Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

The May jobs report, set to be released Friday morning, is expected to show that hiring has remained steady despite growing inflation.

The Justice Department has signed off on Paramount Skydance’s $110 billion acquisition of Warner Bros. Discovery, a person familiar with the matter told NBC News.

Major stock indexes fell sharply after a strong jobs report set the stage for the Federal Reserve to hike rates.

OpenAI announced it has filed to offer its stock on public markets, just a week after its chief rival, Anthropic, did the same.

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

SpaceX on Thursday set its final IPO price at $135, the last stage in a long-running process to bring Elon Musk’s space and AI conglomerate public.

Consumers and U.S. workers are feeling the pinch of a wage growth rate that lags behind the rate of inflation.

SpaceX, the largest IPO to ever hit the public market, began trading and soared 30%, making Elon Musk the world’s first trillionaire.

© Jeenah Moon

Wholesale inflation surged to its highest level since late 2022, as fuel prices pushed higher by the war with Iran ripple across the economy.

“60 Minutes” correspondents Leslie Stahl, Bill Whitaker and Jon Wertheim said Friday that they planned to stay on at the newsmagazine, capping days of turmoil.