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Economy

Mortgage rates see biggest one-day drop in over a year

September 6, 2025

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report. It’s the lowest rate since Oct. 3 and the biggest one-day drop since August 2024. Rates are finally breaking out of the high 6% range, where […]

Economy

Trump family’s American Bitcoin makes stock market debut

September 5, 2025

Shares in the Trump family’s latest cryptocurrency made its stock market debut Wednesday, triggering more ethical concerns as the Trumps look to cash in on crypto as the president’s administration weakens regulations for the nascent industry. American Bitcoin, a firm co-founded this spring by Eric Trump, the president’s son, saw its share price climb as […]

Economy

Apple has survived Trump’s tariffs so far. It might raise iPhone prices anyway.

September 5, 2025

When Tim Cook gifted President Donald Trump a gold and glass plaque last month, the Apple CEO was hailed by Wall Street for his job managing the iPhone-maker’s relationship with the White House. Cook, Wall Street commentators said, had largely navigated the threat of tariffs on Apple’s business successfully by offering Trump an additional $100 […]

Economy

Paramount mandates 5-day-a-week return to office ahead of major cost cuts

September 5, 2025

David Ellison continues to put his stamp on Paramount after its acquisition by Skydance. The CEO and chairman told employees Thursday that they will be expected to work in the office five days a week starting Jan. 5, 2026, according to a memo obtained by CNBC. Employees who do not wish to make the transition […]

Economy

Amazon cracks down on Prime free shipping sharing

September 4, 2025

Amazon is eliminating a program that allows members of its Prime subscription program to share free shipping benefits with people outside their household. The company began notifying users in recent days that it plans to end the Prime Invitee Program on Oct. 1, according to a notice viewed by CNBC. “We are writing to inform […]

Economy

Crash victims’ families prepare to make what could be their final plea for Boeing’s prosecution

September 4, 2025

Families who lost loved ones in two crashes of Boeing 737 Max jetliners may get their last chance to demand the company face criminal prosecution Wednesday. That’s when a federal judge in Texas is set to hear arguments on a U.S. government motion to dismiss a felony charge against Boeing. U.S. prosecutors charged Boeing with […]

Economy

Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

September 4, 2025

The Walt Disney Company will pay $10 million to settle Federal Trade Commission allegations that it enabled the unlawful collection of children’s personal data on YouTube. The FTC claimed the company allowed data to be collected from kids who viewed videos directed at children on YouTube without notifying parents or obtaining their consent. The complaint […]

Economy

Kraft Heinz to split into two companies

September 3, 2025

Kraft Heinz will split into two companies, reversing much of the blockbuster $46 billion merger from a decade ago that created one of the biggest food companies in the world. The first of the two new companies, which are not yet named, will primarily include shelf-stable meals and will be home to brands such as […]

Economy

U.S. judge orders Google to share search data with competitors

September 3, 2025

Alphabet’s Google must share data with rivals to open up competition in online search, a judge in Washington ruled on Tuesday, while rejecting prosecutors’ bid to make the internet giant sell off its popular Chrome browser and Android operating system. Google CEO Sundar Pichai expressed concerns at trial in the case in April that the […]

Economy

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

September 2, 2025

A new push by states to tax the real estate of the wealthy has sparked a backlash among brokers and potential buyers, who say the taxes punish the most important local spenders. From tax hikes on pricey second homes in Rhode Island and Montana to Cape Cod’s proposed transfer tax on homes over $2 million […]

Economy

Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

August 30, 2025

It’s been a busy week for Cracker Barrel Old Country Store’s marketing team. The restaurant chain announced a rebrand and new logo last week, faced widespread criticism from social media users, including President Donald Trump, and proceeded to walk back its plan to change the logo. In that span of time, the company lost and […]

Economy

Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

August 30, 2025

The de minimis exemption, an obscure trade law provision that has simultaneously fueled and eroded businesses across the globe, officially came to an end on Friday following an executive order by President Donald Trump. For nearly a decade, shipments valued under $800 were allowed to enter the country virtually duty free and with less oversight. […]

Economy

Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

August 30, 2025

Spirit Airlines on Friday filed for bankruptcy protection, just months after the budget carrier failed to secure better financial footing when it came out of Chapter 11 protection in March. The Dania Beach, Florida-based airline said under this bankruptcy, it will reduce its network and shrink its fleet, cuts that it said will reduce costs […]

Economy

Lego hits record revenue in first half of 2025, boosted by brick flowers and cars

August 29, 2025

Flowers, succulents and Formula One race cars helped fuel a 12% revenue bump for Lego during the first half of the year. The company reported a record 34.6 billion Danish kroner, or $5.4 billion, in revenue as part of its biannual earnings report on Wednesday. Operating profit rose 10% year over year to 9 billion […]

Economy

AI detects sound of frog species threatened in Southern California

August 29, 2025

THE SANTA ROSA PLATEAU ECOLOGICAL RESERVE, Calif. — The scientist traipses to a pond wearing rubber boots but he doesn’t enter the water. Instead, Brad Hollingsworth squats next to its swampy edge and retrieves a recording device the size of a deck of cards. He then opens it up and removes a tiny memory card […]

Browse category by Economy

Mortgage rates see biggest one-day drop in over a year

Trump family’s American Bitcoin makes stock market debut

Apple has survived Trump’s tariffs so far. It might raise iPhone prices anyway.

Paramount mandates 5-day-a-week return to office ahead of major cost cuts

Amazon cracks down on Prime free shipping sharing

Crash victims’ families prepare to make what could be their final plea for Boeing’s prosecution

Disney to pay $10 million to settle FTC complaint over collection of children’s data on YouTube

Kraft Heinz to split into two companies

U.S. judge orders Google to share search data with competitors

Rhode Island’s ‘Taylor Swift Tax’ on vacation homes of the wealthy is spreading to other states

Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

Lego hits record revenue in first half of 2025, boosted by brick flowers and cars

AI detects sound of frog species threatened in Southern California

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