Economy

GM cutting hundreds of salaried IT workers as it trims costs, evaluates needs

General Motors is laying off hundreds of salaried employees in its information technology operations.

What's the required minimum distribution from a $100,000 retirement account? Here's what to know.

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How Trump’s Tariffs Can Paradoxically Raise Economic Freedom

This essay is a part of The Right Way Forward, Restoring America’s new think tank debate series in which leading conservative institutions argue the defining questions of the post-Trump era. Read about the series here.

Chip stocks continue to surge. Here's how to buy one for less

The immediate impulse might be to jump in the chip rally. If you're in that camp, a more measured approach might be to use options and risk less capital.

Trump Invites Elon Musk, Tim Cook, Larry Fink and Other CEOs to Join China Trip for Xi Summit

Trump invited Tesla's Elon Musk, Apple's Tim Cook and Blackrock's Larry Fink to join his China trip for talks with Xi Jinping on trade, AI and geopolitics.

Trump says he aims to temporarily suspend federal gas tax

President Trump told CBS News' Nancy Cordes in a phone interview that he aims to suspend the federal gas tax amid surging gas prices.

The wealthy keep buying Manhattan real estate despite potential pied-à-terre tax

Real estate sales in Manhattan worth $4 million or more increased in the past month, according to Olshan Realty.

This data center derivative IPO has gone vertical since its debut. Wall Street sees more gains ahead

Madison Air is up more than 50% since its April IPO, and likely has more room to run on the back of the AI-linked data center boom, per Bank of America.

Texas firm looking to explore oil in rural Georgia

A Texas-based oil and gas company is seeking permission to drill exploratory wells in southwest Georgia, reviving the possibility of oil production in a state where commercial extraction has never taken hold.

Michael Burry is not a believer: 'For any stocks going parabolic reduce positions almost entirely'

Michael Burry said investors should "reject greed" as enthusiasm around artificial intelligence and momentum-driven trades pushes valuations sharply higher.

What are today's mortgage interest rates: May 11, 2026?

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Liberal policies don’t work even when rebranded as 'conservative'

This essay is part of The Right Way Forward, Restoring America’s new think tank debate series in which leading conservative institutions argue the defining questions of the post-Trump era. Read about the series here.