The New York Stock Exchange on Aug. 26, 2025. Brendan McDermid | Reuters The August jobs report on Friday is expected to confirm the labor market is weakening. Just by how much is what will matter to investors. It can’t be too slow, nor can it be too hot. Wall Street is on edge heading…
An under-the-radar part of Honeywell’s sprawling portfolio is inching closer to getting its day in the sun. Honeywell announced Thursday that its quantum computing company, Quantinuum, has raised another $600 million in funding at an approximately $10 billion valuation. The latest round, which doubles Quantinuum’s valuation of $ 5 billion last seen in January 2024…
Las Vegas is launching a new campaign to boost tourism after a significant summer slump. The new campaign, “Welcome to Fabulous Las Vegas,” will focus on value for visitors and offer promotions and other incentives at the destination. The city has seen visitation decline for seven consecutive months, with the most recent report from July…
Gold prices could crack $4,000 per ounce by mid-2026 in response to President Donald Trump’s threats against the independence of the Federal Reserve, Goldman Sachs analysts told clients this week. Damage to the Fed’s independence would result in higher inflation, lower stock and long-dated bond prices, and an erosion of the U.S. dollar’s status as…
Paramount Pictures studio lot at 5555 Melrose Ave. on Wednesday, June 5, 2024 in Hollywood, CA. Brian Van Der Brug | Los Angeles Times | Getty Images 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…
Stephen Miran, currently the Chairman of the Council of Economic Advisors, testifies before the Senate Banking, Housing and Urban Affairs Committee September 4, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images Stephen Miran will take an unpaid leave of absence as the chair of the Council of Economic Advisors at the White…
Ford’s redesigned three-row Expedition SUV is seeing explosive growth. The Detroit automaker reported Wednesday that it sold 8,724 Expeditions in August, up 53.7% from the same time last year and marking its best sales in 21 years. It’s sold 61,022 of the vehicles so far this year, a 13.1% increase from the same period in…
Check out the companies making the biggest moves midday: PayPal — The payments stock fell more than 2% after Chief Financial Officer Jamie Miller said the company still has “a lot more work to do” to achieve profitable growth. She added that she’s “encouraged by a lot of the different elements of what we’re seeing.”…
GM Chair and CEO Mary Barra addresses investors Oct. 6, 2021 at the GM Tech Center in Warren, Michigan. Photo by Steve Fecht for General Motors General Motors is cutting output at one of its main electric-vehicle factories, the latest automaker to pull back on EVs as U.S. President Donald Trump’s administration yanks federal support…
DraftKings CEO Jason Robins has never been more enthusiastic about the kickoff to the NFL — sports betting’s biggest season. It’s second only to the Super Bowl in terms of importance for acquiring customers and growing the overall betting pool, Robins told CNBC at the Bank of America Gaming and Lodging Conference. “The numbers just…
