Economy

Microsoft Chairman and CEO Satya Nadella speaks at a press briefing on the company’s campus in Redmond, Washington, on May 20, 2024. Jason Redmond | AFP | Getty Images Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday. “At Microsoft we focus on high-performance […]

In an aerial view, container ships sit docked at the Port of Oakland on December 09, 2024 in Oakland, California. Justin Sullivan | Getty Images After a contentious negotiation, the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) on Wednesday announced a tentative deal on a new six-year master contract. The deadline to […]

CNBC’s Jim Cramer on Wednesday gave investors his read on the future of TikTok, saying the popular app faces a contentious battle even up against a conservative-leaning Supreme Court. “Here we are almost nine months later, and it seems like the only real way to stop the TikTok ban is if they win this case […]

A machete and three knives that U.S. Capitol Police say were confiscated from a man who was arrested at a Capitol screening checkpoint as former President Jimmy Carter lay in state in the Capitol Rotunda, Jan. 8, 2025. Source: The United States Capitol Police Police arrested a man trying to enter the U.S. Capitol with […]

Takeshi Ebisawa, a leader of the Japanese organized crime syndicate yakuza, in an undated photo. Ebisawa pleaded guilty on Jan. 8, 2025, in New York federal court to charges of trafficking nuclear materials and conspiracy to traffic narcotics and heavy weapons. NBC News A leader of the Japanese organized crime syndicate yakuza pleaded guilty in […]

Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday.Ismail Ferdous | Bloomberg | Getty ImagesThe Turkish lira is already facing some of the most volatile conditions across global currency markets in the run-up to the country’s landmark elections this weekend, with traders predicting a likely collapse if incumbent… […]

Maybe we aren’t really that connected. Maybe we’re basing our financial decisions on economic data that is wrong. And just because we are all using the same wrong information doesn’t make it right. As someone who is trying to make sense of it all for Club members, I find myself befuddled — not because the… […]

Rockaa | E+ | Getty ImagesAlthough the Biden administration’s sweeping student loan forgiveness plan and the legal troubles around it have gotten the most headlines, the U.S. Department of Education has already canceled more than $66 billion in education debt under existing programs.More than 2 million borrowers, including defrauded students and those who work in… […]

Solarcycle CTO Pablo Dias and COO Rob Vinje show a solar panel laminate after it’s been cleanly separated from the glass to investors and partners. The laminate is where most of the value is contained in a panel, like silver, silicon, and copper.SolarcycleThe growing importance of wind and solar energy to the U.S. power grid,… […]

S3studio | Getty Images News | Getty ImagesIn 1990, McDonald’s ditched the styrofoam home for the Big Mac, and its signature burger has been served ever since in paper wrap. Reusable packaging may be next. McDonald’s is making some progress on a goal it set in 2018 to use recycled or renewable packaging in 100% of… […]