Vessels in the Strait of Hormuz near the beach of Bandar Abbas, Iran, June 11, 2026. Amirhosein Khorgooi/isna | Via Reuters The International Maritime Organization has paused its efforts aimed at evacuating ships and seafarers stranded inside the Middle East Gulf after a vessel was attacked in the Gulf of Oman. The pause follows a…
A person holds a sign reading “Save Our Social Security” during a rally against President Donald Trump’s tax plan, near the U.S. Capitol in Washington, D.C. on April 10, 2025. Bryan Dozier | Afp | Getty Images Washington lawmakers have a new deadline by when to fix Social Security‘s retirement trust fund, based on a…
Julia Pentasuglio, a student at Loyola University and managing editor of The Loyola Phoenix newspaper, types on her laptop at the university newsroom in downtown Chicago, Illinois, Nov. 11, 2025. Carlos Barria | Reuters A federal judge temporarily blocked a new Trump administration rule that limits how much certain graduate students can borrow based on…
Key Points Rafael Nadal says he’s moved on with the next chapter of his life after retiring from tennis in 2024. A documentary about Nadal’s life, “Rafa,” debuted on Netflix on May 29. Nadal said he won’t rule out coaching down the road, but said it’s not in his near-term plans. Rafael Nadal won’t be…
2027 GMC Sierra 1500 AT4X (left) and Denali Ultimate models Courtesy GMC DETROIT – General Motors revealed its 2027 GMC Sierra 1500 pickup truck lineup on Thursday with new V-8 engine options and redesigned interior and exterior styling. The new GMC trucks are crucial to the automaker’s sales and earnings, especially the highly profitable Denali…
Filippobacci | E+ | Getty Images Luxury spending is expected to rebound this year, driven mainly by experiences rather than luxury goods, according to a new study. After two years of declines, luxury goods sales are expected to grow between 1% and 4% in 2026, according to a report from Bain & Co. and Altagamma….
Violetastoimenova | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Donors gave an estimated $617.2 billion to U.S. charities last year, up 5.7% from the year prior…
The Federal Reserve’s primary price gauge rose at its highest level since 2023, reinforcing the central bank’s recent tough talk on inflation. Excluding food and energy, the personal consumption expenditures price index showed a 3.4% annual rate after rising 0.3% for the month, both in line with Dow Jones consensus. The core reading was the…
Co-CEOs of Commercial & Investment Bank at JPMorganChase, Troy Rohrbaugh and Douglas Petno. Courtesy: JPMorganChase JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon‘s long-running succession planning while announcing the retirement of one of Dimon”s most prominent potential successors. Doug Petno…
An Olive Garden restaurant in Milpitas, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as same-store sales growth at the company’s fine-dining restaurants and Olive Garden fell short of expectations. The company’s forecast for its fiscal 2027 earnings and revenue…