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U.S. Ambassador to the EU Mark Gitenstein said China is “engaged in a deliberate effort to undermine economic sectors in both Europe and the United States.”The Biden administration announced Tuesday an increase in tariff rates on $18 billion of Chinese imports.It comes amid growing concerns over a raft of cheap Chin...

A brighter economic outlook has helped push Social Security's projected trust fund depletion date to one year later.Experts still say now is the time for Congress to take action and prevent a looming shortfall.People leave a Social Security Administration building in Burbank, California. Valerie Macon | Afp | Getty ...

A box of Ozempic and contents sit on a table in Dudley, North Tyneside, Britain, October 31, 2023. Lee Smith | ReutersThe Federal Trade Commission on Tuesday said it is challenging hundreds of alleged "junk" patents held by pharmaceutical companies for 20 brand-name drugs, including Novo Nordisk's blockbuster drugs ...

Russia's economy is expected to grow faster than all advanced economies this year, according to the International Monetary Fund.Russia is expected to grow 3.2% in 2024, the IMF said in its latest World Economic Outlook published Tuesday, exceeding the forecast growth rates for the world's advanced economies, includi...

President Joe Biden's new plan to "cancel runaway interest" on student loans may reach as many as 25 million borrowers.It is the provision that might prove to be the most wide-reaching of the president's revised relief program, which he hopes will stand up to any legal challenges this time.U.S. President Joe Biden s...

Top venture capitalist Vinod Khosla and Palantir advisor Jacob Helberg penned an open letter to the U.S. Senate calling on it to pass the so-called TikTok ban bill.Helberg and Khosla have regularly voiced their views on the dangers TikTok poses to the U.S., describing it as a "weapon of war."In an interview with CNB...

Shares in Trump Media & Technology Group fell sharply after the company reported a net loss of $58 million in 2023.The newly publicly traded social media company of former President Donald Trump had total revenue of just $4.1 million last year, according to a filing with the Securities and Exchange Commission.A year...

The Biden administration announced it would forgive $5.8 billion in student debt for 77,700 borrowers through the Public Service Loan Forgiveness program.It also said President Joe Biden would email another 380,000 public service workers, notifying them that they're on track to have their debt canceled within two ye...

A photo of a television screen shows French President Emmanuel Macron during a televised address to the nation, made from the Elysee Palace, after signing into law a pensions reform, in Paris, on April 17, 2023.Ludovic Marin | AFP | Getty ImagesFrench President Emmanuel Macron has doubled down on the possibility of ...

Google fired an employee who disrupted an Israel executive's conference keynote this week, CNBC has learned.It's the latest sign of controversy at the company, which has struggled with employee dissent for several years.Google also prematurely shuttered an internal discussion forum ahead of a planned International W...

A New Jersey man was arrested on charges for allegedly trafficking 675 SpaceX Starlink terminals purchased with stolen credit card accounts or hacked Starlink billing accounts, police said.Kelvin Rodriguez-Moya of Newark was stopped by police Dec. 4 while driving 223 Starlink terminals in a pickup truck and trailer ...

The nation's debt now stands at nearly $34.4 trillion, as of Wednesday.Since June, the last two $1 trillion jumps occurred in about 100 days.The U.S. Treasury building in Washington, D.C., on March 13, 2023.Al Drago | Bloomberg | Getty ImagesThe debt load of the U.S. is growing at a quicker clip in recent months, in...

A Baidu Inc. logo is displayed on the company's autonomous car.Qilai Shen | Bloomberg | Getty ImagesThe White House said on Thursday the United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about "connected" car tech...

A senior Russian official has signaled that Moscow will not be satisfied with occupying four Ukrainian regions and could again try to capture the capital, Kyiv.Deputy chairman of the Russian Security Council, Dmitry Medvedev, told Russian media agencies that Russia could "reach Kiev," saying it could happen later, i...

Federal prosecutors in New York said they charged a Japanese Yakuza leader with conspiring to traffic nuclear materials from Burma to other countries.Prosecutors said the accused gangster, Takeshi Ebisawa, "and his confederates showed samples of nuclear materials in Thailand" to an undercover agent from the U.S. Dru...

The X social media platform on Tuesday restored the account of Yulia Navalnaya, the widow of Russian opposition leader Alexei Navalny, after a brief suspension.It was not immediately clear why Navalnaya's account was suspended in the first place.Upon contacting the X press team, CNBC received an automated response o...

The West is suffering a "colossal failure of imagination" in thinking Russia's war in Ukraine will not hit them next, defense policymakers heard at Munich Security Conference."The sense of urgency is simply not clear enough," Danish Prime Minister Mette Frederiksen said, joining European leaders in calling for more ...

Chancery Court Chancellor Kathaleen McCormick told the parties in the lawsuit to confer on what would be a final order directing Musk to return the compensation he has received under the plan.Musk can appeal the decision to Delaware Supreme Court.The pay package that Tesla granted Musk in 2018 was the largest compen...

Thierry Breton, France's European Union commissioner for internal market and consumer protection, industry, research and energy.JOHN THYSApple faces strong action if changes to its App Store do not meet incoming European Union regulations, the bloc's industry chief said on Friday.In a move designed to comply with th...