Meta’s 5-gigawatt “Hyperion” data center under construction in Richland Parish, Louisiana, on January 9, 2026. Meta The popular narrative that artificial intelligence is the engine keeping the U.S. economy alive appears to be overstated, according to recent analyses. The AI boom has reshaped market valuations, driven large investments and record bond issuance to finance data…
Elon Musk’s pay package of up to $1 trillion highlights the continued escalation in CEO compensation, even as worker pay slows and rewards to shareholders remain mixed, according to several studies. Already, Musk is the richest person on the planet with a net worth that tops $660 billion, according to Bloomberg. Musk saw his…
Oil prices rose Friday as President Donald Trump‘s renewed threats against Iran raise concerns about supply disruptions. Iran is not a major oil producer. The country pumps about 3.4 million barrels per day, according to Kpler. That number pales in comparison with the U.S. and Saudi Arabia, which pump about 13.5 million barrels per day…
Airplanes on the tarmac during a snow storm at Ronald Reagan Washington National Airport in Arlington, Virginia, US, on Monday, Jan. 6, 2025. Ting Shen | Bloomberg | Getty Images Airlines canceled more than 1,300 flights scheduled for Friday as a massive winter storm sweeps across the U.S. with heavy snow and sleet in the…
DAVOS, SWITZERLAND – JANUARY 20: Canadian Prime Minister Mark Carney delivers a speech at the World Economic Forum Annual Meeting held in Davos, Switzerland on January 20, 2026. Anadolu | Getty Images U.S. President Donald Trump withdrew the invitation to Canada to join his “Board of Peace,” days after Prime Minister Mark Carney’s address in…
U.S. President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, Jan. 21, 2026. Jonathan Ernst | Reuters President Donald Trump on Wednesday said he and NATO Secretary General Mark Rutte have “formed the framework of a future deal with respect to Greenland.”…
A startup widely known as “ChatGPT for doctors” raised a new funding round that values the company at $12 billion. OpenEvidence, based in Miami, Florida, closed a $250 million financing, led by Thrive Capital and DST, the company told CNBC. The startup first raised outside capital in February, when it reeled in $75 million from…
A giant screen shows a news report on China’s “Justice Mission 2025” military drills around Taiwan, in Beijing, China Dec. 30, 2025. Tingshu Wang | Reuters China has doubled down on its criticism of the trade deal between Taiwan and the U.S. agreed last week, warning that it would benefit Washington while eroding the island’s…
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled…
After months of speculation and political intrigue, President Donald Trump is close to nominating the next chair of the Federal Reserve, Treasury Secretary Scott Bessent said Tuesday. The president has whittled down the field to four candidates to succeed current Chair Jerome Powell and a decision is forthcoming, Bessent told CNBC during an interview at…
