Reuters Demonstrators hold signs during a protest outside the Consumer Financial Protection Bureau on Saturday The Trump administration and Elon Musk’s Department of Government Efficiency (Doge) have moved to take control of – and possibly shut down – an agency set up to protect consumers in the wake of the 2007-8 financial crisis. The Consumer…
President Trump says crash “could have been” a result of diversity hiring – but provided no evidence Donald Trump stood before the White House press room cameras on Thursday to perform a traditional presidential duty – consoler-in-chief during a time of tragedy. He said the country was in mourning, shared his condolences during “an hour…
The Federal Reserve held its key interest rate in check Wednesday, reversing a recent trend of easing policy as it examines what is likely to be a bumpy political and economic landscape ahead. In a widely anticipated move, the central bank’s Federal Open Market Committee left unchanged its overnight borrowing rate in a range between…
The U.K. government announced Wednesday a £20 million ($24.8 million) investment in Orbex, a Scottish spaceflight startup aiming to rival Elon Musk’s SpaceX. The investment — part of a larger funding round that’s being raised by the firm — was revealed at the European Space Conference in Brussels. Orbex raised £23 million for its latest…
The first phase of the long-awaited Gaza ceasefire deal has begun after an almost three-hour delay, with Hamas set to release three Israeli hostages later on Sunday. The ceasefire was due to start at 08:30 (06:30 GMT), but Israel said Hamas had not delivered the names of the first hostages to be freed in exchange…
Scientists who recently discovered that metal lumps on the dark seabed make oxygen, have announced plans to study the deepest parts of Earth’s oceans in order to understand the strange phenomenon. Their mission could “change the way we look at the possibility of life on other planets too,” the researchers say. The initial discovery confounded…
Siyoung Song / ADOR NewJeans’ members may only be aged 16 to 20, but they have taken a fierce stance against what they see as record industry exploitation The chart-topping K-pop band NewJeans may be prevented from signing advertising deals and other contracts, after their record label filed an injunction against them. The five-piece are…
Two weeks before Black Friday, Amazon quietly added a new section to the top of its mobile app. Called Haul, it’s a mobile-only area for ultra-low-price items, primarily shipped directly from China. Haul is Amazon’s answer to the booming popularity of apps such as PDD Holdings‘ Temu and fast-fashion retailer Shein. Amazon told CNBC that…
WASHINGTON — The House of Representatives approved a bipartisan federal spending bill Friday and sent it to the Senate, just hours before a midnight deadline to fund the government. It was unclear Friday whether the Senate could pass the bill before 12:00 a.m. ET, when funding technically lapses. The bill continues funding the federal government…
Employees work at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Thursday, Jan. 4, 2024. Bloomberg | Bloomberg | Getty Images 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,…
