Economy

Scott Bessent, founder and chief executive officer of Key Square Group LP, during an interview in Washington, DC, US, on Friday, June 7, 2024. Stefani Reynolds | Bloomberg | Getty Images President-elect Donald Trump signaled Friday his intention to nominate hedge fund executive Scott Bessent as his Treasury secretary, in a move that puts a […]

This story is part of CNBC Make It’s Six-Figure Side Hustle series, where people with lucrative side hustles break down the routines and habits they’ve used to make money on top of their full-time jobs. Got a story to tell? Let us know! Email us at AskMakeIt@cnbc.com . Alexandra Rutkay rejoiced when her son became […]

The 10-year Treasury yield edged lower on Friday as investors weighed mixed economic data and assessed the state of the economy. The yield on the 10-year Treasury sat at 4.412%, down just about 2 basis points. The 2-year Treasury yield was last trading at 4.377% after rising nearly 3 basis points. Yields and prices move […]

Salesforce CEO Marc Benioff speaks during Salesforce’s Dreamforce on September 17, 2024 in San Francisco, California. Justin Sullivan | Getty Images News | Getty Images In the emerging AI software battle between Microsoft and Salesforce investors do not need to pick a side. […]

Pedestrians walk through a train station on August 05, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Japan’s Nikkei 225 breached 65,000 for the first time Monday, hitting a record high in holiday-thinned Asia trading after reports that the crucial Strait of Hormuz may reopen soon pushed oil prices down […]

Crude oil prices fell 5% Monday after President Donald Trump indicated that talks with Iran to reopen the Strait of Hormuz are advancing, though he said the U.S. would not rush a deal. West Texas Intermediate futures were down about 5.8% to $90.95 per barrel as of 7:35 a.m. ET. International benchmark Brent futures also […]

A few months ago David Navazio, founder and CEO of medical supply company Gentell, had never heard of the Strait of Hormuz. But now, the narrow waterway thousands of miles away from the company’s headquarters in Yardley, Pennsylvania, is impacting the company’s operations in more ways than one. Chief among them is price, with Gentell […]

Still from Disney’s “Star Wars: The Mandalorian and Grogu.” Disney Walt Disney’s “The Mandalorian and Grogu” jettisoned into theaters Friday, marking the first time in seven years that a new Star Wars film has launched on the big screen. Sunday estimates indicated that the film, based on the hit Disney+ show “The Mandalorian,” surpassed initial box […]

Economic conditions like gas prices well above $4 a gallon, according to AAA estimatesand annual inflation nearing 4%, per the Bureau of Labor Statistics, are pushing Americans’ financial stress levels higher. The National Foundation for Credit Counseling expects Americans’ economic stress levels to tick back up in the second quarter of the year after a […]

GameStop said Thursday morning that billionaire activist investor Ryan Cohen would take over as the video game retailer’s chief executive, chairman and president effective immediately — and he won’t be collecting a salary.Shares of the company fell 1.8%.GameStop’s board, with Cohen abstaining, unanimously voted to appoint the entrepreneur as the retailer’s top executive on Wednesday.… […]