Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks at the SoftBank World event in Tokyo, Japan, on Wednesday, July 16, 2025. Speaking via teleconference, Son and OpenAI chief Sam Altman argued that advancing artificial intelligence would lead to new jobs that are not yet imagined, and the advancement of robotics will…
The U.S. Capitol is shown up North Capitol Street on Nov. 6, 2025 in Washington, DC. Eric Lee | Getty Images The Senate was on track Sunday night to pass a deal that could end the federal government shutdown, which began on Oct. 1. A person familiar with the deal told CNBC that enough Democratic…
Fed Governor Stephen Miran on Friday suggested that surging demand for dollar-denominated stablecoins could help push U.S. interest rates lower. In a speech delivered for an audience of economists in New York, the central bank official and appointee of President Donald Trump said the flood of crypto tokens pegged to the dollar could tamp down…
Jobseekers during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025. Lauren Petracca | Bloomberg | Getty Images Layoff announcements soared in October as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor…
The Federal Reserve on Wednesday approved its second straight interest rate cut, though Chair Jerome Powell rattled markets when he threw doubt on whether another reduction is coming in December. By a 10-2 vote, the central bank’s Federal Open Market Committee lowered its benchmark overnight borrowing rate to a range of 3.75%-4%. In addition to…
Private sector employers added an average 14,250 jobs per week over the past four weeks, according to new preliminary data being released by ADP, a turnaround from the negative September numbers. Stepping into the void created by the government shutdown, ADP will now release a four-week average weekly change in employment with a two-week lag…
The Federal Reserve is expected to lower interest rates by a quarter point at its meeting this week and could cut at the next two meetings as well, according to the October CNBC Fed Survey. But there were concerns among the 38 survey respondents, who include economists, strategists and fund managers, about the lack of…
Jasondoiy | E+ | Getty Images The Social Security cost-of-living adjustment will be 2.8% in 2026, the Social Security Administration said on Friday. Social Security retirement benefits will increase by about $56 per month on average starting in January, according to the agency. The COLA provides an annual adjustment to both Social Security and Supplemental…
Prices that people pay for a variety of goods and services rose less than expected in September, according to a Bureau of Labor Statistics report Friday that is the only official economic data allowed to be released during the government shutdown. The consumer price index showed a 0.3% increase on the month, putting the annual…
Americans’ views on the economy turned more negative in the third quarter with deepening concerns about jobs, inflation and the outlook, according to the CNBC All-America Economic Survey. Together with blame for the shutdown aimed at the president and congressional Republicans, those views dragged down President Donald Trump‘s net approval rating on the economy to…
