Economy

Year after year, side hustles keep growing in popularity. And young people, specifically, are leaning into the trend. Half of millennials — many of whom are in their 30s — say they’ve picked up a gig outside of their full-time job, according to a recent Bankrate survey of 2,505 U.S. adults.If you yourself are in… […]

The plant-based protein boom has stalled, with buzzy startups humbled and food giants retreating, but Cargill forecasts 70% more protein consumption over the next 25 to 30 years. “That protein has to come from somewhere,” says its chief technology officer and head of R&D, Florian Schattenmann.CargillCargill is hardly a household name among consumers — even… […]

In 2005, John Schneider and David Auten had grown accustomed to a lifestyle they say was “fabulously gay,” replete with designer clothes, gourmet meals, weekend brunches and expensive vacations. There was only one problem: They couldn’t afford it.”We were living beyond our means because we felt compelled to do that, either to prove to people… […]

The S & P 500 notched its best week since March as a pair of key inflation reports hit their marks and the Federal Reserve delivered on an expected pause in raising interest rates. Investors will have much less data to pore over in the week ahead. For starters, the markets are closed on Monday… […]

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon said Friday that he expects estimates for corporate earnings to fall amid the […]

Consumer sentiment grew even worse than expected in April as the expected inflation level hit its highest since 1981, a closely watched University of Michigan survey showed Friday. The survey’s mid-month reading on consumer sentiment fell to 50.8, down from 57.0 in March and below the Dow Jones consensus estimate for 54.6. The move represented […]

A Wells Fargo Bank branch is seen in New York City on March 17, 2020. Jeenah Moon | Reuters Wells Fargo shares declined on Friday after the bank reported lower-than-expected quarterly revenue and a decline in net interest income. Here’s what the bank posted for the first quarter compared with what Wall Street was expecting […]

BlackRock CEO Larry Fink told CNBC on Friday that he thinks the U.S. economy has weakened to the point of growth possibly turning negative. “I think we’re very close, if not in, a recession now,” Fink said on “Squawk on the Street.” Fears of an economic slowdown have risen sharply since President Donald Trump unveiled […]

A pharmacist collects medications for prescriptions at a pharmacy. Simon Dawson | Bloomberg | Getty Images President Donald Trump’s planned tariffs on pharmaceuticals imported into the U.S. could have wide-ranging consequences for drugmakers and American patients, some experts told CNBC. The duties could disrupt the complex pharmaceutical supply chain, drive up the prices of drugs […]

Alibaba founder Jack Ma is “happy,” according to the company’s President Michael Evans. Te comments come as speculation about the billionaire’s activities continues following China’s crackdown on Ma’s empire.Costfoto | Future Publishing | Getty ImagesPARIS — Alibaba founder Jack Ma is “alive” and “happy,” the Chinese e-commerce giant’s president said Thursday, after speculation continues about… […]