A customer visits a store at Togoshi Ginza shopping street in Tokyo on January 23, 2025. Philip Fong | Afp | Getty Images Japan’s inflation in January climbed 4% year on year, hitting its highest level since January 2023, further strengthening the case for rate hikes by the country’s central bank. The core inflation rate…
Meta CEO Mark Zuckerberg looks on before the luncheon on the inauguration day of U.S. President Donald Trump’s second Presidential term in Washington, U.S., Jan. 20, 2025. Evelyn Hockstein | Reuters Executives at Meta stand to get bigger bonuses this year. The company said in a corporate filing Thursday that it had approved “an increase…
Jack Dorsey, CEO of Square, speaks on stage at the Bitcoin 2021 Convention, a cryptocurrency conference held at the Mana Convention Center in Wynwood in Miami, Florida, on June 4, 2021. Joe Raedle | Getty Images Block reported fourth-quarter results on Thursday that fell short of Wall Street expectations. The stock dropped more than 7%…
New York City Mayor Eric Adams arrives for a court hearing at Thurgood Marshall U.S. Courthouse in New York City on Feb. 19, 2025. Eduardo Munoz Alvarez | Getty Images New York Gov. Kathy Hochul is set to announce Thursday afternoon that she will not remove embattled New York City Mayor Eric Adams from office…
OpenAI’s astounding growth rate potential is luring possible investors as questions loom over whether the startup will go public. “In terms of a multiple to pay for stock like ours, there’s incredible interest at the moment,” finance chief Sarah Friar told CNBC’s David Faber on Thursday. Its future growth potential has also enabled OpenAI to…
The Royal Caribbean cruise ship ‘Explorer of the Sea’. Getty Images Shares of cruise lines tumbled Thursday after Commerce Secretary Howard Lutnick suggested the Trump administration would crack down on taxes paid by the companies. “You ever see a cruise ship with an American flag on the back?” said Lutnick in an appearance on Fox…
President Donald Trump said his administration is going to audit the U.S. gold reserves kept at Fort Knox in Kentucky. “We’re going to go to Fort Knox, the fabled Fort Knox, to make sure the gold is there,” Trump said Wednesday on Air Force One. A drive to audit Fort Knox has gained steam from…
SpartanNash CEO Tony Sarsam gave CNBC’s Jim Cramer a read on the egg pricing landscape and explained how the grocery wholesalers and retail store operator tries to keep costs to customers down. “Eggs have been a little bit of a challenge the last two years,” Sarsam said. “It is a constant, constant effort to kind…
Signage at the Alibaba Group Holding Ltd. offices in Beijing, China, on Wednesday, March 29, 2023. Alibaba’s overhaul could serve as a template for a restructuring of China Tech itself: a shake-up that achieves Beijings aim of carving up the countrys tech titans while unlocking potentially billions of dollars in pent-up shareholder value. Bloomberg |…
A JetBlue plane takes off from Los Angeles International Airport (LAX) on Jan. 03, 2025 in Los Angeles, California. Mario Tama | Getty Images JetBlue Airways is talking with “multiple airlines” about a potential new partnership after federal judges struck down two previous deals, the carrier’s president said Wednesday. “If we find a deal that’s accretive, we’ll absolutely do it,” JetBlue’s president, Marty St. George,…
