A selection of AR-15-style rifles hangs on a wall at R-Guns store on Jan. 11, 2023, in Carpentersville, Illinois, a day after the state ban. Armando L. Sanchez | Tribune News Service | Getty Images Th...
Tag: Politics
Top business leaders discuss the future of jobs
[The stream is slated to start at 3 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Geoff Cutmore, top business leaders discuss at Davos, Swi...
United Airlines (UAL) earnings Q4 2022
United Airlines‘ fourth-quarter profit and outlook for early 2023 topped Wall Street estimates thanks to strong travel demand and high fares. Consumers’ appetite for air travel and willing...
Moderna says RSV vaccine is 84% effective at preventing disease in older adults
Moderna on Tuesday said its vaccine targeting respiratory syncytial virus is effective at preventing disease in older adults. The vaccine was 83.7% effective at preventing lower respiratory tract dise...
Fake billionaire Justin Costello could plead guilty in fraud case
A former fugitive accused of falsely telling investors he was a billionaire, a Harvard MBA, and a special forces veteran appears set to plead guilty on Wednesday in connection with an alleged $35 mill...
Arizona suburb sues Scottsdale for cutting off its water supply
A saguaro-cactus lined road where new homes are being built in in Rio Verde Foothills, Arizona, on January 7, 2023. The Washington Post | Getty Images An Arizona suburb has filed a lawsuit against the...
Developers lack enough groundwater to build in desert west of Phoenix
home is being built in in Rio Verde Foothills, Arizona, U.S. on January 7, 2023. The Washington Post | Getty Images Developers planning to build homes in the desert west of Phoenix don’t have en...
Top business leaders discuss financial innovation at the World Economic Forum
[The stream is slated to start at 2:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Steve Sedgwick, top business leaders discuss at Davos,...
China’s reopening overwhelmingly positive to tackle inflation
OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much we...
Richest 1% amassed almost two-thirds of new wealth created since 2020: Oxfam
Skyline in lower Manhattan. Gary Hershorn | Corbis News | Getty Images Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world...
Food fraud secretly infiltrates America. Here’s how you can avoid it
The food in your kitchen cabinets may not be what it seems. “I guarantee you any time a product can be passed off as something more expensive, it will be. It’s that simple,” Larry Ol...
Yellen Says U.S. Expected to Hit Debt Limit Next Thursday
Treasury Secretary Janet Yellen told U.S. lawmakers the federal government was projected to reach its debt limit next Thursday, marking a starting point for what is likely to be a long and tense battl...
The Weekend Shift: Bitcoin and Politics
Welcome to the 101st Weekend Shift! What’s the deal? Over the weekend, we’ll update this post with some of the most interesting articles, podcasts, charts, and opinion pieces we’re too busy to write a...
U.S. Debt Default ‘Likely’ in Second Half of 2023: Bank of America
Many investors are concerned that with the far-right wing of the Republican Party holding sway in the House of Representatives, a debt default is coming. If the view of Ralph Axel, rates strategist at...
The Stock Market Is on a Tear. Don’t Ignore the Debt Ceiling.
It’s always fun until the bill comes due—and the bill always comes due. In fact, it’s coming due right about now. On Friday, Treasury Secretary Janet Yellen warned Congress that the U.S. would hit its...
Pfizer Covid booster likely doesn’t carry seniors’ stroke risk: CDC
The Centers for Disease Control and Prevention on Friday said it is “very unlikely” the Pfizer omicron booster carries a risk of stroke for seniors after it launched an investigation into ...
U.S. uninsured rate fell during Covid pandemic, Medicaid, Obamacare coverage grew
The number of people in the U.S. without health insurance declined during the Covid-19 pandemic even as millions of people lost coverage through their employers due to layoffs. The uninsured rate in t...
Key Senate Democrats push Southwest CEO for answers on holiday meltdown
Southwest Airlines Executive Vice President Bob Jordan speaks as he is interviewed by CNBC outside the New York Stock Exchange (NYSE) in New York City, U.S., December 9, 2021. Brendan McDermid | Reute...
Neom is Saudi Arabia’s $500 billion bet to build a futuristic city
Saudi Arabia is building a futuristic city in the middle of a vast desert— from scratch. A vital element of the country’s Vision 2030 plan, the project is the brainchild of Saudi’s de fact...
This Asset Manager Believes Allowing 401(k)s To ‘go Woke’ Forces Some Into Leftist Views
A new regulation issued by the U.S. Department of Labor goes into effect at the end of January. Employers will be allowed to put politics over profits by favoring ESG-friendly options when choosing in...
President Biden Makes His Feelings Clear on House Republican Bill to Abolish IRS
A controversial proposal introduced by the newly elected, Republican controlled, House of Representatives has been making some headlines. It involves a scheme to get rid of the income tax in favor of ...
Delta CEO urges Washington to increase FAA funding after ‘unacceptable’ outage
Ed Bastian, chief executive officer of Delta Air Lines Inc., during an interview in New York, US, on Monday, Nov. 7, 2022. Bastian said that he sees ‘strong demand’ for flights carrying in...
Delta Air Lines (DAL) earnings Q4 2022
Delta Air Lines Airbus A330neo or A330-900 aircraft with neo engine option of the European plane manufacturer, as seen departing from Amsterdam Schiphol AMS EHAM International airport. Nicolas Economo...
ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed
ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...
U.S. Chamber of Commerce threatens to sue the FTC over proposed ban on noncompete clauses
Signage is seen on the Chamber Of Commerce Building in the Manhattan borough of New York City, New York, U.S., April 21, 2021. Andrew Kelly | Reuters A major business advocacy group has pledged to sue...
250,000 kindergarteners are vulnerable due to drop in vaccination rate
Nearly a quarter of a million kindergartners are potentially vulnerable to measles due to a dip in vaccination coverage during the pandemic, according to the Centers for Disease Control and Prevention...
Republicans Want to Abolish the IRS; How That Would Hit Your Wallet
While House Speaker Kevin McCarthy, R-Calif., was captivating a live audience with coverage of historically numerous votes for his new title, it was no secret he was making concessions to win votes fr...
Flight disruptions ease after FAA outage, officials to investigate
Travelers as flights are cancelled at Ronald Reagan National Airport (DCA) in Arlington, Virginia, US, on Wednesday, Jan. 11, 2023. Nathan Howard | Bloomberg | Getty Images Air travel disruptions ease...
China Is Opening Fast. Don’t Miss the Rebound for Stocks.
Chinese authorities’ abrupt pivot away from zero-Covid policies has been matched by the quick shift in investor sentiment about Chinese stocks from the bearishness of the past year. As the world’s sec...
FAA system outage disrupts thousands of flights across U.S.
Thousands of flights across the U.S. were delayed Wednesday after a Federal Aviation Administration pilot-alert system failed overnight, prompting a nationwide halt to departures. The FAA lifted the g...
Opinion: Opinion: The debt ceiling is a farce, not a crisis
AUSTIN, Texas (Project Syndicate)—In his bid to become speaker of the U.S. House of Representatives, Kevin McCarthy apparently agreed to a demand, voiced by Republican Congressman Ralph Norman of Sout...