Bad jobs report caused by shutdown, deportations — not tariffs, Lutnick says

Commerce Secretary Howard Lutnick on Wednesday denied that the Trump administration’s tariff policies were to blame after a new report showed a surprise drop in private payrolls in November. Instead, Lutnick argued on CNBC’s “Squawk on the Street” that the government shutdown temporarily slowed small-business activity. He added that the federal efforts to enact mass … Read more

Watch: Trump holds Cabinet meeting as Hegseth boat strike scrutiny mounts

[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is holding a Cabinet meeting at the White House on Tuesday, as his administration grapples with a slew of major political issues that have come to the fore since … Read more

Bessent believes there won’t be a recession in 2026 but says some sectors are challenged

Scott Bessent, US treasury secretary, arrives to speak during a site expansion groundbreaking ceremony at the Boeing South Carolina (BSC) manufacturing facility in North Charleston, South Carolina, US, on Friday, Nov. 7, 2025. Sean Rayford | Bloomberg | Getty Images Treasury Secretary Scott Bessent said on Sunday the U.S. was not at risk of entering … Read more

Fed’s Collins: Still leaning against cutting rates in December amid persistent inflation, labor market risks

Susan Collins, president and chief executive officer of the Federal Reserve Bank of Boston, during a Bloomberg Television interview at the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in Moran, Wyoming, US, on Friday, Aug. 22, 2025. David Paul Morris | Bloomberg | Getty Images Federal Reserve Bank of Boston President Susan Collins … Read more

The fast-casual bowl boom is over. Wall Street isn’t sold on Cava, Chipotle deals to lure back spenders

The Washington Post | The Washington Post | Getty Images At 12:30 p.m. in midtown Manhattan on mid-week office days, long lines still form outside Chipotle, Cava, and Sweetgreen. Fast-casual bowls remain the defining lunch of the hybrid-work era, something quick to carry, simple to eat at a desk, and familiar enough to order without … Read more

Trump says he’d love to fire Powell, urges Bessent to ‘work on’ him to lower rates

President Donald Trump on Wednesday said he would love to fire Federal Reserve Chair Jerome Powell, but suggested that Treasury Secretary Scott Bessent is holding him back. “[I’ll] be honest, I’d love to fire his ass,” Trump said of Powell at the U.S. Saudi Investment Forum in Washington, D.C. Trump urged Bessent to “work on” … Read more

AI could be causing ‘quiet time’ in labor market, top Trump economic aide Hassett says

Artificial intelligence could be increasing worker productivity so much that companies slow hiring, top Trump administration economic advisor Kevin Hassett said Monday. “I think that there have been mixed signals in the job market,” the National Economic Council director said on CNBC’s “Squawk Box,” adding that he has seen “really, really positive signals in the … Read more

No one leaving New York City because of Mamdani, say two top real estate CEOs

Scott Rechler, RXR Chairman and CEO, and Bill Rudin, Rudin Management Co-Chairman, speaking at CNBC’s Delivering Alpha event in New York on Nov. 13th, 2025. Adam Jeffery | CNBC New York Mayor-elect Zohran Mamdani’s views have sparked fears that there will be an exodus of companies and capital from the city. But two of the … Read more

What now for peak oil? Unpacking a surprise twist in the fossil fuel feud

A worker inspects the outdoor gas pipes at the underground gas storage facility operated by Gas Storage CZ AS, in Haje, Czech Republic, on Friday, Jan. 3, 2025. Bloomberg | Bloomberg | Getty Images The International Energy Agency’s latest outlook signals that oil demand could keep growing through to the middle of the century, reflecting … Read more

‘Godfathers of wind’ raise alarm as Trump urges countries to abandon climate fight

US President Donald Trump (L), backdropped by Turbines at the European Offshore Wind Deployment Centre, also known as the Aberdeen Bay Wind Farm, walks on the first fairway after playing off the first tee to officially open the Trump International Golf Links course in Balmedie, Aberdeenshire, north east Scotland on July 29, 2025. Brendan Smialowski … Read more