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Finance
Fed Chair Powell to deliver key speech Thursday: Here’s what to expect
U.S. Federal Reserve Chairman Jerome Powell holds a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in…
The 30-year fixed mortgage rate just hit 8% for the first time since 2000 as Treasury yields soar
JB Reed | Bloomberg | Getty ImagesThe average rate on the popular 30-year fixed mortgage rate hit 8% Wednesday morning, according to Mortgage News Daily. That is the highest level…
Bad news for commercial real estate: Architects report a big drop in business
Construction workers erect a building in downtown Miami, Florida, on June 14, 2023. Jim Watson | AFP | Getty ImagesArchitecture firms reported a sharp drop in business in…
Bipartisan support grows for Rep. Patrick McHenry to be temporary House speaker
Representative Patrick McHenry (R-NC), the temporary leader of the House of Representatives and the speaker pro tempore, holds the gavel in the House Chamber as they prepare to…
This is the best university in the U.S, according to global rankings—it isn’t an Ivy League
Ivy League institutions consistently rank at the top of U.S.-based college rankings. Princeton University earned the top spot on both The Wall Street Journal's and U.S. News and…
AirAsia CEO Tony Fernandes criticized for LinkedIn post showing topless massage during meeting
A LinkedIn post by Capital A CEO Tony Fernandes.Tony Fernandes | LinkedInThe head of low-cost airline AirAsia has deleted a social media post apparently showing him taking a…
Stocks making the biggest moves premarket: Procter & Gamble, United Airlines, Nvidia and more
Check out the companies making headlines before the bell. Nvidia — Nvidia fell more than 1% after Morgan Stanley and Citi lowered their price targets on the chipmaker, a day after…
Morgan Stanley tops profit estimates on better-than-expected trading results
James Gorman, Morgan Stanley CEO, July 18, 2023.CNBCMorgan Stanley posted third-quarter results that topped profit estimates on better-than-expected trading revenue.Here's what the…
Adidas shares climb after boost from Yeezy sales, guidance raise
Shoes are offered for sale at an Adidas store in Chicago, Feb. 10, 2023.Scott Olson | Getty ImagesAdidas on Tuesday hiked its full-year guidance and posted stronger-than-expected…
Apple supplier Foxconn says it’s ‘way too late’ to chase dominance in cutting-edge chips
Apple iPhone supplier Foxconn, officially known as Hon Hai, said its semiconductor strategy is to focus on producing "specialty chips" — not competing in cutting-edge chips."We do…