Category: Finance

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders Meeting on April 30, 2022.CNBCLegendary investor Warren Buffett made a rare comment on President Donald Trump's tariffs, saying punitive duties could trigger inflation and hurt consumers."Tariffs are actually, we've had a lot of experience with them. They're an act...

Elon Musk holds up a chainsaw onstage during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, U.S., February 20, 2025. Nathan Howard | ReutersThe Consumer Financial Protection Bureau's Trump-appointed leadership plans to fire nearly all its 1,700 employees while "winding down" the agency, according to testimony from employees.In a...

Westend61 | Westend61 | Getty ImagesSome states have stopped disbursing funds to consumers via Biden-era rebate programs tied to home energy efficiency, due to a Trump administration freeze on federal funding enacted in January.The Inflation Reduction Act, passed in 2022, had earmarked $8.8 billion of federal funds for consumers through...

Tensions between the world's two largest economies have escalated over the last several years.Florence Lo | ReutersBEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses' calls for more concrete actions.On Feb. 19, authorities published a "2025 action plan for stabilizing foreign investment" to make...

GameStop Chairman Ryan Cohen.CNBCGameStop CEO and billionaire investor Ryan Cohen has increased his personal stake in Chinese e-commerce giant Alibaba to roughly 7 million shares worth about $1 billion, The Wall Street Journal reported Thursday.Citing people familiar with the matter, the Journal said the sizable stake in Alibaba is a...