Shoppers at the Glendale Galleria in Glendale, Calif., on Dec. 20, 2025, the final weekend of Christmas gift buying. Myung J. Chun | Los Angeles Times | Getty Images U.S. consumers showed resilience this holiday season, driving retail spending up 4.2% year over year, according to preliminary data released Tuesday by Visa. The report from…
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch One of the City’s most prominent investment bankers recently spelled out to me the challenges, as he saw them, faced by the U.K. economy. He argued that, as a country, Britain does not…
Video Details Check out the thrilling recap of the Second Round at LIV Golf Chicago, where top players including Joaquin Niemann, Jon Rahm, Bryson DeChambeau, Brooks Koepka, Phil Mickelson, and more battled it out. 7 MINS AGO・LIV Golf・56:52 <
A passenger checks a board displaying cancelled and delayed flights at Ronald Reagan Washington National Airport in Arlington, Virginia on November 10, 2025. Andrew Caballero-reynolds | Afp | Getty Images President Donald Trump’s administration said on Friday it was formally withdrawing a plan by his predecessor to require airlines to pay passengers cash compensation when…
San Francisco Mayor Daniel Lurie speaks during a press conference at San Francisco City Hall on Oct. 23, 2025 in San Francisco, California. Justin Sullivan | Getty Images San Francisco Mayor Daniel Lurie, who was recently thrust into a national debate about the safety of big cities, told CNBC on Thursday that he feels “pressure…
A cooling tower is seen at the nuclear-powered Vogtle Electric Generating Plant in Waynesboro, Georgia, U.S. August 13, 2024. Megan Varner | Reuters Odds that the U.S. and Iran reach a nuclear deal at some point in 2026 jumped on prediction markets platform Kalshi after an Axios report on Wednesday that the two countries were…
Property taxes aren’t usually the biggest part of a monthly housing bill, but they’ve become a growing strain on household budgets. Homeowners are paying 27.4% more in property taxes than they did in 2019, CoreLogic data from 2024 shows. That may help explain why 67% of homeowners who budgeted for taxes said their bill came…
Year-end is quickly approaching, meaning one thing on Wall Street: Strategists will be racing to put out their 2026 stock market outlooks. Some shops have already indicated what they expect will happen next year. Morgan Stanley, for instance, expects the S & P 500 to reach 7,800 over the next 12 months. That’s almost 16%…
Amazon CEO Andy Jassy said the rapid rollout of generative artificial intelligence means the company will one day require fewer employees to do some of the work that computers can handle. “Like with every technical transformation, there will be fewer people doing some of the jobs that the technology actually starts to automate,” Jassy told…
Signage outside Applied Materials headquarters in Santa Clara, California, U.S., on Thursday, May 13, 2021. David Paul Morris | Bloomberg | Getty Images Chip equipment manufacturer Applied Materials is laying off 4% of its workforce. The company on Thursday began notifying impacted employees around the world “across all levels and groups,” it said in a…
