Optimism that negotiations between the United States and China over recent trade tensions has taken a hit and investors are getting impatient, according to Wall Street veteran Peter Boockvar. Boockvar’s comments came after President Donald Trump said late on Thursday that he had told the U.S. Trade Representative to consider […]
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House Oversight Committee’s top Democrat calls for hearing with Scott Pruitt and aides
Rep. Elijah Cummings, D-Md., has asked the House Oversight Committee to subpoena documents from and hold a hearing with embattled Environmental Protection Agency Administrator Scott Pruitt and his top aides. Pruitt has fallen under scrutiny amid reports that he frequently made pricey travel arrangements and that he paid cheap rent […]
Dow futures indicate more than 350 point drop at market open after Trump threatens more tariffs on China
U.S. stock futures traded lower on Thursday night after President Donald Trump said he has asked the United States Trade Representative to consider $100 billion in additional tariffs against China. As of 8:25 p.m. ET, the implied open for the Dow Jones industrial average was more than 350 points lower, […]
‘Illegal’ crossing attempts at US Southwest border triple in March from year ago
The U.S. Department of Homeland Security announced Thursday that “illegal” crossing attempts from the Southwest border tripled in March compared with a year ago. “We saw a 203 percent increase from March 2017 compared to March 2018 and a 37 percent increase from last month to this month — the […]
Twitter defends itself after spate of false stories about YouTube shooting
Twitter defended its current policies while saying it would invest more in combating misinformation, after fielding criticism for the number of fake accounts and hoaxes that arose during the shooting on YouTube’s campus on Tuesday. Twitter has come under fire for fake news in the past, but the number of […]
Trump asks US trade representative to consider $100 billion in additional tariffs on Chinese products
President Donald Trump on Thursday said he has instructed the United States Trade Representative to consider $100 billion in additional tariffs against China. “In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would be appropriate under section 301 and, if […]
Toys R Us bankruptcy created ‘the perfect storm’ for Ollie’s Bargain Outlet, says CEO
Since its 2015 public offering, Ollie’s Bargain Outlet Holdings has gained traction in the market. So when Toys R Us liquidated its U.S. business in March, Ollie’s CEO Mark Butler seized the day. “I think this is the perfect storm for us,” Butler, also the chairman of Ollie’s, told CNBC’s […]
March hiring was strong, even with wacky weather, and wages could surprise
Economists expect to see strong hiring and steady wage growth in the March employment report, but markets are bracing for a surprise pop in wages. It was the surprise jump in January wages that sent markets into a tailspin in early February, kicking off two months of volatility that has […]
Here’s what we know – and don’t know – about Trump’s plan to send National Guard troops to the border
President Donald Trump’s order to deploy National Guard forces has left key national security players in his administration scrambling to nail down details for the mission, such as its scope, its cost and its duration. Top officials, however, have said they have been in constant communication with each other regarding […]
If tariffs go through, US-China relationship becomes ‘much more dangerous’: Foreign policy expert Ian Bremmer
The U.S. and China are not in a trade war, but there is potential pain ahead if the proposed tariffs on both sides go through, foreign policy expert Ian Bremmer told CNBC on Thursday. “If we see the policies that the Americans and Chinese are talking about actually become implemented […]