News from the economy, politics and the financial markets
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Leon Black refuses to answer questions on NDAs at Jeffrey Epstein hearing, Rep. Comer says
"I knew Jekyll. I didn't know Hyde," Leon Black says about Jeffrey Epstein in his prepared statement to the House Oversight and Government Reform Committee.
4 of the best student loans for trade schools in 2026
For career training and trade school loans, consider these lenders that help cover the cost.
OpenAI is reportedly delaying its IPO. Here's when Kalshi traders think it will announce
Speculators think the OpenAI IPO will come early next year, with only one-in-three odds it happens in 2026 but a high likelihood it is done by June 2027.
Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%
President Donald Trump's economic advisors are giving Warsh space, as the new Fed chairman, on interest rates as the president repeats calls to cut.
Minneapolis Fed President Neel Kashkari says he expects a rate hike this year
Kashkari said he sees a hike likely this year as the economy continues to feel the hit from spiking inflation.
Ex-Trump advisor John Bolton pleads guilty to retaining national defense information
John Bolton is one of several foes of President Donald Trump who has been indicted since Trump regained the White House.
Jeremy Grantham says this is the most expensive market in 'American history'
Jeremy Grantham says soaring valuations around AI makes the U.S. stock market historically expensive.
Red Lobster's Ultimate Endless Shrimp promotion described as a 'car crash' for the company, lawsuit says
"Thai Union doubled down on a campaign to squeeze out every drop of value that it could," creditors said
Last chance: Earn up to 90,000 bonus points with these Southwest credit card offers
These Southwest cards provide several benefits that make earning a Companion Pass much easier.
CNBC's Most Valuable Sports Empires 2026: Here's how the world's top 20 stack up
The world's 20 most valuable sports ownership groups are worth a combined $269 billion, according to CNBC's Most Valuable Sports Empires 2026.
The brands winning with World Cup advertising may not be the sponsors
The World Cup winners and losers in advertising may be indicative of a broader trend of how people are responding to authentic branding.
One factor that may be partly behind the S&P 500's curious action this week
There were plenty of reasons for stocks to post a big move on Thursday, but the S&P 500 ended almost exactly where it closed Wednesday.
Polymarket annualized revenue surpasses $1 billion six weeks after its U.S. exchange launch
World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket's prediction market platform.
Volkswagen plans to cut 15% of its workforce and close four German plants, report says
Auto giant Volkswagen is reportedly planning to cut 100,000 jobs and end production at four German plants over the coming years.
Nasaq futures fall as tech-sell off spreads to Europe and Asia: Live updates
The technology-dominant Nasdaq Composite and broad S&P 500 index are both on pace to end the trading week in the red.
Binance to stop providing services to European clients after failing to obtain license: Financial Times
All crypto companies have to obtain a license under the bloc's Markets in Crypto-Assets Regulation by July 1, or risk penalties.
U.S.-Iran peace deal grants access to Tehran's nuclear sites, UN watchdog says
"The technical work has started, and we hope to be there soon," IAEA chief Rafael Grossi said at a news conference in Japan on Friday.
NBA targets Asian resurgence with technology and talent push
Southeast Asia has emerged as one of the NBA's fastest-growing markets for fan engagement, making the region a focal point for both player development and business expansion.
Goldman says private credit may invest a lot of 'dry powder' in this sector
Private credit may use its sizable amount of "dry powder" to combat potential financing market dislocations in this sector, according to Goldman Sachs.
Oil slides 2% as markets look past fresh Iran tensions and focus on supply outlook
Oil extended declines on Friday, with markets focused any further breakthroughs in the Middle East conflict, while digesting a flurry of news from the region.
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