President Biden on Wednesday hailed a new Microsoft artificial intelligence center in Wisconsin as evidence of a “historic boom” in U.S. manufacturing that highlighted former president Donald Trump’s failure to deliver on his promise of a job-rich Foxconn plant in the same spot. Biden appeared in Racine County, Wis., near the site of the ill-fated […]Read More
The Kentucky Derby, long known as “the most exciting two minutes in sports,” may be on its way to becoming some of the most expensive two minutes in sports. Ticket prices for the iconic horse race have more than tripled over the past decade, from an average of $378 in 2014 to $1,254 this year […]Read More
Arcade chain Dave and Buster’s plan to allow customer betting isn’t winning over everyone. Software company Lucra Sports announced on Tuesday that it was working with the entertainment chain to allow customers to place wagers on their arcade games through the Dave & Buster’s app. But some lawmakers are calling foul. Illinois State Rep. Daniel Didech, a Democrat from […]Read More
One of Boeing’s biggest customers issued a call to action to its new management team, expressing frustration with the safety crisis facing the American planemaker and the consequent delays in order deliveries. “We’re not happy really with what’s going on, we always really wanted to see this aircraft entering the fleet when it had been promised […]Read More
A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months, the pandemic darling has had talks with at least one firm as it considers going private, people […]Read More
The youngest generation of American workers is prepared to move away from states that pass abortion bans and to turn down job offers in states where bans are already in place, a new survey from CNBC/Generation Lab finds. The “Youth & Money in the USA” survey of 1,033 people between the ages of 18 and 34 found that almost […]Read More
The dream of home ownership has gotten even further away for renters, with higher housing costs and elevated interest rates standing in the way of the American housing dream, according to a New York Federal Reserve survey released Monday. The share of renters as of February who possess hopes of “residential mobility,” or the belief […]Read More
High-end fitness chain Equinox is launching one of the most expensive gym memberships in the world — a $40,000-per-year program aimed at improving overall health and longevity. Equinox is teaming up with lab-test startup Function Health to launch “Optimize by Equinox,” a personalized health program that includes everything from personal training and nutrition plans to […]Read More
A reader asked us to fact-check a four-minute “history lesson” posted by presidential candidate Robert F. Kennedy Jr. on YouTube. International events — and the causes of war — are often open to interpretation. But Kennedy’s lecture, about how the United States allegedly provoked the Ukraine war, was filled with so much misinformation and Russian […]Read More
The Biden administration paused the shipment of thousands of weapons to Israel, including controversial 2,000-pound bombs, amid mounting concern about the country’s plan to expand a military operation in southern Gaza that could dramatically increase the conflict’s death toll, U.S. officials said Tuesday. “Israel should not launch a major ground operation in Rafah, where more […]Read More
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