Airline stocks tumble as economic concerns overshadow travel surge
Inflation and recession concerns are pressuring airline shares despite a strong summer.
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In-demand teen workers are winning higher pay and more flexibility this summer
Thirty percent fewer teenage workers secured jobs in May than during the same month in 2021.
Environmental groups sue Biden to block 3,500 oil and gas drilling permits
The groups said the burning of fossil fuels from oil drilling is heating the planet and damaging imperiled species like Hawaiian songbirds and polar bears.
GOP Georgia Senate nominee Herschel Walker admits having 2 more 'secret' children — now says he has 4 kids
The Georgia Senate candidacy of Herschel Walker has been promoted by Donald Trump. Walker confirmed he has at least three kids out of wedlock.
Fed hikes its benchmark interest rate by 0.75 percentage point, the biggest increase since 1994
The Federal Open Market Committee released its decision on interest rates Wednesday, with markets expecting a three-quarter point hike.
U.S. safety agency says Tesla accounts for most driver-assist crashes, but warns data lacks context
Federal safety officials stressed that the data is not meant to portray whether one advanced driver-assist system is safer than another.
GM investing $81 million to hand build ultra-exclusive Cadillac Celestiq electric cars
The decision marks the first time GM will build a vehicle for commercial sales at its massive tech campus in Warren, Michigan.
Homebuilder sentiment drops to lowest level in two years as housing demand slows
Builder sentiment is getting hit by higher interest rates, which are causing a slowdown in housing demand.
Covid vaccines for kids under 5 move closer to FDA authorization after committee backs shots
The FDA will likely accept the recommendation and authorize the shots this week.
GOP Georgia Senate nominee Herschel Walker's campaign confirms he has a second son
Walker, an ex-NFL star running to unseat Democratic Sen. Raphael Warnock, has criticized fathers who don't raise their children.
Here's what the Federal Reserve's 0.75 percentage point rate hike — the highest in 28 years — means for you
The Fed announced its highest rate hike in 28 years to fight inflation. Here's how that impacts your credit card, mortgage, car loan, student debt and savings.
Dr. Anthony Fauci tests positive for Covid, is having mild symptoms
Dr. Anthony Fauci has not been in recent close contact with President Joe Biden. Fauci is the U.S. government's leader in coronavirus pandemic response.
Treasury yields fall after the Fed raises rates as expected
U.S. Treasury yields pulled back Wednesday even after the Federal Reserve raised rates as expected at the conclusion of their two-day policy meeting.
Spotify is slowing hiring by 25%, CEO says
It's the latest signal that companies across tech are cutting back on staff growth as economic uncertainty looms.
American Airlines CEO vows to improve pilot pay as wages at other carriers rise
American Airlines CEO Robert Isom told pilots that they "will not fall behind network peers."
Here's what changed in the new Fed statement
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on May 4.
Millionaires are raising cash on fears that the Fed can't tame inflation and stave off recession
Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and their personal wealth.
Musk says he's leaning toward voting for Florida Gov. Ron DeSantis for president
Musk also disclosed he voted Republican for the first time this week in a special election for a Texas congressional seat.
These could be the next hot food and drink trends
The Summer Fancy Food Show returned for the first time since 2019. It has gained a reputation for being the place to spot the next big flavors and foods.
Here's everything the Fed is expected to announce, including the biggest rate hike in 28 years
The Federal Reserve on Wednesday is expected to do something it hasn't done in 28 years — increase interest rates by three-quarters of a percentage point.
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