Politics
Kevin Warsh wins Senate confirmation as the next Federal Reserve chair
Kevin Warsh, nominee for US Federal Reserve Chair, testifies during a Senate Banking Committee hearing on his nomination on Capitol Hill in Washington, DC, on April 21, 2026. Mandel Ngan | Afp | Getty Images Kevin Warsh was confirmed Wednesday as the next Federal Reserve chair, taking over the central bank at a time when […]
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Analysis: Trump finally gets his man at the Fed. Will Kevin Warsh disappoint him?
Kevin Warsh, nominee for chairman of the Federal Reserve, is sworn in to his Senate Banking, Housing and Urban Affairs Committee confirmation hearing in Dirksen building on Tuesday, April 21, 2026. Tom Williams | Cq-roll Call, Inc. | Getty Images It has taken eight and a half years, but on Wednesday President Donald Trump finally […]
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CNBC’s UK Exchange newsletter: Starmer’s EU push faces a harsh political reality
British Prime Minister Keir Starmer speaks at the start of a Cabinet meeting to mark the fourth anniversary of Russia’s full-scale invasion of Ukraine, at Downing Street in London, Feb. 24, 2026. Wpa Pool | Getty Images News | Getty Images This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? […]
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Anduril doubles valuation to over $60 billion as defense tech funding boom continues
The Anduril Industries headquarters in Costa Mesa, California, US, on Thursday, Dec. 14, 2023. Kyle Grillot | Bloomberg | Getty Images Defense tech startup Anduril on Wednesday said it raised $5 billion, doubling its valuation to $61 billion in a funding round led by Thrive Capital and Andreessen Horowitz. CEO Brian Schimpf said in a […]
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Trump arrives in Beijing with CEOs ahead of Xi meetings
U.S. President Donald Trump participates in an arrival ceremony at Beijing Capital International Airport during his visit to the country, in Beijing, China, May 13, 2026. Evan Vucci | Reuters U.S. President Donald Trump has landed in Beijing for a highly anticipated presidential summit with his Chinese counterpart, Xi Jinping. Trump is being accompanied on […]
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Jim O’Neill: 4 lessons the U.K. must learn from bond markets after gilts sell-off
Alexander Spatari | Moment | Getty Images Britain faces among the highest borrowing costs of any developed nation — but bond markets offer 4 key lessons the government can embrace to remedy the issue, according to former U.K. Treasury minister Jim O’Neill. Speaking on CNBC’s Squawk Box Europe, the former economist and Goldman Sachs asset […]
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Gas tax holiday as Trump promises? Not so fast, trucking, construction industries say
Opposition to President Donald Trump’s plan for a gas tax holiday to ease cost-of-living concerns is coming not just from his political foes, but also from the Republican-leaning trucking and construction sectors. Those industries rely heavily on the road and transportation infrastructure projects funded by the federal gas and diesel taxes. “A gas tax holiday […]
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Jamie Dimon warns JP Morgan may rethink new London office if ‘very smart’ Starmer is ousted as UK PM
JPMorgan CEO Jamie Dimon attends an interview with Reuters in Detroit, Michigan, U.S., Nov. 5, 2025. Emily Elconin | Reuters JP Morgan may reconsider a planned multibillion-dollar office tower in London if U.K. Prime Minister Keir Starmer is ousted, the bank’s CEO Jamie Dimon said on Wednesday. Speaking to Bloomberg in Paris, the head of […]
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Auto-state lawmakers seek to keep certain Chinese vehicles out of U.S. as Trump heads to Beijing
Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets, with Neta doing so for more than 60,000 cars. Koiguo | Moment | Getty Images Bipartisan lawmakers from Michigan on Tuesday announced legislation that would ban Chinese-made “connected vehicles,” software and hardware from the U.S. market, ahead of President […]
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Companies start getting tariff refunds after Supreme Court decision
Containers at the Port of Oakland in Oakland, California, US, on Thursday, March 26, 2026. David Paul Morris | Bloomberg | Getty Images Months after the Supreme Court ruled some tariffs were unconstitutional, the first round of tariff refunds has begun flowing in. Oshkosh Corporation CFO Matt Field confirmed to CNBC that the company has […]
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