US News

Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was up 2.5% from the same

Paris 2024 Paralympic Games logo, on July 22, 2024, in Paris France.  Nurphoto | Nurphoto | Getty Images As the dust of the 2024 Paris Olympics settles, venues across the City of Light welcome a new crop of athletes for the Paralympic Games. While the International Paralympic Committee does not dole out prize money for

Brightdrop EV600 van Source: Brightdrop DETROIT – General Motors is folding its all-electric BrightDrop commercial vans into the Chevrolet brand in an attempt to increase sales, accessibility and recognition of the vehicles. The change is expected to expand the selling and service points from a handful of dealers to Chevrolet’s large network of North American

Salesforce shares rose 4% in extended trading on Wednesday after the business software maker reported robust fiscal second-quarter results that beat estimates and raised its full-year profit outlook. The company also said Amy Weaver, its chief financial officer, will step down. She will remain at the company as the CFO until a successor is appointed

Former President Donald Trump‘s economic proposals would increase federal deficits by $5.8 trillion over the next decade, almost five times more than those of Vice President Kamala Harris, which would add $1.2 trillion, according to a new pair of studies from the nonpartisan Penn Wharton Budget Model. The Trump report found that his plan to

The U.S. 10-year Treasury inched up on Tuesday as investors monitored fresh economic data after the Federal Reserve boosted already-high expectations for imminent interest rate cuts. The yield on the 10-year Treasury climbed less than one basis point to 3.829%, while the yield on the 2-year Treasury was roughly 4 basis points lower at 3.899%.

Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the

An Amazon contract worker pulls a cart of packages for delivery in New York, US, on Monday, April 22, 2024. Angus Mordant | Bloomberg | Getty Images Amazon aggregators Branded and Heyday plan to merge, CNBC has learned, as a segment of the e-commerce industry that boomed during the Covid era continues to consolidate. In

Republican presidential nominee and former U.S. President Donald Trump speaks during a visit to the Livingston County Sheriff’s Office in Howell, Michigan, U.S., August 20, 2024.  Rebecca Cook | Reuters Republican presidential nominee Donald Trump is waffling on whether he will debate with Vice President Kamala Harris as previously agreed. And their campaigns are squabbling

Elon Musk (L) and Donald Trump (R). David Swanson | Vincent Alban | Reuters Former President Donald Trump said that Tesla and SpaceX CEO Elon Musk likely couldn’t serve in his hypothetical White House cabinet due to the demanding schedule of running his various companies. “He wants to be involved. Now look, he’s running big

Carl Eschenbach, co-CEO of Workday, speaking on CNBC’s “Squawk Box” at the World Economic Forum Annual Meeting in Davos, Switzerland, on Jan. 18, 2024. Adam Galici | CNBC Workday shares soared 12% on Friday, one day after the finance and human resources software maker issued fiscal second-quarter results that exceeded analysts’ estimates and announced plans

NASA astronauts Butch Wilmore, left, and Suni Williams pose inside the hatch connecting Boeing’s Starliner to the International Space Station on NASA Boeing will return its Starliner capsule from the International Space Station without the NASA astronauts that it delivered to orbit in early June, the agency announced on Saturday. With Starliner coming back to

Leopatrizi | E+ | Getty Images Lawmakers want to crack down on “junk fees,” but restaurants are trying to stay out of the fight. Surcharges or fees covering everything from credit card processing to gratuities to “inflation” have become more popular on restaurant checks in recent years. Last year, 15% of restaurant owners added surcharges

Meta said Friday that it blocked a “small cluster” of WhatsApp accounts linked to an Iranian hacking group that was targeting officials associated with President Joe Biden and former President Donald Trump. The company said in a blog post that the bogus WhatsApp accounts appeared to originate from the Iranian threat actor dubbed APT42, which

Federal Reserve Chair Jerome Powell laid the groundwork Friday for interest rate cuts ahead, though he declined to provide exact indications on timing or extent. “The time has come for policy to adjust,” the central bank leader said in his much-awaited keynote address at the Fed’s annual retreat in Jackson Hole, Wyoming. “The direction of

Vice President Kamala Harris on Thursday officially accepted the Democratic presidential nomination, vowing to unite the country and bring a practical perspective to the presidency if she is elected in November. “I know there are people of various political views watching tonight, “Harris said in her keynote address on the final night of the Democratic National Convention

The former CEO of a small Kansas bank was sentenced to more than 24 years in prison for looting the bank of $47 million — which he sent to cryptocurrency wallets controlled by scammers who had duped him in a “pig butchering” scheme that appealed to his greed, federal prosecutors said. The massive embezzlement by

Talk show host Oprah Winfrey arrives to speak on stage during the third day of the Democratic National Convention at the United Center on August 21, 2024 in Chicago, Illinois.  Kevin Dietsch | Getty Images Talk show and media icon Oprah Winfrey on Wednesday endorsed Vice President Kamala Harris for president. “What we’re going to

An employment sign is seen on the window of a Fedex store on August 02, 2024 in New York City. Michael M. Santiago | Getty Images The U.S. economy created 818,000 fewer jobs than originally reported in the 12-month period through March 2024, the Labor Department reported Wednesday. As part of its preliminary annual benchmark