Top News

Americans now owe $1.08 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances spiked by $154 billion year over year, notching the largest increase since 1999, the New York Fed found. “Credit card balances experienced a large …

CNBC’s Jim Cramer said Tuesday the industrial gas industry looks like a “winner takes all game” after drastically different quarterly performances from two leading companies in the group. If you like this story, sign up for Jim Cramer’s Top 10 Morning Thoughts on the Market email newsletter for free. On …

Cold and flu season is in full effect, which means many people are looking for ways to bolster their immune system and stay as healthy as possible this winter. But does that mean stocking up on vitamin C and vitamin D? Not quite, says Dr. Michael Ben-Aderet, an infectious disease …

Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks to combat inflation without hurting the economy significantly. “Because of some of the strangeness of this moment, there is the possibility of the golden path … that we got inflation …

Carvana CEO Ernie Garcia told CNBC’s Jim Cramer in a Monday interview that it’s hard to say when used car prices will come down, even though the company is doing what it can to cut costs and make vehicles affordable for customers. “When the pandemic hit and supply chains got …

Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter to Sept. 30, down to $32.6 billion attributable to “the impact of lower crude oil prices and volumes sold,” the company said Tuesday. The third-quarter net profit result marked a steep decline from $42.4 …

The new economic measures laid out by the U.K. government “will likely increase inequality”, according to a spokesperson from the International Monetary Fund. Yuri Gripas | Reuters BEIJING — The International Monetary Fund on Tuesday raised its China growth forecast to 5.4% for 2023. The IMF cited better-than-expected third-quarter growth …

OpenAI CEO, Sam Altman & and Microsoft CEO, Satya Nadella. Hayden Field | CNBC Microsoft CEO Satya Nadella made a surprise appearance at OpenAI’s developer conference on Monday with a message: Come build with us. “Our job No. 1 is to build the best system, so that you can build …

Bobbie Bain had been working at American Airlines for less than a year when she received devastating news. Her son died. She hadn’t worked long enough to qualify for unpaid family leave, she said. So she decided to quit. “I worked my two-week notice that I barely remember,” she said. …

A technician holds a semiconductor wafer at a manufacturing plant. Ponywang | E+ | Getty Images The recent earnings calls of the world’s two largest memory chipmakers signaled that weak demand may have finally bottomed out. Samsung’s operating profit in the third quarter jumped 262.6% as compared to the second …