News

Wage growth is doing something odd in 2025 — the last time it happened was around the Great Recession

Job "switchers" generally see wages grow at a faster pace than those who stay in their current role. However, that trend has reversed.

Former Walmart U.S. CEO Bill Simon questions stock drop: 'It was about as good of a quarter as any retailer could have in any environment'

Walmart lifted its full-year sales and earnings forecast, but the stock still slid 4.5%. The big-box retailer ended Thursday as the Dow's biggest loser.

Household robots are about to get a big price cut — if China’s top 'robovac' player has its way

In an exclusive interview with CNBC, Quan Gang, president of China's Roborock, said human-like robots will become part of many households by 2030.

Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here's what Wall Street expects

Powell is set to deliver what almost certainly will be his last keynote address at the central bank's annual conclave.

Trump immigration policy may be shrinking labor force, economists say

If a reduction in the immigrant labor force is sustained, it would likely pose problems for the U.S. economy, some economists said.

Kansas City Fed's Schmid shows hesitation about widely expected September rate cut

The policymaker pushed back on market pricing that points strongly to the FOMC lowering its key borrowing rate next month.

Divided Fed worried about tariffs, inflation and the labor market, minutes show

Fed officials worried at their July meeting about the state of the labor market and inflation, though most agreed it was too soon to cut rates, minutes showed.

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

In an open letter, several major crypto firms said the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era."

Bessent says interviews for 'incredible group' of potential Fed chairs will start after Labor Day

In a CNBC interview, Bessent confirmed the race to replace current Chair Jerome Powell is between 11 candidates.

China's EV industry is spending more on factories abroad than at home for the first time

For the first time on record, the Chinese electric car supply chain last year invested more overseas than domestically, according to Rhodium Group.

'Job hugging' has replaced job hopping, consultants say

Workers are clinging to their jobs as they sour on their prospects in the labor market.

When 'invest like the 1%' fails: How Yieldstreet's real estate bets left customers with massive losses

Customers of the private markets startup Yieldstreet said they face huge losses on real estate investments that turned out to be far riskier than they thought.
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