Economy

Signage for the Reserve Bank of India (RBI) in Mumbai, India, on Friday, April 5, 2024. Dhiraj Singh | Bloomberg | Getty Images India’s central bank expectedly kept the benchmark interest rate unchanged at 6.50% on Friday as it struggles to contain rising inflation without hurting growth in Asia’s third-largest economy. The decision came in […]

Airlines may not be fans of “skiplagging,” but travelers who use it to save money on flights surely are. The practice involves buying a connecting flight, with no intention of taking the second leg of the journey. Flyers do this when they find a connecting flight — that stops at their intended destination — that’s […]

Closed circuit screenshots of a person of interest in the UnitedHealthcare CEO killing. Source: NYPD Police investigating Wednesday’s fatal shooting of UnitedHealthcare CEO Brian Thompson now believe the man wanted in connection with the killing traveled to New York City on a Greyhound bus from Atlanta two weeks ago, NBC News reported Thursday night. Investigators […]

Zenefits CEO David Sacks speaks at the TechCrunch Disrupt conference in San Francisco, Calif. Paul Chinn | San Francisco Chronicle | Hearst Newspapers via Getty Images Venture investor and podcaster David Sacks will join the Trump administration as the “White House A.I. & Crypto Czar,” President-elect Donald Trump announced Thursday on Truth Social. Sacks will […]

The Starlink logo is seen on a mobile device with an grahpic illustration of planet Earth in this illustration photo in Warsaw, Poland on 21 September, 2022. STR | Nurphoto | Getty Images SpaceX’s effort to put an additional 22,488 satellites into low-earth orbit is facing a formal objection from a Ukrainian-American nonprofit, which says […]

SpaceX shares popped about 4% on Tuesday, as Elon Musk’s rocket builder continued its meteoric rise following a record-breaking IPO on Friday. With the skyrocketing share price, SpaceX briefly overtook Microsoft in market cap, becoming the fourth-largest company by valuation in the U.S. SpaceX’s market cap touched $2.94 trillion in mid-morning trading, surpassing Microsoft’s valuation […]

Oil prices fell to their lowest level in three months Tuesday, as the U.S. will reportedly allow Iran to immediately begin selling crude under the terms of the deal to end the conflict. Brent crude futures fell 5% to close at $78.96 per barrel, the first time the international benchmark has fallen below $80 since […]

A Carvana sign and signature vending machine in Tempe, Arizona. Michael Wayland | CNBC After growing to become one of the largest used car retailers in the U.S., Caravan is expanding into the new vehicle market. The company has quietly purchased seven new vehicle franchises since last year that primarily sell Stellar ‘ Chrysler, Dodge […]

Jonathan Raa | Nurphoto | Getty Images Artificial intelligence giant Anthropic shocked observers when it said Friday evening it disabled access to its Fable 5 and Mythos 5 models to comply with an order by the U.S. government. But traders on prediction market platform Kalshi think it’s more likely than not that the Fable model […]