Gavin Newsom calls for national billionaires tax: ‘It’s time for an economic reset’
California Gov. Gavin Newsom said he supports imposing “a true minimum tax on billionaires” and closing “tax-free lifestyle loan” loopholes for the rich.
Ex-Trump advisor John Bolton pleads guilty to retaining national defense information
John Bolton is one of several foes of President Donald Trump who has been indicted since Trump regained the White House.
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
President Donald Trump’s economic advisors are giving Warsh space, as the new Fed chairman, on interest rates as the president repeats calls to cut.
Warsh reaches within the Fed for latest advisory appointments
Warsh has added two more key advisors as he seeks to remake how the central bank approaches the economy and monetary policy.
Micron sinks 6%, wrapping a wild week of trading that saw big swings
Micron Technology’s shares tumbled on Friday amid a global sell-off in chip stocks.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Microsoft lifts price of Xbox consoles due to soaring component costs
Microsoft said it’s increasing the price of Xbox game consoles after Apple announced price hikes for MacBooks and iPads.
Rafael Nadal says he won’t return to pro tennis following Serena Williams’ comeback
Rafael Nadal told CNBC Sport he has closed the chapter on playing pro tennis forever.
Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
GameStop’s CEO just sacrificed a $35 billion pay package. Here’s how it could impact his effort to buy eBay
Ryan Cohen has shared few details on how he’ll move forward with his $56 billion offer for eBay since the company rejected the proposal in May.
