Tensions from U.S. President Donald Trump’s tariffs are not only a headwind for South Korea but “bad for everybody,” said Bank of Korea Governor Rhee Chang Yong. “I really hope this trade tension will dissipate, because it’s bad for everybody,” Bank of Korea governor Rhee Chang Yong said late Wednesday. Speaking to CNBC at the…
A Southwest Airlines Boeing 737 airplane departs from Harry Reid International Airport as another airplane taxis in Las Vegas, Nevada, on March 15, 2025. Kevin Carter | Getty Images News | Getty Images Southwest Airlines said Wednesday that it will reduce its capacity in the second half of the year, as more signs point to…
NY Attorney General Letitia James speaks during a press conference on Feb. 14, 2025 in New York City. Michael M. Santiago | Getty Images A dozen states sued President Donald Trump and his administration Wednesday, seeking a court order declaring that his new tariffs on foreign imports are illegal. “The president does not have the…
In a Wednesday interview with CNBC’s Jim Cramer, GE Vernova CEO Scott Strazik said the growth of the U.S.’s electric load is the largest since the industrial boom that followed the end of the second world war. “You’ve got to go back to 1945 and the end of World War II, that’s the infrastructure buildout…
A cartoon image of US President-elect Donald Trump with cryptocurrency tokens, depicted in front of the White House to mark his inauguration, displayed at a Coinhero store in Hong Kong, China, on Monday, Jan. 20, 2025. Paul Yeung | Bloomberg | Getty Images The $TRUMP meme coin jumped more than 50% on Wednesday after the…
Headphones are seen in front of displayed Discord app logo in this illustration taken March 29, 2021. Dado Ruvic | Reuters Discord co-founder and CEO Jason Citron is stepping down from the gaming-focused social messaging service, the startup said Wednesday. Citron will be replaced by former Activision Blizzard Vice Chairman Humam Sakhnini, who will assume…
Selim Korkutata | Anadolu Agency | Getty Images Bitcoin rose for a third day in a broad relief rally after President Donald Trump softened his tone on China tariffs and ratcheted down his rhetoric against Federal Reserve Chair Jerome Powell. The price of the flagship cryptocurrency was last higher by 1.3% at $92,654, according to…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Scott Bessent is delivering the keynote address to the Institute of International Finance in Washington, D.C., on Wednesday. After his speech, Bessent is set to sit for a…
A “For Sale” sign stands at a house in Miami, Florida, U.S. April 16, 2025. Marco Bello | Reuters Higher interest rates, as well as concern over where the broader economy is headed, is causing mortgage demand to drop sharply. Last week, total mortgage application volume fell 12.7% compared with the previous week, according to…
Facebook and Instagram icons are seen displayed on an iPhone. Jakub Porzycki | Nurphoto | Getty Images The European Union on Wednesday fined Apple and Meta hundreds of millions of euros each for breaching the bloc’s digital competition laws. The European Commission, which is the executive body of the EU, said it was fining Apple…
