Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Mortgage rates didn’t move at all last week, and are still sitting near a recent high. With home prices continuing to rise, that pushed more potential homebuyers to the sidelines. Total mortgage application
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In this article WFC Follow your favorite stocksCREATE FREE ACCOUNT Wells Fargo building in San Francisco. Source: CNBC Wells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock. The company also said its board of directors approved a previously announced dividend increase, to 35 cents per share from
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella appears at an event with senior officials and CEOs in the East Room of the White House in Washington on June 22, 2023. Chris Kleponis | CNP | Bloomberg | Getty Images Microsoft will report results for its fiscal fourth quarter
A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a net profit of 763 million euros ($842 million) for the second quarter of 2023, narrowly beating expectations despite a 27% year-on-year decline. The bank’s net
Are you prepared? That was the question that many in the travel industry asked following China’s surprise reopening announcement in the final days of 2022. Many assumed that a torrent of travelers would be lining up to venture outside of China after three years of harsh “zero-Covid” policies. Yet, many residents stayed home —
Michael H | Stone | Getty Images Car repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service. So, what’s driving up prices? It’s a combination of
Construction on a real estate project in Yantai, Shandong province, gets under way on July 8, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China is changing its tone on the struggling real estate sector, paving the way for policy support. Beijing’s crackdown on the once-hot property market has focused on financial risks of
In this article UPS Follow your favorite stocksCREATE FREE ACCOUNT United Parcel Service (UPS) driver pushes a dolly of packages towards a delivery van on a street in New York. Victor J. Blue | Bloomberg | Getty Images UPS and the union representing more than 300,000 workers at the package carrier on Tuesday said they
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT Sundar Pichai, CEO, Alphabet Inc., during the Google I/O developers conference in Mountain View, California, May 10, 2023. David Paul Morris | Bloomberg | Getty Images Alphabet will report second-quarter earnings after the close of regular trading on Tuesday. Here’s what Wall Street is expecting:
In this article WFC MSFT GOOGL SNAP RHI TDOC Follow your favorite stocksCREATE FREE ACCOUNT Visitors are seen at Google Headquarters in Mountain View, California, United States on May 15, 2023. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines after the bell. Alphabet — Shares of the Google parent
Luxury behemoth LVMH on Tuesday reported a surprising drop in U.S. sales in the second quarter, as its chief financial officer said “aspirational customers are not shopping as much as they used to.” LVMH’s U.S. sales slid 1% in the second quarter from the prior-year period. The disappointing results in the U.S. market came after
Andresr | E+ | Getty Images After years of low interest payouts, savings accounts now are paying higher yields, after a series of interest rate hikes from the Federal Reserve. But many Americans still aren’t getting the best rates for their cash. Despite inflation concerns, nearly 70% of middle-income Americans haven’t moved savings to higher-yielding
President Joe Biden speaks on July 25, 2023. Samuel Corum/Sipa/Bloomberg via Getty Images The White House on Tuesday forgave $130 million in student debt for 7,400 borrowers who attended CollegeAmerica, a now-defunct institution in Colorado that officials said misled borrowers about their loans and career prospects. These borrowers “were lied to, ripped off and saddled
A house is for sale in Arlington, Virginia, July 13, 2023. Saul Loeb | AFP | Getty Images Home prices in May rose for the fifth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening. The gains come despite a sharp jump in mortgage interest rates during the month.
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT — General Motors is set to report its second-quarter earnings before the bell Tuesday. The Detroit automaker is expected to report solid results, driven by favorable industry trends of high prices on
Budrul Chukrut | LightRocket | Getty Images Shares of Spotify fell 7% Tuesday after the company released second-quarter results that missed analysts’ estimates for revenue and offered weaker-than-expected guidance. Here’s how the company did: Loss per share: Loss of 1.55 euros, not comparable to estimates Revenue: 3.18 billion euros vs. 3.21 billion euros expected by analysts, according
In this article MMM ALK A SPOT DHR XRX Follow your favorite stocksCREATE FREE ACCOUNT Maplewood, Minnesota, 3M company global headquarters. Michael Siluk | Universal Images Group | Getty Images Check out the companies making headlines in premarket trading. General Motors — Shares of General Motors rose more than 1% after the automaker raised its
Leon Black, chairman and chief executive officer of Apollo Global Management LLC, at the annual Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 27, 2015. Patrick T. Fallon | Bloomberg | Getty Images A Senate panel on Tuesday revealed a yearlong investigation into Apollo Global Management co-founder Leon Black‘s ties to
Getting a foot in the door of a company is often a major hurdle for people with disabilities looking for employment, even 33 years after the passage of the Americans with Disabilities Act. The ADA is a federal law requiring employers to make “reasonable accommodations” — adjustments or modifications — for qualified job applicants or employees