Home sales surged in October before mortgage rates jumped
A home with a “Sold” sign from a real estate company in North Patchogue, New York. Steve Pfost | Newsday | Getty Images A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales of previously owned homes last month rose 3.4% from September to a seasonally adjusted, […]
Investors can look ahead to Nvidia, Treasury bonds and a bullish finish to 2024
The stock market is entering its usually favorable holiday season.
How women billionaires make, spend and give away their fortunes
Alice Walton speaks onstage during the Getty Medal Dinner 2022 at Getty Center on October 03, 2022 in Los Angeles, California. Stefanie Keenan | Getty Images Entertainment | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to […]
Caitlin Clark joins NWSL Cincinnati ownership group
Caitlin Clark, #22 of the Indiana Fever, brings the ball up the court against the Dallas Wings at Gainbridge Fieldhouse in Indianapolis, Indiana, on Sept. 15, 2024. Justin Casterline | Getty Images Caitlin Clark has joined an ownership group looking to create a National Women’s Soccer League team in Cincinnati, Ohio. NWSL Commissioner Jessica Berman […]
Trump’s Treasury pick is Scott Bessent. He’s said it’s absurd to fear ‘Trump-flation.’
President-elect Donald Trump has selected hedge-fund manager Scott Bessent to serve as secretary of the Treasury Department.
Thousands of Americans see their savings vanish
Oscar Wong | Moment | Getty Images For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family. When she and her husband sold the house last year, they stowed away the proceeds, $282,153.87, in what they thought of as a safe place — an […]
While legalizing marijuana is in limbo, FDA clears a PTSD study that could boost cannabis stocks over time
The move marks a rare action by the FDA to sanction a study on cannabis despite the plant’s current Schedule I classification under federal law as a drug with no therapeutic use, in the same category as heroin and LSD.
‘Wicked,’ ‘Gladiator II’ opening weekend heads for $200 million
Posters for Wicked and Gladiator II Sources: Universal (L), Paramount (R) The box office this weekend will be painted pink and green, with a splash of red. Universal’s “Wicked” and Paramount’s “Gladiator II” arrive ahead of the Thanksgiving holiday and are expected to tally more than $200 million in combined ticket sales this weekend. “‘Wicked’ […]
Retailers like Macy’s, Gap and TJX jack up store card APR
Tommy | Digitalvision Vectors | Getty Images Dozens of the largest U.S. retailers and their bank partners jacked up interest rates on their store-branded cards to record highs in the months before the Federal Reserve began cutting rates, as the companies looked to pad profits during a stretch of sluggish sales. At least 50 companies […]
Oil prices slip as weak European data trumps concerns about Russia and Ukraine
Crude-oil prices sank on Friday after a gauge of European business activity sank to a 10-month low, the latest indication that demand for the essential commodity was set to weaken.
