Fed's Goolsbee sees 'golden path' to lower inflation without a recession
Goolsbee said he's confident inflation can be tamed without a recession, even with additional rate increases likely.
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Twitter's desktop app sees surge in outages as Meta's Threads takes off
Numerous users of Twitter's desktop app reported outages on Friday while rival Threads recorded 70 million sign-ups.
FDA approves Alzheimer’s drug Leqembi, paving way for broader Medicare coverage
Leqembi slowed cognitive decline in a clinical trial, but the treatment is expensive and carries serious risks of brain swelling and bleeding.
Meta's Twitter rival Threads explodes to 70 million signups one day after launch
The text-based social media product already has 70 million sign-ups, Meta CEO Mark Zuckerberg said on Friday.
Refile and wait? Pulse check on the quest for a spot bitcoin ETF
Recent attempts to launch a spot bitcoin ETF continue to be blocked by the SEC, but there are signs that the regulator is slowly embracing the funds.
Sales of Alzheimer’s drug Leqembi may be slow initially but could pick up in 2024
Analysts believe the Medicare registry requirement and new guidance on Leqembi's prescription label could potentially weigh on sales in the near term.
Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
Nonfarm payrolls were expected to increase by 240,000 and the unemployment rate to fall to 3.6% in June.
Special counsel Jack Smith spent $5.4 million on Trump probes through March
Jack Smith is leading investigations into Trump's alleged mishandling of classified documents and efforts to interfere with Biden's 2020 win.
'We are in uncharted territory': World records hottest day ever for the third time in just four days
The extraordinary feat comes shortly after the European Union's climate change service confirmed the planet observed its hottest June on record.
EV sales: Hyundai overtakes GM, but Tesla's U.S. dominance continues
Tesla, led by CEO Elon Musk, has grown its lead over the legacy automakers Hyundai and General Motors to roughly 300,000 vehicles.
Payrolls report Friday likely to show a jobs market that is still hot
The consensus estimate is that payrolls rose by another 240,000 in June and the unemployment rate is projected to nudge lower to 3.6%.
U.S. officials say risk of locally acquired malaria remains low as nationwide cases jump to seven
The CDC and health experts say the new locally acquired cases in Florida and Texas shouldn't warrant panic about widespread malaria transmission in the U.S.
Microsoft CFO Amy Hood warned employees not to 'build a gold toilet'
Microsoft was in fact working on a gold toilet, the CEO of gaming at Microsoft said in an email as the company was preparing to test cloud streaming.
Amazon CEO explains how the company will compete against Microsoft, Google in A.I. race
Amazon CEO Andy Jassy told CNBC the company has an edge in AI through its custom chips and services targeted for developers of large language models.
Yellen's visit to China is 'crucial' to U.S.-China engagement, professor says
Janet Yellen's visit to China is "crucial" to ensuring that both countries continue talking to each other, said Eswar Prasad of Cornell University.
JetBlue says it will end American Airlines partnership after losing DOJ antitrust case, will focus on Spirit
A federal judge ordered JetBlue and American to undo their partnership in the Northeast, ruling it violated antitrust law.
DeSantis rakes in $20 million in presidential campaign's first six weeks, rivaling Trump's haul
The DeSantis presidential campaign in a press release explicitly compared its haul to totals raised by former President Donald Trump's campaign.
Trump aide Walt Nauta pleads not guilty in classified documents case
Nauta's arraignment comes weeks after Trump pleaded not guilty to 37 criminal counts related to his alleged mishandling of classified documents.
EU regulators open antitrust probe into Amazon's $1.7 billion iRobot deal
The announced probe of Amazon's purchase of iRobot marks the latest regulatory hurdle for large tech companies as they seek to expand.
Mortgage rate soars to 7.22% after strong economic data
The average rate on the popular 30-year fixed mortgage hit 7.22%, according to Mortgage News Daily.
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