Donald Trump

On Wednesday, the Federal Reserve reiterated its previous stance that its July interest rate cut was a “midcycle adjustment,” implying the U.S. economy is on stable footing and there is no set schedule for future rate cuts. What Happened? The Fed released its July meeting minutes, and...

President Donald Trump postponed a planned Sept. 2 visit to Denmark after his proposal to buy Greenland, which borders the Arctic Ocean, was brushed aside. The cancellation was confirmed by a White House spokesman. Trump described Denmark as a “very special country" in a tweet...

Stocks have been on shaky ground in the month of August as concerns over a U.S. recession have rising. The White House went on the defensive over the weekend, assuring Americans that the economy is solid. The Dow Jones Industrial Average plummeted 800 points last Wednesday after the 2-year and 10-...

The Federal Reserve has "some explaining to do" if it speeds up the pace of interest rate cuts, CNBC quoted Chris Rupkey, chief financial economist at MUFG, as saying in a note. What Happened The Federal Reserve's recent interest rate cut in late July looks "more out of line...

The U.S.-China trade war escalated further Thursday after China's government stated it will take all "necessary counter-measures" in reaction to the new round of tariffs announced by U.S. President Donald Trump's administration. China Ready To 'Escalate' China's...

American rapper Rakim Mayers, known to his fans as A$AP Rocky, will face no more prison time in Sweden despite receiving a guilty verdict, The Washington Post reported. What Happened Mayers was arrested in Sweden in late June after being accused of throwing a man to the ground while visiting the...

Billionaire activist investor Carl Icahn appeared on CNBC on Thursday and discussed several important topics on Wall Street, including the Occidental Petroleum Corporation (NYSE: OXY) buyout of Anadarko Petroleum Corporation (NYSE: APC), the health of the general market and the potential impact of...

The SPDR S&P 500 ETF Trust (NYSE: SPY) is down more than 2% so far in the month of August after President Donald Trump threatened to impose new 10% tariffs on $300 billion worth of Chinese imports not already covered under the existing tariffs. In retaliation, China has halted all purchases of...

President Donald Trump said Monday that America “must condemn racism, bigotry and white supremacy," adding that the country needs to do more to stop mass killings before they occur in the wake of two shootings that left 30 people dead. Trump focused heavily on “the...

U.S. President Donald Trump called for a bipartisan move to strengthen background checks for people trying to buy guns in the wake of weekend mass shootings in Ohio and Texas, and suggested the effort might also include immigration reform. The president’s comments came in a Monday morning...

Apple Inc. (NASDAQ: AAPL) is the “poster child” for companies hit by the U.S.-China trade war, and new tariffs announced by President Donald Trump will weigh on shares, but Cupertino should be able to weather the cost increases the new tariffs will likely bring, analysts said. It might...

U.S. stocks traded sharply lower for the second consecutive day on Friday after U.S. President Donald Trump threatened to once again ramp up his trade war with China by implementing a 10% tariff on an additional $300 billion of Chinese goods starting on Sept. 1. A new report on Friday that Trump...

President Donald Trump's surprise announcement of new tariffs on Chinese goods Thursday represents a "horrible event" for apparel companies, Liz Dunn, the founder and CEO of the retail data firm Pro4ma, told CNBC. ICYMI: New Tariffs The retail sector's fear of new...

Stocks took a big hit on Thursday afternoon after U.S. President Donald Trump said he will be implementing a new 10% tariff on the remaining $300 billion in Chinese goods not already included in existing U.S. tariffs. In a series of tweets, Trump said U.S. representatives are having constructive...

In a move that was widely expected, the Federal Reserve issued its first 0.25% interest rate cut since 2008 on Wednesday. Despite the cut, the Fed reassured investors that the U.S. economy is solid and the labor market remains strong. “In light of the implications of global developments for...