Trade
India cuts rates to 5.25% as expected as central bank flags ‘weakness in some key economic indicators’
The Reserve Bank of India logo outside its headquarters in Mumbai on Feb. 7, 2025. Indranil Mukherjee | Afp | Getty Images India’s central bank cut its policy rate by 25 basis points to 5.25%, matching forecasts from economists polled by Reuters. The monetary policy committee delivered a unanimous reduction, citing “weakness in some key […]
Read More
Costco adds Biden Commerce Sec. Gina Raimondo to board on heels of Trump tariff lawsuit
US Commerce Secretary Gina Raimondo speaks on the first day of the Democratic National Convention (DNC) at the United Center in Chicago, Illinois, on August 19, 2024. Mandel Ngan | AFP | Getty Images Read more CNBC politics coverage “We are very pleased to nominate Secretary Raimondo for election to our Board,” Costco Chairman Tony […]
Read More
Bessent says Trump admin will be able to replicate tariffs even if it loses Supreme Court decision
NEW YORK — Treasury Secretary Scott Bessent on Wednesday predicted that the administration still will be able to implement its tariff agenda regardless of whether it prevails in a pending case before the Supreme Court. Repeating assertions he had made prior to the high court hearing a month ago, Bessent cited several sections of 1962 […]
Read More
Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says
Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass […]
Read More
India is set to host Russia’s Putin, deepening trade ties, unfazed by punitive U.S. tariffs
Russia’s President Vladimir Putin awards India’s Prime Minister Narendra Modi with the Order of St. Andrew the Apostle the First-Called at the Kremlin in Moscow, Russia July 9, 2024. Evgenia Novozhenina | Reuters As India reels under punitive U.S. tariffs over its purchases of Russian oil, New Delhi is all set to host President Vladmir […]
Read More
Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026
President Donald Trump’s tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count instead, according to recent statements from corporate executives and economic forecasters. With the labor market already on its heels in a no-fire, no-hire climate, concerns are rising that the duties on U.S. imports will raise […]
Read More
Tesla CEO Elon Musk bats for H-1B visas, says tariffs distort markets
Elon Musk reacts 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 Tesla CEO Elon Musk said that the U.S. has been a beneficiary of talent from India, while adding that the H-1B visa program had been misused […]
Read More
Costco sues for Trump tariff refunds before Supreme Court rules on if they’re illegal
A shopper exits a Costco store in Centerville, Ohio, US, on Tuesday, Oct. 21, 2025. Kyle Grillot | Bloomberg | Getty Images Costco is suing the Trump administration in an effort to get a full refund of new tariffs paid by the warehouse retail giant this year and to block those tariffs from continuing to […]
Read More
U.S. announces zero tariff pharmaceutical deal with Britain
U.S. President Donald Trump and British Prime Minister Keir Starmer hold a press conference following their meeting at Chequers, near Aylesbury, Britain, Sept. 18, 2025. Kevin Lamarque | Reuters The United States announced a deal with Britain for zero tariffs on pharmaceutical products and medical technology on Monday which will lead to Britain spending more […]
Read More
India’s industrial output grew just 0.4% in October, missing estimates
Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India’s industrial production grew just 0.4% in October, indicating a sharp slowdown in the economy. The Index of Industrial Production (IIP) fell short of September’s 4% growth and is even lower than the 3.1% […]
Read More