Economy

Ben Horowitz (right), Andreessen Horowitz partner talks about artificial intelligence and jobs at the TANIUM CONVERGE16 conference San Francisco. Harriet Taylor | CNBC Less than three months after announcing plans to contribute to political action committees supporting Donald Trump’spresidential campaign, venture capitalist Ben Horowitz says he’s donating to Vice President Kamala Harris’ election bid, CNBC […]

In a Friday interview with CNBC’s Jim Cramer, Constellation Brands CEO Bill Newlands brushed off concerns about the possibility of higher tariffswhich former President Donald Trump has pledged to implement if elected. “First of all, assuming there was a Trump administration, we already had four years of a Trump administration, and our business was up […]

CNBC’s Jim Cramer reviewed next week’s top market-moving action, highlighting new consumer price index data and a slew of earnings reports as the season begins, including ones from Delta , Domino’s and several major banks. He also noted the stocks rally on Friday as Wall Street celebrated better-than-expected job creation last month. “A market that […]

Dockworkers strike in a picket line outside of the Port of Houston Authority on October 01, 2024 in Houston, Texas.  The strike, affecting 36 ports, marked a historic event and was the first by the union since 1977. While the International Longshoreman’s Association and the United States Maritime Alliance reached agreement on better wages, automation […]

Between 1979 and 2024, productivity in the U.S. soared by 80.9%, while hourly pay grew by just 29.4%, according to research by the Economic Policy Institute. This trend has often been referred to as wage stagnation. But more recently, some economists have suggested that deliberate policy decisions have actively suppressed workers’ wage growth. One reason […]

A sign outside of a CVS pharmacy store on February 07, 2024 in Miami, Florida. Joe Raedle | Getty Images It’s time for a wellness check at CVS Health . Shares of the company are down more than 20% this year as it grapples with higher-than-expected medical costs in its insurance unit and pharmacy reimbursement […]

Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric vehicle to its robotaxi fleet. Courtesy image Hyundai Motor and Waymo have agreed to a multiyear, strategic partnership that includes the self-driving company adding the South Korean automaker’s Ioniq 5 electric […]

Employees work on an electric vehicle (EV) production line at the Leapmotor factory in Jinhua, China’s eastern Zhejiang province on September 18, 2024. Little Brother Berry | Afp | Getty Images The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive […]

Satellite imagery captured by the European Space Agency’s Copernicus Sentinel-1 mission on Sept. 25 shows a number of VLCC supertankers in the waters around Kharg Island, Iran’s principal oil export terminal. This image contains modified Copernicus Sentinel data 2024 processed by Sentinel Hub Satellite imagery revealed a number of oil tankers vacating the waters around […]

The sunset glow is seen over buildings and a ferris wheel on May 13, 2022 in Beijing, China.Vcg | Visual China Group | Getty ImagesChina’s factory activity contracted for a fourth consecutive month in July, while non-manufacturing activity slowed to its weakest this year as the world’s second-largest economy struggles to revive growth momentum in… […]