
Trump White House pick clears path for crypto in 401(k)s
CNBC's MacKenzie Sigalos joins 'Closing Bell' to discuss Vice President JD Vance's keynote at bitcoin's flagship event in Las Vegas — and the Labor Department's reversal of 2022 guidance that had discouraged crypto in retirement accounts.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
20 minutes ago
- CNBC
Meta's Mark Zuckerberg and Oculus founder Palmer Luckey reunite to make VR headsets for the military
CNBC's Deirdre Bosa joins 'Money Movers' to discuss Meta's Mark Zuckerberg and Palmer Luckey's reconciliation and the military connection that drove the reconnection.
Yahoo
20 minutes ago
- Yahoo
Trump says China 'totally violated' deal with US on tariffs
STORY: U.S. President Donald Trump said on Friday China had violated an agreement with the U.S. to mutually roll back tariffs and trade restrictions for critical minerals. He also issued a veiled threat to get tougher with Beijing, writing on Truth Social, "China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!" Just hours later, China hit back, urging the U.S. to end what it called "discriminatory restrictions" against Beijing and for the two sides to "jointly uphold the consensus reached at the high-level talks in Geneva," according to a statement from China's embassy in Washington. :: May 12, 2025 Trump said he made a "fast deal" in mid-May with Chinese officials for both countries to back away from triple-digit tariffs for 90 days. He said he did this to save China from a "devastating" situation, factory closings and civil unrest caused by his tariffs of up to 145% on Chinese imports. Trump didn't specify how China had violated the agreement, but U.S. Trade Representative Jameson Greer told CNBC that the flow of critical minerals from China, which had been cut off by Chinese trade countermeasures, has not resumed as called for by the deal. On Thursday, Treasury Secretary Scott Bessent told Fox News Channel that U.S. trade talks with China were "a bit stalled" and getting a deal over the finish line will likely need the direct involvement of Trump and Chinese President Xi Jinping. Later on Friday, White House deputy chief of staff for policy Stephen Miller said the Trump administration is readying other actions targeting China, adding, "It would be incredibly unwise for China to continue down this path and not seek instead the path of cooperation."
Yahoo
20 minutes ago
- Yahoo
Trump Explodes Over China Deal Breach -- Rare Earths and Tariffs Back on the Table
Just weeks after a fragile ceasefire in the trade dispute, President Trump reignited tensions with a scathing accusation. In a Friday post, he claimed China had TOTALLY VIOLATED the recent agreement hashed out in Geneva, adding, So much for being Mr. NICE GUY! No specifics were given, but markets didn't wait for clarityS&P 500 futures dipped 0.3% as investors braced for another round of tariff-driven volatility. The pressure point? Critical minerals. U.S. Trade Representative Jamieson Greer hinted Beijing may be throttling shipments of rare earths, essential to everything from EVs to fighter jets. We haven't seen the flow as they were supposed to be doing, Greer told CNBC. Add to that new U.S. export restrictions on chip design software and jet engine components, plus the revocation of some Chinese student visas, and it's clear the chessboard is shifting againjust not in the direction markets were hoping for. Tesla (NASDAQ:TSLA) and other companies tied to Chinese supply chains could feel the pinch if tensions escalate. Treasury Secretary Scott Bessent acknowledged that trade talks have stalled and floated the idea of a TrumpXi call to break the deadlock. That call hasn't happened. With minerals, chips, and even student visas now in the spotlight, the risk is no longer just more tariffsit's a broader decoupling that could weigh on earnings, supply chains, and investor confidence well beyond this quarter. This article first appeared on GuruFocus.