Joe Biden
Janet Yellen says Treasury Department will need to take ‘extraordinary measures’ to avoid debt ceiling next month
Treasury Secretary Janet Yellen speaks with CNBC from the New York Federal Reserve on Sept. 26th, 2024. David A. Grogan | CNBC Treasury Secretary Janet Yellen warned congressional leaders Friday that the federal government will hit its debt limit as early as Jan. 14 unless Congress takes action or her department implements “extraordinary measures” to avoid default. […]
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Elon Musk and Vivek Ramaswamy open rift with MAGA loyalists over skilled worker visas
Tesla CEO Elon Musk (R), Co-Chair of the newly announced Department of Government Efficiency (DOGE) carries his son on his shoulders at the U.S. Capitol following a meeting with businessman Vivek Ramaswamy (L), Co-Chair of the newly announced Department of Government Efficiency, Rep. Kat Cammack (C), and other members of the U.S. Congress on December […]
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5 things to know before the stock market opens Friday
Here are the most important news items that investors need to start their trading day: 1. Green Christmas A Christmas tree stands in front of the New York Stock Exchange (NYSE), on the day U.S. President-elect Donald Trump is expected to ring the opening bell at NYSE to celebrate being named Time magazine’s ‘Person of […]
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Nippon Steel pushes deadline to close U.S. Steel deal as Biden decision looms
Signage for Nippon Steel Corp. outside the Marunouchi Park Building, which houses the company’s headquarters, in Tokyo, Japan, on Monday, March 25, 2024. Kiyoshi Ota | Bloomberg | Getty Images Japan’s Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden […]
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Trump takes aim at Canada, Greenland and the Panama Canal in Christmas Day posts
U.S. President-elect Donald Trump attends Turning Point USA’s AmericaFest in Phoenix, Arizona, U.S., December 22, 2024. Cheney Orr | Reuters President-elect Donald Trump took aim at Canada, Greenland and the Panama Canal in a series of Christmas Day social media posts that suggested the United States could take control of all three. Writing on his […]
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Here’s why business leaders are spending big on Trump’s inaugural committee
Republican presidential nominee, former U.S. President Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Florida. Chip Somodevilla | Getty Images Top CEOs and their companies are pledging to donate millions of dollars to President-elect Donald Trump’s inaugural committee, as […]
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Nippon Steel’s U.S. Steel bid referred to President Biden for final decision
The United States Steel Corp. Clairton Coke Works in Clairton, Pennsylvania, US, on Tuesday, Dec. 19, 2023. Justin Merriman | Bloomberg | Getty Images Nippon Steel’s $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden, a White House spokesman said, giving the president 15 days to decide on a tie up he has […]
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Biden commutes dozens of death row sentences to life without parole
WASHINGTON — President Joe Biden announced Monday that he is commuting the death sentences of 37 inmates, leaving only three people on death row in federal prisons. The commuted sentences will be reclassified to life sentences without the possibility of parole, according to the White House. “These commutations are consistent with the moratorium my Administration has imposed on federal […]
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CNBC Daily Open: Inflation and dot plots
A person shops at a Whole Foods Market grocery store on December 17, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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CNBC Daily Open: With cooler-than-expected PCE, would the Fed’s dot plot have looked different?
A customer, holding a carton of eggs at a supermarket, in United States on Dec. 20, 2024. Secuk Ancar | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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