The biggest risk to the U.S. economy right now could actually be a stock market correction, according to Goldman Sachs. The firm’s U.S. economist Pierfrancesco Mei is largely sanguine on the U.S. economy in 2026, forecasting it will expand by 2.5% on a year-over-year basis in the fourth quarter. That’s largely thanks to a favorable…
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines is gearing up to shrink to a tiny version of its former self in an attempt to survive, according to a…
Check out the companies making headlines before the bell: Advanced Micro Devices — The semiconductor maker rose about 11% after it inked a multiyear deal with Meta to lend up to 6 gigawatts of its graphics processing units to artificial intelligence data centers. The cost of the deal is unclear, but the companies’ agreement includes…
In a 1997 photo, Jeffrey Epstein, left, and Donald Trump pose together at the Mar-a-Lago estate in Palm Beach, Florida. Davidoff Studios Photography | Archive Photos | Getty Images The Department of Justice “appears to have illegally withheld FBI interviews” with a survivor of sex predator Jeffrey Epstein, who had also accused President Donald Trump…
FILE: Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, May 1, 2018. Patrick T. Fallon | Bloomberg | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide…
Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloane | Bloomberg | Getty Images Chicago Federal Reserve President Austan Goolsbee said Tuesday that interest rate cuts aren’t…
US President Donald Trump speaks during the Angel Families Remembrance Ceremony in the East Room of the White House in Washington, DC, on February 23, 2026. Saul Loeb | Afp | Getty Images U.S. President Donald Trump’s new blanket tariffs came into force on Tuesday — but investors appear to be shrugging the changes off,…
Key Points Texas is about to unseat Virginia as the world’s largest data market, according to a new report from JLL. Data center vacancies at the end of 2025 remained at a historic low of 1% for the second year in a row. The demand is now being driven by hyperscalers and AI, and headwinds…
The logo of pharmaceutical company Novo Nordisk is displayed in front of its offices in Bagsvaerd, Copenhagen, Denmark, Feb. 4, 2026. Tom Little | Reuters Novo Nordisk on Tuesday said it plans to slash the monthly list prices of its popular obesity and diabetes drugs in the U.S. by up to 50% starting in 2027,…
John Collison, president and co-founder of Stripe. Christophe Morin | IP3 | Getty Images Fintech startup Stripe is now valued at $159 billion after a secondary stock sale for employees and shareholders, the company announced Tuesday. The valuation shows blistering growth from a year ago, when it was valued at $91.5 billion. Stripe’s valuation nearly…
