President Trump pointed to allegations of mortgage fraud by Lisa Cook in saying she was fired as a governor of…
Category: News – CNBC
Trump’s Cook firing will likely end up in the Supreme Court’s hands
Trump is the first president to attempt to fire a Fed governor since Congress established the central bank in 1913,…
Musk companies sue Apple, OpenAI alleging anticompetitive scheme
Two of Elon Musk's companies sued Apple and OpenAI on Monday, accusing the pair of an "anticompetitive scheme" to thwart…
Intel says Trump deal has risks for shareholders, international sales
President Donald Trump called the agreement "a great Deal for America" and said the building of advanced chips "is fundamental…
Solar executives warn that Trump attack on renewables will lead to power crunch that spikes electricity prices
Renewable power executives say difficulty getting permits, rising costs due to tariffs and the end of key tax credits are…
Higher tariffs are kicking in. Here’s what Walmart and other retailers said about their impact
Consumer spending has largely stayed strong so far and the pinch from higher duties hasn't been as severe as some…
Trump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her…
Powell indicates conditions ‘may warrant’ interest rate cuts as Fed proceeds ‘carefully’
Powell on Friday gave a tepid indication of possible cuts ahead as he noted a high level of uncertainty. ...
Trump half-billion-dollar civil fraud penalty thrown out by appeals court
The fraud lawsuit against President Donald Trump and others, which led to the penalty, was filed by New York State…
Walmart hikes sales and earnings outlook even as it says tariff costs are rising
Walmart said it has raised prices for some items but kept others unchanged as tariff costs rise. ...
Trump demands Fed’s Cook resign after housing official calls for ‘mortgage fraud’ probe
Trump has targeted the Federal Reserve and its chairman, Jerome Powell, as he pressures the central bank to slash interest…
Intel in talks with other large investors for equity boost at discount, sources say
It comes after SoftBank announced it would invest $2 billion in the struggling chipmaker. ...