Economy
Homes in Hercules, California, US.Bloomberg | Bloomberg | Getty ImagesAfter surging over 8% in October, mortgage rates are falling back toward 7% again, and that is jump-starting the refinance market.Last week, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.17%…
Six quarters of shrinking margins among S & P 500 companies have ended — and according to a Barclay’s analysis, that flip has historically led to a higher market in the months ahead. “Post-margin inflection market returns” averaged 15% to 17%” over the next six to 12 months, with consistent…
MOSCOW, RUSSIA – SEPTEMBER 9: (RUSSIA OUT) Russian President Vladimir Putin delivers a speech during the concert marking the City Day on September 9, 2023 in Moscow, Russia. Putin and Moscow’s Mayor Sobyanin, who is expected to be re-elected this week took part in the festive events. (Photo by Contributor/Getty…
Elon Musk, chief executive officer of Tesla Inc., during a fireside discussion on artificial intelligence risks with Rishi Sunak, UK prime minister, not pictured, in London, UK, on Thursday, Nov. 2, 2023. Tolga Akmen | Bloomberg | Getty ImagesTesla faces a growing revolt in Scandinavia after Danish dockworkers joined a sympathy…
The Wall Street bronze Bull looks out to an empty Broadway in Lower Manhattan, New York, on Aug. 28, 2011, as Hurricane Irene hits the city and tri-state area with rain and high winds.Stan Honda | Afp | Getty ImagesAn EU wealth tax, the “end of capitalism” in the U.S.…
Dubai, UNITED ARAB EMIRATES — A global rush for the next wave of generative artificial intelligence is increasing public scrutiny on an often-overlooked but critically important environmental issue: Big Tech’s expanding water footprint.Tech giants, including the likes of Microsoft and Alphabet-owned Google, have recently reported a substantial upswing in their…
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. U.S. stocks gained in midmorning trading Tuesday, with the S & P 500 up 0.14% and the Nasdaq Composite up 0.64%. Technology stocks were…
Avoiding mistakes in business and life comes down a few simple things, according to billionaire investor Charlie Munger, who died last week at age 99: good financial habits, integrity and “avoiding toxic people and toxic activities.”Munger shared the advice during a Q&A session at Berkshire Hathaway’s annual shareholders meeting in…
Charlie Munger died on Nov. 28 at age 99. These reflections on his life and career, which he wrote for CNBC Make It, are among his final writings.My children and grandchildren might not think exactly the way I do, but I hope they can observe my life as an example of…
A person walks by a CVS pharmacy store in Manhattan, New York, U.S., November 15, 2021.Andrew Kelly | ReutersCVS Health on Tuesday said it will revamp how it prices prescription drugs and scrap a complex model that typically sets how much pharmacies get reimbursed and what patients pay for those…