Month: August 2025
Kimbal Musk on Elon’s Tesla pay package: ‘My brother deserves to be paid’
FILE PHOTO: Kimbal Musk speaks onstage at Move Over NFTs. Here Come the DAOs during the 2022 SXSW Conference and Festivals at Austin Convention Center on March 14, 2022 in Austin, Texas. Chris Saucedo | Getty Images Kimbal Musk, the younger brother of the world’s wealthiest person, said Elon Musk “deserves to be paid,” as […]
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Trump says he’ll fire Fed Governor Lisa Cook ‘if she doesn’t resign’
Lisa Cook, governor of the US Federal Reserve, speaks at the Peterson Institute For International Economics in Washington, DC, US, on Thursday, Oct. 6, 2022. Ting Shen | Bloomberg | Getty Images President Donald Trump said Friday he will fire Federal Reserve Governor Lisa Cook if she does not resign from her position. “What she […]
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Watch Fed Chair Powell’s full policy speech at Jackson Hole
Federal Reserve Chair Jerome Powell delivered his annual address Friday morning at the central bank’s annual symposium in Jackson Hole, Wyoming. He indicated that conditions ‘may warrant’ interest rate cuts as the Fed proceeds ‘carefully.’ Markets have been looking to Powell to provide strong hints about a September interest rate cut. For their part, the […]
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Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession
Key Points Job “switchers” typically see their wages grow at a faster rate than workers who stay in their current roles. However, that trend has reversed for the past six months, since February, data shows. Such a reversal rarely occurs outside of periods of weakness in the labor market, economists said. Source
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Investing in Space: The U.S.-China space race is getting tighter
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. A Long March-12 rocket carrying a group of internet satellites blasts off from the Hainan commercial spacecraft launch site on Aug. 4, 2025 in Wenchang, Hainan. China News Service | […]
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John Deere faces a crossroads amid decreasing demand, increasing investments
Attendees view a John Deere 7R 270 row crop tractor at the Deere & Co. booth during the World Ag Expo at the International Agri-Center in Tulare, California on February 11, 2025. Patrick T. Fallon | AFP | Getty Images John Deere is facing a crossroads as the company continues to see weaker demand in […]
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Waymo granted first permit to begin testing autonomous vehicles in New York City
Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty Images Waymo is getting one step closer to rides in New York City. The Alphabet autonomous vehicle subsidiary received its first permit from the New […]
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The British pound’s ‘bizarre behavior’ is dividing market watchers on what comes next
LONDON — Tariffs, economic uncertainty and political challenges have created a difficult-to-navigate U.K. market this year, sparking some turbulence for the country’s currency. The pound has gained around 7.2% against the U.S. dollar in the year to date, while losing 4.3% against the euro, with some significant bumps along the way. GBP= YTD line GBP/USD […]
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Tariffs aren’t dealing a huge blow to big retailers and consumers — yet. Here are key earnings takeaways
Customer with shopping cart in the snack aisle of a Walmart store in Florida City, Florida in the on August 5, 2025. JC Milhet | AFP | Getty Images As some of the biggest names in retail, including Walmart and Home Depot, delivered earnings results in recent weeks, they updated Wall Street on how they […]
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The U.S.-EU deal is here. Europe’s businesses remain on edge
US President Donald Trump speaks during a multilateral meeting with European leaders in the East Room of the White House in Washington, DC, US, on Monday, Aug. 18, 2025. Aaron Schwartz/CNP/Bloomberg via Getty Images The U.S. and European Union granted businesses some desperately sought after clarity as they shared fresh details on their trade agreement […]
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