Wall Street is “gobbling up” America’s homes. Firms with names like BlackRock (or Blackstone or SablePebble) are shouldering their way into every suburban open house and offering 50 percent above asking price — in a bid to consolidate control of local markets and then jack up rents with impunity. As a result, America’s young families…
In this article LLY NVO Follow your favorite stocksCREATE FREE ACCOUNT A pharmacist displays a box of Wegovy pills at a pharmacy in Provo, Utah, Jan. 15, 2026. George Frey | Bloomberg | Getty Images The future of the booming obesity drug market won’t hinge on drugs that deliver greater weight loss alone. Top executives…
Ployker/Shutterstock In mid-January 2026, you may have looked down at your cell phone to check the time or send a text and realized that you had no service. Instead, your display may have read “SOS.” If that’s the case, you were one of millions of Verizon wireless customers affected by a widespread outage. In Washington,…
MCLEAN, Va. & SAN FRANCISCO–(BUSINESS WIRE)–Jan. 22, 2026– Capital One Financial Corporation (NYSE: COF) today announced that it has entered into a definitive agreement to acquire Brex, in a combination of stock and cash transaction valued at $5.15 billion. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260122016437/en/ Brex is a modern, AI-native software platform offering intelligent finance solutions that…
Amazon is expected to undergo another round of layoffs next week, according to an exclusive report from Reuters, in an effort to trim its workforce by approximately 30,000 employees. This is considered the next round of layoffs that first occurred in October, two sources who asked not to be identified told Reuters. During the October…
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The S&P 500 closed up 0.55% yesterday on good news about U.S. GDP growth and President Trump retracting his threat to impose more tariffs on Europe if he isn’t given Greenland. After a selloff earlier this week, the S&P is again above 6,900 and within 1% of its all-time high. Gold hit another record yesterday,…
In this article ALTI Follow your favorite stocksCREATE FREE ACCOUNT D3sign | Moment | 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. Market data firms have been pitching artificial…
“The Middle East has oil,” Deng Xiaoping is reported to have remarked. “China has rare earths.” Deng was visiting one of China’s biggest rare earths mines, in Baotou, Inner Mongolia, in 1992 when he made that observation about the vast deposit of critical minerals in his country. At that time, no one took his statement…
Amazon reportedly plans to start laying off about 14,000 corporate workers as soon as Tuesday (Jan. 27). These cuts will be part of the second round of a broader plan to eliminate 30,000 corporate jobs, and they will follow the first round that involved 14,000 layoffs in October, Reuters reported Thursday (Jan. 22), citing unnamed…
Congratulations, Republicans: Your mentally incapacitated president—who’s running the country without guardrails, constraints, or adult supervision—is burning through nearly a century of international goodwill, with consequences that will echo for decades. “You cannot put the genie back into the bottle. Things might get better and more calm a few months down the road, and Trump, he…
Thursday was a tough work day for many — or maybe, a great one, depending on how eager you are to access work-related programs. Microsoft services, including Outlook, Teams and Microsoft 365, experienced a significant outage. Overnight heading into Friday, the company said via its Microsoft 365 Status account on X that the “impact has…
This weekend will mark what might be the biggest winter storm of the season. Meteorologists have been using terms like “catastrophic” and “monster” to describe it, and it’s set to bury most of the country in snow and ice, including many areas that rarely see this kind of weather. If you’re feeling ill-prepared for what…
A guide sign reading “Bank of Japan” is seen in Tokyo on July 31, 2024. Kazuhiro Nogi | Afp | Getty Images Japan’s central bank on Friday raised economic growth forecasts while holding its key policy rate at 0.75% as the country prepares to go into an election. The Bank of Japan upgraded its economic…
Traders work on the floor of the New York Stock Exchange during morning trading on Jan. 21, 2026 in New York City. Michael M. Santiago | Getty Images U.S. equities were mixed on Friday, as the Nasdaq Composite extended its gains amid easing geopolitical fears and the Dow Jones Industrial Average underperformed. The tech-heavy Nasdaq…
Tesla is offering passengers robotaxi rides in Austin without a human safety driver in the front seat. CEO Elon Musk on Thursday posted on X, his social media platform: “Just started Tesla Robotaxi drives in Austin with no safety monitor in the car. Congrats to the Tesla AI team!” He then made a recruitment pitch…
A Powerball ticket purchased in Roanoke Rapids won the $209.3 million jackpot drawing Wednesday night. According to the North Carolina Education Lottery, the winning ticket was purchased from West 10th Mart on West 10th Street in Roanoke Rapids. Other WRAL Top Stories The winning numbers in the drawing were 11–26−27−53−55 and the Powerball was 12. The…
Elon Musk, the richest man on earth, is very good at making money. His track record of predicting the future is less stellar. Through the years, Musk has made several outlandish forecasts—about self-driving cars, about space exploration, about brain chips, about robotics—that have not panned out. The Tesla CEO and former steward of the so-called…
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Caroline Ellison is out of federal custody, roughly a year after she helped prosecutors take down Sam Bankman-Fried. Federal prison officials confirmed the 32-year-old former head of Alameda Research—FTX’s sister trading firm and a key player in its collapse—was released Wednesday from “community confinement,” meaning she is no longer in a halfway house or on…
Blue Origin just sent its latest batch of space tourists to the final frontier. The company, which was founded by Amazon’s Jeff Bezos, launched its New Shepard vehicle today (Jan. 22), sending six passengers on a brief trip to suborbital space. It was Blue Origin‘s 17th human spaceflight to date and the 38th mission overall…
As an electricity crunch drives bills higher around the country, big tech companies building power-hungry data centers are increasingly offering to pay for more of the energy they consume, so everyday people don’t get stuck with the bill. At least, that is the message from seven large tech companies in new letters responding to three…
The United States national debt has reached a precarious milestone, hitting 100% of Gross Domestic Product (GDP) and placing the nation on a trajectory that could trigger six distinct types of fiscal crises, according to an ominous new warning issued Thursday by the Committee for a Responsible Federal Budget (CRFB). With the national debt now…
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Topline Elon Musk’s fortune soared Thursday, rising above $788 billion to a new record high as Tesla’s stock rose after Musk said the company’s robotaxi fleet would be “widespread” by year’s end. Key Facts Forbes’ Real-Time Billionaires List put Musk’s estimated net worth at $788.1 billion as markets closed Thursday, with Tesla shares rallying more…
Microsoft has found what caused an outage that crippled its services like Outlook and Teams. Thousands of users swarmed to social media to find out what was happening with their e-mails during the middle of the business day. It turns out that Microsoft was experiencing an outage with Microsoft 365 services, with more than 11,000…
There’s a feeling of schadenfreude in Silicon Valley when a unicorn stumbles. So when the WSJ broke the news Thursday afternoon that Capital One will acquire Brex for $5.15 billion in cash and stock (Capital One issued an official release confirming the details 30 minutes later), you could practically hear the collective snickering from Sand…
By Muvija M, Deborah Mary Sophia and Akash Sriram DAVOS, Switzerland, Jan 22 (Reuters) – Elon Musk marked his last-minute Davos debut on Thursday with a critique of U.S. solar tariffs and aggressive targets for Tesla, including humanoid robot sales next year, as well as flagging European approval for self-driving tech within weeks. After years…
As our teams continue to monitor Winter Storm Fern, Delta encourages customers traveling this weekend in affected areas to move their flights before or after the storm due to anticipated cancellations. As our teams continue to monitor Winter Storm Fern, Delta encourages customers traveling this weekend in affected areas to move their flights before or…
Intel chief executive Lip-Bu Tan says the company is ‘working aggressively to grow supply to meet strong customer demand’ © Laure Andrillon/Reuters Intel shares fell 17 per cent on Friday following a downbeat revenue outlook linked to supply constraints and issues in the launch of a new manufacturing technology that is critical to its turnaround….
Thousands of Microsoft customers reported difficulty Thursday accessing the technology company’s suite of Microsoft 365 services, including email platform Outlook, Teams and other tools. But the company said on social media early Friday that, “We’ve confirmed that impact has been resolved.” Users started reporting problems accessing Microsoft applications on Thursday afternoon, according to Downdetector, a site tracking…
The United States and China have signed off on a deal that hands control of TikTok’s U.S. operations to a group of investors backed by President Donald Trump. TikTok said Thursday in a news release that a new company, TikTok USDS Joint Venture LLC, would ensure the app continues to be available in the U.S….
While it might appear that the most significant updates about the global economy are currently coming from a small town in the Swiss Alps, Tokyo may disagree. This week Japan’s bond market suffered a major selloff, with yields hitting an all-time high. Ten-year yields spiked to 2.2%, while 30-year yields hit 3.66%. While the onset…