Goldman Sachs on what a second Trump presidency means for China

Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of … Read more

Donald Trump Has A Lot Of Thoughts About EVs. Most Of Them Are Wrong

Former President Donald Trump recently sat down with Bloomberg for a wide-ranging interview, but as it turns out, he has a lot of thoughts about EVs and imported cars, and most of them are very wrong. Ed Begley Jr. On The Past And Present Of Electric Vehicles Trump actually told Bloomberg he has “no objection … Read more

IRS says it’s collected $1 billion in past-due taxes from millionaires

Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax … Read more

Biden Cabinet officials unveil new plans to lower prices ahead of Trump debate

U.S. President Joe Biden delivers remarks alongside Treasury Secretary Janet Yellen and Commerce Secretary Gina Raimondo during a Cabinet Meeting at the White House on June 06, 2023 in Washington, DC. Kevin Dietsch | Getty Images President Joe Biden’s Cabinet will wrap up a barnstorming tour Thursday after two weeks on the road, touting the … Read more

Nvidia rebounds after $500 billion slump

Traders work on the floor of the New York Stock Exchange in New York City. Michael M. Santiago | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more

Nvidia rallies after sell-off, lifts S&P 500 and Nasdaq

Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 3, 2024, in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more

Dow up as banks, energy stocks rise; Nvidia sinks

Traders work on the floor of the New York Stock Exchange in New York City, Sept. 28, 2023. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what … Read more

Yellen announces new housing fund amid sticky shelter inflation

A maintenance worker sweeps the street in front of a row of new homes in Fairfax, Virginia, on August 22, 2023.  Andrew Caballero-Reynolds | AFP | Getty Images Treasury Secretary Janet Yellen on Monday unveiled a new slate of financing initiatives to support housing development, including a $100 million fund specifically for affordable housing. The … Read more

Dow posts best week since May, Tesla cuts 14% of workforce

Traders work on the floor during morning trading at the New York Stock Exchange (NYSE) on March 6, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no … Read more

Yellen sanctions La Nueva Familia Michoacana cartel, issues new bank guidance

(NewsNation) — U.S. Treasury Secretary Janet Yellen announced Thursday new sanctions against members of a Mexican drug cartel accused of trafficking fentanyl, cocaine, meth and migrants through the U.S.-Mexico border. Included in the sanctions are eight members of the La Nueva Familia Michoacana drug cartel, a notoriously violent group that wars for territorial control with a … Read more