U.S. Economy
White House Economic Advisor Hassett says shutdown could end this week
Top White House economic advisor Kevin Hassett on Monday predicted that the government shutdown is “likely to end sometime this week.” But if that does not happen, the Trump administration may impose “stronger measures” to force Democrats to cooperate, Hassett said on CNBC’s “Squawk Box.” The comments came deep into the third week of the […]
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Trump Treasury Sec. Bessent to speak with Chinese trade counterpart on Friday
Treasury Secretary Scott Bessent will speak by phone on Friday with Chinese Vice Premier He Lifeng to discuss the ongoing trade negotiations between the United States and China, a senior Trump administration official told CNBC’s Eamon Javers. Additional details about the call, including the specific time it would take place or the next steps to […]
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Trump says he might attend Supreme Court tariff case arguments
US President Donald Trump speaks during a press conference in the Oval Office of the White House in Washington, DC on Oct. 15, 2025. Andrew Caballero-Reynolds | AFP | Getty Images President Donald Trump on Wednesday said he might go to the Supreme Court next month to hear oral arguments for the major tariffs case […]
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CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation
Key Points Wells Fargo CEO Charlie Scharf said AI is boosting productivity but will likely reduce workforce size. Pfizer CEO Albert Bourla warned China is closing the biotech and pharmaceutical patent gap rapidly and said the U.S. needs to focus on innovation. Speaking at CNBC’s inaugural Invest in America Forum, both CEOs agreed that the […]
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China ‘not afraid of trade war,’ accuses U.S. of ‘double standard’ for rare earths retaliation
China’s and U.S.’ flags are seen printed on paper in this illustration taken January 27, 2022. Dado Ruvic | Reuters China on Sunday said “we are not afraid of” a trade war with the United States after President Donald Trump vowed to impose punishing new retaliatory tariffs on Chinese imports. A spokesperson for China’s Ministry […]
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September, typical boom month for shipping, looks more like freight recession this year
Lorado | E+ | Getty Images September, a key month for shipping ahead of the holiday season, is usually a boom one inside the freight business and supply chain, with products moving from warehouses to stores or consumers. Not this year. The latest Logistics Managers’ Index, which tracks inventory levels, warehouse costs, transportation capacity, and […]
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Investors aren’t the market’s biggest loser if Trump, SEC end quarterly reporting
With the Securities and Exchange Commission now pursuing President Trump’s request to consider a rule that ends the mandate that public companies file quarterly reports, there’s a lot to gain for companies in time and money, and a lot for the Big Four accounting firms to lose. Trump originally proposed a switch to semi-annual reporting […]
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Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs
ETF Edge Investors may want to consider boosting their exposure abroad — even with U.S. stocks around record highs Published Sat, Oct 4 202511:00 AM EDT Blair Bao WATCH LIVE Source
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Silicon Valley’s new defense tech ‘neoprimes’ are pulling billions in funding to challenge legacy giants
Guvendemir | E+ | Getty Images A wave of defense tech startups in Silicon Valley is drawing billions in funding and reshaping America’s national security. Anduril Industries, recently valued at $30.5 billion following its latest funding round, is among the so-called “neoprimes” — companies challenging the dominance of legacy contractors, dubbed “primes,” such as Lockheed Martin, Northrop […]
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