Breaking News: Economy
Treasury Secretary Bessent says White House is heading off a ‘guaranteed’ financial crisis
Treasury Secretary Scott Bessent speaking to CNBC on March 13th, 2025. CNBC Treasury Secretary Scott Bessent said Sunday the Trump administration is focused on preventing a financial crisis that could be the result of massive government spending over the past few years. “What I could guarantee is we would have had a financial crisis. I’ve studied […]
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‘See you in four years’: Canada flexes economic muscle as tariff negotiations continue
A “Shop Canadian” sign is seen at the entrance of a supermarket in Vancouver, British Columbia, Canada, March 4, 2025. Liang Seng | Xinhua News Agency | Getty Images Canadians are swapping their friendly auras for a fierce sense of nationalism amid U.S. President Donald Trump’s attacks on the country’s trade and sovereignty. Trump’s mostly […]
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Y Combinator startups are fastest growing, most profitable in fund history because of AI
Silicon Valley’s earliest stage companies are getting a major boost from artificial intelligence. Startup accelerator Y Combinator — known for backing Airbnb, Dropbox and Stripe — this week held its annual demo day in San Francisco, where founders pitched their startups to an auditorium of potential venture capital investors. Y Combinator CEO Garry Tan told […]
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Goodbye to ‘bags fly free’ on Southwest Airlines, the last freebie in America
Passengers check in for Southwest Airlines flights at Chicago Midway International Airport on Feb. 18, 2025 in Chicago, Illinois. Scott Olson | Getty Images Almost nothing is guaranteed in life. Certainly not weather, electricity, health, tariffs or eggs. But for more than 50 years, American consumers could count on Southwest Airlines letting them check bags […]
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South Korea asks US for tariff exemption, trade ministry says
A South Korean national flag, center, and U.S. national flags fly at the Imjingak pavilion near the demilitarized zone (DMZ) in Paju, South Korea, on Saturday, April 29, 2017. SeongJoon Cho | Bloomberg | Getty Images South Korea’s trade minister has asked his U.S. counterpart to exempt the country from reciprocal tariffs if they go […]
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Senate votes to advance GOP funding bill, clearing the way to avert a government shutdown
U.S. Senate Majority Leader Chuck Schumer (D-NY) holds a press conference following the Senate Democrats weekly policy lunch at the U.S. Capitol in Washington, U.S., November 19, 2024. Elizabeth Frantz | Reuters Senate Republicans teamed up with a small band of Democrats on Friday to advance a stopgap funding bill, clearing the path for a […]
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U.S. consumers are starting to crack as tariffs add to inflation, recession concerns
Shoppers cast shadows as they carry their bags along the waterfront in Portland, Maine, U.S, December 26, 2024. Kevin Lamarque | Reuters It’s not just Walmart. The leaders of companies that serve everyone from penny-pinching grocery shoppers to first-class travelers are seeing cracks in demand, a shift after resilient consumers propped up the U.S. economy […]
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Consumer sentiment drops in March to 57.9, according to University of Michigan survey, worse than expected
Consumer sentiment took another hit in March as worries intensified over inflation and a slumping stock market, according to the University of Michigan’s latest sentiment survey released Friday. The survey posted a mid-month reading of 57.9, which represents a 10.5% decline from February and was below the Dow Jones consensus estimate for 63.2. The reading […]
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Stocks making the biggest moves premarket: Chipotle, Li Auto, DocuSign and more
Check out the companies making headlines before the bell. Rubrik — The data management stock popped 18.5%. Rubrik beat Wall Street’s expectations, posting an adjusted loss of 18 cents per share for its fourth quarter, which was narrower than the 39 cent loss expected from analysts polled by LSEG. The company also reported $258 million […]
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Tech’s 3-week sell-off, led by Tesla, wipes out $2.7 trillion in value from megacaps
Less than two months ago, the tech industry’s top leaders flocked to Washington, D.C., for the presidential inauguration, part of an effort to strike a friendly tone with President Donald Trump after a contentious first go-round in the White House. Thus far, they’ve avoided any nasty social media posts from the president. But their treatment […]
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