Argentina must dollarize and abolish the central bank, economist says

A man wearing a Diego Maradona t-shirt walks by the Argentine Central Bank on November 30, 2023 in Buenos Aires, Argentina. Tomas Cuesta | Getty Images News | Getty Images Argentina is in the grip of a profound economic crisis, and one veteran economist believes part of the solution is for President Javier Milei to … Read more

Three Politicians Who Voted for the TikTok ‘Ban’ Have Active Accounts

The U.S. passed a bipartisan bill on Wednesday to force ByteDance, the owner of TikTok, to divest from the social media platform or face a complete ban in the country. The bill passed 352 to 65 and needs to be taken up by the Senate and signed by President Joe Biden to become law. But … Read more

U.S. retail sales in sharp focus

Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more

The ‘Emergency Powers’ Risk of a Second Trump Presidency

Donald Trump appears to dream of being an American authoritarian should he return to office. The former US president, who on Tuesday secured enough delegates to win the 2024 Republican nomination, plans to deport millions of undocumented immigrants and house scores of them in large camps. He wants to invoke the Insurrection Act to deploy … Read more

TikTok ‘Ban’ Bill Passes in the House

A bill forcing the China-based ByteDance to sell TikTok, or face an outright ban, passed the United States House of Representatives on Wednesday in a vote of 352 to 65. The bill will now head to the Senate, where it is expected to face tough opposition before it can reach President Biden, who indicated he … Read more

Sticky inflation muddies water for Fed

A man shops for fruit at a grocery store on February 01, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Milei accused of hypocrisy in a scandal over a 48% pay rise

Argentina’s President Javier Milei gestures while delivering his first policy speech to parliament during the inauguration of the 142nd ordinary session of Congress in Buenos Aires on March 1, 2024. Juan Mabromata | Afp | Getty Images Argentina’s Javier Milei has been accused of hypocrisy for orchestrating a substantial increase in presidential pay while pushing … Read more

‘Honest Don’ Coins New Nickname for Himself During Late Night Rant on Truth Social

Donald Trump took to Truth Social in the early morning hours of Tuesday to opine on the state of his race to win back the White House this November. And while that’s not unusual, Trump decision to coin a new nickname for himself certainly is. The new name? Honest Don, if you can believe it. … Read more

Global supply chain starts planning for a Trump win, new China tariffs

Global logistics companies tell CNBC they have started the planning for a potential Trump win in November and the strategies that will be needed to mitigate any additional tariffs, with Mexico a key import gateway for any escalation in the trade war against China begun under Trump and continued during the Biden presidency. The planning … Read more

Ahead of elections, candidates debate whether to ban TikTok or use it

TikTok Music has launched on Wednesday in Australia, Singapore and Mexico to a small group of users. Jaap Arriens | Nurphoto | Getty Images When Joe Biden joined TikTok on the eve of the Super Bowl last month, political scientist Maggie Macdonald was struck by what she called the “meta” nature of the president’s first … Read more