business news

Biden targets Shein, Temu with new rules to curb alleged ‘abuse’ of U.S. trade loophole

The Biden administration announced new steps on Friday to curtail what it calls the “overuse and abuse” of a longstanding…

Federal Reserve will opt for slow policy easing as there’s ‘still work to do’ on inflation, Fitch says

The U.S. Federal Reserve’s easing cycle will be “mild” by historical standards when it starts cutting rates at its September…

China’s plan to boost consumption by encouraging trade-ins has yet to show results

BEIJING — China’s plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC.…

Trump Media shares fall to new post-merger low, despite ex-president’s claim he won debate

Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday’s presidential debate between its…

Stocks making the biggest moves after hours: Adobe, RH, Oracle and more

Check out the companies making headlines in extended trading: Adobe — Shares plunged more than 10% after the software company…

Harris raises $47 million in 24 hours after Trump debate

Vice President Kamala Harris raised $47 million in the first 24 hours following her Tuesday night debate against former President…

Judge tosses two criminal counts against Trump, keeps top charge in Georgia election case

A judge on Thursday dismissed two criminal counts against Donald Trump in his Georgia election interference case, but kept intact…

Trump rejects second Harris debate

Republican presidential nominee Donald Trump on Thursday said there will not be another debate against his Democratic rival, Vice President…

JD Vance repeats inflated immigration figures rejected by experts

Republican vice presidential nominee JD Vance made a dubious immigration claim Thursday as he blamed Vice President Kamala Harris for…

Interest payments on the national debt top $1 trillion as deficit swells

The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its…