Economy

Job seekers attends the JobNewsUSA.com South Florida Job Fair on June 26, 2024 in Sunrise, Florida. Joe Raedle | Getty Images Renewed fears of a U.S. recession have put a spotlight on unemployment. However, the system that workers rely on to collect unemployment benefits is at risk of buckling — as it did during the […]

X owner Elon Musk (L), and Sen. Elizabeth Warren (D-MA). Reuters Sen. Elizabeth Warren, D-Mass., is asking the Tesla board if it’s looked into CEO Elon Musk’s use of company resources to benefit his other ventures, including SpaceX and xAI. “Tesla’s Board of Directors appears to be failing to meet its fiduciary duties to Tesla’s […]

Life Time fitness club company said it has created the “ultimate” ball for the booming sport of pickleball. Courtesy: Life Time Tired of playing with pickleballs he found inconsistent in bounce and durability, Life Time ‘s founder and CEO Bahram Akradi decided to take matters into his own hands. On Friday, the upscale fitness and […]

U.S. Federal Reserve Chair Jerome Powell holds a press conference after the Monetary Policy Committee meeting, at the Federal Reserve in Washington, DC on March 19, 2025. Roberto Schmidt | AFP | Getty Images Federal Reserve Chair Jerome Powell expressed concern in a speech Wednesday that the central bank could find itself in a dilemma […]

Aerial view of the import and export container terminal of Longtan Port on December 26, 2024 in Nanjing, Jiangsu Province of China. China News Service | China News Service | Getty Images U.S. importers are being notified of an increase in canceled sailings by freight ships out of China as ocean carriers try to balance […]

The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify was down Wednesday, with about 50,000 reports of an outage on Downdetector. The company posted an all-clear to social media site X just after noon EDT, thanking listeners for […]

Abbott Chairman of the Board and CEO Robert B. Ford delivers a keynote address at CES 2022 at The Venetian Las Vegas on January 6, 2022 in Las Vegas, Nevada. Ethan Miller | Getty Images Shares of Abbott Laboratories jumped Wednesday after the diversified health-care company delivered strong first-quarter results and left its earnings guidance […]

[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday afternoon at the Economic Club of Chicago, delivering policy remarks with markets on edge over the effect of President Donald Trump’s tariffs. The […]

The S&P 500 is facing a key test level as the consensus view of a soft landing for the U.S. economy reaches a “make or break” point, according to one strategist. Ron William, chief investment officer at RW Advisory, told CNBC’s “Squawk Box Europe” the 5,200 mark will “decide whether this bounce-back holds or whether […]

JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing […]