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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. A new “blue wave” of tax hikes on the wealthy is rippling through state legislatures, as Virginia, Washington state, Rhode Island and others…
The gap between the best and worse off Americans is growing — and economists don’t see an end in sight. The “K-shaped” economy has been top of mind for consumers, corporate leaders, policymakers and investors since the Covid pandemic drastically reshaped Americans’ financial habits almost six years ago. Economists now warn that this two-speed economic…
GameStop wants to acquire a publicly traded consumer company that’s far larger than the video game retailer in a deal that could be “transformational” for the company, CEO Ryan Cohen told CNBC in an interview Friday. “It’s gonna be really big. Really big. Very, very, very big,” Cohen said of the size of the acquisition….
(Photo credit: Instagram and Agencies) Kevin Warsh is President Donald Trump’s pick to be the next chairman of the US Federal Reserve. He is expected to succeed the current Fed chief Jerome Powell in May this year. Powell has been at the receiving end of Trump’s wrath for several months, with repeated verbal attacks for…
Congress leader Jairam Ramesh. File | Photo Credit: The Hindu The Congress on Thursday (January 29, 2026) hit out at Prime Minister Narendra Modi over his remarks on the Budget session, saying he delivers his “usual hypocrisy-laden message to the nation” before the beginning of each session and “today’s performance is part of this series”….
Benchmark equity indices Sensex and Nifty ended lower on Friday (January 30, 2026), snapping a three-day rally, dragged by metal, IT stocks and caution ahead of the Budget presentation on February 1. Fresh foreign fund outflows and weakness in the rupee also added to the bearish trend in the equity markets. The 30-share BSE Sensex…
Under Prime Minister Narendra Modi’s leadership, the Union government has only done free trade agreements (FTA) with developed economies countries that complement India, Commerce and Industry Minister Piyush Goyal said on Friday, contrasting it them to the ASEAN-led RCEP that he blamed the UPA government for beginning negotiations with. In an interview to The Hindu,…
According to internal sources, Ola Electric currently employs around 3,500 people. File. | Photo Credit: Reuters Ola Electric, a Bengaluru-based electric vehicle firm founded by Bhavish Aggarwal, on Friday (January 30, 2026) said, as part of its ongoing structural transformation, approximately 5% of its workforce would be impacted. The firm said it was doubling down on…
The Union Cabinet gave its nod to raise the minimum support price (MSP) for paddy by 5.35% to ₹2,300 per quintal for the upcoming 2024-25 kharif marketing season, a decision that comes ahead of Assembly elections in Haryana, Maharashtra, Jharkhand and Delhi. In the first major decision of Prime Minister Narendra Modi’s third term in…
A General Motors Co. Chevrolet Blazer electric vehicle at a dealership in Colma, California, Jan. 23, 2026. David Paul Morris | Bloomberg | Getty Images DETROIT — American consumers are hitting a fork in the road when it comes to the U.S. automotive industry. Affluent buyers are purchasing new vehicles at increasingly higher prices, while…
