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Powell says there has been a 'lack of further progress' this year on inflation
Fed Chair Jerome Powell said the U.S. economy has not seen inflation come back to the...
March job growth zoomed: payrolls jumped by 303,000, unemployment drops to 3.8%
Job creation in March easily topped expectations in a sign of continued acceleration for what has...
Dow closes 500 points lower, worst day since March 2023
The Dow Jones Industrial Average ended Thursday down 530.16 points, or 1.35%, marking its fourth day...
Trump Media plunges more than 25% after company reports net loss of $58 million
Shares in Trump Media & Technology Group fell sharply after the company reported a net loss...
Xiaomi releases electric car $4K cheaper than Tesla's Model 3
Xiaomi CEO Lei Jun said the standard version of the SU7 will sell for 215,900 yuan...
Baltimore disaster may be the largest-ever marine insurance payout
Bruce Carnegie-Brown, chair of insurance giant Lloyd's of London, told CNBC that the payout from the...
Amazon spends another $2.7B on Anthropic
Jakub Porzycki | Nurphoto | Getty ImagesAmazon is making its largest outside investment in its three-decade...
Saudi Aramco CEO says world should abandon 'fantasy' of phasing out oil
Saudi Aramco CEO Amin Nasser said the current energy transition strategy is failing.The world should give...
China's housing minister says estate developers must go bankrupt if necessary
"For real estate companies that are seriously insolvent and have lost the ability to operate, those...
Aramco shifts focus to renewables, halts oil expansion plans
Saudi state-controlled Aramco suspended its capacity expansion plans because of the green transition, Saudi energy minister...
Investors in Airbnb arbitrage business allege they were defrauded in scheme
Illustration by Elham AtaeiazarDaryn Carr is no stranger to side hustles. After his mom died from...
Judge blocks JetBlue-Spirit merger after DOJ's antitrust challenge
A federal judge blocked JetBlue Airways' purchase of budget rival Spirit Airlines after the Justice Department...
Companies sign open letter saying Big Tech isn't respecting new EU rules
A host of companies including Ecosia, Qwant and Shibsted have signed an open letter accusing Big...
SEC approves rule changes that pave the way for Bitcoin ETFs
The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of...
FAA orders grounding of more than 170 Boeing 737 Max 9s
The Federal Aviation Administration on Saturday ordered airlines to ground more than 170 Boeing 737 Max...
The U.S. added 216,000 jobs in December, much better than expected
December's jobs report showed employers added 216,000 jobs for the month while the unemployment rate held...