Economy

Retired Navy Admiral Robert Burke. Courtesy: U.S. Navy A retired four-star U.S. Navy admiralwho was once the military branch’s second-highest-ranking officer, was arrested on Friday for a bribery scheme with two tech CEOs, the Department of Justice announced. From 2020 to 2022, Robert Burkea 62-year-old resident of Coconut Creek, Fla., allegedly used his high-ranking status […]

In May, the national median monthly rent was $1,404, down almost 1% from same month last year, according to a June Apartment List report. Rent costs across U.S. continue to fluctuate, but there are some major areas where prices are trending up year-over-year. CNBC Make It analyzed rent estimate data from Apartment List for April 2023 […]

Supporters of the ruling Bharatiya Janta Party (BJP) holding cut-outs of India’s Prime Minister a Narendra Modi during an election campaign rally in Amritsar on May 30, 2024. Narinder Nanu | Afp | Getty Images India’s Prime Minister Narendra Modi looks set for a rare third consecutive term in power, as local exit polls on […]

A television station broadcasts the Federal Reserve’s interest-rate cut on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 18, 2024. Michael Nagle | Bloomberg | Getty Images CNBC’s Jim Cramer on Wednesday walked investors through the markets’ fall after the Federal Reserve cut its key interest rate […]

A Tesla Cybertruck is parked outside of a dealership on November 14, 2024 in Austin, Texas. Brandon Bell | Getty Images Tesla shares sank more than 8% on Wednesday, notching their steepest drop since before Donald Trump’s election victory last month, which sparked a sharp rally in the stock. Tesla closed at $440.13, and is […]

Writer E. Jean Carroll arrives at the 2nd U.S. Circuit Court of Appeals, where former U.S. President Donald Trump was to arrive to ask a federal appeals court to overturn a $5 million jury verdict finding him liable for sexually assaulting and defaming her, in New York, Sept. 6, 2024. Adam Gray | Reuters A […]

President Donald Trump on Wednesday said he would make a long-shot bid to get the Supreme Court to rehear the case in which it ruled against his executive order that sought to sharply restrict birthright citizenship. The Supreme Court on June 30 held that babies born in the United States are automatically citizens under the […]

Michael Burry attends the premiere of “The Big Short” at the Ziegfeld Theatre on Nov. 23, 2015, in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment anticipating regulators will eventually crack down on prediction markets after competition […]

A view of Levi Strauss & Co. headquarters on July 8, 2026, in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings […]

SpaceX stock closed at $148 on Wednesday, below the company’s first trading price of $150 per share for a second day in a row. Elon Musk’s aerospace and defense contractor was included in the Nasdaq-100 index on Tuesday, less than a month after its stock market debut on June 12. The rapid inclusion in the […]