Economy

Buildings in Auckland, New Zealand, on Monday, May 22, 2023.Bloomberg | Bloomberg | Getty ImagesNew Zealand’s gross domestic product fell 0.1% in the first quarter, according to government data published Thursday, as its central bank embarked on one of the most aggressive rate hike cycles in the world.The latest data from Wellington marks a technical… […]

CNBC’s Jim Cramer debriefed investors on Wednesday about the Federal Reserve’s meeting, where it announced a pause in rate hikes for now, but implicated further hikes later this year.After the Fed action, Cramer said he sees a narrowing market ahead with investors selling in a panic.”Like I warned you the last couple of weeks, the… […]

Mark Stone celebrates with the Stanley Cup after the Vegas Golden Knights won the NHL Stanley Cup Final against the Florida Panthers at T-Mobile Arena in Las Vegas, June 13, 2023.Jeff Speer | Icon Sportswire | Getty ImagesThe Stanley Cup belongs to Sin City.The Vegas Golden Knights, in just their sixth season in the NHL,… […]

(L-R) U.S. Sens. Elizabeth Warren (D-MA) and Ron Wyden (D-OR) speak to reporters about a corporate minimum tax plan at the U.S. Capitol October 26, 2021 in Washington, DC.Drew Angerer | Getty ImagesWASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation… […]

Larry Ellison, Oracle’s chairman and technology chief, speaks at the Oracle OpenWorld conference in San Francisco on September 16, 2019.Justin Sullivan | Getty ImagesOracle is having a moment.For years, the database software developer lagged behind tech rivals in building cloud technology that met the demands of the modern-day enterprise. But that’s changing, and Wall Street… […]

Budrul Chukrut | SOPA Images | Lightrocket | Getty Images Mobile betting powerhouse DraftKings is planning a tax on consumers in states with the highest sports betting tax rates, as the company looks to boost profit. The company announced Thursday that starting next year, it will implement a gaming surcharge on winning bets in states […]

Hunter Biden, son of U.S. President Joe Biden, and his wife Melissa Cohen Biden arrive at the federal court during his trial on criminal gun charges in Wilmington, Delaware, on June 5, 2024. Kevin Lamarque | Reuters Hunter Biden will be sentenced in his criminal gun case in Delaware on Nov. 13, eight days after […]

An injection pen of Zepbound, Eli Lilly’s weight loss drug, is displayed in New York City on Dec. 11, 2023. Brendan McDermid | Reuters All doses of Eli Lilly’s highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the U.S., according to an update on the U.S. Food and Drug […]

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X speaks during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. David Swanson | Reuters If a voter in Michigan performs a search on Google a somewhat shocking ad might pop up. […]

Pavlo Gonchar | Lightrocket | Getty Images Founders of one of the hottest artificial intelligence startups Character.AI are rejoining Google along with other team members. Noam Shazeer and Daniel De Freitas, in addition to certain members of Character.AI’s research team, are joining Google’s AI unit DeepMind, the companies said Friday. Character.AI uses large language models […]