Stay informed with the latest finance news and economic updates. Fresh insights on markets, money trends, and financial events that matter to you.
WASHINGTON — Internal records indicate that the U.S. Food and Drug Administration approved a trip costing more than $250,000 for 31 employees to attend an international pharmaceutical conference in Singapore while the agency was operating under the constraints of the longest federal government shutdown on record. The documents, reviewed by CNBC and summarized in agency […]
New York Federal Reserve President John Williams said the U.S. central bank’s quarter-point interest-rate reduction last week places monetary policy in a favorable spot to navigate 2026, adding that he expects price pressures to keep easing while the labor market cools. Speaking on Monday at a New Jersey Bankers Association gathering in Jersey City, Williams […]
Washington, D.C. — President Donald Trump has pledged to revive American shipbuilding, positioning the sector as a cornerstone of national security and economic growth. While the White House’s “Make American Shipyards Great Again” initiative aims to expand production of liquefied natural gas (LNG) carriers, polar icebreakers and Navy vessels, officials acknowledge the effort cannot advance […]
Boston-based iRobot Corp. entered Chapter 11 bankruptcy protection on Sunday, positioning itself for a court-supervised sale to its primary contract manufacturer, privately held Picea Robotics, after a year of steep tariff-related cost increases and declining revenue. The maker of Roomba and Braava household cleaning robots submitted its voluntary petition in the U.S. Bankruptcy Court for the […]
A newly surfaced video shows a bystander intervening during an armed incident at Bondi Beach, wrestling a firearm from an individual identified as the alleged shooter. The images, recorded on a mobile device, document the brief but decisive confrontation in which the civilian brings the weapon under control and prevents the gunman from regaining possession. […]
The climbing price of everyday goods is leading a larger share of U.S. consumers to tighten their budgets for the 2025 holiday season, according to the latest CNBC All-America Economic Survey. The nationwide poll of 1,000 adults, which carries a margin of error of ±3.1 percentage points, shows that 41% of respondents intend to spend […]
The head of Britain’s Secret Intelligence Service, Sir Blaise Metreweli, will tell an audience in London on Monday that President Vladimir Putin is pursuing a deliberate strategy of spreading disorder abroad, a policy she argues is reshaping modern conflict and confronting the United Kingdom with complex security risks. Metreweli, who became the first woman to […]
Television commentator Jim Cramer argued that Apple Inc. would see little direct benefit from the Federal Reserve’s recent interest-rate cut, citing the company’s exceptionally large cash position and limited reliance on external borrowing. His comments were made on December 13, 2025, during a discussion of how lower rates could ripple through major technology names. Cramer pointed […]
The Los Angeles Police Department has launched a homicide investigation after filmmaker Rob Reiner, 78, and his wife, Michele Singer, 68, were discovered dead inside their Brentwood residence on Sunday afternoon. Family members confirmed the deaths in a written statement, describing the loss as sudden and asking for privacy. Officers responded to a 911 call […]
The rapid adoption of consumer-facing artificial intelligence is reshaping the peak shopping season and prompting major retailers to overhaul their digital playbooks. Research from Salesforce projects that generative AI will influence roughly $263 billion in global online holiday sales this year, accounting for about 21 percent of all digital orders placed in November and December. The forecast […]
Television analyst Jim Cramer believes Meta Platforms, Inc. (NASDAQ: META) will remain largely unaffected by the latest shift in U.S. monetary policy. Speaking on 13 December 2025, shortly after the Federal Reserve lowered interest rates, Cramer argued that the social-media company’s fortunes are dictated more by product developments and corporate messaging than by fluctuations in […]
Egyptian authorities have presented the fully restored Colossi of Memnon, two monumental statues of Pharaoh Amenhotep III that once marked the entrance to the ruler’s mortuary temple on Luxor’s west bank. The unveiling ceremony on Sunday concludes nearly 20 years of archaeological work designed to reassemble, conserve and re-erect the twin figures, which had lain in fragments […]