A federal judge denied a request by the Trump administration to unseal the transcripts of grand jury proceedings related to a criminal investigation of sex offender Jeffrey Epstein in Florida in the mid-2000s. The ruling does not affect other pending requests by the Department of Justice that seek to obtain transcripts of grand jury proceedings Read More…
Both the State Department and the Department of Education announced new investigations into universities. Harvard University, a frequent target of the Trump administration, is the subject of a new evaluation of its eligibility to participate in the Exchange Visitor Program, the State Department said. The University of Louisville, the University of Nebraska Omaha, the University Read More…
President Donald Trump announced a trade deal with Japan, which he said includes a 15% tariff rate and $550 billion of Japanese investments in the U.S. A card on his desk with details of the deal shows discrepancies and last-minute edits, according to a photo posted on X by Dan Scavino, the White House deputy Read More…
“We have Europe coming in tomorrow, and the next day, we have some other ones coming in,” U.S. President Donald Trump said late on Tuesday. The Aug 1. deadline for 30% tariffs on imports from the EU to the U.S. is just days away. U.S. President Donald Trump speaks to the media as he departs Read More…
Chinese and European Union leaders are meeting at a summit in Beijing on Thursday, with trade tensions running high. The summit marks 50 years of bilateral relations between China and the 27-nation bloc. The U.S., especially President Donald Trump’s tariff policy, is complicating EU-China ties. A staff member prepares for the arrival of Chinese Vice Read More…
The U.S. and Indonesia agreed to the framework of a trade agreement, the White House said in a joint statement. Jakarta will drop almost all tariffs on U.S. goods, while imports to the U.S. from Indonesia will be set at 19%, according to the statement. The U.S. and Indonesia will continue to “negotiate and finalize Read More…
A New Jersey man pleaded guilty in Oklahoma federal court to leading a theft ring that stole catalytic converters and sold them for more than $600 million to a refinery that extracted precious metals contained in the devices. Navin Khanna is the latest person to plead guilty in connection with the ring. Khanna said he Read More…
Sen. Mike Lee, R-Utah, reportedly shared a fake, apparently AI-generated letter purporting to show Jerome Powell resigning as chairman of the Federal Reserve. The phony letter — addressed to “The President” — featured a garbled Fed seal with non-English characters and a slightly misshapen depiction of an eagle, as well as some unusual text spacing. Read More…
Join us for Small Business Playbook Virtual Event on August 6th! Register now! Small Business Playbook Events Small Business Playbook Event 2025 Concerns about inflation and tariffs are still relatively high on Main Street, but small business owners are more confident in the economy and business outlook than earlier in 2025. President Trump’s approval ratings Read More…
President Donald Trump said the U.S. has “concluded” a trade deal with the Philippines that includes a 19% tariff on goods imported from the southeast Asian country. “In addition, we will work together Militarily,” Trump said in a Truth Social post announcing the deal, President Donald Trump said Tuesday that the U.S. has “concluded” a Read More…
Join us for Small Business Playbook Virtual Event on August 6th! Register now! Small Business Playbook Events Small Business Playbook Event 2025 The majority of small business owners who currently use AI plan on increasing investment, according to the latest CNBC|SurveyMonkey Small Business Survey. Four in ten small business owners overall use AI to help Read More…
The House of Representatives will begin its August recess early to avoid Republicans being forced to vote on Democratic-backed motions related to the Jeffrey Epstein files. “There’s no purpose for Congress to push an administration to do something that they’re already doing,” House Speaker Mike Johnson, R-La., told reporters. U.S. Speaker of the House Mike Read More…
Treasury Secretary Scott Bessent said the U.S. is likely to hash out an extension of President Donald Trump’s upcoming trade deadline with China. Bessent said he will be meeting with his Chinese counterparts in Stockholm, Sweden, next week. The two sides in mid-May agreed to a 90-day suspension of most of the heavy tariffs on Read More…
Deputy Attorney General Todd Blanche said that he plans to meet soon with Ghislaine Maxwell to ask her about other potential sexual abusers. Maxwell, a British socialite, is serving a 20-year prison term for her role in Jeffrey Epstein’s sex trafficking enterprise. Epstein, a former friend of President Donald Trump, killed himself in a federal Read More…
President Donald Trump’s $10 billion libel lawsuit against media baron Rupert Murdoch over a Wall Street Journal article about Jeffrey Epstein was assigned to the same Florida federal judge who presided over Trump’s prior breach-of-contract suit against his former personal lawyer Michael Cohen. Trump dropped that $500 million lawsuit against Cohen shortly after Judge Darrin Read More…
Hunter Biden said his father, former President Joe Biden, was given sleeping pills as he “flew around the world” in the days before his June 2024 presidential debate against Donald Trump. “They give him Ambien to be able to sleep, he gets up on the stage and he looks like he’s a deer in the Read More…
Trump Media and Technology Group said it has accumulated roughly $2 billion in bitcoin and related asset, totaling about two-thirds of its total liquid assets. Shares of TMTG, which trades on the Nasdaq as DJT, popped as high as 9% when markets opened. Trump’s stake in the company — which trades on the Nasdaq under Read More…
Treasury Secretary Scott Bessent suggested that implementing a “higher tariff level” on countries would put more “pressure on those countries to come with better agreements.” “The important thing” with President Donald Trump’s trade negotiations, “is the quality of the deal, not the timing of the deals,” he told CNBC. Trump has postponed his country-specific tariff Read More…
Commerce Secretary Howard Lutnick said that countries can still negotiate with the U.S. after Aug. 1, but that is the deadline for countries to begin paying so-called reciprocal tariffs. Lutnick also suggested smaller nations would likely have a baseline tariff of 10%. “The bigger economies will either open themselves up or they’ll pay a fair Read More…
Treasury Secretary Scott Bessent reportedly told President Donald Trump not to fire Federal Reserve Chair Jerome Powell, The Wall Street Journal reported. Bessent, who cited the possible legal, political and economic fall-out, mark a departure from other top Trump administration officials, who have increased their public criticism of Powell. Powell has repeatedly resisted Trump’s demands Read More…
President Donald Trump said that “even if” the courts release the grand jury transcripts in the cases of Jeffrey Epstein and Ghislaine Maxwell, “nothing will be good enough.” Trump’s post comes one day after the Department of Justice asked federal judges to unseal the grand jury testimonies in the criminal cases, following a request by Trump. Read More…
The Department of Justice asked federal judges to unseal grand jury transcripts in the criminal cases of Jeffrey Epstein and Ghislaine Maxwell. The formal requests came one day after President Donald Trump ordered Attorney General Pam Bondi to “produce any and all pertinent Grand Jury testimony, subject to Court approval.” Deputy Attorney General Todd Blanche Read More…
Expanding Opportunity Some 10% of entrepreneurs who started their own businesses last year identified as LGBTQ, according to Gusto. LBGTQ-owned businesses contribute $1.7 trillion to the U.S. economy, according to the National LGBT Chamber of Commerce. Small business owners have found support amid DEI backlash Liz Whalen co-owns Rebel Rebel, a hair salon in Libertyville, Read More…
The new Small Business and Technology Survey from the National Federation of Independent Business on Main Street shows how smaller firms are using AI. The survey found that only 24% of owners said they are using AI, including ChatGPT, Canva and Copilot in some capacity, compared to 76% who are not. Notably, 98% of those Read More…
Expanding Opportunity Logo with QR code for Fantuan Asian food delivery service in the Silicon Valley, Mountain View, California, January 3, 2021. Smith Collection/gado | Archive Photos | Getty Images NEW YORK – When Kelly Wu feels sick and wants a delivery of congee, the Chinese porridge she grew up eating, she opts for a Read More…
Currently, many pass-through businesses use a workaround — the pass-through entity, or PTE, tax — to bypass the $10,000 limit on the federal deduction for state and local taxes, known as SALT. The House-approved bill could block certain pass-through businesses from using the popular state-level tax break. However, this provision could still face changes amid Read More…
Isshiki Matcha is the latest business venture of 25-year-old Angel Zheng, who started her career as a fashion influencer. Zheng credits the Japanese concept of “ikigai” for helping her find purpose and success. Angel Zheng at Isshiki Matcha in New York, NY on May 21, 2025. Lisa Kailai Han | CNBC Angel Zheng is relying Read More…
For 2025, the Section 199A deduction for qualified business income, or QBI, is worth up to 20% of eligible revenue, with some limitations. This applies to so-called pass-through businesses, including sole proprietors, partnerships and S-corporations, along with some trusts and estates. The House Republican bill would make the deduction permanent, raise the maximum tax break Read More…
The Trump administration trade deal with China which paused the steepest tariffs on Chinese goods is not offering much relief to importers that face “stacking” of multiple import taxes sending the true cost well above 30%. From apparel to footwear, swimsuits to backpacks, tariff bills range from 40%-70%. Walmart said this week that prices will Read More…
Small Business Playbook Events Women business owners express more concern about inflation, the economy, and a potential recession than male counterparts, according to the latest CNBC|SurveyMonkey Small Business Survey for Q2 2025. Approval ratings of President Trump and his tariffs policy are both much lower among women who own businesses than among male small business Read More…
Founding Members CNBC CFO Council Just 30% of small business owners said they would rate the current state of the economy as excellent or good, according to the latest quarterly CNBC|SurveyMonkey Small Business Survey. While inflation and consumer demand continue to roil small business owners, it’s the threat of the potential Trump tariffs that is Read More…
For some Canadians, President Donald Trump’s tariffs may mean an erosion of trust with trade partners. Canadian national pride has sparked resistance and inspired action from small businesses. Canadian entrepreneurs are deciding which side of the border will absorb the costs of new tariffs. Close-up of ‘Shop Canadian’ poster displayed in a local storefront in Read More…
On Saturday, the Trump administration said it would exempt technology products like the iPhone, PCs and chips from much of the recently imposed Chinese tariffs. But for most businesses in the U.S., orders from China are being canceled and Chinese freight being shipped could be abandoned. Without a wider pause in the trade war with Read More…
President Trump’s new country-specific tariffs, on top of existing trade levies, will raise the cost of imports for U.S. businesses by an exponential amount, though in an announcement during the day Wednesday Trump said some countries, excluding China, would receive a 90-day reprieve. Rick Muskat, president of family-owned shoe retailer Deer Stags which imports its Read More…
President Donald Trump’s tariffs on Canadian products, along with the escalating trade war and rhetoric between the two nations, is starting to squeeze some small businesses in Vermont. Concerns for those small businesses include a decline in merchandise shipments to Canadian customers, a drop off in Canadian tourism and higher prices from imported products. “I Read More…
Meta’s head of business AI, Clara Shih, tells CNBC’s Julia Boorstin in an interview for CNBC Changemakers that she expects AI to transform every job and every business, including the hundreds of millions of small businesses that use WhatsApp, Instagram and Facebook to connect with customers. Meta Platforms is among the U.S. tech giants leading Read More…
The U.S. Department of the Treasury on Sunday said it won’t enforce the penalties or fines associated with the “beneficial ownership information,” or BOI, reporting requirements. Previously, the Treasury set a March 21 deadline for businesses to comply or risk fines of up to $10,000. The Treasury will also propose regulation to apply the BOI Read More…
Expanding Opportunity While many in Altadena’s entrepreneurial community remain optimistic about a recovery, multiple business owners described lengthy and difficult roads ahead. Some businesses were burned entirely to the ground, while others face long-term displacement due to damage or smoke. For those fortunate enough to have brick-and-mortar properties still standing, they’re surrounded by what some Read More…
The Treasury Department set a March 21 deadline for businesses to report “beneficial ownership information” or risk civil and criminal penalties. It delayed the prior deadline by 30 days. The delay comes after a Texas district court struck down a nationwide injunction on enforcement of the Corporate Transparency Act. The Treasury Department left open the Read More…
Small Business Playbook Events CNBC and SurveyMonkey’s latest quarterly polling of America’s small business owners finds majority support for diversity, equity and inclusion (DEI) efforts at a time when many national corporations are scaling back or ending DEI programs. Small business owners say they see positive impacts on the business from DEI goals, such as Read More…