U.S. Customs reports ‘glitch’ in system used by freight shippers for tariffs
A Customs notice reported a glitch in a system shippers use to exempt freight from tariffs. Logistics experts say it…
Category: Economy
BlackRock’s Larry Fink says U.S. is very close to a recession and may be in one now
The asset management executive spoke to CNBC about the state of the economy, which has been rattled by tariffs from…
Fed’s Kashkari says rising bond yields, falling dollar show investors are moving on from the U.S.
The trends are running counter to what you might normally see, the central bank official told CNBC. ...
10-year Treasury yield tops 4.5% after surge this week that’s worrying Wall Street and the White House
The 10-year Treasury yield was higher on Friday as the bond market sell-off resumed, influenced by U.S. President Donald Trump's…
Consumer sentiment tumbles in April as inflation fears spike, University of Michigan survey shows
The University of Michigan consumer survey's mid-month reading on sentiment fell to 50.8. ...
OpenAI says Musk has run ‘unlawful campaign of harassment’ against company in lawsuit
OpenAI said in a lawsuit that Elon Musk made a "sham" attempt to buy the company, and asked a federal…
China consumer prices decline for a second straight month; producer deflation deepens
The data also comes as U.S. President Donald Trump boosted tariffs on Chinese imports to 125% overnight, up from his…
Stock market posts third biggest gain in post-WWII history on Trump’s tariff about-face
Stocks skyrocketed in a kneejerk reaction to President Donald Trump's announcement to put a 90-day pause on some of the…
Bitcoin to hit $250,000 this year and Magnificent 7 to adopt stablecoins, Cardano founder predicts
Bitcoin could hit $250,000 as early as this year, Cardano blockchain founder Charles Hoskinson told CNBC's "Beyond The Valley" podcast.…