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The Trump administration will set price floors across a range of industries to combat market manipulation by China, Treasury Secretary Scott Bessent told CNBC in an exclusive interview Wednesday.China has driven foreign competitors in the rare earth industry out of business over the past two decades by using its global dominance in refining and processing to slash prices, Bessent said.”When you are facing a nonmarket economy like China, then you have to exercise industrial policy,” Bessent told Sara Eisen at CNBC’s Invest in America Forum in Washington, D.C.”So we’re going to set price floors and the forward buying to make…

The upgraded Apple Vision Pro features the powerful M5 chip, the comfortable Dual Knit Band, innovative features with visionOS 26, and all-new spatial apps and Apple Immersive content.Courtesy: Apple Inc.Apple announced new MacBook Pro, iPad Pro and Vision Pro models on Wednesday with an updated M5 chip that allows them to run faster than their predecessors.The new MacBook Pro models start at $1,599. The 11-inch iPad Pro starts at $999. The latest Apple Vision Pro, which includes a Dual Knit Band, starts at $3,499.The new devices are available to preorder now in most markets and go on sale Oct. 22.…

The best bosses have one particular skill that elevates them above the rest, according to University of Chicago economist Virginia Minni.Standout managers can spot their workers’ hidden talents and know how to best put them to use, making them more productive and helping them advance their careers, Minni wrote in a study published in September. “Gaining a good manager results in an improvement in worker performance,” she wrote, and those workers were more likely to be promoted and earn higher salaries in the long-run — 13% more than other workers, on average — according to the study.Minni, an assistant professor…

Chinese smartphone company Honor announced on Oct. 15 a slew of new AI features, including the ability to compare deals across different e-commerce sellers.CNBC | Evelyn ChengBEIJING — Imagine if Amazon gave 20% discounts for every purchase made using an iPhone Air.That’s essentially how Chinese smartphone company Honor wants to attract local buyers — by giving them an on-device AI tool that lets them quickly compare deals across Chinese e-commerce sites, including JD.com and different merchants on Alibaba’s Taobao. In one example seen by CNBC, the Honor AI-powered shopping search helped save 20% since the tool was able to find…

Chinese smartphone company Honor is developing a smartphone with an AI-connected camera that unfolds from the back of the device.HonorBEIJING — Chinese smartphone company Honor on Wednesday announced it is developing a smartphone with a camera that folds out of the device using a robotic arm.The company said it plans to share more details at Mobile World Congress in Barcelona early next year.The new device would be the latest Chinese consumer electronics product to shake up a decades-old hardware design in an attempt to integrate AI. Earlier this year, Beijing-based Roborock started selling a robot vacuum cleaner with an arm…

You’ve probably been told that trusting your gut is important. But if you think that your intuition is something you’re born with, think again: It’s a muscle you can train and strengthen, according to Skims co-founder and CEO Jens Grede.Developing a strong intuition is the result of putting yourself in uncomfortable positions and being inquisitive about what’s going on around you, Grede said on his wife Emma’s “Aspire” podcast, in an episode that published on Tuesday. Alongside Kim Kardashian, both Gredes are co-founders of Skims, which was most recently valued at $4 billion after a July 2023 fundraising round.”You can…

In her decades-long career, Cristina Mancini has been a leader in multiple organizations.She spent more than 13 years at 20th Century Studios (formerly 20th Century Fox) and rose to the rank of executive vice president. She then spent more than five years at Salesforce where she eventually served as chief engagement officer. Since fall 2023, she’s been the CEO of nonprofit Black Girls Code.As such, Mancini has had many opportunities to interview people for open roles.Her No. 1 interview question for job candidates: “If they were building their dream job, how would they rewrite the job description?” she told CNBC…

My top 10 things to watch Wednesday, Oct. 15 1. Bank of America’s better-than-expected earnings report this morning showed a level of charge-offs that is incredibly low. Club name Wells Fargo yesterday also set aside less money for losses. Nobody else seems to be warning about lurking bad corporate loans. Is JPMorgan the outlier here? 2. After a great quarter on all metrics for Bank of America and tremendous investment banking and wealth gathering at Morgan Stanley , you have to question whether we should still give net interest income so much attention and instead talk about earnings growth. That…

Chris Ryan | Ojo Images | Getty ImagesThe Spanish-language TV audience is growing, and advertisers are taking notice.Over the past few years, the Hispanic population in America has seen significant growth in TV viewership, according to experts, becoming one of the most valuable demographics for media companies and advertisers. And as these consumers diversify how they’re consuming shows and other content, there’s been an increase in specialized advertising targeting them, with top networks like Telemundo and Univision drawing more attention and ad dollars.Hispanic consumers currently make up roughly 20% of the U.S. population and wield more than $4.1 trillion in…

Jeff KassoufOct 15, 2025, 09:00 AM ETCloseJeff Kassouf covers women’s soccer for ESPN, focusing on the USWNT and NWSL. In 2009, he founded The Equalizer, a women’s soccer news outlet, and he previously won a Sports Emmy at NBC Sports and Olympics.Two-time World Cup champion Christen Press announced on Wednesday that she will retire from professional soccer at the end of the 2025 NWSL season, ending a 14-year professional career.Press will be honored by Angel City FC, her current club, on Sunday at BMO Field in Los Angeles (5 p.m. ET, ESPN). The forward helped the United States win the…