CNBC Economy / Updates
- Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says October 16, 2025The firm said its estimate of additional expenses for companies is probably conservative.
- U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records October 16, 2025The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.
- CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation October 16, 2025Speaking at CNBC's Invest in America Forum, the CEOs said the U.S. still leads in many sectors, but inconsistent policy and underinvestment is ceding ground.