Economy

When Natasha Craft first got a Yotta banking account in 2021, she loved using it so much she told her friends to sign up. The app made saving money fun and easy, and Craft, a now 25-year-old FedEx driver from Mishawaka, Indiana, was busy getting her financial life in order and planning a wedding. Craft […]

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images Bitcoin has not reached the top of its current appreciation cycle and is likely to go past its all-time high this year, according to a […]

The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely […]

A row of Tesla superchargers is shown at a supercharging location in Los Angeles on June 5, 2024. Mike Blake | Reuters Tesla shares rallied for a third straight day on Wednesday, bringing their gains for the week to 23% and almost wiping out their 2024 loss. The run follows Tesla’s second-quarter vehicle production and deliveries […]

In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler can make: He won. “All that stress, all that tension, all the things […]

After a sour day in Washington and on Wall Street, CNBC’s Jim Cramer warned investors that lawmakers will inevitably cost them money as debt ceiling negotiations drag on.”Get ready for our politicians to lose you some more money,” Cramer said, referencing the earlier impasse surrounding the debt ceiling in 2011. “They hurt you then. They… […]

Visitors walk on the plaza at the U.S. Capitol in the midst of ongoing negotiations seeking a deal to raise the United States’ debt ceiling and avoid a catastrophic default, in Washington, U.S. May 24, 2023. Jonathan Ernst | ReutersFitch put the United States’ AAA long-term foreign-currency issuer default rating on negative watch Wednesday evening, pointing… […]

The CEO of bond investing giant TCW Group, Katie Koch, heard what she wanted to hear at this week’s CNBC CEO Council Summit. It wasn’t good news, but it matched her view of where the economy is headed. Koch, who described herself as coming into the CEO meeting “in the camp of medium to hard… […]

Florida Governor Ron DeSantis speaks at a conference titled Celebrate the Faces of Israel, Museum of Tolerance Jerusalem, April 27, 2023.Maya Alleruzzo | AFP | Getty ImagesFlorida Gov. Ron DeSantis’ presidential campaign announcement plans were derailed Wednesday evening by massive technical glitches on Twitter that temporarily kept him from declaring his candidacy.”Servers are straining somewhat,”… […]

After an earnings report that saw a beat on revenue but poor guidance, CEO of data cloud company Snowflake Frank Slootman was firm in his optimism about the company’s future.”If you were to zoom out a little bit and say, ‘let me take a five-year view of the growth here,’ it is tremendous,” Slootman told… […]