All posts tagged: Breaking News: Business

Trump, journalists to meet at White House correspondents’ dinner

Trump, journalists to meet at White House correspondents’ dinner

Published by Sam Flores

Donald Trump’s expected attendance at Saturday’s annual White House Correspondents’ Association dinner in Washington, for the first time as president, will put his administration’s often-contentious relationship with the press on full public display. Trump will be watched closely at the event held by the organization of reporters who cover him and his administration. Past presidents who have attended have generally spoken about the importance of free speech and the First Amendment, adding in some light roasts about individual journalists. The Republican president did not attend during his first term or the first year of his second. He came as a guest in 2011, sitting in the audience as President Barack Obama, a Democrat, made some jokes about the New York real estate developer. Trump also attended as a private citizen in 2015. Past dinners have also featured comedians who poke at presidents. This year, the group opted to hire mentalist Oz Pearlman as the featured entertainment. Trump’s planned appearance is rekindling a longer running debate about the dinner and events like it — in particular, …

U.S. Senate votes to advance billion funding plan for ICE, Border Patrol

U.S. Senate votes to advance $70 billion funding plan for ICE, Border Patrol

Published by Sam Flores

U.S. Senate Republicans voted on Thursday to advance a $70 billion plan ⁠to fund the Immigration and Customs Enforcement and Border Patrol agencies for the next three years, ignoring demands from Democrats for guardrails on immigration enforcement agents and their operations. Lawmakers voted 50-48 in the predawn ​hours to adopt the non-binding budget resolution and send it ​to the U.S. House of Representatives, taking a ​crucial step forward in their effort to end a partial shutdown that has gripped the Department of Homeland Security since mid-February. Two Republicans — Senators Rand Paul and Lisa Murkowski — opposed the measure. If adopted by the House, the resolution will allow congressional committees to begin filling in the details on how the $70 billion would be spent in separate legislation ⁠that President ‌Donald Trump would have to sign into law. The new funding would be expected to ⁠run through Trump’s presidency, which ends in January 2029. With Democrats adamantly opposed to the funding initiative, Republicans plan to employ a rarely used procedure known as budget reconciliation in the …

Ships attacked as Trump extends Iran ceasefire

Ships attacked as Trump extends Iran ceasefire

Published by Sam Flores

In this handout photo provided by U.S. Central Command, U.S. forces patrol the Arabian Sea near M/V Touska on April 20, 2026, after firing upon the Iranian-flagged vessel that the U.S. accused of attempting to violate the U.S. naval blockade of Iranian ports near the Strait of Hormuz. U.S. Navy | Getty Images Iran’s navy on Wednesday said it had seized two container ships in the strategically vital Strait of Hormuz, shortly after the U.S. extended the ceasefire and as diplomats seek to bring the countries together for peace talks. Iran’s Revolutionary Guard Navy said in a statement that it had seized the ships for what it claimed were maritime violations and transferred them to Iranian shores, according to state media. CNBC could not independently verify the claim. The announcement came after U.K. maritime authorities said two ships had been attacked in the Strait of Hormuz. Iranian media reported a third vessel had also been targeted by the country’s military. Read more U.S.-Iran war news International benchmark Brent crude futures with June delivery traded 0.5% …

Trump favors companies that don’t seek tariff refund

Trump favors companies that don’t seek tariff refund

Published by Sam Flores

President Donald Trump on Tuesday told CNBC that he will gratefully “remember” U.S. companies that do not seek refunds for the tariffs he unilaterally imposed, which the Supreme Court later ruled were illegal. Trump’s comment on “Squawk Box” came a day after U.S. Customs and Border Protection opened a portal for importers to seek more than $160 billion in potential refunds for the so-called IEEPA tariffs. He was asked about a number of large companies, among them Apple and Amazon, that have not filed requests for refunds for the tariffs they paid, potentially because they are worried about “offending” Trump. Asked if he would find it offensive for them to seek a refund, Trump said, “Brilliant if they don’t do that.” “Actually, if they don’t do that, they’ve got to know me very well,” he said. “I’m very honored by what you just said.” “If they don’t do that, I’ll remember them,” Trump said. Read more CNBC politics coverage The president again complained about the 6-3 Supreme Court decision that voided those tariffs. That ruling, …

Kash Patel sues The Atlantic for 0 million over alcohol abuse claims

Kash Patel sues The Atlantic for $250 million over alcohol abuse claims

Published by Sam Flores

FBI Director Kash Patel testifies before a Senate Judiciary Committee hearing on oversight of the Federal Bureau of Investigation, on Capitol Hill in Washington, D.C., U.S., September 16, 2025. Jonathan Ernst | Reuters FBI Director Kash Patel on Monday filed a lawsuit seeking $250 million in damages from The Atlantic magazine, claiming defamation in an article that alleges he abuses alcohol. Patel, over the weekend, had vowed to sue The Atlantic for the article published Friday, which carried the headline “Kash Patel’s Erratic Behavior Could Cost Him His Job.” “The FBI director has alarmed colleagues with episodes of excessive drinking and unexplained absences,” the article’s subhead says. Patel’s 19-page suit was filed in U.S. District Court in Washington. The civil complaint also names the article’s author, Sarah Fitzpatrick, as a defendant. Patel’s suit said it seeks to hold the defendants “accountable for a sweeping, malicious, and defamatory hit piece.” Read more CNBC politics coverage “Defendants are of course free to criticize the leadership of the FBI, but they crossed the legal line by publishing an …

Trump faces tests from Cuba to the Strait of Hormuz

Trump faces tests from Cuba to the Strait of Hormuz

Published by Sam Flores

A man stands as a tugboat guides the Russian oil tanker Anatoly Kolodkin at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026. Yamil Lage | Afp | Getty Images Energy shipments are increasingly being used as a foreign policy tool as the Trump administration attempts to hold down two blockades on opposite sides of the globe. The U.S., under the direction of President Donald Trump, has initiated a naval blockade targeting Iranian vessels in and around the strategically vital Strait of Hormuz, seeking to put economic pressure on Iran and bring an end to the Middle East crisis. The move has prompted concern from China, given it has long been the largest buyer of Iranian crude, with Beijing calling the blockade “irresponsible and dangerous.” Iran, for its part, on Friday declared the Strait of Hormuz “completely open” to all commercial traffic in the wake of a ceasefire announcement between Israel and Lebanon. At the same time, the U.S. has imposed a de facto fuel blockade on Cuba, threatening to …

U.S. fighter jet downed in Iran

U.S. fighter jet downed in Iran

Published by Sam Flores

A U.S. Air Force F-15E Strike Eagle on 16 July 2020. Nurphoto | Nurphoto | Getty Images The U.S. was searching for the crew of an American fighter jet Friday after it was downed in Iran, a U.S. official told MS NOW. It isn’t clear if the plane was shot down or went down for another reason, MS NOW said. The jet was an F-15, which has two crew members, and the whereabouts of the servicemembers was unknown, according to MS NOW. The Pentagon and U.S. Central Command didn’t immediately comment. The New York Times said Iran shot down the fighter jet, citing U.S. and Israeli officials and Iranian state media, though MS NOW said it hadn’t independently verified the reporting. It appeared to be the first known loss of a U.S. jet in the country since the war in Iran started in late February. The downing of the jet comes at a delicate time, when the U.S. has showed few signs of slowing its assault on Iran and reports of potential peace talks did …

Trump tariffs fall, but trade war impacts linger

Trump tariffs fall, but trade war impacts linger

Published by Sam Flores

A year after President Donald Trump declared his “liberation day” and imposed sweeping tariffs on imports, kicking off a wave of economic and political uncertainty, some companies are still feeling the effects. While some industries have emerged largely unscathed — having weathered twists and turns of several tariff iterations — others, such as retail, automotive, consumer packaged goods and pharmaceuticals, are navigating a new reality in global supply chains. “Leadership at U.S. corporations really had to think about where we buy from versus whether we can import or not,” said Venky Ramesh, a supply chain expert with AlixPartners. “Around 80% to 85% of the costs were absorbed domestically, meaning either the U.S. corporations had to take the hit, or they passed it on to the customers, or a mix of both.” On April 2, 2025, in the White House’s Rose Garden, Trump announced broad country-by-country tariffs, as well as a 10% baseline levy on countries that weren’t specifically listed in that declaration. Those tariff policies fluctuated wildly over the following months as Trump made deals …

U.S. Postal Service seeks 8% fuel surcharge for package deliveries

U.S. Postal Service seeks 8% fuel surcharge for package deliveries

Published by Sam Flores

Postal carrier Marc Jacques delivers the mail in a neighborhood on March 19, 2026 in Miami, Florida. Joe Raedle | Getty Images The U.S. Postal Service on Wednesday said it is seeking to impose a temporary 8% fuel surcharge for package and express mail deliveries to deal with rising transportation costs, which include higher oil prices as a result of the Iran war. If approved by the Postal Regulatory Commission, the surcharge would take effect April 26 and remain in place until Jan. 17, 2027, the Postal Service said in a notice on its website. The 8% surcharge would apply to postage on Priority Mail Express, Priority Mail, USPS Ground Advantage, and Parcel Select products. First-class stamps and other mail services would not be affected. Oil prices have jumped more than 40% since Feb. 28, when the United States and Israel attacked Iran. Read more U.S.-Iran war news FedEx and UPS, two major package shippers, for years have imposed fuel surcharges on deliveries. Those surcharges have sharply increased since the U.S. and Israel attacked Iran …

ICE agents will be deployed to U.S. airports on Monday: Homan

ICE agents will be deployed to U.S. airports on Monday: Homan

Published by Sam Flores

Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Friday, March 20, 2026. Elijah Nouvelage | Bloomberg | Getty Images Immigration and Customs Enforcement agents will deploy to airports on Monday to help ease security lines amid the Department of Homeland Security shutdown, White House border czar Tom Homan said Sunday. President Donald Trump on Saturday threatened to deploy ICE agents to airports as the shutdown drags into its second month, creating headaches for travelers moving through hours-long Transportation Security Administration security lines. Homan confirmed that ICE will be deployed on Monday during an appearance on CNN’s “State of the Union.” “We will be at the airports tomorrow, helping TSA move those lines along,” Homan said, adding that ICE will assist in areas like guarding exit doors to relieve TSA agents for screening travelers. “We’re simply there to help TSA do their jobs in areas that don’t need their specialized expertise.” Homan said the details of the plan are still under discussion, …