The jobs report for October came in much weaker than expected, and employment growth across different industries painted a mixed picture for the U.S. economy. The biggest contribution last month came from health care and social assistance, with 51,300 new positions added in that area, per data from the Bureau of Labor Statistics. If private…
Bill Gates is constantly asked for his thoughts on big topics like artificial intelligence, climate change and pandemics. But there are other topics the Microsoft co-founder and billionaire philanthropist finds just as interesting and important — and he’s “surprised” more people aren’t asking about them. “When I first said, ‘What do kids die of?’ I…
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2024. David A. Grogen | CNBC Berkshire Hathaway‘s monstrous cash pile topped $300 billion in the third quarter as Warren Buffett continued his stock-selling spree and held back from repurchasing shares. The Omaha-based conglomerate saw its…
Kamala Harris credits her ability to power through 90-hour workweeks, at least partially, to her consistent morning routine. Harris, the current U.S. vice president and Democratic nominee for president, kicks off each day with two staples: a balanced breakfast and a workout, she told ex-NFL star Shannon Sharpe’s “Club Shay Shay” podcast on Monday. “I’m…
Xavierarnau | E+ | Getty Images Some investors can deduct pretax IRA contributions, depending on their income and whether they or a spouse have access to a workplace retirement plan. The IRS announcement also increased the phase-out ranges for IRA deductibility in 2025. Don’t miss these insights from CNBC PRO
Peopl walk outside Steve Jobs Theater at the Apple Park campus before Apple’s “It’s Glowtime” event in Cupertino, California, on Sept. 9, 2024. Nic Coury | AFP | Getty Images Apple will buy Pixelmator, the creator of image editing apps for Apple’s iPhone and Mac platforms, Pixelmator announced Friday in a blog post. Pixelmator, a…
Salesforce CEO Marc Benioff attends the TIME100 Gala at Jazz at Lincoln Center in New York on April 26, 2023. Dimitrios Kambouris | Getty Images Greek media company the Antenna Group is in talks to acquire fellow media company Time from Salesforce co-founder Marc Benioff, according to people familiar with the matter. No deal is…
The Dominion coal burning power plant is seen in Saint Paul, Virginia, on Feb. 7, 2023. Mike Belleme | The Washington Post | Getty Images Dominion Energy is talking with other tech companies about developing small modular nuclear reactors, after the Virginia utility entered into an agreement with Amazon last month to look at advancing…
The yield on the 10-year Treasury rose as traders downplayed October jobs data showing meager job growth that was hurt by hurricanes and striking workers, and was far below what Wall Street was expecting. The 10-year Treasury yield jumped nearly 10 basis points at 4.382%. The 2-year Treasury yield was higher by 5 basis points…
Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The…
