Economy

Pfizer COVID-19 vaccine. Courtesy: Pfizer The Food and Drug Administration on Thursday approved updated Covid vaccines from Pfizer and Modern putting the new shots on track to reach most Americans in the coming days amid a summer surge of the virus. The jabs target a strain called KP.2, a descendant of the highly contagious omicron […]

Locked out railway workers demonstrate outside of the CN Rail Brampton yard on August 22, 2024 in Brampton ON, Canada. Ian Willms | Getty Images Hours after the Canadian labor minister told a labor board to review his request for binding arbitration and restart rail operations, CNBC has learned both the railroad companies and the […]

Republican presidential nominee and former U.S. President Donald Trump gestures at the Bitcoin 2024 event in Nashville, Tennessee, U.S., July 27, 2024. Kevin Wurm | Reuters Former President Donald Trump on Thursday promoted a soon-to-launch, Trump Organization crypto platform, “The DeFiant Ones” to his 7.5 million followers on Truth Social . “For too long, the […]

Peloton said Thursday it is digging itself out of the red and eked out a slight sales increase for the first time in nine quarters as it slashed its overall losses. The company’s shares spiked 35% on Thursday. The beleaguered connected fitness company, which two board members have run since former CEO Barry McCarthy resigned […]

Aigen founders: Rich Wurden (CTO) and Kenny Lee (CEO)Courtesy: AigenThe Aigen Element looks like a drafting table on rugged tires. It drives itself continuously at around two miles per hour over farmland, using an advanced computer vision system to identify crops and unwanted botanical invaders.With two-axis robotic arms positioned close the ground, the Element can… […]

Goldman Sachs is in talks to offload its Apple credit card and high-yield savings account products to American Express, a source told CNBC’s Leslie Picker.Goldman Sachs, Apple and American Express declined to comment.The talks come amid a broader retreat by Goldman from its largely failed consumer banking initiatives, for which CEO David Solomon has taken… […]

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.CNBCLarge U.S banks including JPMorgan Chase, Wells Fargo and Morgan Stanley said Friday they plan to raise their quarterly dividends after clearing the Federal Reserve’s annual stress test.JPMorgan plans to boost its payout to $1.05 a share from $1 a share starting in… […]

Travelers arrive at O’Hare International Airport on June 30 2023 in Chicago, Illinois. Travel forecasters are predicting record travel for the July 4th weekend, but this year’s celebration may also be something of a battle with the elements.Kamil Krzaczynski | AFP | Getty ImagesFlight delays and cancellations continued to mar thousands of Fourth of July… […]

Apple CEO Tim Cook stands next to the new Apple Vision Pro headset is displayed during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California.Justin Sullivan | Getty ImagesThe last time technology stocks had a better first half, Apple was touting its Lisa desktop computer, IBM was the most-valuable tech company in… […]

The fire service dive team leaves port heading for the dive site for the Bayesian off the coast of Porticello, Sicily, on the third day of the search for six tourists missing after the luxury yacht Bayesian sank in a storm on Monday whilst moored around half a mile off the coast. Jonathan Brady | […]