Best Buy is at a critical juncture as the consumer electronics retailer aims to revitalize its performance under incoming CEO Jason Bonfig, who spoke exclusively with CNBC about his strategy for the company.

Find the full report in related video.

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The Federal Reserve is forecasting relatively strong GDP growth in 2026, attributable to gains in worker productivity.

One long-run economic model indicates that generative AI may have dramatic effects on both labor productivity and employment.

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China and the U.S. may be competing for dominance in artificial intelligence, but some Chinese manufacturers are eyeing the U.S. data center buildout as an opportunity.

CNBC’s Eunice Yoon has the details.

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There’s a land grab underway in the U.S. for perpetual futures, one of the biggest and riskiest parts of the crypto trading world — and prediction markets Kalshi and Polymarket reportedly want a piece of it.

Watch the related video to learn why prediction markets are preparing to invade one of crypto’s biggest and riskiest trades.

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Progressive political candidates have clamored to launch public banks in the lead-up to the 2026 midterm elections. However, there is just one active example in the United States: the Bank of North Dakota. Chartered in 1919, this bank uses tax revenue from the state to fund and execute strategic economic development priorities for North Dakota. The bank has assisted in sales of fossil fuel assets, a presidential library, and general lending to citizens and businesses in need. CNBC’s Garrett Downs reports on this “socialist experiment” unfolding deep in Trump country.

Chapters:
00:00 Introduction
01:14 Strategic investments
03:32 Cowboy socialism
06:34 Politics

Reporter: Garrett Downs
Produced and Shot by: Carlos Waters
Edited by: Andrea Miller
Additional Camera by: David Soltis
Animation: Jason Reginato, Emily Park
Senior Managing Producer: Shawn Baldwin
Additional Footage: Getty Images

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The ‘Socialist’ Bank Thriving In Trump Country

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