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Top News & Analysis United States

  • WASHINGTON— President Donald Trump's first full budget calls for deep cuts to popular health insurance programs that are part of the social safety net. It also doesn't address Medicare's long term financial problems, but it targets the much smaller Children's Health Insurance Program, or CHIP. And Trump's Medicaid cuts appear even bigger than those in the...

  • WASHINGTON— President Donald Trump's first budget proposal, snubbed by some Republican allies, is just the latest example of an administration that seems at times clueless or indifferent toward Congress. Two weeks ago, Trump fired FBI Director James Comey with little to no heads-up to GOP leaders, some of whom were left struggling to explain, much less defend,...

  • CHICAGO— United Airlines CEO Oscar Munoz is likely to face questions from shareholders Wednesday about the rough removal of a passenger from a flight, an incident that sparked weeks of bad publicity. United Continental Holdings Inc. spokeswoman Megan McCarthy said the meeting is expected to last about an hour, with much of the time reserved for questions to...

  • DALLAS— Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69- year-old man on a plane last month. American, Delta and Southwest have similar policies. This month, a United ticket agent ordered a passenger's reservation canceled as he filmed her while disputing a $300 baggage fee in the New...

  • WASHINGTON— Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to cut domestic programs and parry Democratic criticism of his tax proposals. Budget Director Mick Mulvaney appears Wednesday before the House Budget panel while Treasury Secretary Steven Mnuchin will testify at the tax-writing House Ways and...

  • OPEC can't control demand, and opportunistic competitors

    CNBC's Steve Sedgwick discusses the likelihood of Donald Trump's proposal that the U.S. sell of half of its strategic oil reserve.

  • U.S. President Donald Trump seated during the Arabic Islamic American Summit at the King Abdulaziz Conference Center in Riyadh on May 21, 2017.

    President Donald Trump's proposal to sell half of the U.S. Strategic Petroleum Reserves (SPR) will likely have little impact on OPEC's efforts to reduce a global oil glut, Goldman Sachs said on Tuesday.

  • U.S. President Donald Trump is visiting Europe for the first time since taking office at a time when the markets are worried about the sustainability of his presidency.

  • A lot depends on this meeting, not just cuts Trump's cut of strategic reserves will not go through congress: Pro

    Amrita Sen, chief oil analyst at Energy Aspects, speaks about production cut compliance from Nigeria and Donald Trump's proposal that the U.S. sells half its strategic petroleum reserve.

  • MEXICO CITY/ NEW YORK, May 24- The newly refurbished Citibanamex branch in Mexico City's affluent Del Valle neighborhood opens into a Scandinavian-chic space where salespeople chat with clients at touch screens. The facelift reflects Citigroup Chief Executive Michael Corbat's ambition to turn the group's Mexican operation into a "state-of-the-art bank."

  • CHICAGO, May 24- Commodity trader Glencore Plc's confirmation on Tuesday that it sought a tie up with grains trader Bunge Ltd likely signals the start of a wave of consolidation and partnering in the industry, as middlemen struggle to make profits amid a massive global food glut. Bunge and other top grains traders-- who make money by buying, selling, storing,...

  • The two court challenges have already emboldened some financial firms to push back against the CFPB and the SEC when they have accused them of wrongdoing and the outcome of the cases could provide ammunition to critics of both agencies. An outcome in either case could take months, and both could eventually land in the U.S. Supreme Court, especially the SEC's case...

  • Russian involvement in US election 'absurd': Former official

    Vladimir Yakunin, Bridgens, says if all statements are to be believed, Russia seems to be "involved everywhere, in everything."

  • LUBEC, Maine— Maine's U.S. senators are on board with a plan to make it easier for seafood dealers to export sea urchins and sea cucumbers outside of the United States. Angus King say their proposal would prevent the U.S. Fish and Wildlife Service from burdening the industry with inspections that they say are repetitive. Democratic Congresswoman Chellie Pingree...

  • The Australian Securities Exchange tells CNBC it's looking to snare more international listings, as the initial public offering market slows domestically.

  • SINGAPORE, May 24- Chicago soybean futures slid for a second session on Wednesday while corn edged up after closing lower the previous day, with easing concerns over planting delays in the U.S. grain belt adding pressure to grains markets. The Chicago Board Of Trade most-active soybean contract lost 0.4 percent to $9.44-1/ 2 a bushel by 0322 GMT, having closed down...

  • LeEco now pulling back to focus on its core audience

    Bryan Ma, Vice President at IDC Singapore, says LeEco was expanding too quickly in the U.S. and now has to pull back to focus on its core audience.

  • CHICAGO, May 23- U.S. grains trader Bunge Ltd said on Tuesday it was not in talks with Swiss mining and commodities group Glencore Plc, after the latter said it had made an informal approach to discuss "a possible consensual business combination." Bunge shares ended trading in New York up 16.6 percent at $81.70, giving the company a market capitalization of $11.4...

  • *The USDA estimated that U.S. soybean plantings were 53 percent complete, above the five-year average of 52 percent. *Soybean futures drew underlying support from a USDA announcement that private exporters in the last day sold 126,000 tonnes of old-crop U.S. soybeans to unknown destinations. *Oil prices settled a bit higher on Tuesday as expectations of an...

  • May 23- Private equity firm Apollo Global Management LLC is in advanced talks to acquire U.S. job-hunting website CareerBuilder LLC after negotiations with another buyout firm ended unsuccessfully, according to people familiar with the matter. Private equity firm GTCR Ltd was in the lead to acquire CareerBuilder for more than $1 billion, Reuters reported...