Economy

Britain’s Finance Minister Rachel Reeves on Wednesday announced billions of pounds worth of spending cuts as she looked to plug a budget shortfall amid stalling growth and higher borrowing costs since her first fiscal plan, released last fall. “The responsible choice is to reduce our levels of debt and borrowing in the years ahead so […]

People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025. Mandel And | AFP | Getty Images The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document. […]

President Trump and Elon Musk’s Office of Government Efficiency have targeted the federal workforce laying off thousands of federal employees. The president has justified those cuts as a cost savings measure and many of those fired workers have been reinstated after the terminations were challenged in court. But experts say the federal payroll is not […]

A Delta Airbus A320 airplane takes off from Ronald Reagan Washington National Airport in Arlington, Virginia, as smoke from wildfires in Canada blankets the area.Saul Loeb | AFP | Getty ImagesSmoke from Canada wildfires disrupted flights in the Eastern U.S. again Thursday after hundreds were delayed a day earlier due to decreased visibility, the Federal… […]

Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play […]

Han Jong-hee, co-chief executive officer of Samsung Electronics Co., at the company’s annual general meeting at the Suwon Convention Center in Suwon, South Korea, on Wednesday, March 19, 2025. Bloomberg | Bloomberg | Getty Images South Korea’s Samsung Electronics said Tuesday that its co-CEO Han Jong-hee, 63, died of a heart attack. He headed Samsung’s […]

About 2,000 asset managers and investment advisors are here at the Exchange ETF conference in Las Vegas. A small ETF crowd arrived Saturday night to see Dead & Co. at the Sphere, who put on an amazing light show on top of an amazing music show. (What did you expect from the Dead?) Musical entertainment […]

Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the […]

Thomas Fuller | SOPA Images | Lightrocket | Getty Images Shares of Trump Media jumped about 9% in extended trading on Monday after the parent of the president’s social media company announced an agreement with Crypto.com to launch a series of exchange-traded funds and related products. The company, which runs the Truth Social platform, has […]

Bill Ackman, founder and CEO of Pershing Square Capital Management. Adam Jeffery | CNBC Billionaire investor Bill Ackman is delaying the highly scrutinized listing of Pershing Square’s U.S. closed-end fund, according to a notice on the New York Stock Exchange’s website. The initial public offering of Pershing Square USA Ltd., with the ticker PSUS, is […]