Joe Biden
Janet Yellen: Covid stimulus may have contributed ‘a little bit’ to inflation
Treasury Secretary Janet Yellen said Wednesday that the stimulus spending signed into law by President Joe Biden to aid the U.S. recovery from the Covid-19 pandemic may have contributed “a little bit” to the country’s subsequent inflation woes. But the widespread rise in prices that marred the Democrat’s administration was mostly “a supply-side phenomenon” caused […]
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U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
David Burritt, president and chief executive officer of US Steel Corp., speaks during an Economic Club of Detroit event in Detroit, Michigan, US, on Tuesday, Sept. 17, 2024. Nic Antaya | Bloomberg | Getty Images Biden formally blocked the more than $14 billion deal on Friday, citing national security concerns after a monthslong review by […]
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Trump says he will revoke Biden offshore drilling ban on first day in office
A view of offshore oil and gas platform Esther in the Pacific Ocean on January 5, 2025 in Seal Beach, California. Mario Tama | Getty Images President-Elect Donald Trump said Tuesday that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office. “I’m […]
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FTC Chair Khan hopes Amazon, Facebook won’t get ‘sweetheart deal’ from Trump in antitrust cases
Federal Trade Commission Chair Lina Khan said Tuesday she hopes the incoming Trump administration will not let Amazon and Facebook parent Meta off the hook from pending antitrust lawsuits by her agency with a “sweetheart deal.” But, “I can’t predict what future people in my position are going to do,” Khan said on CNBC’s “Squawk […]
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CNBC Daily Open: The AI sector still has legs to run
Nvidia CEO Jensen Huang delivers a keynote address at the Consumer Electronics Show in Las Vegas, Nevada, on Jan. 6, 2025. Patrick T. Fallon | Afp | 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, […]
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Nippon Steel CEO doubles down on pledge to acquire U.S. Steel after suing Biden administration
This picture taken on Feb. 16, 2024 shows a logo of Nippon Steel Corp. at the company’s Kyushu manufacturing base in Kitakyushu city of Fukuoka Prefecture. U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, a person familiar with the matter said on Wednesday, pushing the […]
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Trump reportedly considering important alteration to tariff plans
U.S. President-elect Donald Trump looks on during Turning Point USA’s AmericaFest at the Phoenix Convention Center on December 22, 2024 in Phoenix, Arizona. Rebecca Noble | Getty Images President-elect Donald Trump is considering a plan that still would apply tariffs to all nations but narrow the focus to a select set of goods and services, […]
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Trump’s election certification set to begin on anniversary of 2021 Capitol riot
FILE PHOTO: A mob of supporters of U.S. President Donald Trump fight with members of law enforcement at a door they broke open as they storm the U.S. Capitol Building in Washington, U.S., January 6, 2021. Leah Millis | Reuters Congress will convene Monday to certify President-elect Donald Trump’s victory over Vice President Kamala Harris […]
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U.S. Steel, Nippon allege Biden violated constitution in lawsuit over blocked deal
A flag decoration on a fence in front of the United States Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, US, on Monday, Aug. 14, 2023. Justin Merriman | Bloomberg | Getty Images U.S. President Joe Biden violated the Constitution by blocking Nippon Steel‘s $14.9 billion bid for U.S. Steel through a sham […]
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Hillary Clinton, George Soros and Denzel Washington will receive the highest U.S. civilian honor
US President Joe Biden and former secretary of state Hillary Clinton look on as former president Bill Clinton (not pictured) speaks during the Clinton Global Initiative annual meeting in New York on September 23, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Former Secretary of State Hillary Clinton, Democratic philanthropist George Soros and actor-director Denzel […]
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