Politics

Former White House economic advisor says more Fed hiking is coming

WASHINGTON — A former White House economist on Tuesday said he thinks the Federal Reserve will hike interest rates again…

House Majority Leader Steve Scalise has a ‘very treatable’ blood cancer

House Majority Leader Steve Scalise said Tuesday that he has been diagnosed with multiple myeloma, which he called “a very…

Trump legal challenges: Where the former president’s 7 cases stand right now

Donald Trump is headed into autumn facing an astonishing number of scheduled criminal and civil trials — six, with the…

Miami Mayor Francis Suarez suspends presidential campaign after failing to qualify for debates

Miami Mayor Francis Suarez announced Tuesday he is suspending his presidential campaign, making him the first Republican primary candidate to…

Commerce secretary says US firms complain China is ‘uninvestable’

U.S. Commerce Secretary Gina Raimondo said U.S. companies have complained to her that China has become “uninvestable,” pointing to fines,…

‘Farewell ceremony’ held for Wagner boss Prigozhin; UN says Ukrainian children showing learning loss

This was CNBC’s live blog tracking developments on the war in Ukraine on Aug.29, 2023. Russian President Vladimir Putin is…

State Department picks veteran diplomat Mark Lambert as top China policy official

The U.S. State Department has picked veteran diplomat Mark Lambert as its top China policy official, five sources familiar with the matter said, bringing in new leadership for a part of the department…

Kamala Harris touts strength of labor unions to build the middle class

WASHINGTON — Unions boost pay 10% to 15% for members and improve fringe benefits, bolstering the middle class and economy,…

Electric utilities face billions in wildfire liability with aging power lines risking another catastrophe

Electric companies in the western U.S. are facing mounting lawsuits alleging that their failure to prepare for extreme weather has…

Hawaiian Electric points finger at Maui County over devastating wildfires, stock jumps 40%

Hawaiian Electric is pushing back against a lawsuit filed by Maui County last week blaming the utility for triggering the…