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The US economy has proven more resilient than many feared, but one Wall Street veteran says that a recession is only being held back by tech. Loading audio narration… Jim Paulsen, a markets strategist with more than 40 years of experience on Wall Street, argued that most of the economy is already in a recession. Tech spending has an outsized influence on economic growth, bolstering the data while the “old” economy struggles.”Technology may be the tail wagging the dog, but the rest is a recession by any other name,” Paulsen wrote in a Thursday Substack post.The ‘old era economy’ is…

Vishal Garg, Better.comSource: Better.comThe online mortgage platform Better has partnered with OpenAI to launch an app within ChatGPT that the companies said will dramatically reduce the time it takes to underwrite a mortgage or home equity loan, CNBC has learned exclusively.The app, to be announced later Thursday, takes Better’s mortgage engine and combines it with OpenAI’s models to speed up the underwriting process for loan officers working at banks, mortgage brokers and fintech firms, Better CEO Vishal Garg said in an interview.”Taking the mortgage underwriting process, which so many of us have experienced personally, from 21 days to as little…

A “For Sale” sign outside a house in the Capitol Hill neighborhood of Washington, DC, US, on Tuesday, Aug. 12, 2025.Al Drago | Bloomberg | Getty ImagesThe all-important spring housing market is off and running, and while the pace isn’t expected to be strong, there are signs of optimism, at least among sellers. Some who gave up last year are jumping back in. Nearly 45,000 homes that were delisted last year were relisted for sale in January, according to Redfin, a real estate brokerage. That is the highest January figure since Redfin began tracking this metric a decade ago and…

In this photo illustration, the TikTok logo and flag of the United States are seen on screens in January 2025 in Hong Kong. Anthony Kwan/Getty Images hide caption toggle caption Anthony Kwan/Getty Images A new organization launched to fight public corruption is suing President Trump and his attorney general, accusing them of flouting the law when they blessed the sale of TikTok’s U.S. assets to White House allies. The case, filed in a federal court in Washington, D.C., accuses the Trump administration of ignoring legislation designed to stop the spread of Chinese propaganda — and instead helping to broker a…

U.S. President Donald Trump and New York Attorney General Letitia James.Brian Snyder | David Dee Delgado | ReutersNew York Attorney General Letitia James and the top prosecutors of 23 other states are once again suing to block President Donald Trump’s global tariff regime, just days after a landmark Supreme Court decision struck down his previous effort.Their lawsuit, filed Thursday in the Court of International Trade, seeks to deem Trump’s latest tariffs illegal and order refunds to states.Last month, the Supreme Court invalidated most of Trump’s sweeping “Liberation Day” tariffs implemented last year, saying that his use of the International Emergency…

The younger version of myself would never have foreseen I’d end up living with my mummy and daddy at age 40, but sometimes life throws a spanner in the works.Earlier this year, my family of five moved to my hometown of the Gold Coast in Australia. I’d been living overseas, then in Melbourne and regional Victoria for 15 years.On a trip to see my folks last July, I noticed how much their health was declining and realized that my time with my parents was running out. It was now or never if I wanted to live close to them.The Gold…

I never thought my history major postgrad experience would be thrilling or lead to riches. That’s not why I studied history. Loading audio narration… I studied history at Tufts University, graduating in 2025 with no other majors or minors, because I liked it. I liked hearing stories and questioning their particulars; I liked my classmates and the intellectual freedom we could share.I loved debating whether Simone de Beauvoir is being overly dismissive of Rosa Luxemburg in “The Second Sex,” or if I find the Consort Yang scandal a satisfactory explanation for the An Lushan rebellion during the Tang Dynasty. Also,…

This as-told-to essay is based on a conversation with Griffin Johnson. It has been edited for length and clarity. Loading audio narration… I grew up on a farm in the Midwest. Like a lot of farm kids, I was around horses, but I didn’t know anything about the sport of horse racing. My dad is a factory worker, and my mom’s a nurse. They raised our family on about $60,000 a year, and we had no financial literacy. From the horses themselves to the fancy outfits at the Kentucky Derby, everything about racing felt unattainable.I enrolled in college, planning to…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high net worth investor and consumer. Sign up to receive future editions, straight to your inbox.The Iran war has shaken Dubai’s status as a global wealth hub, as legions of expatriates scramble to escape and family offices and wealth managers reconsider their Middle East footprint.For the past decade, Dubai has successfully marketed itself as a safe haven for the global elite. Attracted by the sun, safety and tax-free income, Dubai’s millionaire population has doubled since 2014 to more than 81,000, according to…

Zoey Gong, a Chinese medicine food therapist, was days away from boarding an Emirates flight from Paris to Shanghai via Dubai, United Arab Emirates, when the U.S. and Israel attacked Iran on Saturday.Gong, 30, had her flight plans derailed as a result, and she told CNBC that she had to pay $1,600 to get to Shanghai, more than double the price of her original ticket.She’s one of millions of travelers swept up in war and other conflicts from Iran to Mexico this year, problems that are threatening the global tourism industry that’s worth an estimated $11.7 trillion to the world’s…