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What does it take to be wealthy? Well-being is a more important measure than money or assets, survey finds
A new Charles Schwab survey finds well-being, not money, has become the leading measure of wealth for most adults today.
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Home foreclosures are rising nationwide, with Florida, California and Texas in the lead
As the cost of living in the U.S. continues to climb, foreclosures are also on the rise.
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Wheat and corn prices jump following collapse of major dam in Ukraine
The collapse of a major dam in southern Ukraine sent global prices of wheat and corn higher.
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Here's Where the Jobs Are for May 2023 — in One Chart
Professional and business services led job creation for the month with 64,000 new hires.
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‘I'm Not Sure History Has Ever Seen This Before': Top CEOs on What They Expect Next From the Economy
Top CEOs at the CNBC CEO Council Summit say if recession is ahead, infrastructure and Inflation Reduction Act spending will make it a unique one.
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Vice Media Files for Bankruptcy to Enable Sale to Lenders Including Soros and Fortress
Once a digital media darling, Vice Media Group on Monday filed for bankruptcy protection after years of financial troubles.
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Board Gives Preliminary Approval for Rent Hike for Rent-Stabilized NYC Apartments
A rent hike is now one step closer to reality for millions of New Yorkers living in rent-stabilized apartments. A board approved increases during a heated meeting of the Rent Guidelines Board. NBC New York’s Ida Siegal reports.
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Grocery ‘Shrinkflation' Is Worse Now ‘Than in Any Other Period in Memory,' Says Expert — 3 Ways to Avoid It
Most grocery shoppers don’t notice shrinkflation, which is why manufacturers use it so often to subtly increase the cost of food.
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Dropbox to Lay Off 500 Employees, Or About 16% of Its Workforce
Dropbox is laying off 500 employees, or about 16% of its workforce, the company said.
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Grains, Vegetables, Dairy Prices Fall on World Market, Yet Remain High at the Grocery Store
Around the world, food prices have dropped but they are persistently, painfully high in grocery stores.
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These Are the 10 Wealthiest Cities in the World—3 of Them Are in the U.S.
Henley & Partners ranked the world’s wealthiest cities based on the fastest-growing millionaire populations.
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New Jersey Halts Electric Vehicle Rebates, As Demand Remains Too High
New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily — because the state program is so popular that it’s already running out of money, officials said. The Charge Up New Jersey program has disbursed an estimated $35 million for the fiscal year ending this July, according…
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Fed Expects Banking Crisis to Cause a Recession This Year, Minutes Show
The Federal Reserve on Wednesday released minutes from its March 21-22 policy meeting.
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Cheaper Gas and Food Provide Some Relief as US Inflation Shows Some Signs of Easing
Grocery prices fell 0.3% in March in the first such drop in 2 1/2 years.
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Banking Turmoil Was Not a Crisis But ‘the Downside Risks Are Real,' IIF Boss Warns
The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now subsided, according to IIF CEO Tim Adams.
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The World's Richest 25 People Lost $200 Billion Last Year—Jeff Bezos' Net Worth Fell the Most
The world’s richest saw their wealth take a dip last year. Here’s who lost the most — and who’s still on top.
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The Job Market Is Cooling But Remains ‘Red Hot,' Economist Says. What to Expect as a Job Seeker
The labor market remains historically strong for workers, but job seekers may be wise to proceed with a bit more caution, experts say.
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New York's Budget Likely Late Because of ‘Big Budget Issues'
New York legislative leaders said Thursday they expected to miss the deadline for adopting a new state budget as they negotiate with fellow Democrat Gov. Kathy Hochul over her proposals to change bail rules and create new housing. State Senate Majority Leader Andrea Stewart-Cousins said the holdup on a budget for state fiscal year beginning Saturday is due in part…
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2-Year Treasury Yield Rises Back Above 4%, Recovering From Bank Crisis Dip
Investors considered the outlook for the economy as fears about a widespread banking crisis eased.
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Chairman of Saudi National Bank Resigns After Credit Suisse Comments
The chairman of Saudi National Bank has resigned for “personal reasons” after his comments on Credit Suisse sent that firm’s stock cratering.