CNN, a division of Warner Bros. Discovery, plans to lay off hundreds of employees this week as part of a strategy to refocus its business around a global digital audience, according to a CNBC report on Wednesday.
U.S. Treasury Secretary Janet Yellen acknowledged in a CNBC interview that the Biden administration's pandemic stimulus spending may have contributed “a little bit” to inflation.
Incoming trade advisor Peter Navarro has reassured Americans that the tariffs planned for President-Elect Donald Trump's next term will not lead to inflationary pressures. Speaking with CNBC, Navarro pointed to the significant tariffs imposed on Chinese imports during Trump’s previous term, such as steel, aluminum, dishwashers, and solar panels. Despite fears that these tariffs would drive up prices, Navarro emphasized that they had no discernible impact on inflation. He also dismissed past warnings about inflation, recalling how critics had predicted economic chaos during Trump’s first term, only to see those fears prove unfounded.
Chinese President Xi Jinping has reportedly turned down President-elect Donald Trump’s invitation to attend his inauguration on January 20, 2025. Trump’s outreach to Xi was part of an effort to establish dialogue with not only allied nations but also with competitors and adversaries.
During Thursday's episode of The View, co-host Whoopi Goldberg accused Health and Human Services (HHS) nominee Robert F. Kennedy Jr. of fat-shaming Americans by advocating for healthy lifestyle choices over weight-loss drugs. The exchange followed Kennedy’s comments to CNBC’s Jim Cramer, where he suggested that Americans should prioritize diet and exercise before resorting to GLP-1 medications like Ozempic and Mounjaro.
Rep. Ro Khanna (D-CA) openly criticized California's recent proposal to potentially exclude Tesla from receiving electric vehicle (EV) credits during an appearance on CNBC.
President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald and cryptocurrency advocate, to serve as commerce secretary in his upcoming administration. Trump made the announcement on Tuesday via Truth Social, citing both Lutnick’s business expertise and commitment to advancing Trump’s trade policies.
Jack Hollis, Toyota’s North American Chief Operating Officer (COO), said that policies surrounding electric vehicles (EVs) are not working with consumer demand.
