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The Trump administration reclassified marijuana as a less harmful substance on Thursday, removing barriers to research and generating tax benefits for the legal industry. Cheered by advocates and criticized by some Republicans, the move doesn’t legalize marijuana use nationwide, but removes cannabis from the same federal category as heroin and ...

China stashed more than three times as much crude oil as the US in 2025, new data shows. The US government report underscores how intensely China worked to bolster its reserves ahead of the Iran war, giving it a crucial buffer in the face of energy supply disruptions during the ...

The News The US government will buy a stake in Spirit Airlines if it can “get it for the right price,” President Donald Trump said Thursday. “We’re thinking about doing it, helping them out, meaning bailing them out, or buying it — I think we’d just buy it, we’d be ...

Ypsilanti Township in Michigan is attempting to cut off the flow of water to a planned data center that would power a new generation of nuclear weapons research. On Wednesday, the Township’s Board of Trustees voted to institute a 365 day moratorium on the delivery of water to hyperscale data ...

Liz’s view When we broke the story of Microsoft’s $10 billion investment in OpenAI in January 2023, I said two things that now seem pretty stupid. First, I asked my colleague Reed Albergotti what OpenAI was. Second, I confidently said on CNBC that people should think of the deal more ...

Lululemon’s shares dropped 11% Thursday after the athleisure brand picked Heidi O’Neill as its new CEO, an indication the market knows what everyone in the retail business already did. O’Neill was passed over in 2024 to run Nike (Elliott Hill came out of retirement for the gig) after a quarter ...

Oman and Saudi Arabia can expect a windfall from higher oil prices due to the Iran war, according to Goldman Sachs. Oil revenues for the two countries have risen as crude prices have surged due to the effective closure of the Strait of Hormuz; with all its ports outside the ...

Florida might redraw its congressional maps to add red seats after Virginia voters cleared the way this week for a Democratic gerrymander. But some in the state’s Republican delegation are warning they won’t be able to squeeze that many more seats out. Rep. Kat Cammack, R-Fla., said they could add ...

Americans have grown more pessimistic about the US economy in the weeks since the US-Israel war with Iran began, underscoring a key challenge for the White House as it looks to blunt the impact of rising gas prices and other goods. Gallup’s Economic Confidence Index dropped 11 points since March, ...

The White House correspondents’ dinner has always been a questionable affair. It’s even more worrying under an anti-press administration Even in the pre-Trump era, I had reservations about the annual black-tie celebration in Washington that some have dubbed “the nerd prom” but is more formally known as the White House ...