Breaking News: Economy
AI spending wasn’t the biggest engine of U.S. economic growth in 2025, despite popular assumptions
Meta’s 5-gigawatt “Hyperion” data center under construction in Richland Parish, Louisiana, on January 9, 2026. Meta The popular narrative that artificial intelligence is the engine keeping the U.S. economy alive appears to be overstated, according to recent analyses. The AI boom has reshaped market valuations, driven large investments and record bond issuance to finance data […]
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Musk’s $1 trillion pay package renews focus on soaring CEO compensation
Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed, according to several studies. Already, Musk is the richest person on the planet with a net worth that tops $660 billion, according to Bloomberg. Musk saw his […]
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Why a niche category of CRE lending is suddenly seeing record deals
Wepro | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight […]
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Airlines cancel hundreds of flights as massive winter storm sweeps across U.S.
Airplanes on the tarmac during a snow storm at Ronald Reagan Washington National Airport in Arlington, Virginia, US, on Monday, Jan. 6, 2025. Ting Shen | Bloomberg | Getty Images Airlines canceled more than 1,300 flights scheduled for Friday as a massive winter storm sweeps across the U.S. with heavy snow and sleet in the […]
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Trump withdraws ‘Board of Peace’ invitation to Carney in widening rift with Canada
DAVOS, SWITZERLAND – JANUARY 20: Canadian Prime Minister Mark Carney delivers a speech at the World Economic Forum Annual Meeting held in Davos, Switzerland on January 20, 2026. Anadolu | Getty Images U.S. President Donald Trump withdrew the invitation to Canada to join his “Board of Peace,” days after Prime Minister Mark Carney’s address in […]
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Stocks making the biggest moves after hours: Intel, Clorox, Capital One and more
Check out the companies making headlines in after-hours trading. Intel — Shares of the chipmaker slid more than 6% in extended trading. Intel gave soft revenue and earnings per share guidance for the current quarter. Intel said it expects first-quarter revenue between $11.7 billion and $12.7 billion, and breakeven adjusted earnings per share. Analysts polled […]
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Flex office firm Industrious is seeing major growth. Here’s what’s driving it
An Industrious flexible office space. Courtesy: Industrious A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, […]
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Rieder odds rising for Fed chair after Trump calls BlackRock executive ‘very impressive’
Key Points BlackRock fixed income chief Rick Rieder’s star is rising as a potential Federal Reserve chair following flattering remarks Wednesday from President Donald Trump. Traders on the Kalshi predictions market raised the odds for Rieder getting the nomination to 33%, about double where they were at the beginning of the week. Source
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China’s investment crash raises credit risks for homebuilders, banks, government: Fitch
CHONGQING, CHINA – JANUARY 16: An elderly man walks along a street with high-rise residential buildings under construction in the background, where tower cranes and overhead power lines are visible on January 16, 2026, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images China’s sharp investment downturn is amplifying credit risks across […]
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Trump signals he has a favorite for Fed chair: ‘Down to maybe one, in my mind’
Key Points President Donald Trump said Wednesday he is nearing the end of a search to replace Federal Reserve Chair Jerome Powell and hinted he has his candidate in mind. “I’d say we’re down to three, but we’re down to two. And I probably can tell you, we’re down to maybe one, in my mind,” […]
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