President Donald Trump takes part in a round table discussion on business and red tape reduction in the Roosevelt Room of the White House in Washington, DC on December 6, 2019. President Donald Trump said Friday that as part of the U.S.-China trade deal Washington will not charge Beijing with any new tariffs and slightly reduce existing tariffs. The Office of the United States Trade Representative confirmed that the U.S. will be maintaining 25% tariffs on approximately $250 billion of Chinese im

China was uncharacteristically quiet after news broke that the U.S. had agreed to a phase one trade deal in principle with the Chinese. But that changed Friday morning when Chinese officials started a press conference regarding the trade talks. U.S. markets regained some steam once Chinese officials began speaking, saying they have agreed to the text in a trade deal with the U.S. and indicated that the next step is signing a deal. Chinese officials attending include Zheng Zeguang, vice minister

China and the U.S. have reached an agreement on text of a phase one trade deal and will now move toward signing a deal as quickly as possible, Chinese officials said Friday. Under the accord, the U.S. will scrap tariffs on Chinese goods in phases, a priority for Beijing, Vice Commerce Minister Wang Shouwen said. President Donald Trump later announced his administration would cancel its next round of tariffs on Chinese goods set to take effect Sunday. He added that the U.S. would begin negotiatio

House Judiciary Committee Chairman Jerrold Nadler (D-NY) chairs the committee’s vote on articles of impeachment against U.S. President Donald Trump on Capitol Hill in Washington, December 13, 2019. Following two days of heated debate, the House Judiciary Committee on Friday approved two articles of impeachment against President Donald Trump, sending them to the House floor for a final vote. The full House vote on the articles is expected next week, before Congress goes on recess for the Christma

Collins and other Republicans alleged Democrats abruptly changed the schedule only to get more media attention during the day on Friday for the impeachment vote. But Rep. Ted Deutch, D-Fla., said the impeachment vote was so important it should take place during daylight hours. If the articles pass the committee on Friday, the full House is expected to hold a floor vote on the impeachment articles, mostly likely on Wednesday, before lawmakers leave for their holiday break. The delay in the Judici

Britain’s Prime Minister Boris Johnson speaks to supporters at the Copper Box Arena on December 11, 2019 in London, United Kingdom. The result, which proved even more decisive than pollsters had forecast, follows a bitterly-fought and divisive election campaign. “It means the U.K. will leave the EU on 31 January. “An orderly Brexit from the EU on 31 January 2020 will reduce the Brexit uncertainty somewhat,” Kallum Pickering, senior economist at Berenberg, said in a research note published Thursd

LONDON — U.K. Prime Minister Boris Johnson will retain power with a thumping majority after his Conservative Party secured its best election result since 1987. Yields on the U.K. benchmark 10-year bonds rose 7 basis points in early trade and reached their highest level since early June at 0.895%. Anatole Kaletsky, chief economist and co-chairman of Gavekal Dragonomics, said the election result was a “big surprise” which creates “a lot of upside” for British assets. “It must be a good thing that

Microsoft pulled the wraps off its new console, the Xbox Series X, charging ahead of Sony in debuting next-generation gaming hardware. The Xbox Series X was revealed at the company’s press conference for industry awards ceremony The Game Awards, and sets off an inevitable battle with its Japanese rival as 2020 approaches. One new thing Microsoft’s next-gen Xbox controller contains is a share button that lets users capture screenshots and game footage, something the PlayStation 4 controller alrea

South Korea’s Kospi also saw robust gains as it traded 1.26% higher, with shares of chipmaker SK Hynix surging more than 3%. Japanese stocks surged in early trade. The Nikkei 225 gained 2.09% as shares of index heavyweight Fast Retailing soared more than 2%. Shares in Asia jumped in Friday morning trade following news that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump’s approval. The U.S. dollar index, which tracks the greenback ag

South Korea’s Kospi also saw robust gains as it traded 1.26% higher, with shares of chipmaker SK Hynix surging more than 3%. Japanese stocks surged in early trade. The Nikkei 225 gained 2.09% as shares of index heavyweight Fast Retailing soared more than 2%. Shares in Asia jumped in Friday morning trade following news that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump’s approval. The U.S. dollar index, which tracks the greenback ag

Below, CNBC Select spoke to four financial experts who weighed in on if it’s a good idea to share a credit card with your spouse. But she argues it’s important to know how much each person is charging on the credit card, especially if the card has a lower credit limit. But before you open a joint credit card, Malani says it is really important to know your partner’s money habits. You also want to know if your partner is charging their work or business expenses onto the credit card. But having on

Rather than a stock market meltdown or slowing job growth, investors have instead seen the major benchmarks reach record levels in recent weeks. ‘We’re sitting here near all-time highs’There were a few rough patches in the market over the course of the year. But moves from the Federal Reserve, including three rate cuts, have helped keep the economy humming and the market climbing higher. There are a couple of reasons economists and investors are still cautious about how the economy and the stock

Twenty/20The offer: The state has expanded its Educational Opportunity Tax Credit program, which is meant to encourage recent graduates from any state to move to Maine with an offer to pay some of their student loans. Residents will be able to deduct the total money paid in student loans from their income tax bill, up to a certain amount, depending on their degree. Hamilton, OhioThe offer: The Talent Attraction Program Scholarship offers to pay up to $10,000 of your student loans over a 30-month

“Getting VERY close to a BIG DEAL with China,” Trump posted on Twitter. Trump was expected to meet with his top trade advisers on Thursday to discuss the Dec. 15 tariffs deadline, sources have told Reuters. “We have seen a strong risk-on reaction in the FX markets,” said Vassili Serebriakov, an FX strategist at UBS in New York. “It’s pretty much a status quo in many ways,” said Brad Bechtel, managing director FX at Jefferies in New York. Traders expect an outcome as early as 0300 GMT on Friday.

Gold bars sit in a vault at the Perth Mint Refinery, operated by Gold Corp, in Perth, Australia, on August 9, 2018. Spot gold was up 0.5% at $1,477.09 per ounce and with gains of more than 1.2% so far this week, the yellow metal is on track for its best week in nearly three-months. Stocks swung between gains and losses, as investors were confused about signs of progress despite positive comments from both sides. “The fact that gold is trading near $1,475 shows that there is still good interest i

In November 2020, Baltimore’s American Visionary Art Museum will mark its 25th anniversary with a retrospective show featuring work from its past 40 exhibitions. From a retrospective celebrating 25 years of outsider art to fresh shrines devoted to everything from eyesight to motion pictures, from shoes to rodeo culture, here are museum exhibitions worth planning a trip around this year. (Museum admission: $7; Studio tour: $5)Radical rodeo in Fort WorthDetail from Red Grooms’ Rodeo Ruckus Source:

Oil field workers with Wisco work on a pump jack in North Dakota, the United States, on November 6, 2013. Oil rose on Friday to its highest level in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute and a decisive general election result in Britain. The 18-month trade war has pressured oil prices, while uncertainty around Brexit has also weighed. Britain’s ruling Conservative Party won a large majority in Thursday’s general election, paving the way for P

A year prior to Jeffrey Epstein being accused of sex trafficking, he was quietly funding episodes of a science TV series that airs on PBS. The donation to Kuhn’s foundation is the largest donation Epstein made before he was arrested a year later on sex trafficking charges. The other donation from Epstein’s charity to Kuhn’s group came in 2017 for $150,000 and that, too, was part of Epstein’s investment into “Closer to Truth,” the series founder explained. Outside of the close allegiances he had

CNBC’s Jim Cramer reveals a list of stocks that he thinks would be worth buying if the United States and China come to terms on a trade deal. The “Mad Money” host, however, goes on to let viewers know that he is still in favor of President Donald Trump adding more tariffs to Chinese imports to force the country to make more concessions in a trade deal. Later in the show he sits down with Robinhood co-CEO Vladimir Tenev to get insight into its soon-to-be-released fractional investing options. Sto

FTC weighing injunction against Facebook amid antitrust concerns: WSJThe Federal Trade Commission is considering seeking a preliminary injunction against Facebook over antitrust concerns, The Wall Street Journal reported.The injunction would likely seek to block Facebook from enforcing policies around how its apps interact with each other and work with potential rivals, sources told the Journal. CNBC’s Julia Boorstin reports.