Joe Biden
CNBC Daily Open: The perils of market predictions
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. Brendan McDermid | Reuters 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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Yellen warns incoming Trump team against interfering with bank supervision
Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024. Andrew Kelly | Reuters U.S. Treasury Secretary Janet Yellen on Friday urged the incoming Trump administration to refrain from interfering with what she called critically important appropriate regulation of American banks’ capital levels, liquidity and risk-taking. […]
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Bank of America, Goldman to donate undecided amounts to Trump’s inaugural committee
A man walks by the Bank of America headquarters in New York on July 18, 2023. Eduardo Munoz | View Press | Getty Images Bank of America, the second-largest U.S. lender, and investment bank Goldman Sachs plan to contribute to President-elect Donald Trump’s inaugural committees, but have yet to decide on the amount, spokespeople for […]
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‘If Ukraine fails, war will come to the streets of European cities,’ former foreign minister says
Former Ukrainian Foreign Minister Dmytro Kuleba warned of the potential repercussions for the European Union if Ukraine does not prevail in its fight against Russia, telling CNBC that “if Ukraine fails, war will come to the streets of European cities.” “Putin today has no strengths and powers to fight multiple wars,” Kuleba said, pointing to […]
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TSMC says first advanced U.S. chip fab ‘dang near back’ on schedule. Here’s an inside look.
Atop a newly-completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company’s first Arizona chip fabrication plant, or fab, is making history because it’s the most advanced chip fab on U.S. soil, and Apple […]
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Meta donates $1 million to Trump’s inaugural fund: Reuters
Meta CEO Mark Zuckerberg makes a keynote speech during the Meta Connect annual event, at the company’s headquarters in Menlo Park, California, U.S. September 25, 2024. Manuel Orbegozo | Reuters Meta Platforms has donated $1 million to President-elect Donald Trump’s inaugural fund, a company spokesperson told Reuters in an emailed response. The Wall Street Journal, which […]
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Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his term leading the U.S. central bank despite prior insinuations that he could be pushed to step down, said Scott […]
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Watch live: Biden gives remarks on his economic legacy
[The stream is slated to start at 12:15 p.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks about his decisionmaking on the U.S. economy during his four years in office. The Democratic incumbent will appear at the Brookings Institution […]
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ByteDance, TikTok seek temporary halt to U.S. ban pending Supreme Court review
Justin Sullivan | Getty Images China-based ByteDance and its short-video app TikTok on Monday asked an appeals court to temporarily block a law that would require that parent company ByteDance divest TikTok by Jan. 19 or face a ban, pending a review by the U.S. Supreme Court. The companies filed the emergency motion with the […]
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5 things to know before the stock market opens Monday
Here are the most important news items that investors need to start their trading day: 1. Dow drags Major U.S. stock indexes enjoyed another strong stretch last week – except for the Dow Jones Industrial Average. The S&P 500 and Nasdaq Composite both had their third straight positive week, climbing 1% and 3.3%, respectively, to […]
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