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Dow futures rocket higher by 1,000 points after U.S.-China agree to cut tariffs: Live updates

by CNBC Markets | May 12, 2025 5:06 pm | US Markets

Treasury Secretary Scott Bessent said talks with China had been “very productive.” Both countries agreed to cut “recipricol” tariffs by 115% for 90 days.

U.S. and China agree to slash tariffs for 90 days in major trade breakthrough

by CNBC Markets | May 12, 2025 2:06 pm | US Markets

The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in a move that shows a thawing of trade tensions.

U.S. and China agree to slash tariffs for 90 days

by CNBC Markets | May 12, 2025 1:05 pm | US Markets

The U.S. and China on Monday agreed to suspend most tariffs on each other’s goods in a move that shows a thawing of trade tensions.

Elon Musk’s regulatory troubles have begun to melt away in Trump’s second term

by CNBC Markets | May 12, 2025 11:05 am | US Markets

The Trump administration has halted some regulatory matters involving Musk’s companies and fired people from agencies investigating Tesla, SpaceX and Neuralink.

White House announces U.S.-China trade deal, offers few details

by CNBC Markets | May 12, 2025 2:05 am | US Markets

The Geneva talks come after President Trump slapped 145% tariffs on U.S. imports from China and Beijing retaliated with a 125% levy on U.S. goods.

Trump poised to accept Qatar jet gift as Air Force One

by CNBC Markets | May 12, 2025 12:00 am | US Markets

Reports of the gift comes just before President Trump is set to travel to the Middle East this week, with a stop in Qatar.

FAA weighs reducing Newark flights after hundreds of disruptions

by CNBC Markets | May 11, 2025 9:01 pm | US Markets

The FAA and airlines are meeting on Wednesday to discuss flight cuts at Newark Liberty International Airport.

Lutnick says 10% baseline tariff will stick around for “foreseeable future”

by CNBC Markets | May 11, 2025 8:03 pm | US Markets

The United States’ trade agreement with the United Kingdom reached last week maintained the 10% baseline tariff on most goods imported.

Walgreens doubles down on prescription-filling robots to cut costs, free up pharmacists amid turnaround

by CNBC Markets | May 11, 2025 6:03 pm | US Markets

Walgreens is expanding the number of its retail stores served by its micro-fulfillment centers as it works to turn itself around and prepares to go private.

Saudi oil giant Aramco posts 5% dip in first-quarter profit on weaker crude prices

by CNBC Markets | May 11, 2025 1:05 pm | US Markets

Saudi Aramco’s first-quarter net profit fell 5% year-on-year amid lower oil prices and production.

Ras Baraka arrest: Trump administration eyes charging three more NJ Democrats in ICE fracas

by CNBC Markets | May 11, 2025 1:05 am | US Markets

New Jersey Democrats accuse the Trump administration of spreading “lies and misinformation” about events that led to the arrest of Newark Mayor Ras Baraka.

Why Pope Leo chose his name: AI, workers’ rights, new Industrial Revolution

by CNBC Markets | May 10, 2025 9:03 pm | US Markets

Pope Leo also suggested that he would follow the late Pope Francis’ lead on his commitment to social justice.

India and Pakistan agree to immediate ceasefire

by CNBC Markets | May 10, 2025 7:03 pm | US Markets

President Donald Trump said the two nations reached the ceasefire after “a long night of talks mediated by the United States.”

Powell may have a hard time avoiding Trump’s ‘Too Late’ label even as Fed chief does the right thing

by CNBC Markets | May 10, 2025 7:03 pm | US Markets

Central bank leaders have a long history of being too reluctant to raise or lower interest rates.

Treasury Dept. asks Congress to raise debt ceiling before August to avert default

by CNBC Markets | May 10, 2025 4:04 am | US Markets

The Treasury secretary urged Congress to extend the debt ceiling by mid-July, before its annual August recess, raising the stakes for the GOP’s massive bill for Trump’s agenda.

Trump taps CFPB director nominee Jonathan McKernan for Treasury post

by CNBC Markets | May 10, 2025 3:00 am | US Markets

McKernan previously served on the FDIC and held senior roles at the Federal Housing Finance Agency, the Senate, and the Treasury Department.

Trump administration ‘looking at’ suspending habeas corpus, Stephen Miller says

by CNBC Markets | May 10, 2025 2:04 am | US Markets

Multiple court cases challenging the Trump administrations effort to deport undocumented immigrants from the U.S. are based on habeas claims.

America’s Top States for Business 2007: The full rankings

by CNBC Markets | May 10, 2025 1:01 am | US Markets

America’s Top States for Business 2007 were scored on different metrics in 10 key categories of competiveness.

David Steiner, FedEx board member, tapped to lead U.S. Postal Service as postmaster general

by CNBC Markets | May 9, 2025 11:06 pm | US Markets

Steiner, who is expected to formally take over a postmaster general at USPS in July, previously was CEO of Waste Management for more than a decade.

Rippling valued at $16.8 billion as HR software startup raises $450 million, says IPO not imminent

by CNBC Markets | May 9, 2025 11:06 pm | US Markets

Rippling continues to tap the private markets for capital, and is now valued at $16.8 billion in its latest financing round.
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