Policy

08 May 2024, 10:43

A US soldier detained in Russia on theft charges was visiting a girlfriend there, officials say

Staff Sergeant Gordon Black was visiting a woman he was romantically involved with when he was detained on theft charges, US officials told NBC News.

08 May 2024, 10:18

Trump's Mar-a-Lago document trial has been delayed again. He now has a chance to dodge it entirely.

The judge previously set a May 2024 trial date, but it has long been clear the lawyers wouldn't be ready to bring the case to a jury by then.

08 May 2024, 10:11

A 'proper' economic downturn is looming, which could trigger steep rate cuts as soon as this year, economist says

"We believe we are heading into a proper downturn that will require a proper easing cycle," Manulife's chief economist Frances Donald said.

08 May 2024, 10:09

Interest rates still might not be high enough to quell inflation, Minneapolis Fed president says

Housing inflation prompts questions about how restrictive monetary policy actually is, Minneapolis Fed President Neel Kashkari said Tuesday.

08 May 2024, 09:35

A soft landing will be tough to achieve, and inflation has hit lower-income Americans hard, Citi CEO Jane Fraser says

"It's hard to get a soft landing," Citi's CEO Jane Fraser told CNBC on Monday. "We're hopeful, but it is always hard to get one."

08 May 2024, 09:32

Inflation-hit Germans are demanding a legal cap on the price of a doner kebab. They're not joking.

German Chancellor Olaf Scholz said he is asked by young people about the price of a donor kebab "everywhere I go."

08 May 2024, 09:32

US inflation will soar if America doesn't undergo reindustrialization, investment manager says

The US has a "massive" trade deficit at a time when world trade is becoming fragmented, Richard Bernstein said.

08 May 2024, 09:29

A man charged with killing his hospitalized wife told police he couldn't afford her medical bills

Ronnie Wiggs reportedly told police he killed his wife while she was in the hospital because he couldn't afford her medical bills.

08 May 2024, 09:28

A recession in early 2025 could send the stock market tumbling 30%, strategist says

A recession in late 2024 or early 2025 could send the S&P 500 tumbling to around 3,600, BCA's Roukaya Ibrahim said.

08 May 2024, 09:27

Google is co-funding a guaranteed basic income trial that gives families $12,000 a year to help keep them housed

Google's philanthropic arm is co-funding a $2.8 million guaranteed income pilot aimed at reducing homelessness in and around San Francisco.

08 May 2024, 09:23

This college town is experimenting with giving low-income entrepreneurs and gig workers $12,672, no strings attached

A guaranteed basic-income program in Ann Arbor is giving small business owners $528 a month, no strings attached.

08 May 2024, 09:22

As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income

Gig work like ride-hailing is becoming more popular, per a Bank of America report. A cooling job market could be the reason.

08 May 2024, 09:21

A Florida Gen Xer who earned over $300,000 secretly working multiple remote jobs shares why he's 'far from rich'

A Gen Xer in Florida says making over $300,000 didn't make him feel rich.

08 May 2024, 09:19

China's footprint in global supply chains will grow no matter who wins the US presidential election: analysts

A research group doesn't expect either Biden's or Trump's trade policies to reduce China's role in global production networks significantly.

08 May 2024, 09:17

Russia's military is so hard up for manpower that it now pays more than the oil and gas sector

Russia is a major energy producer, and the industry's robust revenues have kept Moscow's war chest filled.

08 May 2024, 03:37

I was fired from a new job in less than a week after I started. It taught me not every opportunity is a good opportunity.

This Gen Z worker was fired from her new job on the third day and called it a blessing. It taught her to value mental health and respect over money.

07 May 2024, 03:57

Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected

The latest report on the future of Social Security detailed the program's ability to pay out full benefits as a retirement crisis looms.

07 May 2024, 01:17

Younger generations might not have to worry about recessions as much as their elders. It would be great news for their job security and stock portfolios.

Data from NBER shows a promising trend: Recessions have become less common in the US.

07 May 2024, 00:35

The US may already be in recession as job cuts accelerate, research CEO says

The ongoing recession may have been triggered way back in October 2023, says Danielle DiMartino Booth.