Tesla CEO Elon Musk said Wednesday that the company would begin phasing out its Model S and Model X electric vehicles this year and retool a California factory to produce humanoid robots instead

New “Trump Accounts” that provide $1,000 for babies are proving popular; Treasury Secretary Scott Bessent urged all families with kids under 18 to sign up.

A major portion of the United States is facing snow and frigid temperatures Wednesday morning as fears of another winter storm loom ahead of the weekend.

The Federal Reserve is set to meet and is expected to make a big decision on interest rates that is being closely watched by the White House and consumers. Meanwhile, Amazon has announced it will layoff about 16,000 people. NBC’s Christine Romans joins TODAY to break down what to expect from the Fed meeting and what’s behind Amazon’s decision to cut its workforce for the second time in three months.

Amazon said Wednesday it was slashing another 16,000 jobs across the company in an ongoing bid to restructure the sprawling trillion-dollar firm.

The Fed and chair Jerome Powell held interest rates steady as he faces a criminal investigation launched by President Donald Trump’s close ally.

The value of the U.S. dollar plunged after President Donald Trump said he was not concerned about the currency’s recent drop.

A voluntary recall has been issued for more than 80,000 Keurig coffee pods, according to the Food and Drug Administration.

Starting this week, people can begin filing taxes, but before submitting that return there are some big changes in effect this season. NBC’s Christine Romans joins TODAY to break down the key dates you need to know, tax deductions and credits and more.

The standard deduction and SALT cap are both higher and there are new perks for seniors, those who financed new cars and workers making tips or overtime