Economy

Before I buy a gift for someone, I always check to see what other people are saying about it. The folks at Wirecutter do an excellent job, but I’m much more likely to trust someone I know who bought the thing for themselves and loves it. If you feel the same way, I’m here to […]

Cavan Images | Cavan | Getty Images Last month, Congress moved to take rare bipartisan action to change certain Social Security rules. The House of Representatives on Nov. 12 passed the Social Security Fairness Act by an overwhelming 327 to 75 majority. The proposal would eliminate rules that reduce Social Security benefits for those who […]

Activist investor Nelson Peltz has sold his entire stake in Disney a person familiar with the matter tells CNBC. Peltz sold all of his Disney stock at roughly $120 a share, the person said, making about $1 billion on the position. The stock currently trades for about $100 per share. The exit comes weeks after […]

An American Eagle Outfitters store in New York, US, on Monday, May 27, 2024. American Eagle Outfitters Inc. is scheduled to release earnings figures on May 29. Stephanie Keith | Bloomberg | Getty Images American Eagle on Wednesday said it’s making gains in boosting profitability as it works to improve its product assortment and tweak […]

All Nippon Airways and Japan Airlines increased fuel surcharges Wednesday, with fees topping $400 on some long-haul flights. The hikes, which apply to tickets purchased in July and August, come even as jet-fuel rates in Asia are dropping. That’s because Japan’s two largest airlines calculate the fees based on averages that lag current prices by […]

A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC The U.S. automotive industry is entering a new phase of uncertainty as the Trump administration said the USMCA trade agreement between the United States, Mexico and Canada will not be extended by Wednesday, triggering what could be a yearslong review […]

CNBC’s Jim Cramer said investors who feel they’ve missed this year’s biggest winners should be thankful for Wednesday’s market rotation. “You are getting a chance to sell the losers at a premium and switch to winners at a discount,” the “Mad Money” host said Wednesday. “So often in this market, you look back and kick […]

U.S. President Donald Trump makes an announcement on 2026 FIFA World Cup, while U.S. Vice President JD Vance looks on, as FIFA president Gianni Infantino and U.S. Homeland Security Secretary Kristi Noem stand behind the FIFA World Cup Trophy, in the Oval Office at the White House in Washington, D.C., U.S., August 22, 2025. Jonathan […]

Dan Ives, Wedbush Securities analyst. Scott Mlyn | CNBC Dan Ives, one of Wall Street’s most recognizable technology analysts, is leaving his longtime role at Wedbush Securities to launch a merchant bank aimed at combining research, advisory, capital raising and investing under one roof. Ives, who has spent the past eight years at Wedbush and […]

Marc Benioff, CEO of Salesforce, appears on a panel at the World Economic Forum in Davos, Switzerland, on Jan. 18, 2024. Stefan Wermuth | Bloomberg | Getty Images Salesforce shares plummeted as much as 17% in extended trading on Wednesday after the cloud software vendor reported weaker-than-expected revenue and issued guidance that trailed Wall Street’s […]