Ford just announced it's going to be making a $2 billion bet on a totally new industry: energy storage. That comes as automakers pivot away from EVs. Weaker sales and lowered forecasts are leading companies to find new uses for the battery factories they invested billions of dollars into. Energy storage is a natural next best option; big battery packs that store power for homes, businesses and even utilities they can collect electricity from, say, solar panels for use when the sun isn't shining.Or they can ...

Jamie Diamond has been CEO of JP Morgan Chase for 20 years this month, helping it grow faster than rivals, avoiding disasters that befell other banks, picking up three failed institutions, [music] and turning his firm into the world's largest bank by market cap. Today, JP Morgan Chase stock [music] is worth around $900 billion, which is roughly the size of the next three largest American banks combined. With that kind of a track record, the world of finance listens to everything that Jaime Diamond [music] s ...

I'm not sure there's ever been a month in media and sports quite like what we're going to see in February in terms of the amount of content on one individual network. It all starts February 6th. That's when the Winter Olympics Opening Ceremonies kicks off on NBC Sports.Just two days after the opening ceremonies is the Super Bowl, the most watched event on all TV every single year. And that's also on NBC sports. A week later, NBC has the NBA All-Star Game.Again, another giant marquee event typically that a s ...

It may come as a surprise that German discount grocer Aldi is the third largest supermarket chain in the U.S. by number of stores. That's after Walmart and Kroger, with more than 2,600 stores across 39 U.S. states, Aldi is the fastest growing supermarket chain in the U.S. It opened nearly 200 stores in 2025, its biggest growth year to date and more than any other grocer in the country. And its foot traffic rose more than 50% between 2019 and 2024.We've grown every year and every type of economy. There's alw ...

Students have been moving away from four-year degrees in favor of certificate and associate degree programs. Enrollment in bachelor's degree programs grew just 0.9%, while enrollment in undergraduate certificate and associate degree programs grew by 1.9% and 2.2%, respectively. This is a trend I've been watching for years, but there are some key changes this year that make it even more striking.First, the cost of education. Community college is significantly less expensive. At two-year public schools, tuiti ...

For the second month in a row, we're seeing a significant cooldown in commercial real estate deal-making. With interest rates still high and all that continued uncertainty in the broader economy, it's just getting tougher to get the deals done. Now, I've been watching this space for a few decades now on CNBC, but now we're getting these amazing monthly spreadsheets of the actual deals provided exclusively to us by Moody's for the Property Play.That's my new platform dedicated to commercial real estate inves ...

The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the president. I'm Eamon Javers, senior Washington correspondent for CNBC, and we've been watching this amazing story play out of this confrontation between the Department of Justice and the Federal Reserve over the past couple of days. This is a question about the future of the American economy. This is a question ...

The GLP-1 craze isn't close to being over. In fact, 2026 is the year that we could see its evolution in pill form. Danish drugmaker Novo Nordisk kicked off the new year with the launch of its once daily obesity pill, Wegovy.Named just like its injectable counterpart. Because it's Wegovy, it sits on the back of all the safety data that Wegovy has been able, semaglutide has been able to create over the last ten years or so. Novo's main competitor, Eli Lilly, has its own obesity pill that is waiting for FDA ap ...

Jamie Dimon has been CEO of JPMorgan Chase for 20 years this month, helping it grow faster than rivals, avoiding disasters that befell other banks, picking up three failed institutions and turning his firm into the world's largest bank by market cap. Today, JPMorgan Chase stock is worth around $900 billion, which is roughly the size of the next three largest American banks combined. With that kind of a track record, the world of finance listens to everything that Jamie Dimon says.But at nearly 70 years old, ...

"No Tax on Tips" Bill Overview - The "No Tax on Tips" provision in the "One Big Beautiful Bill" allows tipped employees to deduct up to $25,000 from their federal tax filing each year, starting in 2025 and lasting through 2028 [1][6] - Individuals earning $150,000 or joint filers earning $300,000 are disqualified from this deduction [6] - The IRS has provided penalty relief for the tax year 2025 as taxpayers adjust to the new policy [9] Potential Benefits - The provision is projected to increase average take-home pay for tipped workers by $1,300 per year [2] - Small businesses may benefit from improved employee retention, as replacing a tipped employee is estimated to cost around $8,000 [14][15][16] - Nevada, with approximately 25% of its workforce in tipped jobs, stands to benefit significantly [11][12][13] Criticisms and Concerns - 37% of tipped workers may not benefit as they already face zero federal income tax burden [4] - Low-income households may not benefit and could be negatively impacted by Medicaid and other social services cuts associated with the bill [5] - The policy exacerbates the existing tipping system, which is viewed negatively by nearly 90% of Americans who believe tipping has gotten out of control [3][4] - Experts argue that the bill creates unequal tax treatment compared to other professions [17] - The policy excludes auto gratuities and service charges, which could be shared with the entire staff, not just customer-facing employees [26][27] Alternative Solutions - Some suggest increasing the minimum wage to provide more stable earnings for low-income workers [20] - Eliminating the subminimum wage is proposed as a way to address wage inequality [22] - Innovative pay models, including auto gratuities and service charges, are being explored to ensure fair wages while allowing businesses to thrive [25][26]