Donald Trump’s miserable job market will not even start to improve for a few more months, Commerce Secretary Howard Lutnick has warned. President Trump, whose handling of the economy is often cited by supporters as one of his strengths, has been hit with waves of underwhelming and disheartening job reports this year. On the presidential…
Days after the bonhomie between Prime Minister Narendra Modi, Chinese President Xi Jinping and Russian President Vladimir Putin at the Shanghai Cooperation Organisation (SCO) summit in Tianjin, President Donald Trump said on Friday it looks like the US has lost India and Russia to “darkest” China. “Looks like we have lost India and Russia to…
Following is a summary of current US domestic news briefs. Fed nominee Miran tells Senate panel he’s ‘not at all’ Trump’s puppet Stephen Miran, President Donald Trump’s pick to fill an open seat at the Federal Reserve, on Thursday parried dozens of questions from lawmakers about whether he will make interest-rate decisions independently of…
WASHINGTON (AP) — President Donald Trump seemingly caught his loyal conservative base off-guard and sparked backlash by saying he would allow 600,000 Chinese students into American universities. That would be a departure for the Trump administration after it added new vetting for student visas, moved to block foreign enrollment at Harvard and expanded the grounds…
TOKYO (Reuters) -The United States will make an announcement this week on Japan’s $550 billion investment in the U.S., Commerce Secretary Howard Lutnick said, as a top Japanese trade envoy is reportedly planning to visit Washington to formalise the deal. “The Japanese agreement, which we’re going to announce later this week, that’s $550 billion at…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox. Here are five key things investors need to know to start the trading day: 1. Powell’s power Federal Reserve Chair Jerome Powell hinted at the potential for interest rate cuts during his much-anticipated speech in Jackson Hole, Wyoming, on Friday. Investors liked…
Lip-Bu Tan, chief executive officer of Intel Corp., departs following a meeting at the White House in Washington, DC, US, on Monday, Aug. 11, 2025. Alex Wroblewski | Bloomberg | Getty Images Intel shares rose about 6% on Friday after Bloomberg reported that the Trump administration is poised to announce that the U.S. government will…
By Nandita Bose and Max A. Cherney WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick is looking into the federal government taking equity stakes in computer chip manufacturers that receive CHIPS Act funding to build factories in the country, two sources said. Expanding on a plan to receive an equity stake in Intel in exchange for…
Eight pages of documents detailing U.S. plans to “honor” Russian President Vladimir Putin during Trump’s failed summit with the world leader were allegedly left behind in the business center of an Alaskan hotel. NPR reported that the papers, which have not been confirmed as authentic, included U.S. State Department markings and were found on a…
U.S. President Donald Trump calls on a reporter during a meeting with Philippine President Ferdinand Marcos Jr. in the Oval Office at the White House on July 22, 2025, in Washington, D.C. Chip Somodevilla | Getty Images News | Getty Images Come Friday, the world will have to contend with higher tariff rates from the…