U.S. stocks rose on Wednesday, recovering most of from Tuesday’s slide, after President Donald Trump tweeted support for aid to airlines and other stimulus measures. The Dow Jones Industrial Average traded 356 points higher, or 1.3%. The S&P 500 climbed and Nasdaq Composite advanced 1.3% and 1.4%, respectively. It was […]
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Mortgage rates set another record low, sparking new strength in refinances
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images Mortgage rates moved even lower last week after setting multiple record lows in recent months, spurring more borrowers to call their lenders and apply […]
Congress just finished its Big Tech antitrust report — now it’s time to rewrite the laws
House Democrats just unveiled their nearly 450-page antitrust report outlining 16-months worth of findings and recommendations from their investigation into Amazon, Apple, Facebook and Google. Now the real work begins. Lawmakers are charged with arduous task of rewriting the U.S. antitrust laws — something that hasn’t been done in earnest in […]
Rock legend Eddie Van Halen has died after long battle with throat cancer
Eddie Van Halen, guitarist and co-founder of the rock band Van Halen, has died after a long battle with throat cancer. He was 65. Van Halen’s son, Wolfgang, confirmed the musician’s death on social media. “He was the best father I could ever ask for,” he wrote in a Twitter […]
U.S. stock futures rebound from Tuesday’s decline as Trump urges airline aid
Futures rebounded Wednesday from Tuesday’s slide after President Donald Trump tweeted support for aid to airlines and other stimulus measures. It was unclear whether this meant Trump was walking back his halt of stimulus talks with Democrats, a move which knocked the Dow Jones Industrial average down by more than […]
U.S. stock futures turn higher after Trump appears to change course on stimulus
Stocks fell on Tuesday after President Donald Trump tweeted the White House would halt stimulus talks with Democrats, but futures moved higher in early trading Wednesday after he tweeted that he would approve a series of relief measures. Dow futures pointed to an opening gain of 200 points. S&P 500 […]
Here’s what Mike Pence and Kamala Harris need to do in the vice presidential debate
Kamala Harris and Mike Pence Reuters WASHINGTON — Vice President Mike Pence and Sen. Kamala Harris will lock horns in Salt Lake City Wednesday night in the first and only vice presidential debate of 2020. But the coronavirus will cast a shadow over the show. With less than four weeks […]
McDonald’s adds bakery items to menu in push for breakfast customers
McDonald’s new cinnamon roll, apple fritter and blueberry muffin Source: McDonald’s McDonald’s is adding baked goods to its permanent menu for the first time in more than eight years as the fast-food giant tries to revive its breakfast sales. Starting Oct. 28, customers will be able to buy an apple fritter, […]
‘I’ve been on pause for six months’: ‘Long Covid’ sufferers struggle to return to work
Tommaso79 | Getty Images From migraines to fatigue, coronavirus patients say they are continuing to suffer debilitating symptoms months after first becoming infected, in what has become known as “long Covid.” Claire Twomey, 33, a social worker in County Meath, Ireland, told CNBC via telephone that it was in her […]
Barclays wealth manager spots a worrying trend for Big Tech, warns of another sell-off
Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues New York, May 27, 2020. Lucas Jackson | Reuters U.S. tech megastocks spearheaded a global market sell-off in September, and a key underlying factor could have […]