Mortgage rates slingshot higher as tariff uncertainty roils markets
A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates hit their highest level in over a month this week, reversing course after a period of improvement. The average rate on the 30-year fixed rate jumped 22 basis points Monday and another 3 […]
GM killing Cadillac XT6, extending production of XT5 in Tennessee
A Cadillac XT6 vehicle is seen at the La Fontaine Cadillac dealership in Highland, Michigan, September 18, 2019. Rebecca Cook | Reuters DETROIT — General Motors is ending production this year of a gasoline-powered Cadillac crossover at a plant in Tennessee, while extending production of another vehicle at the facility, CNBC has learned. The Detroit […]
FDA guts education, training division as part of RFK Jr.’s cuts
The Food and Drug Administration has gutted a division responsible for training agency staff and outside health-care professionals on an array of key public health, regulation and safety practices and supporting professional development for employees, CNBC has learned. In an email viewed by CNBC, workers were notified that the Division of Learning and Organizational Development, […]
U.S. financial regulator says email hack exposed sensitive bank data
A pedestrian passes the seal of the Office of the Comptroller of the Currency (OCC) displayed outside the organization’s headquarters in Washington, D.C., U.S., on Wednesday, March 20, 2019. Andrew Harrer | Bloomberg | Getty Images The Office of the Comptroller of the Currency on Tuesday said that a February hack of its email systems […]
Walmart+ memberships boost sales amid Trump tariffs, recession fears
Shoppers at the Walmart Supercenter in Burbank during Walmart’s multi-week Annual Deals Shopping Event in Burbank Thursday, Nov. 21, 2024. Allen J. Schaben | Los Angeles Times | Getty Images As tariffs roil the U.S. economy, Walmart may find safety in a new part of its business that’s driving more store traffic and online sales: […]
Walgreens (WBA) earnings Q2 2025
A sign for US drugstore chain Walgreens is displayed outside its store in New York City on March 7, 2025. Angela Weiss | AFP | Getty Images Walgreens on Tuesday reported fiscal second-quarter earnings and revenue that topped expectations, as the retail drugstore giant benefits from cost cuts and prepares to go private. The company […]
Spirit Airlines CEO Ted Christie steps down
Ted Christie, CEO of Spirit Airlines, is shown in 2019 at the companyâs corporate headquarters in Miramar. Carl Juste | Miami Herald | Tribune News Service | Getty Images Ted Christie, CEO of Spirit Airlines, is stepping down from his role leading the embattled carrier, effective Monday, the company said. A group of several company […]
Recession fears hit Starbucks, Chipotle, McDonald’s stocks
Following announcements of layoffs, a Starbucks store is shown in Encinitas, California, U.S., February 24, 2025. REUTERS/Mike Blake Mike Blake | Reuters Restaurant stocks fell in morning trading Monday, fueled by investors’ fears that a recession is coming. U.S. stocks have tumbled for three consecutive days after President Donald Trump shocked the markets with high […]
GM reveals Corvette EV concept car as it reconfirms Europe commitment
An angle view of the new Chevrolet Corvette concept car. GM DETROIT — General Motors on Monday revealed a new all-electric Chevrolet Corvette concept car as part of the opening of a new design studio in England. The car features a sleek, aerodynamic exterior that resembles a futuristic IMSA race car more than a traditional Corvette, but […]
Auto sales are on a ‘roller coaster ride’ as tariffs take effect
DETROIT — Prices of new and used vehicles in the U.S. are expected to notably increase this year amid President Donald Trump’s 25% auto tariffs, according to a new analysis from industry experts at Cox Automotive. The automotive data and advisory firm expects the levies to add thousands of dollars to the costs of new […]
