Rep. Adam Schiff calls on Biden to drop out of presidential race
Rep. Adam Schiff (D-Calif.), who is heavily favored to win California’s Senate race in November, called on President Biden on Wednesday to drop out of the presidential contest, becoming one of the
Democrats eye virtual roll call for Biden in first week of August
The Democratic National Committee is preparing to hold a virtual roll call to nominate President Biden for reelection during the first week of August, moving forward with the plan as Democrats continue
GM to increase production of high-performance Cadillac Escalade V8 SUV
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the 2025 model year. The new SUV features a standard 55-inch diagonal display across
Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are no major surprises on inflation and employment. “I believe current data are consistent
Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping the previous high of $2,454.20 reached May 20. Spot
Most Americans support Supreme Court reforms
The Washington Post reported on Tuesday that President Biden has warmed to the idea of reforming the Supreme Court. At the beginning of his term, pressure from the base of the Democratic
65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what drove them to make
Dow rises 200 points to close at a record
The Dow Jones Industrial Average advanced on Monday as investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at the polls
Zyn-maker Philip Morris announces $600 million Colorado facility to ramp up production
Zyn users, rejoice: Production is about to ramp up in the U.S. Philip Morris International (PMI), Zyn’s parent company, announced Tuesday it would invest $600 million to build a new production facility in
Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that the Fed’s target range for the federal funds rate, its key rate, will