CO2 growth rates have now tripled since the 1960s, and reached levels not seen in at least 800,000 years

Heat-trapping carbon dioxide in Earth’s atmosphere increased by the largest amount ever recorded last year, reaching levels not seen at any point in human civilization and drastically accelerating climate change, the United Nations weather agency reported Wednesday. In its annual greenhouse gas bulletin released ahead of the U.N.

There have been more than 170,000 layoffs this month

For example, United Parcel Service announced on Oct. 28 that it has reduced its workforce by 48,000 employees so far this year, with the majority of cuts coming from its operational staff. According to UPS’s 8-K filing, roughly 34,000 operational roles, including driver positions, were eliminated as

The Federal Reserve says it will end quantitative tightening, thus stop shrinking its balance sheet, by December first

The Federal Reserve lowered interest rates by a quarter point on Wednesday, marking its second rate cut in a row as policymakers attempt to stabilize a softening labor market. A month-long federal government shutdown has made assessing the economy more difficult. The move — widely anticipated on Wall Street — brings the

The Federal Reserve has cut rates by 25 BPS

The Federal Reserve lowered interest rates by a quarter point on Wednesday, marking its second rate cut in a row as policymakers attempt to stabilize a softening labor market. A month-long federal government shutdown has made assessing the economy more difficult. The move — widely anticipated on Wall Street — brings the

OpenAI is now a For Profit, public benefit corporation

OpenAI has finalized a recapitalization that restructures the organization by separating its AI research arm into a for-profit company owned by a non-profit foundation. The non-profit is now formally called the OpenAI Foundation, which retains control of the for-profit business — restructured as OpenAI Group, a public benefit corporation — according to

Trump floats Treasury secretary Scott Bessent as new Fed chair

Donald Trump said he is “considering” Scott Bessent as the next chair of the Federal Reserve, despite Bessent having previously ruled himself out of the running and being the one leading the search for Jay Powell’s successor. During a trip to Japan on Tuesday, Trump told business leaders in

73% of Americans think it’s a bad time to buy a house

A growing wave of economic pessimism is spreading across the United States. New survey results from Fannie Mae show that nearly 70% of Americans believe the economy is moving in the wrong direction, and an even larger share—73%—say now is a bad time to buy a home. The

UPS announced that it has eliminated roughly 14,000 management roles so far in 2025

United Parcel Service announced on Oct. 28 that it has reduced its workforce by 48,000 employees so far this year, with the majority of cuts coming from its operational staff. According to UPS’s 8-K filing, roughly 34,000 operational roles, including driver positions, were eliminated as part of

Ireland plans to make a $1,500 a month basic income for artists permanent

Ireland will make its basic income program for artists a permanent initiative beginning in 2026, following the conclusion of its multi-year trial. Under the plan, eligible artists will receive weekly payments of about $375—roughly $1,500 per month. The program will open 2,000 slots, with applications expected to

Trump said he could serve a third term in 2028 by first running as vice president and then assuming office if the sitting president were to step down

Donald Trump said Monday that he would not run for vice president in the 2028 election — an idea some supporters have floated as a workaround to let him serve a third term in the White House. Speaking to reporters aboard Air Force One on a flight from Kuala Lumpur, Malaysia,

SNAP funding expiration set to hit 40 million people

More than 40 million low-income Americans who rely on food assistance could soon receive reduced aid — or no aid at all — toward grocery expenses. The U.S. Department of Agriculture (USDA) is warning that it may withhold billions of dollars in Supplemental Nutrition Assistance Program (SNAP) contingency funding — money already

Trump says there will be ‘so much critical mineral and rare earth that you won’t know what to do with them'

Donald Trump and Australian Prime Minister Anthony Albanese have signed a new agreement aimed at achieving “critical mineral and energy dominance,” pledging billions of dollars toward mining and processing projects across the United States and Australia. Under the newly established Critical Minerals Framework, mining companies will be eligible to apply

Steve Bannon: Trump is gonna get a third term

Former White House strategist and MAGA podcast host Steve Bannon suggested in a recent interview that there is a plan for President Donald Trump to attempt to remain in office beyond the two-term limit set by the U.S. Constitution. “Trump is going to be president in ’28, and people

Zelle will allow users to start making international payments using stablecoins

Zelle will soon allow users to send money overseas using cryptocurrency, marking the first time the bank-owned payment network extends its reach beyond U.S. borders. “The effort marks an important step in expanding the reach of Zelle globally by leveraging stablecoins,” the company said Friday in a statement, referring

hina will make “substantial” purchases of US soybeans

The United States and China have reached an initial framework for a potential trade agreement that will be discussed when their leaders meet later this week, U.S. Treasury Secretary Scott Bessent said. Speaking to CBS, the BBC’s U.S. news partner, Bessent said the framework includes a “final

China’s Vice Minister of Commerce Li Chenggang has stated that China and the United States have reached a consensus on major trade issues following “frank and constructive” discussions

The United States and China have reached an initial framework for a potential trade agreement that will be discussed when their leaders meet later this week, U.S. Treasury Secretary Scott Bessent said. Speaking to CBS, the BBC’s U.S. news partner, Bessent said the framework includes a “final

Elon Musk's SpaceX may start providing satellite communications services for Apple

According to reports, Elon Musk’s SpaceX may soon provide satellite communication services for Apple’s (AAPL.US) iPhone. The report noted that to compete for potential future collaboration with Apple, SpaceX’s next-generation satellites are designed to be compatible with the radio frequency spectrum currently used by Apple’s

United States of America downgraded to AA- by Scope Ratings

German-based credit rating agency Scope Ratings on Friday lowered the sovereign credit rating of the United States from AA to AA-, citing a continued deterioration in public finances and a decline in governance quality. According to the agency’s report, the downgrade reflects persistently large federal deficits, an increasing burden

OpenAI has reportedly been taking steps to develop an AI that generates music

OpenAI, a leading artificial intelligence research and deployment company, is developing an advanced AI system designed to generate music from text or audio prompts. This initiative places OpenAI in direct competition with rising players in the AI music generation sector, including Suno and Udio, marking a major new step in

A US Commerce Department official has told Reuters that the department is "not currently negotiating with any of the [quantum computing] companies"

A Commerce Department official told CNBC that the U.S. government is not currently negotiating equity stakes in quantum-computing firms in exchange for federal funding. “The Commerce Department is not currently negotiating equity stakes with quantum-computing companies,” the statement read. That statement comes in contrast to reports that the Donald

US national debt hits $38 trillion for the first time

Amid the federal government shutdown, U.S. gross national debt exceeded $38 trillion on Wednesday, setting a new record and underscoring the rapid accumulation of liabilities on America’s balance sheet. The milestone also marks the fastest non-pandemic-related rise of a trillion dollars in the debt — the U.S. crossed

Federal Reserve officials, who are unable to receive U.S. economic statistics due to the continuing government shutdown, recently lost access to a separate measure of employment data from ADP

The Federal Reserve still has multiple ways to monitor the labor market despite losing access to key data from ADP during the government shutdown. State-level unemployment claims and other private data sources can still provide valuable insights into employment conditions. The shutdown has halted the release of the government’s

Trump is considering restricting US software exports and shipments of items made with US software to China

The U.S. is considering restrictions on software-related exports to China, in response to Beijing’s broad export controls on rare earths, as both countries gear up for a pivotal round of negotiations. When asked by CNBC’s Eamon Javers whether Washington was mulling limits on items that use American

The governor of the Bank of England, Andrew Bailey, has said that recent events in US private credit markets have worrying echoes of the sub-prime mortgage crisis in 2008

The Governor of the Bank of England, Andrew Bailey, has cautioned that recent turmoil in U.S. private-credit markets bears unsettling similarities to the sub-prime mortgage crisis that triggered the 2008 global financial meltdown. Speaking before a House of Lords committee, he stressed the need to “have the drains up”

Real estate investors bought one-third of all single-family residential homes sold in the second quarter of 2025

Real estate investors accounted for just over one-third of all single-family home purchases in Q2 2025, according to the Investor Pulse Report from BatchData and CJ Patrick Company. At 33%, the share of investor purchases reached its highest level in five years, up from 27% in Q1. The report estimates