Jerome Powell, chairman of the US Federal Reserve, during an Economic Club of Chicago event in Chicago, Illinois, US, on Wednesday, April 16, 2025. Jamie Kelter Davis | Bloomberg | Getty Images President Donald Trump on Friday issued his latest call for the U.S. Federal Reserve to lower interest rates, following a better-than-expected jobs report…
President Trump said Thursday that he would rename Veterans Day, on Nov. 11, as “Victory Day for World War I” and May 8, widely known as V-E Day, as “Victory Day for World War II,” so that the United States could celebrate its achievements in those conflicts. “We won both Wars, nobody was close to…
Lily Jamali North America Technology Correspondent Natalie Sherman Business reporter Getty Images Tariffs on goods coming into the US will add nearly a billion dollars to Apple’s costs this quarter, the tech giant has said, despite President Donald Trump’s decision to spare key electronics from the new import taxes. The estimate from the iPhone maker…
The U.S. Chamber of Commerce is urging the Trump administration to immediately implement a “tariff exclusion process” in order to keep the U.S. economy from falling into a recession and inflicting “irreparable harm” on small businesses. In a letter first obtained by CNBC, the massive business lobbying group asked key Trump trade officials to automatically…
Christal Hayes BBC News, Los Angeles Watch: Donald Trump on the US economy: ‘Give us a little bit of time’ President Donald Trump has asked for more time on the US economy as it contracted for the first time in three years, stoking recession fears. He said the figure was misleading because companies had stockpiled…
US President Donald Trump speaks during a cabinet meeting in the Cabinet Room of the White House in Washington, DC, on April 30, 2025. Jim Watson | Afp | Getty Images President Donald Trump on Wednesday called China the leading candidate for the “chief-ripper-offer” on trade, and tried to downplay the possible economic impacts of…
U.S. President Donald Trump speaks during a rally to mark his 100th day in office, at Macomb Community College in Warren, Michigan, U.S., April 29, 2025. Evelyn Hockstein | Reuters President Donald Trump on Wednesday blamed his predecessor and defended his sweeping tariffs after new data showed the U.S. economy contracting last quarter, while warning…
Carney spoke to the BBC’s Faisal Islam as polls were closing US President Donald Trump has called Canadian Prime Minister Mark Carney to congratulate him on his victory in the country’s general election and the two have agreed to meet in the near future. The two countries were expected to enter talks about a new…
U.S. President Donald Trump speaks to the media before boarding Marine One as he departs for Michigan to attend a rally to celebrate his first 100 days in office, from the South Lawn of the White House in Washington, D.C., on April 29, 2025. Leah Millis | Reuters President Donald Trump said Tuesday that tariff…
Autoworkers at Nissan’s Smyrna Vehicle Assembly Plant in Tennessee, June 6, 2022. The plant employs thousands of people and produces a variety of vehicles, including the Leaf EV and Rogue crossover. Michael Wayland / CNBC DETROIT — President Donald Trump on Tuesday signed an executive order softening some of the automotive tariffs his administration put…
