timef 05/12/2025
- Trump's willingness to accept a luxury jet from Qatar sparks criticism. Here's why cnbc.com2025-05-12 22:56:09
Democratic lawmakers and Trump allies have criticized the purported move, saying the lavish nature of the gift raises serious legal and ethical concerns.
- Trump says China will 'open up' to U.S. businesses, suspend trade barriers cnbc.com2025-05-12 22:25:53
President Donald Trump said China "agreed to open itself up to American business" after they struck a deal to temporarily slash tariffs.
- KindlyMD shares skyrocket 600% after merger with Trump crypto advisor David Bailey's bitcoin investment company cnbc.com2025-05-12 21:28:17
High-profile backers include bitcoin pioneers Adam Back, Balaji Srinivasan, Jihan Wu, and Mexican billionaire Ricardo Salinas.
- Trump to sign order to cut some U.S. drug prices to match those abroad cnbc.com2025-05-12 21:10:51
The order is a blow to the pharmaceutical industry, which is already bracing for Trump's planned tariffs on prescription drugs.
- Bessent sees tariff agreement as progress in 'strategic' decoupling with China cnbc.com2025-05-12 20:36:55
The trade pact reached over the weekend represents another stage in the U.S. shaking its reliance on Chinese products, the Treasury chief said.
- Opt out or get scraped: UK’s AI copyright shakeup has Elton John, Dua Lipa fighting back cnbc.com2025-05-12 20:11:09
Celebrity musicians are urging the U.K. to rethink controversial plans to reform copyright laws that allow AI developers access to rights-protected content.
- Treasury Secretary Bessent says he's likely to meet with China again in 'next few weeks' to work on bigger agreement cnbc.com2025-05-12 19:29:16
The comments come after the U.S. and China announced a 90-day pause on most of the tariffs the countries had imposed on one another.
- 'Resort fees’ in the U.S. must now be disclosed. But some aren't celebrating yet cnbc.com2025-05-12 18:17:35
A rule requiring short-term lodging companies to disclose "junk fees" starts Monday. But cuts to two government agencies could hinder enforcement.
- A 'huge win' for bulls: Markets soar on U.S.-China deal as Wall Street sees more upside cnbc.com2025-05-12 18:15:09
Market watchers have labeled the new U.S.-China deal to temporarily cut tariffs "better than expected," "more workable" and even a "dream scenario."
- Global chip and tech stocks rally as the U.S. and China agree to slash tariffs cnbc.com2025-05-12 17:14:54
Shares in tech firms such as Apple and Amazon rose sharply, while major chip stocks including Nvidia rallied.
- U.S. and China agree to slash tariffs for 90 days in major trade breakthrough cnbc.com2025-05-12 15:41:30
The U.S. and China on Monday agreed to suspend most tariffs on each other's goods in a move that shows a thawing of trade tensions.
- Spain’s unprecedented power outage sparks a blackout blame game over green energy cnbc.com2025-05-12 14:09:15
An abrupt and widespread blackout, one of Europe's worst in living memory, affected the entire Iberian Peninsula on April 28.
- Millennial entrepreneur raised $2 million for a money-saving app for immigrants cnbc.com2025-05-12 14:06:02
Nina Mohanty, a 32-year-old fintech entrepreneur, says Bloom Money is a "fight for a more diverse formal financial system."
- White House announces U.S.-China trade deal, offers few details cnbc.com2025-05-12 06:03:59
The Geneva talks come after President Trump slapped 145% tariffs on U.S. imports from China and Beijing retaliated with a 125% levy on U.S. goods.
- Trump poised to accept Qatar jet gift as Air Force One cnbc.com2025-05-12 04:09:42
Reports of the gift comes just before President Trump is set to travel to the Middle East this week, with a stop in Qatar.
