Economy

GM’s 2024 Chevrolet Equinox EV during a media launch event for the vehicle in Detroit, May 16, 2024. Michael Wayland / CNBC DETROIT – General Motors is trimming its expected sales and production of all-electric vehicles this year, as U.S. adoption of EVs occurs slower than expected. GM Chief Financial Officer Paul Jacobson said the […]

Martonaphoto | Moment | Getty Images A federal program for people with disabilities and older adults made its first benefit payments 50 years ago. In 1974, Supplemental Security Income, or SSI, began sending the first monthly checks starting at around $140 per individualor $210 per couple. In 2024, the maximum monthly benefit is $943 for […]

Populist, far-right parties won record support in this year’s European Parliament elections, according to provisional results on Monday. The far-right Identity and Democracy group made major gains, while the right-wing European Conservatives and Reformists saw a slight uptick in votes. The center-right European People’s Party once again won the most parliamentary seats, with a marginally […]

Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha. Yuichi Yamazaki | Afp | Getty […]

An employee arranges gold bars for a photograph at the YLG Bullion International headquarters in Bangkok, Thailand. Dario Pignatelli | Bloomberg | Getty Images The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, according to the World Gold Council. “We’ve seen record first quarter […]

French President Emmanuel Macron speaks during a meeting with members of the AI sector at the Elysee Presidential Palace in Paris, France, on May 21, 2024. Yoan Valat | Afp | Getty Images French President Emmanuel Macron on Sunday said he would dissolve the country’s parliament and call for a new legislative nationwide vote after […]

Jim Cramer on Squawk on the Street, June 30, 2022. Virginia Sherwood | CNBC When your job is to write a commentary about the stock market you start with a blank Word document. It stares at you and says, “Come up with something noticeable that makes sense of the market.” Right at that moment, the […]

AsiaVision | E+ | Getty ImagesMany Americans aren’t saving enough for retirement — and the shortfall could pressure state and federal budgets in the decades ahead. But research shows that state-run programs could help people save for retirement while reducing that strain.Without changes, the retirement-savings gap could create a $1.3 trillion economic burden through 2040,… […]

The Alzheimer’s drug Leqembi is seen in this undated handout image obtained by Reuters on Jan. 20, 2023.Eisai | ReutersThe new Alzheimer’s antibody treatment Leqembi could cost Medicare up to $5 billion per year, according to research published in a leading medical journal this week.Medicare would spend about $2 billion per year if around 85,700… […]

Mark Pomerantz, author, “People vs. Donald Trump: An Inside Account,” appears on “Meet the Press” in Washington, Feb. 12, 2023.William B. Plowman | NBCUniversal | Getty ImagesA former prosecutor refused Friday to answer questions at a deposition by the House Judiciary Committee about a criminal investigation of Donald Trump in which he once played a… […]