Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027

President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.
Bitcoin and crypto stocks extended their rally after the flagship cryptocurrency broke out of its trading range.
The textbooks say the cycle high in real yields should act as a restraint on economic growth and equity valuations.
Trump Media interim CEO Kevin McGurn defended his company offering faster access to President Donald Trump's Truth Social posts.
Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole later this week.
The escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month war.
United Airlines wanted to put lie-flat premium seats on its Max 10 planes once they were certified, but that has been delayed by years.
Rollovers from 401(k)-type plans to IRAs are growing more common. But there are pros and cons.
UPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.
Paramount's proposed merger with WBD is delayed while an antitrust lawsuit plays out. The holdup could mean a freeze across the media industry.
Democrats are currently favored to win a majority in the House of Representatives after November's elections.
President Donald Trump disclosed just over 1,000 financial transactions in the month of June in what appears to be broad reshuffling of his portfolio.
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
Nvidia reports earnings this week, but it's not the only thing that matters to the AI trade.
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
France and the U.K. are boosting their missile support for Ukraine following deadly Russian drone strikes.
Money is flooding into equal-weight stock market ETFs this year. Investing experts say it's not a fad.
United Airlines CEO Scott Kirby talked to CNBC in a wide-ranging interview about his proposed airline megadeals, AI and the future of the carrier.
The chipmaker has told some of its largest customers that the prices of servers containing its AI chips could move more than 15% higher, Bloomberg News reported.
From McDonald's to Wendy's, longtime Coke customers have been expanding their beverage offerings to boost their profit margins.
A new survey shows even a $500 unexpected expense may throw households off track when it comes to big life goals like saving for retirement.
Judge Yvonne Gonzalez Rogers has presided over a series of landmark tech trials and is now overseeing a case that could have a huge impact on Meta's future.