CNBC

Commerce Secretary Howard Lutnick said Sunday that the 10% baseline tariff rate on imports from other countries is likely to "be in place for the foreseeable future," echoing President Donald Trump's comments from days prior. "We do expect a 10% baseline tariff to be in place for the foreseeable future," Lutnick told CNN's Dana Bash on 'State of the Union.' The commerce secretary rejected the idea that consumers would take on increased costs caused by the tariffs, insisting that business and countries will pay.

People have a lot of feelings about the economy, job market and state of work these days. Employee confidence is near record lows while reviews mentioning "uncertainty" have skyrocketed since the November election and rollout of the Trump administration's tariff policy, according to Glassdoor data. To sum it all up into one word, "bad" is how Alison Green would put it.

Apple CEO Tim Cook sees a key difference between pretty good workers and brilliant ones: Top performers aren't content just being good at their jobs. They want to impact other people or the world around them. "We can all perform at 90%," Cook told GQ in a video that published in April 2023. But "to get to 100%, you have to be inspired by something. You have to be working for some greater cause. There has to be some reason for doing it that's beyond just being excellent at something." Some people find a sense of meaning by intentionally picking careers that can help other people — in fields like education or health care, or jobs that relate to a social cause. At Apple, Cook tries to energize his team by reminding them their work can make everyday lives better, he said.

Orange juice futures are hitting records as growers lose millions of dollars annually. U.S. citrus production is plummeting amid weather and disease extremes.

I've always looked forward to Mother's Day. I embrace it as a useful reminder to pause in the tumult of everyday life, to reflect lovingly and thankfully about my mother — and the mother figures in my life — and to tell them how important they are to me. I'm fortunate enough to be both a mother and a daughter. In the past year, however, my relationships with my two daughters have changed. Now they're both out of the house, and I've entered what many people call the "empty-nest stage." But I've decided to rename this transition as the "open-door stage." An empty nest suggests abandonment and loss; an open door suggests new possibilities and the freedom to come and go — for my daughters, and also for my husband and me.

When Warren Buffett relinquishes the CEO title at Berkshire Hathaway, he’ll leave investors with decades of outsized returns. Buffett shocked the investing world with a surprise announcement that he intends to step down from the chief executive post by year-end after six decades. The stock’s performance shows a legacy of moves under Buffett that has allowed Berkshire’s stock to run circles around the broader market — even when including dividends. In other words, the proof is in the pudding. More: cnb.cx/3EZvx2w

The insurance industry is finding itself in the midst of a major digital transformation, known as insurtech. Against the background of this shift, CNBC, together with market research firm Statista, has listed the top 150 insurtech companies globally.

Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production. Net income for the three months to March 31 came in at $26 billion, down from $27.3 billion for the same period last year, the company reported. The figure was slightly above analyst expectations of $25.3 billion. Aramco announced its free cash flow for the quarter at $19.2 billion, down from $22.8 billion in the first quarter of 2024, and cash flow from operating activities at $31.7 billion compared to last year's $33.6 billion.

Six years after Aaron Levie dropped out of college to start a business in his parents’ attic with three friends, he faced a decision so nerve-wracking that he spent months “freaked out” and sleepless, he says. The company was Box, a provider of cloud-based content management and file-sharing tools now based in Redwood City, California. And the decision revolved around a $600 million acquisition offer the four co-founders received from a business called Citrix, a larger rival at the time. The question facing the co-founders was simple: Accept the offer or turn it down, betting that they could eventually build Box into something bigger than $600 million? Levie, now 40, vividly remembers the “volatile” few months he spent debating the pros and cons. Read more: cnb.cx/4cU87Z0

Sardinia has white beaches, turquoise sea and plenty of watersports, rather like the Maldives. And it's possible to travel inexpensively there too.