Crypto companies have had a rough year. Coming off the collapse of FTX, and now digital asset-focused banks Silvergate and Signature, the once red-hot industry remains in a crypto winter.
Tipping in the United States is on the rise and experts are calling it tipflation. In the fourth quarter of 2022, the number of tips provided at full-service restaurants grew by 17% from the fourth quarter of 2021.
Digital wallets like Apple Pay are continuing to grow in popularity. Banks are worried they’re losing ground to tech companies eager to gain market share in consumer payments.
For the first time in six decades, China’s population is shrinking, and it’s predicted it could create a demographic crisis. That’s because China isn’t just shrinking, it’s also aging.
A commercial plane typically flies multiple times a day, thousands of times a year, for several years before updating the interior.
Silicon Valley Bank’s swift collapse prompted regulators to implement a series of emergency measures to stem the fallout and shore up wavering confidence in the banking system.
Silicon Valley Bank is no more. The question now, though, is whether the collapse of this tech-friendly regional bank is the start of something more serious — or just what happens when higher interest rates give companies less room for error.
The abrupt collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, happened after a run on deposits doomed the tech-focused lender’s plans to raise fresh capital.
Inflation is slowly easing, but it’s still far from the Fed’s 2% goal. WSJ explains how 2% became the Federal Reserve’s sweet spot, what happens when the U.S. economy strays too far from it.
Having multiple credit cards and playing the rewards game can save you hundreds of dollars each year.
With 60 million customers daily, more than 40,000 locations in over 100 countries and 1.9 million employees McDonald’s is one of the world’s largest restaurant chains. And it is about to get even bigger.
As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic. Inflation in Switzerland hit a 29-year high of 3.5% in 2022.
Most men die before women do in the United States. American women lived on to 79 years old on average in 2021, compared to men, who only live until about 73 years old, according to CDC data.
China remains home to 1.4 billion people. But that number is getting smaller. The country's National Bureau of Statistics reported China's population slipped to 1.412 billion last year from 1.413 billion in 2021.
For Cal-Maine Foods, the nation's largest egg producer, 2022 was a bit of an eggstravaganza. While consumers paid $4.30 on average in December 2022 for a dozen eggs compared to $1.80 in 2021.
Odometer fraud is a stealthy and a lesser known form of fraud that is hard to detect, but can cost a car buyer thousands. Fraudsters will roll back odometers on cars to hide the vehicle's mileage in the hope of extracting a better price.
The 2% inflation target is key to the Federal Reserve’s vision for stable prices. But, where exactly did this 2% inflation goal originate? New Zealand. Watch the video above to learn more about why some economists argue for changing the target - From CNBC
Five years after Elon Musk first announced the Tesla Semi, it’s finally hitting roads. CNBC visited Pepsi’s Frito-Lay facility in Modesto, California, where it is using the new electric trucks, to see whether the Semis live up to the hype.
ByteDance, the parent company of TikTok, is rapidly growing its share of the global market for virtual-reality headsets. That puts it squarely in competition with Facebook parent Meta. The two are already battling for social-media users and ad dollars.
Livestream shopping took China by storm during the pandemic, growing into an estimated $423 billion market in 2022. Think of it like QVC, but entirely online and hosted by famous influencers with millions of followers.
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