Economy

Alistair Berg | Digitalvision | Getty Images Online holiday spending in the U.S. is expected to jump 5.3% year over year to $253.4 billion as consumers seek discounts and even enlist the help of artificial intelligence-powered chatbots, according to an Adobe Analytics report released Monday. Yet that growth would still be slower than the year-ago […]

Ghislaine Maxwell, longtime associate of accused sex trafficker Jeffrey Epstein, speaks at a news conference on oceans and sustainable development at the United Nations in New York, June 25, 2013 in this screengrab taken from United Nations TV file footage. UNTV | Reuters The Supreme Court on Monday said it would not hear the appeal […]

Openai and Advanced Micro Devices have reached a deal that could see Sam Altman’s company take a 10% stake in the chipmaker. AMD stock skyrocketed more than 30% on Monday following the news. OpenAI will deploy 6 gigawatts of AMD’s Instinct graphics processing units over multiple years and across multiple generations of hardware, the companies […]

Fifth Third Bancorp said Monday it will acquire fellow regional bank Comerica for $10.9 billion in an all-stock deal that will create one of the largest U.S. banks by assets. When the deal closes, it will create the ninth-largest U.S. bank — with roughly $288 billion in assets. The transaction is expected to finalize in […]

US President-elect Donald Trump speaks during a meeting with House Republicans at the Hyatt Regency hotel in Washington, DC on November 13, 2024. Allison Robbert | AFP | Getty Images President-elect Donald Trump on Saturday selected Liberty Energy CEO Chris Wright to serve as the next energy secretary of the United States. Liberty Energy is […]

President Donald Trump meets with China’s President Xi Jinping at the start of their bilateral meeting at the G20 leaders summit in Osaka, Japan, June 29, 2019. Kevin Lemarque | Reuters With Donald Trump set to reenter the White House in January, we’re expecting lots of tough talk and possible tough action aimed at China […]

Elon Musk at the tenth Breakthrough Prize ceremony held at the Academy Museum of Motion Pictures on April 13, 2024 in Los Angeles, California. The Hollywood Reporter | The Hollywood Reporter | Getty Images On Saturday, Elon Musk shared who he is endorsing for Treasury secretary onXa cabinet position President-elect Donald Trump has yet to […]

Costco may have raised its prices, but right now you can snag a membership for cheaper than ever. The warehouse store chain’s Gold Star Membership normally retails for $65. For the next few weeks, shoppers can purchase a 12-month membership through affiliate marketer StackSocial and receive a $45 Costco gift card, effectively reducing their annual […]

Mercedes plans to launch a smaller version of its high-end G Class sports utility vehicle, the German carmaker’s CEO told CNBC in an interview Sunday.The G Class, a rugged off-road car which starts at just under $140,000, is popular with buyers in the U.S. It has been around for more than four decades. Mercedes has… […]

Residential buildings stand at the Metro Town development, jointly developed by CK Asset Property Holdings Ltd., Nan Fung International Holding Ltd. and MTR Corp., in Hong Kong, China, on Thursday, Jan. 11, 2018.Anthony Kwan | Bloomberg | Getty ImagesHong Kong-listed property stocks surged on Monday, leading gains on the Hang Seng Index and powering the… […]