The U.S. is showing signs of a “K-shaped” economy with spending among lower-income consumers showing little growth in comparison to their higher-income counterparts, a new analysis from the Bank of America…
Michael Faulkender, the former deputy secretary of the U.S. Department of Treasury, believes it’s too early to doubt President Donald Trump’s record on the economy. “I think we should recognize…
Gold’s stratospheric rise, the best percentage gain since 1979, surprised even the most bullish metal mavens as Wall Street firms chased the run-up. The precious metal, which sat at $2,606…
Trump’s Crypto Czar David Sacks is predicting that Miami will dethrone New York City as the nation’s financial capital following the swearing-in of socialist Zohran Mamdani as the city’s 111th…
Billionaire hedge fund manager Bill Ackman has blasted California’s proposed wealth tax as a potential government seizure of private property, arguing such taxes have failed everywhere they have been tried.…
Israeli billionaire tech entrepreneur and Cato Networks co-founder Shlomo Kramer argued on Monday’s episode of CNBC’s “Money Movers” that governments must restrict freedom of speech in the age of AI.…
Berkshire Hathaway shares fell on Friday, a day after CEO Warren Buffett left following a 60-year run. The 95-year-old officially stepped down Thursday, and successor Greg Abel, who started at…
President Donald Trump’s economic agenda has produced a mixed but closely watched set of results so far. Economic growth has picked up, inflation has cooled from recent highs and major…
Porsche is recalling 173,538 vehicles in the U.S. due to a defect that could cause rearview cameras to go dark while drivers are backing up. The recall covers select 2019-2025…
The U.S. is backing off proposed tariffs that threatened to deal a major blow to Italy’s pasta industry, reducing duties on several leading producers. After an investigation into allegations that…
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