Economy

China’s property market has still not found a bottom despite all the turmoil in the past year, according to Standard Chartered CEO Bill Winters. Speaking to CNBC’s JP Ong, Winters described the investing environment in China as “difficult,” explaining that consumer confidence and international investor confidence was relatively low. “We know that the underlying source […]

JACK SILVA | Nurphoto | Getty Images ChatGPT was down for some users on Tuesday, with nearly 2,000 outage reports on Downdetectora site that logs user reports of internet issues. OpenAI said there was a full recovery in the API at 3:24 p.m. EDT but the status still showed a “degraded performance.” “We are monitoring […]

Artistgndphotography | E+ | Getty Images As Senate Republicans debate President Donald Trump’s “big beautiful bill”, a lesser-known provision from the House-approved package could make it harder to claim a low-income tax credit. If enacted as written, the House measure in the “One Big Beautiful Bill Act” would require precertification of each qualifying child for […]

Meta is forming a new artificial intelligence research lab and bringing on Alexandr Wang, founder and CEO of the startup Scales toaccording to The New York Times. The research lab is going to pursue a concept known as “superintelligence,” which is an AI system that surpasses human intelligence, the Times reported Tuesday. Meta is also […]

It is a tough moment for the labor market. Businesses are hiring at one of the slowest paces in the last 10 years, according to the Federal Reserve Bank of St. Louisand as many as 7.2 million people are unemployed, according to the Bureau of Labor Statistics. If you’re currently looking for workexperts recommend tapping […]

Tim Cook, chief executive officer of Apple Inc., during the Apple Worldwide Developers Conference (WWDC) at Apple Park campus in Cupertino, California, US, on Monday, June 9, 2025. David Paul Morris | Bloomberg | Getty Images Apple ‘s annual developer conference on Monday lacked the splashy announcement that fans are used to seeing at WWDC. […]

The European Union has successfully avoided the “terrible prophecies” that threatened its economy in recent years, but must still contend with Russia’s war in Ukraine and a tenuous trade relationship with China, outgoing European Commissioner for Economy Paolo Gentiloni said Saturday. The bloc’s economy underwent “overall a weak growth, but nothing of the terrible prophecies […]

In this image from video provided by NASA, the unmanned Boeing Starliner capsule undocks as it pulls away from the International Space Station on Friday, Sept. 6, 2024. NASA | Via AP Boeing ‘s Starliner undocked from the International Space Station on Friday, months later than the spacecraft was originally supposed to depart — and […]

SAN ANSELMO, CALIFORNIA – JUNE 06: In this photo illustration, the Coinbase logo is displayed on a screen on June 06, 2023 in San Anselmo, California. The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency […]

CNBC’s Jim Cramer on Friday discussed what to look out for next week on Wall Street, highlighting the launch of the new iPhone 16 from Apple earnings from enterprise software company Oracle and a consumer price index reading. He also opined on the nature of September, saying it is usually a rough time for the […]