U.S. Economy
Baltimore engineers begin clearing bridge wreckage to reopen channel
The cargo ship Dali sits in the water after running into and collapsing the Francis Scott Key Bridge on March 26, 2024 in Baltimore, Maryland. Kevin Dietsch | Getty ImagesEngineers in Maryland on Saturday began lifting a piece of Francis Scott Key Bridge out of the waterway in Baltimore, the first step in a long process …
World’s biggest shipping firm dumps port cargo problem on US companies
MSC, the largest ocean carrier in the world, has joined the list of ocean carriers terminating the delivery of diverted containers outside of the port for shipping clients as a result of the container ship accident near the Port of Baltimore that led to the tragic bridge collapse. With the Baltimore port indefinitely closed, the …
This isn’t a recession – it’s a war-cession, David Roche says
LONDON — The global economy is likely entering a “war-cession,” according to veteran investment strategist David Roche, and markets are underestimating its duration. It comes as markets attempt to navigate a flurry of concurrent economic hurdles, including Russia’s invasion of Ukraine, soaring inflation, rising interest rates and supply disruption from China’s efforts to contain a …
Bitcoin (BTC) jumps after Treasury statement on crypto executive order
Selim Korkutata | Anadolu Agency | Getty Images Bitcoin and other cryptocurrencies spiked after the U.S. Treasury apparently released details of an executive order from President Joe Biden that appeared to take a supportive stance toward digital assets. Bitcoin was trading at $41,584.21, nearly 9% higher as of 2:17 a.m. ET, according to data from …
New Jersey will end omicron health emergency, NYC to lift indoor vaccine mandate
New Jersey Governor Phil Murphy speaks to volunteers as he meets with Newark Mayor Ras Baraka during the gubernatorial election in Newark, New Jersey, November 2, 2021. Eduardo Munoz | Reuters New Jersey Gov. Phil Murphy on Friday said large-scale mitigation measures are no longer needed to fight Covid, lifting a public health emergency order …
Third member of prestigious FDA panel resigns over approval of Biogen’s Alzheimer’s drug
A sign for the Food and Drug Administration is seen outside of the headquarters on July 20, 2020 in White Oak, Maryland. Sarah Silbiger | Getty Images A third member of a key Food and Drug Administration advisory panel has resigned over the agency’s controversial decision to approve Biogen’s new Alzheimer’s drug, Aduhelm, CNBC has …
Medical experts share travel options for vaccinated people
The U.S. Centers for Disease Control and Prevention cleared vaccinated Americans to travel again, but some immunized travelers remain on the fence about making summer plans. Is it finally safe to fly? What about visiting unvaccinated relatives or traveling with young children? CNBC Global Traveler asked medical professionals — all of whom are …
When married couples should file separately
elenaleonova | E+ | Getty Images A quirk in eligibility rules for a new unemployment tax break may lead some married couples to wonder whether they should file separate returns, even if they typically file jointly. The short answer: Filing separately may make sense in some cases, especially when each spouse can get the maximum …
Dow gains 100, Tesla’s turnaround, late-day slide
Stocks closed well off their highs and the Nasdaq turned negative during a late-day slide on Wednesday. The S&P 500 did snap a three-day losing streak, and the small cap Russell 2000 closed at a record high. Tensions were high in Washington as President Trump vetoed a defense spending bill and called for changes to …
Mnuchin decision cuts Fed lending power, but sources say emergency programs can be revived
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell share an elbow bump greeting prior to testifying before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, September 22, 2020. Joshua Roberts | Pool | Reuters Treasury …
