CNBC News

China’s imports of sorghum in May rose 59 percent year on year to 470,000 tonnes, customs data showed on Saturday, despite an anti-dumping move by Beijing a month earlier that had roiled the grains trade. The surprisingly large number came even after China announced in mid-April that importers of sorghum from the United States would have to put up a 178.6 percent deposit on the value of shipments. Several cargoes of the U.S.-grown grain, used…

The U.S. Navy is drafting plans to house up to 25,000 immigrants on its bases and other facilities, at an estimated cost of about $233 million over six months, as the Trump administration seeks to ease a mounting crisis on the Mexican border, a U.S. official said on Friday. The Navy has not so far been asked to provide accommodation for migrants who have entered the United States illegally. The official, who asked not to…

The United States and South Korea have agreed to indefinitely suspend two exchange program training exercises, the Pentagon said on Friday, in the aftermath of the summit earlier this month between U.S. President Donald Trump and North Korean leader Kim Jong Un. “To support implementing the outcomes of the Singapore Summit, and in coordination with our Republic of Korea ally, Secretary Mattis has indefinitely suspended select exercises,” Pentagon spokeswoman Dana White said on Friday. “This…

Thursday was the first day of summer, which means we’re just at the start of hot and tinder-dry conditions that will bring added danger of wildfires in the Western states. Fire agencies are keeping helicopters, air tankers and other equipment ready to attack wildfires at a moment’s notice. High temperatures in the 90s and in the triple digits in some areas have created dangerous wildfire conditions and led firefighters to prepare for the worst. There…

If you think President Donald Trump has gotten as aggressive as he’ll get on the trade front, “you ain’t seen nothin’ yet,” CNBC’s Jim Cramer said Friday. With steel and aluminum tariffs already in place and more on the horizon, the “Mad Money” host didn’t expect the president to let up on his trade dispute with the rest of the world anytime soon. He even expected Trump to ban acquisitions by Chinese companies of U.S….

CNBC’s Jim Cramer isn’t exactly bullish about the tidal wave of earnings coming in July. “As we head into earnings season next month, there are three things that really worry me,” the “Mad Money” host said Friday. “One, slowing revenues from the end — or at least the pause — [of] the synchronized global economic expansion. Two, the stronger dollar, which is a very different story from the last quarter and is really bad news…

Red Hat’s stock may have just had its worst trading day since 2006 after the company’s earnings guidance underwhelmed Wall Street, but that won’t matter in the longer term, CEO Jim Whitehurst told CNBC on Friday. “If I could change anything” about the post-earnings conference call, “I would encourage investors to look long-term,” Whitehurst, also Red Hat’s president, told “Mad Money” host Jim Cramer in an interview. While the open-source software company beat analysts’ top-…

This week repeated a striking, if familiar, pattern: President Trump described a world detached from reality. On Twitter, at the White House, and on the campaign trail, Trump did more than get facts wrong. Over and over, he painted fundamentally false portraits of people and events to flatter himself, discredit predecessors and rivals, and promote his political objectives. Some highlights: At 6 a.m., Trump sought to contrast his immigration policies with Germany’s, tweeting crime “is…

If you think President Donald Trump has gotten as aggressive as he’ll get on the trade front, “you ain’t seen nothin’ yet,” CNBC’s Jim Cramer said Friday. With steel and aluminum tariffs already in place and more on the horizon, the “Mad Money” host didn’t expect the president to let up on his trade dispute with the rest of the world anytime soon. “Here’s the thing: the president believes we’ve seen remarkable job creation thanks…

Apple just launched a free repair program for users with faulty keyboards on some MacBook and MacBook Pro computers. Some users have complained about those computers, specifically calling out how keys can get stuck or don’t register when tapped. Computers in the program include MacBook models built from 2015 to 2017, as well as MacBook Pros from 2016 and 2017. Apple addressed the issue on the page for its new service program: Apple has determined…