President Donald Trump said he will speak to Russian President Vladimir Putin on Thursday at 10 a.m. ET. The call comes two days after the U.S. said it would halt some U.S. missile and ammunitions shipments to Ukraine, which continues to fight off invading Russian forces. Ukraine President Volodymyr Zelenskyy said that Washington and Kyiv Read More…
The vote to begin final debate marks a win for Republican leadership seeking to deliver on Trump’s second term policy agenda. The megabill suffered a major setback earlier. House Speaker Mike Johnson spent the day trying to unify his conference. Republican leadership is trying to pass the bill ahead of Trump’s self-imposed July 4 deadline. Read More…
House Republican leadership does not appear to have enough votes to advance President Donald Trump’s megabill in the House. It is unclear whether Speaker Mike Johnson can pressure enough of his party’s holdouts to drop their opposition, and get the massive package over the finish line. Any changes to the House version of the bill Read More…
President Donald Trump said the United States has struck a trade deal with Vietnam. The agreement includes a 20% U.S. tariff on Vietnamese goods, as well as a 40% “transshipping” tariff, Trump said. He announced the deal days before a deadline paring back his “reciprocal” tariffs is set to expire, sending U.S. duties on imports Read More…
Senators are still voting on amendments to President Donald Trump’s “big, beautiful bill,” in what’s known as a vote-a-rama. Senate Majority Leader John Thune can only afford to lose three Republican votes and get the package through his chamber. If the bill passes in the Senate, it still faces an uncertain future in the House, Read More…
Republicans got closer to advancing President Donald Trump’s massive spending package following a procedural vote. The Senate is poised to now debate the megabill for hours, as Democrats have already signaled that they will force the 940-page bill to be read out loud. Questions still remain about whether the package will ultimately pass the House Read More…
Elon Musk said that President Donald Trump’s “big, beautiful bill” will “destroy millions of jobs in America and cause immense strategic harm to our country!” in a post on X. Musk’s prior criticisms of the spending package triggered a public feud between the two men even though the Tesla and SpaceX CEO had been the Read More…
Republican Senate leadership is eying a procedural vote on President Donald Trump’s “big, beautiful bill” as soon as Saturday, following weeks of tense negotiations over key provisions. Some last-minute additions — and changes — to the massive package brought key wins for business leaders and lawmakers. Questions still remain about whether the House will ultimately Read More…
President Donald Trump’s megabill is now with the House, where the Senate’s changes need to be approved a final time. But some Republicans are already objecting to the revised language. House Speaker Mike Johnson can lose just a handful of votes and still get the legislation passed on a party-line vote. Lawmakers are rushing to Read More…
The House Judiciary Committee issued subpoenas to Brown University and the University of Pennsylvania, demanding additional records as part of a widening probe into whether Ivy League schools are in violation of antitrust laws. Harvard University was also recently subpoenaed by the same committee. The subpoenas give Penn and Brown until July 22 to produce Read More…
Sen. Lisa Murkowski of Alaska cast a crucial vote for President Donald Trump’s massive tax bill, putting Senate Republicans over the top to pass it with a tie-breaking vote. But before she voted yes, the senator secured a key carveout for her state, exempting Alaska from strict new food stamp rules for two years. “Do Read More…
The Senate passed its version of President Donald Trump’s megabill after days of tense negotiations in the upper chamber. The House now has the reins on Trump’s domestic policy package, where questions remain about whether enough lawmakers will vote for it. Trump has repeatedly insisted that he wants the bill on his desk by July 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…
Tesla and SpaceX CEO Elon Musk unloaded on the massive tax-and-spending bill that Trump is pushing Republicans to quickly ram through Congress. Musk vowed that any fiscal conservatives who vote for the bill will face his wrath in their next primary races. Musk spent around $290 million backing Trump and other Republicans in the 2024 Read More…
President Donald Trump criticized AT&T in consecutive Truth Social posts, saying the cell phone carrier “ought to get its act together.” He said that “AT&T obviously doesn’t know what they’re doing!” after there were technical issues on a conference call he was holding with faith leaders. The Trump Organization on June 16 launched a wireless Read More…
A Trump administration probe of Harvard University found the school violated the civil rights of Jewish and Israeli students. Harvard said it “strongly disagrees” with the government’s findings. The findings are the latest in a series of moves by the administration targeting Harvard that include the freezing of more than $2 billion in federal grants. Read More…
The White House said Canada and Prime Minister Mark Carney “caved” to President Donald Trump by hastily rescinding the country’s digital services tax. Trump had threatened to cut off all trade talks with Ottawa in retaliation for the tax. The White House said it will likely ask more countries to drop their DSTs as part Read More…
The move comes after Trump announced over the weekend that he will be “terminating ALL discussions on Trade with Canada.” The first payments from Canada’s digital services tax were initially set to be collected Monday. The tax would have applied to both domestic and foreign tech companies with a 3% levy. U.S. President Donald Trump is Read More…
The U.K.’s trade deal with the U.S. comes into effect on Monday. It gives British cars a preferential tariff rate over autos imported to America from other parts of the world. However, questions over a reduction in tariffs on U.K. metals remain. Prime Minister Keir Starmer speaks during a visit to a Jaguar Land Rover Read More…
“It’s not a hard choice, and I will not be seeking re-election,” Sen. Thom Tillis announced. His announcement comes after he voted against advancing President Donald Trump’s megabill. Trump has repeatedly criticized Tillis over his opposition to the sweeping tax package — and has threatened to explore primary challengers to the two-term senator. Sen. Thom Read More…
President Donald Trump said that Democratic mayoral candidate Zohran Mamdani has to “do the right thing” if he’s elected, “or they’re not getting any money.” “Whoever’s mayor of New York is going to have to behave themselves, or the federal government is coming down very tough on them financially,” Trump said. Trump has previously threatened to 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…
Council Members Founding Members One third of small businesses are experimenting with gen AI and a quarter of them are already seeing the upside, according to a recent small business survey. One of the biggest benefits is getting ahead in the race for talent, with gen AI-equipped small businesses 45% more likely to fill open Read More…
The U.S. Treasury Department delayed a Jan. 1, 2025, deadline to file a new “beneficial ownership information” report by about two weeks, to Jan. 13. It delayed the BOI reporting requirement following recent federal court rulings. The requirement was created by the Corporate Transparency Act, which aims to curb illicit finance. Janet Yellen, U.S. Treasury Read More…