The trade relationship between China and the European Union is becoming increasingly fractured. Trade tensions between the two have long been simmering, but now appear to be heating up. There is little expectation for the relationship to improve, experts say. European Union and Chinese flags are displayed side by side in the meeting room where Read More…
President Donald Trump announced a blanket 50% tariff on imports from Brazil, citing his anger over the country’s treatment of its former president, Jair Bolsonaro. Trump’s tariffs would be imposed using the International Emergency Economic Powers Act, or IEEPA, a White House official said. Trump’s interpretation of his powers under that law is at the Read More…
The Department of Education has launched a probed into George Mason University’s hiring practices, the second time this month that the school has been the target of a federal investigation. A complaint by professors alleges that George Mason violated the Civil Rights Act of 1964 by giving preferential treatment to candidates from “underrepresented groups.” If Read More…
A federal appeals court in New York upheld a civil jury verdict that found President Donald Trump liable for sexually abusing and defaming the writer E. Jean Carroll. Trump was ordered in that case to Carroll $5 million in damages. Carroll in 2019 had accused Trump of raping her in the New York department store Read More…
President Donald Trump’s budget chief said that Federal Reserve Chairman Jerome Powell “has grossly mismanaged the Fed.” Office of Management and Budget Director Russell Vought also suggested Powell had misled Congress about a pricey renovation of the central bank’s headquarters. Vought’s broadside opens up a new front in the Trump administration’s war on the Fed Read More…
The U.K. is pulling out the stops for Emmanuel Macron’s state visit, during which the French president and his wife will enjoy a carriage procession to Windsor Castle, as well as a state banquet. Macron will address lawmakers in London on Tuesday and hold talks with British Prime Minister Keir Starmer during his visit. The Read More…
The decision was made after he received a national security assessment, U.S. President Donald Trump said in a post on Truth Social. Copper prices rose 2.62%, following Trump’s latest announcement. The U.S. imports nearly half of the copper it uses. Copper wires at a recycling facility in Salt Lake City, Utah, US, on Thursday, May 8, Read More…
Bishop Alberto Rojas of the Diocese of San Bernardino said that parishioners with a “genuine fear of immigration enforcement actions” are exempt from Mass obligations “until such time as this decree is revoked or amended.” Catholic bishops have previously issued exemptions during natural disasters or massive societal events, such as the COVID-19 pandemic. The Diocese Read More…
President Donald Trump said Wednesday the U.S. will slap a 50% tariff on Brazil’s imports, partly in retaliation for the ongoing prosecution of the country’s former president, Jair Bolsonaro. US President Donald Trump speaks during a multilateral lunch with visiting African Leaders in the State Dining Room of the White House in Washington, DC, on Read More…
President Donald Trump claimed he told Russian President Vladimir Putin that if he goes “into Ukraine, I’m going to bomb the sh– out of Moscow,” according to audio obtained by CNN. Trump reportedly issued a similar warning to Chinese President Xi Jinping, who largely dismissed Trump’s comments. Trump has taken a more critical tone with Read More…
Oak View Group CEO Tim Leiweke has been indicted on a federal criminal conspiracy charge related to his alleged role in rigging the bidding to develop, manage and operate the University of Texas’ athletic arena in Austin. Oak View Group CEO Tim Leiweke attends the groundbreaking ceremony for the new University of Texas event facility, Read More…
President Donald Trump signaled he would send more letters dictating new U.S. tariff rates on a slew of countries’ imports. Trump on Monday told leaders of 14 countries, including Japan and South Korea, that their exports to the U.S. would face steep new tariffs starting Aug. 1. President Donald Trump, accompanied by U.S. Secretary of Read More…
Iranian Oil Minister Mohsen Paknejad stressed the risks that armed escalations pose to crude markets, calling for a “principled stand” against the political use of war. Iran was locked in 12 days of missile strikes and hostilities with regional rival Israel in June. Oil markets have been on the watch for potential supply disruptions in Read More…
Uncertainty persists about when a trade agreement between the U.S. and EU may be struck. U.S. President Donald Trump has suggested an agreement could come as soon as this week, however. US President Donald Trump during a cabinet meeting at the White House in Washington, DC, US, on Tuesday, July 8, 2025. Aaron Schwartz/CNP/Bloomberg via Read More…
President Donald Trump’s threats to impose high tariffs on countries make U.S. trading partners and investors nervous. But his sector tariffs could hurt consumers and businesses more in the long run. Trump has doubled tariffs on steel and aluminum imports to 50% under Section 232 rules that permit him to bypass Congress if national security Read More…
The Supreme Court allowed the Trump administration to proceed with large-scale reductions in staff at many federal government agencies while opponents continue to seek to block those efforts in lower-court proceedings. The Supreme Court’s decision is not the latest word on the legality of the cutbacks. The high court is likely to consider that issue Read More…
President Donald Trump said he was “not happy” with Vladimir Putin over the ongoing war on Ukraine. Trump accused the Russian leader of throwing ‘bulls—‘ at the United States in response to efforts to end that conflict. U.S. President Donald Trump speaks during a cabinet meeting at the White House in Washington, D.C., U.S., July Read More…
President Donald Trump said he will impose a 50% tariff on copper imports, and suggested more steep sector-specific duties are on the way. “Today, we’re doing copper,” Trump said during a Cabinet meeting. “I believe the tariff on copper, we’re going to make it 50%.” Trump also said he would soon announce tariffs “at a Read More…
The IRS in a new federal court filing says that churches can endorse political candidates to their congregations without risking the loss of their tax-exempt status. The move upends a 70-year interpretation of the U.S. tax code, whose Johnson Amendment has barred certain nonprofit groups, including churches, from endorsing political candidates without putting their tax-exempt Read More…
White House economist Stephen Miran said President Donald Trump’s tariffs could raise prices, but suggested that was highly unlikely. “Rare events happen. We get pandemics or, or meteors or whatever,” the Council of Economic Advisers chair told CNBC. Many economists say they expect to see prices increase in the coming months. A top White House economic 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…
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…