Economy

Two trendy areas in finance — fintech and private credit — are coming together in a new multibillion-dollar joint venture. Affirm Holdings is getting its largest-ever capital commitment with a new partnership from private credit firm Sixth Street, which is investing in $4 billion worth of loans over the course of three years. Sixth Street […]

Atop a newly completed, 3.5-million-square-foot building that stands on 1,100 acres in the Arizona desert north of Phoenix is a giant logo of a microchip wafer and the letters TSMC. Taiwan Semiconductor Manufacturing Company’s first Arizona chip fabrication plant, or fab, is making history because it’s the most advanced chip fab on U.S. soil, and […]

An F-35B Lighting II, attached to Marine Fighter Attack Squadron (VMFA) 121, takes off from the flight deck of America-class amphibious assault ship USS Tripoli (LHA 7), May 13, 2026. Courtesy: U.S. Navy The U.S. military struck Iran on Friday after President Donald Trump accused the Islamic Republic of “foolish violation” of a ceasefire agreement […]

The stock of SpaceX continues its consolidation phase on the New York Stock Exchange one week after its Nasdaq listing. Samuel Boivin | Nurphoto | Getty Images SpaceX became one of the quickest additions ever to the Nasdaq-100 index, setting up a fresh wave of buying from passive investors less than a month after the […]

Apple CEO Tim Cook looks on during an event with President Donald Trump in the Oval Office of the White House on Aug. 6, 2025. Win Mcnamee | Getty Images Earlier this year, Mono Technologies assembled and shipped nearly 1,000 units of its flagship product, a $600 router development kit. Co-founder Tomaž Zaman, who started […]

Veteran investor Jeremy Grantham thinks the artificial intelligence boom has pushed the U.S. stock market to its most expensive level ever and could eventually lead to a historic decline. “Based on the value of the stock market compared to GDP, with modifications, this is the most expensive market in American history,” Grantham told CNBC’s “Squawk […]

Hudson Williams and Connor Storrie in HBO Max’s ‘Heated Rivalry.’ Courtesy: Sabrina Lantos | HBO Max When the holiday season rolled around last year, Margaret Hecox knew exactly what her grandmother would love. The 23-year-old wrote in a card about “Heated Rivalry,” the breakout Canadian TV series following a clandestine love story between two male […]

The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. The move takes the bank’s main rate to 0.5%. More than 85% of economists polled by Reuters had forecast the bank would […]

A man holds an American flag depicting president-elect Donald Trump at Parliament Square in London. Jeff J Mitchell | Getty Images News | Getty Images As U.K. and EU leaders seek to reset relations ahead of President-electDonald Trump’s return to the White House, public sentiment also appears to be shifting in favor of closer ties […]

OpenAI CEO Sam Altman visits “Making Money With Charles Payne” at Fox Business Network Studios in New York on Dec. 4, 2024. Mike Coppola | Getty Images OpenAI said in an early Thursday X post that its popular ChatGPT assistant, Sora video generator and programming interface for software developers were working again after hours of […]