US CPI year over year increase is smallest since Feb 2021

April’s inflation data came in slightly softer than expected, but former President Donald Trump’s tariffs remain an unpredictable factor in the broader inflation outlook, depending on how trade negotiations evolve over the coming months. According to the Labor Department’s Tuesday report, the Consumer Price Index (CPI) rose

Microsoft, MSFT, is laying off 3% of all its employees

Microsoft (NASDAQ: MSFT) is cutting roughly 3% of its global workforce—its most significant round of layoffs in over two years. Though not officially announced through a press release or SEC filing, the news broke Tuesday and was later confirmed by a Microsoft spokesperson to CNBC. The reduction amounts to

Paul Tudor-Jones: Market will go to new lows until tariffs change

Billionaire hedge fund manager Paul Tudor Jones warned Tuesday that the stock market is likely to drop to new lows, even if President Donald Trump scales back his aggressive tariffs on China. “It seems pretty straightforward to me,” Jones said during an appearance on CNBC’s Squawk Box. “You’ve

Trump has said: The stock market will go higher

Since President Donald Trump halted most of the retaliatory tariffs on April 9—reversing the course he set on April 2—the stock market has surged. The S&P 500 and Nasdaq have both posted double-digit gains, fueled by investor optimism that a less confrontational stance could pave the

New Republican tax bill to raise debt limit by $4 trillion

House Republicans are pressing ahead with a plan to raise the U.S. debt ceiling by $4 trillion as part of a broader legislative effort to advance President Trump’s tax agenda. The proposal, released Monday in a bill drafted by the House Ways and Means Committee, aligns with the

Trump officially maintains 120% cheap goods tax on China, hitting Shein and Temu

Small packages from China will continue to face a 120% tariff, a White House official confirmed Monday, posing a significant setback for American consumers who rely on low-cost goods from e-commerce giants like Shein and Temu. The Trump administration had previously closed a long-standing loophole that allowed inexpensive imports to

Morgan Stanley, MS, says humanoid robots will be a $5 trillion market by 2050

Humanoid robots could eventually surpass the auto industry in economic significance, according to Morgan Stanley (NYSE:MS), which projects the market could generate up to $5 trillion in annual revenue by mid-century as adoption spreads from industrial and commercial sectors into households. The firm envisions as many as 1 billion

Americans need to earn about 70% more today than six years ago to comfortably afford a median-priced home

U.S. households now need to earn $114,000 annually to afford a median-priced home, a staggering 70.1% increase from the $67,000 needed just six years ago, according to the Realtor.com® April Housing Trends Report. While affordability has clearly eroded, there are emerging signs that the tide

Trump: We achieved total trade reset with China

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Bessent: can always go back to April 2 level for China tariffs

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Tariffs threaten a pharmaceuticals shortage, as 95% of ibuprofen comes from China

The United States heavily relies on China for its supply of common over-the-counter pain medications, making President Donald Trump's 145% tariffs on Chinese imports particularly impactful on the U.S. pharmaceutical supply chain. According to Apollo Chief Economist Torsten Sløk, approximately 95% of the U.S.'s

China to lower tariffs on US goods to 10% from 125% for 90 days

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Trump: China tariffs won't go back up all the way to 145%

President Donald Trump said tariffs on Chinese goods won’t return to the 145% level after the current 90-day suspension, expressing optimism that a deal is on the horizon. Referring to the Geneva negotiations over the weekend, he described them as “productive” and said a “total reset” had been achieved.

Markets are one Truth Social post from being up or down 5% every day, JPMorgan portfolio , JPM, manager said

“We’re one Truth Social post away from a 5% swing either way on any given day,” said Bill Eigen, a portfolio manager at JPMorgan, during a CNBC appearance Friday morning ahead of the April jobs report. “At this point, the data almost feels like an afterthought.” Markets have been

Trump: Mattel 100% tariff

President Donald Trump has threatened to slap a 100% tariff on Mattel, the maker of Barbie, after the company’s CEO said it would continue producing goods overseas while reducing its dependence on Chinese manufacturing. “I heard they said, ‘We’ll just move somewhere else,’” Trump told reporters in the

Trump to lower drug costs

Former President Donald Trump announced on Sunday that he plans to sign an executive order on Monday aimed at lowering the cost of certain prescription drugs — reviving a stalled policy effort from his first term that he has championed since before entering office. The order, if enacted, would direct the

Trump is poised to accept a luxury jet costing $400 million as a gift from Qatar

In what could be the most valuable gift ever given to the United States by a foreign nation, the Trump administration is preparing to accept a lavishly outfitted Boeing 747-8 jumbo jet from Qatar’s royal family—a plane intended for use by President Donald Trump as a temporary Air

Putin and Zelensky to meet in Turkey on Thursday to discuss ceasefire

Ukrainian President Volodymyr Zelensky announced on May 11 that he is prepared to meet Russian President Vladimir Putin in Turkey on May 15. "There is no point in prolonging the killings. I will wait for Putin on Thursday in Turkey," Zelensky stated. As Ukraine's allies continue

US announces China trade deal in Geneva

U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced Sunday that they had reached a deal with China aimed at reducing the U.S. trade deficit, citing “substantial progress” following two days of high-level talks in Geneva. However, they provided no specifics, saying full details would be

Senior U.S. and Chinese officials concluded the first day of high-stakes trade negotiations in Switzerland on Saturday,

Senior U.S. and Chinese officials concluded the first day of high-stakes trade negotiations in Switzerland on Saturday, aiming to ease a tariff conflict that has cast a shadow over the global economy. Talks are set to continue Sunday, according to a source familiar with the discussions. Chinese Vice Premier

Zelensky announces Ukraine's readiness to implement a 30-day ceasefire initiative starting Monday without conditions

In a united front with Kyiv, leaders from four major European nations warned Russian President Vladimir Putin on Saturday that they are prepared to escalate pressure if he refuses to accept a proposed unconditional 30-day ceasefire in Ukraine. The ceasefire proposal—set to begin Monday—was jointly backed by France,

The first Chinese goods subject to President Trump’s 145%-plus tariffs have begun arriving at the busiest ports in the U.S. in Los Angeles and Long Beach

The first wave of shipping containers filled with Chinese goods subject to President Donald Trump’s new 145% tariffs has begun arriving at U.S. ports. Seven vessels carrying over 12,000 containers that departed China after the tariffs took effect have docked at the ports of Los Angeles and

China ministry statement says China firmly opposes 'US abuse' of reciprocal tariffs

President Donald Trump on Friday said an 80% tariff on Chinese goods “seems right,” marking the first time he has floated a specific rate lower than the current 145% tariffs placed on Chinese imports. His remarks come just ahead of high-stakes negotiations set for the weekend. U.S. Treasury Secretary

Trump’s China tariffs are about to unleash a supply shock on the US economy, with shoppers likely to see empty shelves and higher prices

President Donald Trump’s sweeping tariffs have been rattling both Washington and Wall Street for weeks—but the next shockwave could strike closer to home. Since the U.S. hiked tariffs on Chinese imports to 145% in early April, cargo traffic from China has plunged—possibly by as much as

Gen Z college grads expect to earn more than $100,000 at their first job

The class of 2025 is aiming high, expecting to earn an average annual salary of $101,500, according to a recent ZipRecruiter report. That figure significantly overshoots reality, given that the actual average starting salary for recent college grads comes in at $68,400 before taxes. While these expectations may