A much-anticipated trade deal between India and the U.S. is at “a very advanced stage,” India’s Minister of Petroleum and Natural Gas Hardeep Singh Puri told CNBC Tuesday. “I would try and look at the positive side, I’m not a soothsayer, I don’t know when trade deals will get signed, how long it takes ……
The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its fourth-quarter and year-end earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per share: $2.20 adjusted expected Revenue:…
NINGBO, CHINA – JANUARY 22: Employees work on the production line of snowboards at a workshop to meet the orders on January 22, 2026 in Ningbo, Zhejiang Province of China. He Yuankai/Zhejiang Daily Press Group | Visual China Group | Getty Images China’s industrial profits rose 0.6% in 2025 from a year earlier, snapping three…
Fcafotodigital | E+ | Getty Images The IRS kicked off the 2026 tax season on Monday, and filers will see changes from President Donald Trump‘s “big beautiful bill” that could impact their 2025 returns. About 164 million individual tax returns are expected before the April 15 deadline, and many could receive bigger tax refunds after…
A shopper carries a Nike bag in the Union Square neighborhood of San Francisco, Jan. 21, 2026. David Paul Morris | Bloomberg | Getty Images Nike is cutting 775 employees as the company looks to boost its bottom line and accelerate its use of “automation,” CNBC has learned. The layoffs, which are in addition to…
Despite escalating political pressure from President Donald Trump, the Federal Reserve is expected to hold interest rates steady at its policy meeting this week. Amid a somewhat softening labor market, inflation pressures and an uncertain geopolitical landscape, futures market pricing is implying almost no chance of a rate cut, according to the CME Group’s FedWatch gauge. The Fed’s pause…
Fiddelke, Target’s chief operating officer, will step into the CEO role on Feb. 1. In the video message to employees, he said he’s looking forward to starting the job in a week and “this isn’t the first message I imagined I’d send.” He said he’s “been meeting with a range of leaders and this weekend…
People affiliated with the 50501 movement march through downtown Detroit, Michigan on Saturday, April 19, 2025 Dominic Gwinn | Afp | Getty Images There’s a push to end taxes on Social Security benefits to help retirees keep more money in their pockets. That includes not only federal levies that may apply to that income, but also state…
Transportation Secretary Sean Duffy said the Federal Aviation Administration still needs two more days to fully recover from the significant flight disruptions that came over the weekend due to the massive winter storm that swept across the country. In a Monday interview with CNBC’s “Squawk Box,” Duffy said the FAA is targeting Wednesday as the…
President Donald Trump reiterated last week his call to temporarily limit credit card interest rates. But experts say consumers already have a powerful way to get better rates — improve their credit score. “I’m asking Congress to cap credit card interest rates at 10% for one year, and this will help millions of Americans save…