Kevin Warsh made his case for becoming chairman of the Federal Reserve at a hearing before the Senate Banking Committee on Tuesday. A change in Fed leadership could have far-reaching consequences for consumers’ borrowing costs, experts say. The Fed chair nominee — and President Donald Trump’s pick to replace current Chair Jerome Powell — spoke to…
Rivian founder and CEO RJ Scaringe on April 22, 2026 drives the first customer-ready electric R2 SUV off the assembly line at the company’s plant in Normal, Illinois. Courtesy Rivian Rivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois. The start…
A Department of Education sign is displayed outside of their federal student aid office on May 18, 2025 in Washington, DC. Kevin Carter | Getty Images The U.S. Department of Education is providing conflicting information about the upcoming federal student loan borrowing limits that will take effect this summer, according to The National Association of…
Thomas Trkla, chairman and and chief executive officer of Yesway Inc., during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, US, on Wednesday, April 22, 2026. Michael Nagle | Bloomberg | Getty Images Deep-fried burritos and chimichangas from convenience store chain Allsup’s are helping its parent company Yesway steal customers…
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. Life…
The Trump administration is in advanced talks for a financing package for Spirit Airlines as the carrier is facing the risk of a liquidation, according to a person familiar with the matter. The iconic discounter Spirit has been challenged for years by rising costs, changing consumer tastes, an engine recall and a court-blocked plan to…
Maskot | Maskot | Getty Images With more college students turning to social media to find scholarships, consumer advocates warn that they could run into trouble. Around 1 in 5 Gen Z students search for scholarships on TikTok at least once a week, according to a recent survey from the private student lender Sallie. Roughly…
Boeing reported a smaller than expected loss for the first quarter, with improvements across its businesses, including its key commercial aircraft unit, as the manufacturer tries to stem years of losses. Here’s how Boeing performed in the first quarter, compared with analysts’ estimates compiled by LSEG: Loss per share: 20 cents adjusted vs. a loss of 83…
US President Donald Trump speaks during the NCAA Collegiate National Champions Day event at the White House in Washington, DC, on April 21, 2026. Brendan Smialowski | AFP | Getty Images Donald Trump’s announcement that the ceasefire with Iran would continue for talks damped anxiety that the U.S. was about to resume strikes, but investors…
A Best Buy logo is displayed outside one of their stores on October 10, 2025 in San Diego, California. Kevin Carter | Getty Images Best Buy said Wednesday that company veteran Jason Bonfig will succeed Corie Barry as the retailer’s CEO on Oct. 31, taking over as Best Buy tries to break a run of…