitol Hill in Washington, D.C., U.S., June 10, 2025. Kent Nishimura | Reuters After weeks of sparring over the specifics of the “one big, beautiful bill,” the package is poised to soon head to […]
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Trump ends all U.S. trade talks with Canada over digital services tax
U.S. President Donald Trump speaks during a meeting with Canadian Prime Minister Mark Carney at the G7 summit in Kananaskis, Alberta, Canada, June 16, 2025. Kevin Lamarque | Reuters President Donald Trump on Friday said the United States is immediately “terminating ALL discussions on Trade with Canada” in response to Ottawa’s decision to impose a […]
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3 forces driving a record week for stocks as 7 portfolio names hit new highs
It’s been a week of records for the U.S. stock market — and for several stocks in the CNBC Investing Club’s portfolio. The S & P 500 jumped to an all-time high of 6,187.68 Friday, while the tech-heavy Nasdaq Composite rose to a new record of 20,311.51. Both benchmark gauges advanced around 4% from last […]
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Deep inside U.S. economy, more sticker prices start going up due to tariffs, and inventory is headed down
Albany Times Union/hearst Newspapers | Hearst Newspapers | Getty Images On the surface of the U.S. economy, prices are higher. The latest inflation data out on Friday from the government showed a bigger uptick than forecast. On Thursday, Nike said it took a $1 billion hit due to tariffs and the fact that price increases […]
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Stocks making the biggest moves midday: Nike, Uber, Newmont, Trade Desk and more
Check out the companies making headlines in midday trading Nike — Shares of the sneaker giant jumped about 17% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, […]
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Core inflation rate rose to 2.7% in May, more than expected, Fed’s preferred gauge shows
People shop at a store in Manhattan on April 30, 2025 in New York City. Spencer Platt | Getty Images Prices that consumers pay rose slightly in May, while the annual inflation rate moved further away from the Federal Reserve’s target, according to a Commerce Department report Friday. The personal consumption expenditures price index, the […]
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Stocks making the biggest moves premarket: Nike, Core Scientific, Pony.ai and more
Check out the companies making headlines before the bell. Nike — Shares of the sneaker giant jumped 10% after Nike posted fiscal fourth-quarter results that beat expectations and said it expects profit and sales declines to moderate in the future. Nike said it has already taken its biggest financial hit from its turnaround efforts, and […]
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