Economy

President Donald Trump speaks to reporters before boarding Marine One on the South Lawn of the White House, in Washington, on his way to Turnberry, Scotland, July 25, 2025. Jim Watson | Afp | Getty Images Convicted Jeffrey Epstein accomplice Ghislaine Maxwell “was asked maybe about 100 different people” during a meeting with a top […]

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 […]

Ghislaine Maxwell, longtime associate of accused sex trafficker Jeffrey Epstein, speaks at a news conference on oceans and sustainable development at the United Nations in New York, June 25, 2013 in this screengrab taken from United Nations TV file footage. UNTV | Reuters Ghislaine Maxwellthe imprisoned accomplice of notorious sex offender Jeffrey Epsteinwill meet with […]

Jakub Porzycki | Nurphoto | Getty Images Elon Musk’s satellite internet service Starlink said it had a “network outage” on Thursday that lasted several hours. There were more than 60,000 reports of an outage on Downdetectora site that logs issues, during the peak of the outage.. Starlink is owned and operated by SpaceXwhich is also […]

CNBC’s Jim Cramer on Thursday affirmed his faith in the earnings power of artificial intelligencetelling investors that Big Tech hyperscalers aren’t spending too much on the new technology. “These companies aren’t overspending on AI, they are actually underspending on AI,” Cramer said. “See, this is a winner-take-all, loser-take-none situation. The only reason to spend less […]

The Intel logo is displayed on a sign in front of Intel headquarters on July 16, 2025 in Santa Clara, California. Justin Sullivan | Getty Images Intel reported second-quarter results on Thursday that beat Wall Street expectations on revenue, as the company’s new CEO Lip-Bu Tan announced significant cuts in chip factory construction. The stock […]

President Donald Trump and Federal Reserve Chairman Jerome Powell went back and forth in front of the press Thursday over Trump’s claims about cost overruns at the Fed headquarters in Washington. The stunning side-by-side took place as Trump began a rare tour of the Fed building, in what was widely seen as the latest chapter […]