Trump gains a tariff weapon against China and India. Will he use it?
U.S. House has paved the way for a legislation that will allow Trump to impose up to 100% tariffs on countries buying Russian oil, giving him leverage against India and China.
Billionaire Kraft says Ed Sheeran sought $2 million aid donation from him amid fracas over Macklemore’s Palestine comments
Robert Kraft said Ed Sheeran asked him to commit $2 million toward humanitarian aid amid the controversy over Macklemore’s removal from Sheeran’s U.S. tour
Treasury yields move lower after Fed kicks off hiking cycle
The Federal Reserve raised interest rates for the first time since 2023.
CNBC Daily Open: Trump bemoans hostile acts
President Trump is not happy with the Federal Reserve for hiking rates, or with the EU for inviting Canada to become an “associate member” of the bloc.
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England kept rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs put pressure on prices.
A stronger dollar and rising yields: How the Fed’s rate hike could hit global markets
Higher U.S. rates could also keep global bond yields elevated and weigh on equity valuations and economic growth.
Mark Walter and Todd Boehly selling stakes in Chelsea Football Club to Clearlake Capital
Two of Walter’s insurance companies faces federal criminal and civil investigations into the accounting of roughly $21 billion in financial transactions.
Trump says U.S. ‘hopefully’ nearing end of Iran war as Saudi Arabia, Houthis trade strikes
Trump says the U.S. may be nearing the end of its nearly seven-month war with Iran, as he signals Tehran is open to a deal.
Japan’s corporate leaders sound alarm over weak yen — even dollar-earners are voicing concerns
While the Japanese yen has strengthened rapidly over the past two weeks, it remains weak in historical terms.
Oil prices fall as Saudi Arabia reportedly offers more crude via Hormuz after pipeline attack
Oil prices fell as additional Saudi crude supplies eased concerns over disruptions to the kingdom’s exports.
