Bitcoin briefly dropped below $70,000 on Thursday amid a broader sell-off of risk assets. The move, which happened around 6:27 a.m. ET, was the first time bitcoin fell below $70,000 since November 2024. Bitcoin bounced off that low and was trading at around 70,453.68 at 6:40 a.m. ET, according to CoinMetrics data. Some market watchers…
A modified Tesla Model X drives in the tunnel entrance before an unveiling event for the Boring Co. Hawthorne test tunnel in Hawthorne, California, December 18, 2018. Robyn Beck | Pool | Reuters When Elon Musk’s Boring Company announced plans in July to build 20 miles of tunnels in Nashville to carry passengers to and from downtown…
President Donald Trump speaks at the Detroit Economic Club in Detroit, Jan. 13, 2026. Evelyn Hockstein | Reuters As the Justice Department continues its investigation into the Federal Reserve, the next front in the central bank’s quest to maintain political independence shifts to the Supreme Court. On Jan. 21, the high court will hear arguments…
HAIKOU, CHINA – JANUARY 01: Customers shop at CDF Haikou International Duty Free City on January 1, 2026 in Haikou, Hainan Province of China. Luo Yunfei | China News Service | Getty Images China’s consumer inflation accelerated in December to the fastest pace in nearly three years as spending picked up ahead of the New…
Waymo is bringing its robotaxis chicago And charlotte The company said Wednesday as part of its effort to continue expanding autonomous vehicles. Starting today, Waymo will begin manual mapping and initial data collection to lay the groundwork for operations in those cities. Waymo typically enters a new city by conducting months of manual driving and…
This story is part of CNBC Make It’s Millennial Money series, which examines how people earn, spend and save their money. Nabeel Khan knew he wanted to be an entrepreneur early in life. In high school, Khan hired “12 of the smartest kids I could find,” he says, and co-founded an AP tutoring company. They…
Oil prices fell Tuesday after Iran’s foreign minister said progress was made during nuclear talks with the U.S., fueling hopes that negotiations could prevent another conflict in the Middle East. U.S. crude oil fell 56 cents, or 0.89%, to close at $62.33 per barrel. Global benchmark Brent lost $1.23, or 1.79%, to settle at $67.42….
A Federal Reserve split over where its priorities should lie cut its key interest rate Wednesday, but signaled a tougher road ahead for further reductions. Fulfilling expectations of a “hawkish cut,” the central bank’s Federal Open Market Committee lowered its key overnight borrowing rate by a quarter percentage point, putting it in a range between…
Sopa Images | Lightrocket | Getty Images Reddit, the popular community-focused forum, has launched a legal challenge against Australia’s social media ban for teens under 16, arguing that the newly enacted law is ineffective and goes too far by restricting political discussion online. In its application to Australia’s High Court, the social news and aggregation platform…
Los Angeles Mayor Karen Bass left on Tuesday after President Trump, which he called the attacks “nonsense”. During a cabinet meeting on Tuesday, Trump criticized the handling of the California village Gavin Newsome and the wildfire of Bass, which was hitting parts of Los Angeles earlier this year. “I think they are disabled, well, to…
