Rob Wile

Miami

Breaking Business Reporter at NBC News

husband to steph. father to freddie. breaking business reporter @nbcnews. get in touch: [email protected]

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Articles

Stocks set to open sharply higher after the U.S. and China slash tariffs

1 day ago | nbcnews.com | Rob Wile

Stock futures have rocketed higher after the U.S. and China announced an agreement to reduce their reciprocal tariffs, offering a sense of relief for investors who'd feared a significant economic downturn from President Donald Trump's trade policies. In pre-market trading on Monday morning, Dow Jones Industrial Average futures pointed to the index opening about 1,000 points higher, which would be an increase of about 2.5%.
U.S. and China agree to slash tariffs for 90 days as trade talks continue

1 day ago | flipboard.com | Jennifer Jett |Peter Guo |Rob Wile

6 hours agoIf you’re like me, you’re always looking for the best new whiskey. With so many brand-new whiskey expressions hitting liquor store shelves week after week, it can be hard to know what’s really worth a splurge. I get it. That’s exactly why, here at UPROXX, we round up the best of the best each month …
Top U.S. officials allude to potential 'agreement' with China on trade

2 days ago | nbcnews.com | Rob Wile |Megan Lebowitz |Lindsey Pipia

Top White House officials alluded to a trade agreement with China on Sunday after representatives from the two countries held talks in Switzerland over the weekend. In remarks to reporters in Geneva, Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer struck an optimistic tone regarding the state of a potential trade agreement with China, noting that the administration would provide additional details on Monday.
Trump signals he is open to cutting China tariffs to 80% ahead of trade negotiations

4 days ago | nbcnews.com | Steve Kopack |Rob Wile

President Donald Trump has signaled a willingness to drastically cut the U.S. current 145% tariff rate on China ahead of trade talks between the two countries. Trump wrote in a Truth Social post Friday morning: "80% Tariff on China seems right! Up to Scott B.," appearing to refer to Treasury Secretary Scott Bessent. The post comes a day before Bessent and U.S. Trade Rep. Jamieson Greer meet with their Chinese counterparts in Geneva, Switzerland, for trade discussions.
Trump administration live updates: President touts UK trade deal; Pope Leo XIV's social media scrutinized

4 days ago | nbcnews.com | Rebecca Shabad |Zoe Richards |Nnamdi Egwuonwu |Rob Wile

Updated President Donald Trump announced yesterday that the U.S. and United Kingdom had reached a trade deal, the first such agreement since he imposed tariffs on U.S. trading partners. The president is scheduled to sign executive orders this afternoon. Trump said last night that he will appoint Fox News host Jeanine Pirro as interim U.S. attorney for Washington, D.C., after his previous nominee, MAGA loyalist Ed Martin, failed to gain enough Senate support to advance.
Stablecoins are back in focus as Senate Democrats reject legislation approving their use

4 days ago | nbcnews.com | Rob Wile

/ Updated Stablecoins have come into focus on Thursday, as Democrats opposed legislation aimed at creating a legal pathway for the digital tokens. Stablecoins are privately issued digital currencies. Proponents like to refer to them as “digital dollars” that are akin to in-store credits a consumer might find at a retailer. Unlike other forms of crypto, like Bitcoin, whose values fluctuate, most stablecoins’ values are “pegged,” or set at equivalent to, real-world currencies like the U.S. dollar.
Stablecoins are back in focus as Senate Democrats reject legislation approving their use

4 days ago | finance.yahoo.com | Rob Wile

The Securities and Exchange Commission’s lone remaining Democrat, Caroline Crenshaw, has criticized the Trump-backed SEC’s recent statement on stablecoins as containing “legal and factual errors” that “paint a distorted picture” of the tokens that “drastically” understates their risks. (Ting Shen / Bloomberg via Getty Images file) Stablecoins have come into focus on Thursday, as Democrats opposed legislation aimed at creating a legal pathway for the digital tokens.
Live updates: Trump's Cabinet takes to the Hill; interest rates to stay steady

6 days ago | nbcnewyork.com | Patrick Smith |Rob Wile |Kevin Breuninger

The Federal Reserve was expected to leave interest rates unchanged Wednesday as it continued to assess the impact of President Donald Trump’s tariffs. But it still faces the prospect of worsening inflation, even as Trump pressures monetary policymakers at the Fed to cut rates to buoy the economy. The central bank’s federal funds rate was expected to remain unchanged at a target of 4.25% to 4.5%. The rate is a benchmark for everything from auto loans to credit cards and personal loans.
Federal Reserve expected to keep interest rates steady as tariffs take effect

6 days ago | nbcnews.com | Rob Wile

The Federal Reserve was expected to leave interest rates unchanged Wednesday as it continued to assess the impact of President Donald Trump’s tariffs. But it still faces the prospect of worsening inflation, even as Trump pressures monetary policymakers at the Fed to cut rates to buoy the economy. The central bank’s federal funds rate was expected to remain unchanged at a target of 4.25% to 4.5%. The rate is a benchmark for everything from auto loans to credit cards and personal loans.
Federal Reserve expected to keep interest rates steady as tariffs take effect

6 days ago | finance.yahoo.com | Rob Wile

Federal Reserve Chairman Jerome Powell in Arlington, Va., on April 4. (Manuel Balce Ceneta / AP file) The Federal Reserve was expected to leave interest rates unchanged Wednesday as it continued to assess the impact of President Donald Trump’s tariffs. But it still faces the prospect of worsening inflation, even as Trump pressures monetary policymakers at the Fed to cut rates to buoy the economy. The central bank’s federal funds rate was expected to remain unchanged at a target of 4.25% to 4.5%.