Treasury Secretary Scott Bessent brushed off recent reports of heated arguments inside President Donald Trump’s administration, saying disputes were a part of the normal push-and-pull of policymaking. “Treasury secretaries dating back to Alexander Hamilton have a history of dueling,” Bessent joked Tuesday to CNBC’s “Squawk Box.” “I think with the President’s team, I turned out…
Treasury Secretary Scott Bessent said Tuesday that President Donald Trump was willing to let TikTok go dark, and it was “what turned the tide” in the deal framework with China. “President Trump made it clear that he would have been willing to let Tiktok go dark, that we were not going to give up national…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. The annual Zelman…
Meta CEO Mark Zuckerberg tries on Orion AR glasses at the Meta Connect annual event at the company’s headquarters in Menlo Park, California, U.S., September 25, 2024. REUTERS/Manuel Orbegozo Manuel Orbegozo | Reuters Meta spent billions of dollars unsuccessfully trying to make virtual reality catch on with consumers. As it shifts its metaverse bet toward…
In an interview with CNBC’s Jim Cramer, CEO Tim Cook described Apple‘s commitment to bolster domestic manufacturing, suggesting the factories will bring more businesses to communities. “We can’t be everywhere. I wish we could, but we are putting $600 billion to work in the next four years,” he said. “And so it is an extraordinary…
Millions of Americans live abroad and still have to pay taxes in the U.S. Kseniya Ovchinnikova | Moment | Getty Images More from Financial Advisor Playbook: Here’s a look at other stories affecting the financial advisor business. Some payments could be harder to calculate Trump’s “big beautiful bill” enacted several tax breaks that apply to…
Having an emergency fund set aside for unexpected expenses has long been considered an essential financial goal, but many Americans are now saving less than before. In fact, 1 in 3 Americans say they don’t have an emergency fund. And the median amount Americans say they have saved for emergencies is $500, according to a…
President Donald Trump’s pitch to scale back publicly traded companies’ financial reporting requirements is a non-starter for Big Tech investors, Niles Investment Management founder Dan Niles told CNBC on Monday. “In technology, where things are changing so quickly, I really don’t want to be investing in black boxes,” Niles said in a ” Squawk on…
Jakub Porzycki | Nurphoto | Getty Images OpenAI has hired Mike Liberatore, former finance chief at Elon Musk’s xAI, to be the artificial intelligence startup’s business finance officer, responsible for overseeing its massive infrastructure spending. Liberatore, who left xAI in July after just three months on the job, begins Tuesday, a company spokesperson told CNBC….
U.S. President Donald Trump speaks during an event to sign a memorandum to send federal resources to Memphis, Tennessee, for a surge against local crime, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 15, 2025. Jonathan Ernst | Reuters U.S. President Donald Trump on Monday said he would file a…
