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Pentagon chief says ready to ‘fight and win’ against China, urges Asian allies to boost defense spending

by CNBC Markets | May 31, 2025 10:04 am | US Markets

While playing up the U.S.’s enduring commitment to the Indo-Pacific region, Hegseth took swipes at the absence of China’s defense minister Dong Jun.

Trump says U.S. will double steel tariffs to 50%

by CNBC Markets | May 31, 2025 6:04 am | US Markets

President Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, one week after signaling he had cleared a merger with Japan’s Nippon Steel.

Loretta Swit, the Emmy-winning ‘M*A*S*H’ actress, dies at 87

by CNBC Markets | May 31, 2025 3:04 am | US Markets

Swit’s representative said in a statement her death was likely from natural causes.

May jobs report, tariffs will rise to top of mind next week after comeback rally

by CNBC Markets | May 31, 2025 1:05 am | US Markets

Investors are counting on resilient consumer spending to prop up an economy that’s undergoing a massive upheaval from tariffs. 

Elon Musk deflects question about report of drug use, family drama as Trump looks on

by CNBC Markets | May 31, 2025 1:05 am | US Markets

Tesla CEO Elon Musk appeared with President Donald Trump in the Oval Office for an event marking the DOGE founder’s departure from Washington.

Tesla shares set to wrap strong May as Elon Musk ends time with Trump’s DOGE

by CNBC Markets | May 31, 2025 12:06 am | US Markets

Musk’s work leading DOGE, President Donald Trump’s initiative to slash federal agencies and their resources, is coming to a formal end.

This is why Jamie Dimon is so gloomy on the economy

by CNBC Markets | May 30, 2025 11:06 pm | US Markets

JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.

China calls out Trump for ‘abuse’ of semiconductor export controls

by CNBC Markets | May 30, 2025 11:05 pm | US Markets

The U.S. has limited exports of some chips and chip technology to China as part of a national defense strategy dating back to the first Trump administration

Trump, Elon Musk to hold joint event as DOGE loses its leader, top staffers

by CNBC Markets | May 30, 2025 11:05 pm | US Markets

Musk, the Tesla and SpaceX CEO, worked for Trump’s DOGE effort after spending over $250 million helping to get him elected.

Tom Lee says the April selloff has ‘rebirthed a new bull market,’ likes small caps for second half

by CNBC Markets | May 30, 2025 10:04 pm | US Markets

The head of research at Fundstrat Global Advisors expects any dips from here on to be ‘pretty shallow,’ as investors look past tariff uncertainty.

3 key money moves to consider while the Fed keeps interest rates higher

by CNBC Markets | May 30, 2025 9:05 pm | US Markets

The Fed has indicated that interest rates aren’t coming down just yet. Here’s how to make the most of where we stand.

Supreme Court rules Trump can revoke protected status for 500,000 immigrants pending appeal

by CNBC Markets | May 30, 2025 9:05 pm | US Markets

The Supreme Court’s decision affects immigrants from Cuba, Haiti, Nicaragua, and Venezuela who had fled their conflict-ridden countries.

Caviar and privacy: Airlines’ business-class wars are here

by CNBC Markets | May 30, 2025 7:04 pm | US Markets

American and United are revamping their international business class

Trump accuses China of violating preliminary trade deal

by CNBC Markets | May 30, 2025 6:06 pm | US Markets

The U.S. and China in mid-May agreed to a 90-day suspension on most tariffs after Trump slapped sky-high tariffs on the big U.S. trade partner.

Stock futures fall as Trump says China has violated trade agreement: Live updates

by CNBC Markets | May 30, 2025 6:06 pm | US Markets

The S&P 500 managed to eke out a gain on Thursday.

Inflation rate slipped to 2.1% in April, lower than expected, Fed’s preferred gauge shows

by CNBC Markets | May 30, 2025 6:06 pm | US Markets

The personal consumption expenditures price index was expected to show a 2.2% annual rate in April.

Inside the scramble to keep FEMA alive ahead of hurricane season

by CNBC Markets | May 30, 2025 5:04 pm | US Markets

The Trump administration has been moving to drastically cut or even eliminate the disaster response and relief agency, but without a backup ready, it’s moving to keep some key pieces in place.

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says

by CNBC Markets | May 30, 2025 3:03 pm | US Markets

U.S.-China trade talks are “a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.

Stock futures trade flat as investors await more trade news and fresh inflation data: Live updates

by CNBC Markets | May 30, 2025 12:06 pm | US Markets

The S&P 500 managed to eke out a gain on Thursday.

Trump tariffs reinstated by appeals court for now

by CNBC Markets | May 30, 2025 2:04 am | US Markets

Three judges — including a Trump appointee — on a federal trade court had invalidated all of Trump’s “reciprocal” tariffs and other duties.
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