Trump tax-free overtime plan ‘as fake as his tan,’ Senate finance chair says
Republican nominee Donald Trump unveiled the tax-free overtime pay plan at his first campaign rally since he debated Democratic rival Kamala Harris.
Oracle’s Larry Ellison briefly tops Jeff Bezos to become world’s second-richest person
Oracle is on pace for its best week since 2021, and the rally lifted founder Larry Ellison’s net worth past Jeff Bezos for a brief period on Friday.
Don’t expect ‘immediate relief’ from the Federal Reserve’s first rate cut in years, economist says. Here’s why
The first interest rate cut in four years is on deck. For many households, this policy shift is welcome news, but one cut won’t make a big impact, experts say.
Uber and Waymo to offer driverless ride-hailing trips in Austin and Atlanta
Uber will offer driverless ride-hailing trips with Waymo in Austin and Atlanta starting early 2025
How a U.S. spy tapped into Russian communication lines
On the latest episode of CNBC’s “The Crimes of Putin’s Trader” podcast, Eamon Javers interviews an American spy who risked his life for Russian intel.
Trump says he would end all taxes on overtime pay at first post-debate rally
The former president said that when workers exceed 40 hours a week, “your overtime hours will be tax-free.”
Meta offered ‘unacceptable’ response to concerns over illicit drug ads on Facebook and Instagram, congressman says
Rep. Tim Walberg slammed Meta for its response to a bipartisan group of lawmakers regarding illicit drug ads on its platform.
Intel getting help from Commerce Secretary Raimondo as part of effort to spur U.S. production
Commerce Secretary Gina Raimondo has met with investors recently to tout the benefits of Intel and U.S. chip production.
Amazon hikes wages for contract delivery drivers as union pressures grow
Amazon is raising its average national pay for contracted delivery drivers to roughly $22 an hour, up from $20.50 an hour.
Interest payments on the national debt top $1 trillion as deficit swells
The August shortfall popped by $380 billion, a dramatic reversal from the $89 billion surplus for the same month a year prior.
