Lifestylevisuals | E+ | Getty Images Adjustable-rate mortgages are making a comeback. With interest rates surging, more buyers are turning to ARMs, which offer lower initial rates than fixed-rate loans. However, after a certain period, the rate on the ARM adjusts to reflect current market conditions. “You have double the number of borrowers out there
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The Chevron logo is displayed as a tanker truck enters the Chevron Products Company El Segundo Refinery on January 26, 2022 in El Segundo, California. Patrick T. Fallon | AFP | Getty Images Chevron‘s profit more than quadrupled during the first quarter of 2022, as higher oil and gas prices boosted the company’s results. The
In this article AAPL Apple CEO Tim Cook greets customers at the new Apple Store on Broadway in downtown Los Angeles, California, U.S., June 24, 2021. Lucy Nicholson | Reuters Apple will report second-quarter earnings on Thursday after the bell. Here’s what Wall Street is expecting from Apple in the second quarter, according to Refinitiv
Russian is one of five nations that hold a veto power on the U.N’s Security Council. Carlo Allegri | Reuters The United Nations deputy secretary-general has told CNBC there will be “lessons learned” from the war in Ukraine. Speaking Wednesday after the release of the U.N’s “2022 Financing for Sustainable Development Report,” Amina Mohammed said
U.S. consumers spent 8.4% more in February 2022 than they did a year prior, according to data from Morning Consult. Some experts are labeling this as “revenge spending,” or the act of trying to make up for two years of not being able to go out by spending more than they typically would on recreational activities. People,
Building wealth is cool. That’s a mantra of Modern Blk Girl, a community aimed at teaching Black women the importance of investing and wealth creation that was founded by Tiffany James when she was just 25. Like most newly minted college graduates, James had student loan debt and was living just barely within her means
Georgia Governor Brian Kemp makes remarks during a visit to Adventure Outdoors gun shop as he pushes for a new state law to loosen requirements to carry a handgun in public, in Smyrna, Georgia, January 5, 2022. Alyssa Pointer | Reuters High school students in Georgia will soon have guaranteed access to a personal finance
Loading chart… Weber Inc: “I would not sell this thing … because it makes money.” Loading chart… Magnolia Oil & Gas Corp: “I think it’s a good company. … I like it.” Loading chart… Affirm Holdings Inc: “It doesn’t make money, I know, but it’s [chief executive] Max Levchin. Max Levchin will figure something out.”
In this article AMZN Amazon CEO Andy Jassy speaks with CNBC’s Jon Fortt. CNBC Amazon will report first-quarter earnings after the bell on Thursday. Here’s what Wall Street is expecting: Earnings: $8.36 per share, according to Refinitiv Revenue: $116.3 billion, according to Refinitiv Here are some other key revenue numbers: Amazon Web Services: $18.27 billion
Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images LONDON — Nium, a $2 billion digital payments start-up based out of Singapore, has big plans for its European business. The company, whose software helps
Joe Raedle | Getty Images News | Getty Images A single lottery ticket sold in Arizona is about to change someone’s life — after the IRS takes a piece of the windfall, of course. Wednesday night’s Powerball drawing resulted in one ticket matching all six numbers drawn to land the $473.1 million jackpot. The amount
Tetra Images | Tetra images | Getty Images There’s a recent uptick in states swapping tiered income taxes for a flat tax, charging the same rate to all residents, regardless of earnings. Over the past 100 years, only four states have changed from graduated rates to flat taxes, according to the Tax Foundation. Another three
Mint Images | Mint Images Rf | Getty Images Americans may be getting more information about a big financial choice regarding pension benefits. Pension plans traditionally pay retirees monthly streams of income that last for the rest of their lives. Companies may also offer a lump sum to current and former employees, allowing them to
Ben Rains dives into the market after the Nasdaq fell into bear market territory earlier this week. The recent selling and larger 2022 downturn sent many growth stocks to levels that might start making them attractive to long-term investors, even if near-term volatility remains. The three beaten-down tech stocks we explore today ahead of earnings
Today, the U.S. Food and Drug Administration (FDA) unveiled long-anticipated proposed regulations banning the sale of menthol cigarettes and flavored cigars, part of ongoing efforts to support smoking cessation. Critics doubt, however, whether banning mentholated cigarettes will reduce smoking or instead simply channel menthol smokers toward other tobacco products—or smuggled menthols. And states have yet
In this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later. In 2013, the idea of an app for mental health-care may have seemed novel, if not monumental in terms of a global challenge for a disruptive start-up. But times have changed. A global pandemic that
In this article TWTR Musk would have been appointed to Twitter’s board on Saturday, but the world’s richest man informed the company on the day that he would not, in fact, be taking the board seat. Andrew Burton | Getty Images News | Getty Images Twitter is set to report earnings for the first quarter
In this article FB TDOC LUV MCD CAT Pavlo Gonchar | LightRocket | Getty Images Check out the companies making headlines in midday trading. Meta Platforms — Shares of the company formerly known as Facebook surged 17% after reporting mixed first-quarter results. The company posted a beat in earnings but a disappointing revenue miss. It also
In this article TSLA TWTR Tesla head Elon Musk talks to the press as he arrives to have a look at the construction site of the new Tesla Gigafactory near Berlin on September 03, 2020 near Gruenheide, Germany. Maja Hitij | Getty Images The world’s richest person could soon add another title to his name