Jacob J. Lew served as U.S. Treasury Secretary from 2013 to 2017. The opinions expressed in this commentary are his own. After weeks of partisan gridlock, Congress is on track to extend the debt ceiling, averting a potential default looming in less than two weeks. But the solution merely moves […]

Of the 21 schemes in the category, seven have given a return of more than 100 per cent in a year. Infrastructure funds, which bet on stocks closely linked with infrastructure development in the country, have emerged as one of the best-performing categories over the past year. They have generated […]

US Secretary of Defense Lloyd J. Austin, in testimony to the Senate Armed Services Committee, explained a number of hard truths of lessons learned from Afghanistan. “We helped build a state, but we could not forge a nation,” the U.S. Defense chief told the Committee Tuesday, summarizing the United States’ […]

At the Tesla shareholders' meeting on Thursday, CEO Elon Musk said the three paths to sustainabiity are solar and wind power, batteries for energy storage, and electric vehicles of every kind. He also endorsed a tax on carbon dioxide emissions. "So how about a carbon tax? We just really need […]

Peloton wants to be known as a health and wellness company, not a fitness business. Peloton's Chief Marketing Office Dara Treseder said Thursday during CNBC's CMO Exchange virtual event that the company wants to reach its users authentically, through organic interactions among users. Treseder also spoke to how Peloton invests […]

European stocks may open higher on Thursday as investors await another day of Congressional testimony by Fed Chair Jerome Powell and keep a wary eye on the situation at China Evergrande Group. Powell’s chances of getting another four-year term as head of the Federal Reserve took a hit Tuesday after […]

The recent Reserve Bank of India (RBI) norms on tokenisation services, which will be offered by card networks, are likely to result in merchants and payment aggregators incurring a cost as they have to pay a fee to the networks. The merchants and the payment aggregators, in turn, may pass […]

Compared to the rest of the world, the United States has a relatively high standard of living. However, in a country home to over 328 million people spanning nearly 3.8 million square miles, there are outliers — places where quality of life has been eroded by any number of economic […]

With cars like the Toyota Corolla and the Honda Civic selling in very small numbers and potentially even being phased out, the Octavia has very little competition, says Pavan Lall. Almost 20 years after it was launched in India, the Skoda Octavia stands refreshed, renewed and totally reinforced as a premium […]

A day before Dave Chappelle’s Untitled documentary is set to screen at the Hollywood Bowl and the comedian is expected onstage, his new Netflix special The Closer is generating a growing backlash over remarks about the trans and LGBTQ+ communities. “Gender is a fact,” Chappelle declares in the special that […]