White House de minimis loophole rules target Shein, Temu

White House de minimis loophole rules target Shein, Temu

U.S. President Joe Biden delivers remarks during a visit to the United Association Local 190 Training Center in Ann Arbor, Michigan, U.S., September 6, 2024.  Craig Hudson | Reuters The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding trade law that permits low-value shipments … Read more

Harris’ rise in polls sparks wave of wealth transfers to kids

Harris’ rise in polls sparks wave of wealth transfers to kids

Dimensions | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The tightening presidential race has touched off a wave of tax planning by ultra-wealthy investors, especially given … Read more

Trump gets two charges tossed in Georgia election case

Trump gets two charges tossed in Georgia election case

Republican presidential nominee former President Donald Trump departs a campaign event at the Central Wisconsin Airport on September 07, 2024 in Mosinee, Wisconsin. Scott Olson | Getty Images A judge on Thursday dismissed two criminal counts against Donald Trump in his Georgia election interference case, but kept intact the top racketeering charge and other counts … Read more

DJT hits new lows as Trump claims he won Harris debate

DJT hits new lows as Trump claims he won Harris debate

Sopa Images | Lightrocket | Getty Images Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday’s presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris. The stock fell 3.6% over the day and closed at $16.07 per share — its lowest … Read more

Intel gets boost from Raimondo, effort to spur U.S. chip production

Intel gets boost from Raimondo, effort to spur U.S. chip production

Secretary of Commerce Gina Raimondo listens as President Joe Biden participates virtually in a meeting on the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act at the White House on July 25, 2022. Anna Moneymaker | Getty Images News | Getty Images Intel has been badly beaten down of late, losing 60% of … Read more

JD Vance repeats inflated immigration figures rejected by experts

JD Vance repeats inflated immigration figures rejected by experts

GOP V.P. Candidate J.D. Vance speaking on CNBC’s Squawk Box on Sept. 12. 2024. CNBC Republican vice presidential nominee JD Vance made a dubious immigration claim Thursday as he blamed Vice President Kamala Harris for undocumented immigrants and asylum seekers entering the United States. Vance, the Ohio senator and running mate to former President Donald … Read more

$47 million in 24 hours

 million in 24 hours

Democratic presidential candidate Vice President Kamala Harris speaks at a campaign rally at the Bojangles Coliseum in Charlotte, North Carolina, Sept. 12, 2024. Jim Watson | AFP | Getty Images Vice President Kamala Harris raised $47 million in the first 24 hours following her Tuesday night debate against former President Donald Trump, a Harris campaign … Read more

Trump rejects second Harris debate

Trump rejects second Harris debate

Republican presidential nominee and former U.S. President Donald Trump reacts in the spin room, on the day of his debate with Democratic presidential nominee and U.S. Vice President Kamala Harris, in Philadelphia, Pennsylvania, U.S., September 10, 2024. Evelyn Hockstein | Reuters Republican presidential nominee Donald Trump on Thursday said there will not be another debate … Read more

Interest payments on the national debt top $1 trillion as deficit swells

Interest payments on the national debt top  trillion as deficit swells

A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023.  Kevin Lamarque | Reuters The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday. With the … Read more

NYPD Commissioner Edward Caban resigns amid federal nightclub probe

NYPD Commissioner Edward Caban resigns amid federal nightclub probe

New York Police Department Commissioner Edward Caban speaks during the first quarter crime briefing press conference Wednesday, April 3, 2024, in Manhattan, New York City.  Barry Williams | Tribune News Service | Getty Images NYPD Commissioner Edward Caban resigned Thursday from his post helming the country’s largest police department amid a federal investigation into its nightclub enforcement, according to … Read more