Economy

3alexd | E+ | Getty Images A humanoid robotics startup cofounded by the CEO of bankrupt fintech firm Synapse has canvassed Silicon Valley investors for funds by claiming close ties and an imminent investment from General Motors — claims rejected by the automaker. The company, called Foundation Robotics Labs, is seeking the last $1 million […]

A view of Paramount Studios in Los Angeles, Sept. 26, 2023. Mario Anzuoni | Reuters National Amusements stopped merger discussions between Paramount Global and Skydance this week — throwing into question what’s next for the legacy media giant during a tumultuous period for the industry. Paramount, like many of its peers, is grappling with how […]

CNBC’s Jim Cramer on Wednesday said the two most important forces in this market, the Federal Reserve and the technology sector, both got shocked “in a positive way” this week. The Fed held interest rates steady on Wednesday and revised its outlook to just one rate cut in 2024. But Cramer said this morning’s “very […]

World Champion Joey Chestnut during the weigh-in ceremony ahead of the 2023 Nathan’s Famous Fourth of July International Hot Dog Eating Contest in Coney Island in Brooklyn, New York, on July 3, 2023. Brendan McDermid | Reuters Netflix is preparing for a showdown on Labor Day. The company announced Wednesday that it will live stream […]

U.S. Treasury yields fell Wednesday after the Federal Reserve indicated it was making inroads on inflation following a cool May CPI report. The rate on the 10-year Treasury last dropped 8 basis points to 4.318%. The benchmark yield slid as low as 4.25% at one point, its lowest level since April 1. The 2-year Treasury […]

Beijing-based robot vacuum maker Roborock revealed a new model in January 2025 with an artificial intelligence-powered folding arm for removing obstacles. CNBC | Evelyn Cheng BEIJING — Chinese robot vacuum cleaner company Roborock revealed a new model on Monday that comes with a folding arm for removing socks and other obstacles — a feature powered […]

The New York Stock Exchange welcomes Dewalt, on May 14, 2024, in celebration of its 100th anniversary. To honor the occasion, the CEO of parent company Stanley Black & Decker rings the opening bell. NYSE The days always start the same way. “So Jeff,” I say, “Time to buy more DuPont ? What do you […]

U.S. President Joe Biden speaks as he participates in a bill signing ceremony for the “Social Security Fairness Act” in the East Room of the White House, in Washington, U.S. on Jan. 5, 2025. Nathan Howard | Reuters President Joe Biden on Sunday signed the Social Security Fairness Actbipartisan legislation that clears the way for […]

Former U.S. President and Republican presidential candidate Donald Trump and former first lady Melania Trump smile after speaking during an election night event at the West Palm Beach Convention Center in West Palm Beach, Florida, early on Nov. 6, 2024. Jim Watson | AFP | Getty Images Amazon Prime Video announced Sunday that it is […]

“Now Hiring” signage outside a Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024. David Paul Morris | Bloomberg | Getty Images The bulls returned to Wall Street on Friday after a brief hiatus. In the week ahead, investors from all camps will focus on a series of labor market reports […]