Orange juice importer says Brazil tariffs will squeeze American consumers
Orange juice prices could rise by 20% to 25%, according to Johanna Foods, a small U.S. business suing the White House over tariffs threatened against Brazil. President Donald Trump said in a July 9 letter to President Luiz Inacio Lula…
Musk’s brain implant company filed as a ‘disadvantaged business’
Elon Musk’s health tech company Neuralink labeled itself a “small disadvantaged business” in a federal filing with the U.S. Small Business Administration, shortly before a financing round valued the company at $9 billion. Neuralink is developing a brain-computer interface (BCI)…
Businesses are cautiously spending on corporate travel as trade uncertainty looms
Corporations are continuing to spend on business travel, but are being strategic about how they allocate those dollars amid ongoing trade uncertainties, according to new reports from the travel and expense platform Navan and the Global Business Travel Association. Corporate…
Credit card startup Imprint beats big banks for Rakuten co-brand deal
There’s a new player making waves in an industry dominated by big banks. Imprint, the 5-year-old credit card startup, beat out banks in a competitive bidding process for a new co-branded card from online shopping platform Rakuten, CNBC has learned….
Trump says it’s ‘highly unlikely’ he will fire Fed Chair after broaching idea with GOP reps
President Donald Trump said Wednesday it was ‘highly unlikely’ he would fire Jerome Powell as chair of the Federal Reserve. His statements, made in the Oval Office, come less than 24 hours after telling a room full of Republican lawmakers…
A flagging U.S. industry looks for new life in a Philadelphia shipyard
The U.S. shipbuilding industry is looking for help. A South Korean company is answering the call. Hanwha Philly Shipyard CEO David Kim, nodding to the gargantuan vessels under construction just off the Delaware River, on Wednesday offered the kind of…
Coca-Cola dodges after Trump says soda will switch back to cane sugar
President Donald Trump said Wednesday that Coca-Cola in the United States will begin to be made with cane sugar, but the company did not explicitly say that was the case when it was asked later about Trump’s claim. Trump said…
Inflation picks up again in June as tariffs slowly work their way through U.S. economy
Consumer prices rose in June as President Donald Trump’s tariffs began to slowly work their way through the U.S. economy. The consumer price index, a broad-based measure of goods and services costs, increased 0.3% on the month, putting the 12-month…
Jerome Powell asks inspector general to review Fed’s $2.5B renovation project
The Federal Reserve has brought in its inspector general to review a building expansion that has drawn fire from the White House, according to a source familiar with the issue. Fed Chair Jerome Powell asked for the review, following blistering…
Trump’s tariffs on Brazil could make your coffee even more expensive
President Donald Trump’s proposed 50% tariff on Brazilian imports is bad news for coffee drinkers. Brazil, the largest U.S. supplier of green coffee beans, accounts for about a third of the country’s total supply, according to data from the U.S….
