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Dow falls 280 points, S&P logs weekly loss as Trump trade war escalates
Stocks closed lower Friday, a day after the S&P 500 posted a new record high, following the announcement of a 35% tariff on Canada.Read More...
Treasury posts unexpected surplus in June as tariff receipts surge
Last month saw a surplus of a little more than $27 billion, following a $316 billion deficit in May.Read More...
Dow futures drop 300 points after Trump unveils 35% tariff on Canada: Live updates
Investors continued piling into risk assets while shrugging off worries around the latest in trade developments.Read More...
Trump announces 35% tariffs on Canada starting Aug. 1, warns of higher levies if Ottawa retaliates
U.S. President Donald Trump announced a 35% tariff on Canadian imports, starting Aug. 1, over the country's role in fentanyl flow, retaliatory tariffs.Read More...
Trump to host Jensen Huang at White House as Nvidia tops $4 trillion market cap
Nvidia has been grappling with export controls on its AI chips implemented by the Trump administration in April for national security reasons.Read More...
White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation
President Donald Trump has repeatedly called on Federal Reserve Chairman Jerome Powell to slash interest rates.Read More...
Amazon warehouse workers lose jobs after Trump’s immigration crackdown: ‘We have done everything legally’
Last month, Amazon began asking staffers who came to the U.S. under humanitarian immigration programs to provide updated work permits.Read More...
Pentagon to become largest shareholder in rare earth miner MP Materials; shares surge 50%
Interior Secretary Doug Burgum said in April the Trump administration was considering equity investments in critical mineral producers to compete with China.Read More...
Financial Services
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations
Office of Management and Budget Director Russell Vought spoke Friday to CNBC's "Squawk Box."Read More...
China’s deflationary slide is worsening as companies spiral into price wars
From coffee to cars to real estate, there's a recurring pattern in China — companies rush into an industry, then resort to discounts to stay afloat.Read More...
Goldman Sachs is piloting its first autonomous coder in major AI milestone for Wall Street
The arrival of agentic AI at Goldman Sachs, in which programs don't just help with tasks but execute complex jobs, signals a shift on Wall Street.Read More...
Fed considering changes to what constitutes a ‘well-managed’ bank
Under a proposal put up for comment Thursday, the Fed would allow banks with one "deficient" rating to still be considered well-managedRead More...
‘YOLO’-buying EVs: As $7,500 tax credit ends, consumers may rush to cash in. Here’s how to get a good deal
Consumers may rush to lease or buy an electric vehicle this summer to qualify for a federal tax credit that ends after Sept. 30.Read More...
Most Fed officials see rate cuts coming, but opinions vary widely on how many, minutes show
Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.Read More...
Photos show Altman, Iger and Cook arrive at ‘summer camp for billionaires’ in Sun Valley
Apple CEO Tim Cook, Walmart CEO Doug McMillon, Disney CEO Bob Iger and OpenAI CEO Sam Altman were pictured entering the lodge.Read More...
Trump’s next Fed chair pick already comes with a credibility problem
If leading the Federal Reserve isn't challenging enough, the next central bank chair will face an additional burden.Read More...
Personal Finance
Trump’s ‘big beautiful bill’ could deliver 45.5% ‘SALT torpedo’ for high earners, tax pro says
Trump’s "big beautiful bill" includes a temporary $40,000 SALT deduction cap. But the phaseout could trigger a tax surprise for some higher earners.Read More...
It pays to wait to claim Social Security retirement benefits. Having a ‘bridge strategy’ can help
Retirees may see an approximate 77% increase to their Social Security benefits by waiting from age 62 to age 70 to claim benefits, according to new research.Read More...
Here’s how much more expensive back-to-school shopping is in 2025 — in one chart
Families will pay more for back-to-school essentials such as pens, pencils and backpacks ahead of the new school year.Read More...
Why 22 million people may see ‘sharp’ increase in health insurance premiums in 2026
The GOP's so-called "big beautiful bill" cut taxes in many ways, but didn't extend a tax break that lowered health insurance premiums for millions of people.Read More...
‘Flood insurance is not just for coastal or high-risk areas,’ expert says: What homeowners need to know
Homeowners insurance policies typically do not cover flash floods like those in Texas and North Carolina. Here’s what to know about flood insurance.Read More...
Homeland Security corrects data error — international student enrollment rose, not declined
The federal government underreported the number of international students in the U.S. last year by more than 200,000 people.Read More...
Here’s what the endowment tax in Trump’s ‘big beautiful bill’ may mean for your college tuition
President Donald Trump’s megabill raises the tax on some college endowments, which experts say could cause schools to hike tuition, cut financial aid or both.Read More...
‘Revenge savings’ can boost your bottom line, experts say — here’s how to get started
Saving more money is a perennial resolution, but emotions shouldn't drive that habit, financial experts say. Instead, be intentional. Here's how to get started.Read More...
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