Economy

U.S. Rep. George Santos (R-NY) leaves the Capitol Hill Club on January 31, 2023 in Washington, DC.Alex Wong | Getty ImagesRep. George Santos, the freshman Republican lawmaker from New York whose brief time in office has been draped in scandal, announced Monday he will seek reelection in 2024.The embattled congressman will seek a second term… […]

Shoppers walk into a Nordstrom department store on March 03, 2023 in Austin, Texas. Brandon Bell | Getty ImagesNordstrom on Monday said it has tapped former Nike operating chief Eric Sprunk to join its board, as the company faces pressure from an activist investor.Nordstrom shares rose about 4% on Monday to close at $17.00.Sprunk, who was… […]

U.S. Sen. John Fetterman (D-PA) waves to reporters as he arrives at the U.S. Capitol on April 17, 2023 in Washington, DC.Drew Angerer | Getty ImagesWASHINGTON — Senate Minority Leader Mitch McConnell and Democratic Sen. John Fetterman both returned to the Capitol on Monday after significant medical absences, leaving only one senator, Democratic Sen. Dianne… […]

At 24 years old, Jalen Hurts has become the highest paid player in National Football League history, the Philadelphia Eagles announced on Monday.The quarterback signed a five-year extension contract with the Eagles for $255 million. He’ll be paid $51 million yearly, according to ESPN. That makes it the biggest contract in terms of average annual… […]

Starbucks announced a $1 billion restructuring plan Thursday that involves closing some of its North American coffeehouses and laying off more workers as it moves ahead with its “Back to Starbucks” transformation under CEO Brian Niccol. The number of company-operated stores in North America will decline by about 1% in fiscal year 2025, accounting for […]

At the Keeneland September Sale, 56 yearlings fetched at least $1 million, led by a Gun Runner colt who sold for $3.3 million. Courtesy of Keeneland A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future […]

Transocean Barents, an oil platform passes through Canakkale Strait as vessel traffic suspended in both directions in Canakkale, Turkiye on November 12, 2024. Enishan Keskin | Anatolia | Getty Images Shares of Transocean plunged Thursday after the offshore driller announced the sale of a large number of shares at a discount. Transocean is planning to […]

People seen holding Puerto Rican flag during the annual Puerto Rican Day Parade on 5th Avenue in New York City. Sopa Images | Lightrocket | Getty Images U.S. Latino immigrants accounted for $1.6 trillion in GDP in 2023, according to a new research report by the Latino Donor Collaborativecontributing to an overall purchasing power for […]

Thomas Lohnes | Getty Images The European Commission launched an antitrust probe into German software behemoth SAP on Thursday, citing concerns about the company’s practices in software support services. According to the Commission, the investigation will assess “whether SAP may have distorted competition in the aftermarket for maintenance and support services related to an on-premises type of […]

CNBC’s Jim Cramer on Friday identified what to look out for next week on Wall Street, highlighting earnings from Home Depot , Disney and new consumer price index data from the Labor Department. Cramer also reflected on the Trump-fueled market rally over the past few days, saying there are likely more gains to come. “Stocks […]