Business

A view of the Sun Valley Lodge in Sun Valley, Idaho. Drew Angerer | Getty Images Media and technology titans will convene in Sun Valley this week to lay the groundwork for the future of streaming — and for potential alliances. Allen & Co.’s annual conference, often referred to as “summer camp for billionaires,” kicks

Former President Donald Trump, left, and President Joe Biden face off in the first debate of the 2024 presidential campaign, in Atlanta, June 27, 2024. Andrew Harnik | Getty Images News | Getty Images The recent U.S. presidential debate saw both candidates trade barbs related to the economy. High pandemic-era inflation was among the grievances.

A United Airlines plane seen at the gate at Chicago OHare International airport (ORD)on October 5, 2020 in Chicago, Illinois. Daniel Slim | AFP | Getty Images Don’t believe bad weather is the reason your United Airlines flight is delayed? The airline will now text you live radar maps to prove it. Even when it’s

Ridvan_celik | E+ | Getty Images Employment scams surged last year, as criminals leveraged artificial intelligence to steal money and personal information from unsuspecting job seekers, experts said. Consumer reports of job scams jumped 118% in 2023 from the prior year, according to a recent report by the Identity Theft Resource Center. Thieves generally pose

In the wake of 9/11 on an American military base in South Korea, then-Army Staff Sergeant Dave Yeager sat down at a slot machine operated by the Defense Department and made what he now calls the biggest mistake a budding problem gambler can make: He won. “All that stress, all that tension, all the things

Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough for them to lower interest rates, minutes released Wednesday showed. “Participants affirmed that additional favorable data were required to give them greater confidence that inflation was moving sustainably toward 2 percent,” the meeting summary said.

Ford Mustang Mach E electric vehicles are offered for sale at a dealership in Chicago, Illinois, on June 5, 2024. Scott Olson | Getty Images Ford sales rose 1% during the second quarter over the year-earlier period, led by a 5% gain in truck sales, the automaker said Wednesday. Ford truck sales, which include pickups

Tema ETFs has been capitalizing on the risk appetite for weight loss stocks. It is behind the GLP-1, Obesity & Cardiometabolic ETF (HRTS), which is up 26% since its inception last November. The firm’s founder and CEO Maurits Pot thinks the winning weight loss trade isn’t based on just hype. “The companies we track and

The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act designed to spur domestic production continues to be dispersed. It is also staring down a projected shortfall of as much as one million workers in the broader U.S. economy

Patchareeporn Sakoolchai | Moment | Getty Images Summer is the season of road trips. A record 70.9 million Americans are expected to travel by car during the July Fourth holiday week alone, according to AAA. For some car owners, it might be more financially savvy to rent a vehicle for a road trip than use

In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000.

One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind the American Reshoring ETF (RSHO) that focuses on industrials. “Some will call it deglobalization. We’re in the early innings,” Pot told CNBC’s “ETF Edge” this week. “At the heart of it is job creation, manufacturing

Saks Fifth Avenue store at the Waterside Shops.  John Greim | Lightrocket | Getty Images Saks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers. The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH, Neiman Marcus’

Employees work on the assembly line of electric vehicles in a digital automotive factory of Jiangling Motors on May 17, 2024.  Vcg | Visual China Group | Getty Images BEIJING — China hopes to reach an agreement with the European Union soon on the bloc’s planned tariffs for imported Chinese electric cars, the Ministry of

The drive-thru menu at a McDonald’s restaurant showing various meal options and promotions, in Buttonwillow in Kern County, California, on 23, 2024. Smith Collection | Gado | Archive Photos | Getty Images Searching for ways to lower labor costs, restaurants are hoping that artificial intelligence can take down drive-thru orders — but it will likely

Hong Kong Exchanges and Clearing celebrates the 24th anniversary of its listing on June 21, 2024. China News Service | China News Service | Getty Images BEIJING — The market for initial public offerings in Hong Kong is set to improve significantly over the next five years, starting in the second half of this year,

Manhattan is becoming a buyer’s market as apartment prices fell and inventory rose in the second quarter of 2024, according to new reports. The average real estate sales price in Manhattan fell 3% to just more than $2 million, according to a report from Douglas Elliman and Miller Samuel. The median price fell 2% to

Pictured here is a stone with tungsten ore inside a mine in Germany run by Saxony Minerals and Exploration. Picture Alliance | Picture Alliance | Getty Images BEIJING — China dominates the supply chain for many of the world’s critical minerals, but so far it’s held off on sweeping restrictions on at least one: tungsten.