Goolsbee says Fed now has to wait longer before moving rates because of trade policy uncertainty
The central bank official indicated that while he still sees the direction of rates being lower, the Fed likely will…
Economy
Trump recommends 50% tariff on European Union starting June 1
President Donald Trump said he is "recommending a straight 50% Tariff on the European Union" after complaining that trade negotiations…
Trump says a 25% tariff ‘must be paid by Apple’ on iPhones not made in the U.S.
Shares of Apple were under pressure on Friday after Trump's post on Truth Social. ...
Nike to resume selling directly on Amazon for first time since 2019
Nike confirmed to CNBC that its shoes are returning to Amazon. ...
Xpeng shares soar 10% in Hong Kong as Chinese carmaker forecasts upbeat revenue
The company is a key player in China's hypercompetitive EV market, but has struggled to turn a profit amid rising…
Why OpenAI’s deal with iPhone designer Jony Ive should be a wake-up call for Apple
Ive announced a $6.4 billion deal that will merge his io hardware firm with OpenAI. Ive will head up the…
The Republican spending bill is sending yields soaring and creating a major market headache
For now, Wall Street experts are not optimistic about what happens from here. ...
Trump tax bill heads to the House floor for a vote after last-minute changes
House Speaker Mike Johnson must unify his conference's hard-line conservatives and its moderate Republicans from blue states. ...
Trump warns House Republicans, ‘Don’t f— around with Medicaid’
House Speaker Mike Johnson wants a major tax bill passed before Memorial Day. GOP debates over the SALT deduction, Medicaid…