Musk: “At no point did I say that I was donating $45 million a month to Trump, that was a fiction made up by the Wall Street Journal"

Reporter: “Mr Musk, are you still going to donate to Trump? Are you still donating $45 million?” Musk: “At no point did I say that I was donating $45 million a month to Trump. That was a fiction made up by the Wall Street Journal.” “What’s been reported in

The US dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley

The US dollar can't be dethroned as the world's dominant currency, according to Morgan Stanley. Morgan Stanley's recent report indicates that the U.S. dollar's status as the dominant global reserve currency is likely to persist. Despite discussions about alternatives, such as

Millennials having fewer kids could be a drag on the economy for the next decade

Millennials are having fewer children compared to previous generations, which could negatively impact economic growth for more than a decade. Some child-free millennials, known as DINKs (Double Income, No Kids), are using the money saved from not having children to indulge in luxury vacations, flashy boats, and other high-end purchases.

Kamala Harris has decided not to speak at the Bitcoin conference

Kamala Harris has decided not to speak at the Bitcoin conference, per CEO David Bailet. This decision has ignited controversy and debate within the cryptocurrency community, highlighting the complex relationship between the current administration and the digital asset industry. Bailey shared his thoughts on social media, saying, “No surprise. What

CrowdStrike, $CRWD, the cybersecurity firm that crashed millions of computers with a botched update all over the world last week, is offering its partners a $10 Uber Eats gift card as an apology

CrowdStrike, $CRWD, the cybersecurity firm that crashed millions of computers with a botched update all over the world last week, is offering its partners a $10 Uber Eats gift card as an apology, per TechCrunch. CrowdStrike, the cybersecurity firm that recently caused a global disruption by crashing millions of computers

The most important financial problems facing US families

The most important financial problems facing US families: Meanwhile, Home prices reached a new peak in June for the second consecutive month, highlighting the housing market's growing unaffordability for millions of Americans, according to the Wall Street Journal. "The spring home-buying season, typically the busiest time of

Sunday was the hottest day in recorded history

Copernicus’ preliminary data shows that the global average temperature on Sunday was 17.09 degrees Celsius (62.76 degrees Fahrenheit), surpassing the previous record set on July 6, 2023, by 0.01 degrees Celsius (0.02 degrees Fahrenheit). Both Sunday’s temperature and last year’s record significantly exceeded the

The Federal Reserve will cut interest rates just twice this year, in September and December, as resilient U.S. consumer demand warrants a cautious approach despite easing inflation

Persistently resilient U.S. consumer demand warrants a cautious approach despite easing inflation, according to a growing majority of economists in a Reuters poll. Declining price pressures over the past few months and recent signs of labor market weakness have given several members of the Federal Open Market Committee (FOMC)

Home prices hit a new high in June for the second straight month, at $426,900

Home prices hit a new high in June for the second straight month, at $426,900. Home prices reached a new peak in June for the second consecutive month, highlighting the housing market's growing unaffordability for millions of Americans, according to the Wall Street Journal. "The spring

Donald Trump says he has never discussed or thought of Jamie Dimon or Larry Fink for US Treasury Secretary

Former President Donald Trump said in a recent interview that he would consider nominating JPMorgan Chase CEO Jamie Dimon as Treasury Secretary. However, on Tuesday, he denied making such a statement, claiming he doesn’t know who said it or where it came from. In an interview with Bloomberg Businessweek

Apple, $AAPL, is working on a foldable iphone that could be released as early as 2026

According to Bankrate’s analysis of Redfin and Zillow housing data, renting is cheaper than buying a typical home in all 50 of the largest U.S. metro areas. In 21 of these metros, the monthly cost of owning is at least 50 percent higher than the monthly cost of

Renting is now cheaper than owning a typical home in all but one of 35 major metro areas in the US

According to Bankrate’s analysis of Redfin and Zillow housing data, renting is cheaper than buying a typical home in all of the 50 largest U.S. metro areas. In 21 of these metros, the monthly cost of owning is at least 50 percent higher than the monthly cost of

Florida's home insurance is the highest in the country at an average of $6,000 per year, versus the US average of $1,700

National insurers have minimal presence in Florida, with big insurance companies dominating over half the market nationwide, but in Florida, State Farm holds about 7% of the market, according to the Insurance Information Institute. No other major insurer has even 2%. Regional and local insurers, left to provide coverage, are

46% of Gen Z adults rely on financial assistance from their parents and families

46% of Gen Z adults rely on financial assistance from their parents and families. Almost half (46%) of Gen Z adults ages 18 to 27 said they relied on financial assistance from their parents or other family members, according to the "Parent Trap" survey, released last week by

The monthly payment on a new $500,000 home loan is $1,200 higher than on a mortgage taken out in 2021

U.S. existing home sales fell more than anticipated in June, with the median house price hitting another record high. However, improving supply and declining mortgage rates offer hope for a potential rebound in the coming months. The National Association of Realtors reported on Tuesday that this is the fourth

Secret Service Director Kimberly Cheatle is resigning

U.S. Secret Service Director Kimberly Cheatle has resigned following widespread calls from lawmakers for her to step down after the assassination attempt on former President Donald Trump, according to three sources cited by NBC News. In her resignation letter, obtained from a senior official, Cheatle acknowledged the intense scrutiny

The Biden administration's ban on noncompete clauses has been upheld in court

A federal judge on Tuesday rejected a bid by a tree-trimming company to block a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed by workers not to join their employers’ rivals or launch competing businesses. U.S. District Judge Kelley Hodge in Philadelphia

Elon Musk has said: America is going bankrupt

Elon Musk expressed concern that the United States could soon face bankruptcy. In a post on his social media platform X (formerly Twitter), he wrote, “Overspending must stop or America will go bankrupt,” in response to a post by user @WallStreetSilv. The user had claimed that eventually, all U.S.

Just 13% of workers in the U.S. are now earning less than $15 an hour

Just 13% of workers in the U.S. are now earning less than $15 an hour. Just 13% of workers in the U.S. now earn less than $15 an hour, compared to 31.9% two years ago, according to new data from Oxfam. Why it matters: Even when adjusting

High inflation is largely not Biden’s or Trump’s fault, economists say per CNBC

High inflation is largely not Biden’s or Trump’s fault, economists say per CNBC. Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 compared to June 2023, down from a 3.3% annual inflation rate in May, the

Median networth by age decade in the US

As of January 1, 2024, the Mint app has shut down. For alternatives, check out CNBC Select’s ranking of the best budgeting apps. Every three years, the Federal Reserve Board conducts the Survey of Consumer Finances to provide information about family net worth and income in the U.S.

California fast food workers now earn $20 per hour, franchisees are responding by cutting hours

Lawrence Cheng, whose family owns seven Wendy’s locations south of Los Angeles, was busy taking orders and preparing food at the Fountain Valley location in Orange County. He used to have nearly a dozen employees on the afternoon shift but now schedules only seven to manage the significant increase

Trump was kind of right about NATO, per Dimon

Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are solely attracted to his personality. According to the JPMorgan CEO, former President Donald Trump was right about some critical issues. “I wish the Democrats would think a little more carefully when they talk about

Disneyland, $DIS, workers have authorized a strike by 99%

Disneyland, $DIS, workers have authorized a strike by 99%. On Friday, the Disney Workers Rising Bargaining Committee, consisting of four different unions representing 14,000 Disneyland park employees, announced that 99% of their members have authorized a strike, meaning they would not report to work if a strike is implemented.

The New York Stock Exchange has cleared the listing of Bitwise and Grayscale Ethereum Trust’s spot Ethereum ETF

On July 22, the U.S. Securities and Exchange Commission (SEC) approved the listing and registration of Bitwise's spot Ethereum ETF on the New York Stock Exchange (NYSE) ARCA under the 1934 Exchange Act. Previously, the SEC had also approved the listing of Grayscale Ethereum Mini Trust and