The U.S. Capitol in Washington, D.C., U.S., on Monday, Jan 31, 2022. Al Drago | Bloomberg | Getty Images Republican-led super PACs outraised their Democratic rivals in the latter half of last year, giving them more financial firepower ahead of this year’s congressional midterm elections. Democrats have a slight majority […]
CNBC News
Suburban sprawl is weighing on the U.S. economy
America’s suburbs are sprawling again. Last year, single family housing starts rose to 1.123 million, the highest since 2006, according to the National Association of Home Builders, however, options for prospective homebuyers remain lean. Experts say the problems of America’s housing market relate to past policy decisions. In particular, they […]
Stocks dip slightly to start February after S&P 500’s worst month since March 2020
Stocks dipped slightly Tuesday, following a wild January on Wall Street that saw investors struggle with a Federal Reserve policy shift. The Dow Jones Industrial Average shed about 35 points. The S&P 500 and the Nasdaq Composite each ticked down 0.2%. “The market is just marginally lower for today so […]
U.S. Covid fatalities reach highest level in a year as omicron cases subside
Employees of a funeral home and staff from Bucharest University Hospital morgue, all wearing personal protective equipment, prepare a COVID-19 victim for transport to a cemetery, in Bucharest, Romania, October 29, 2021. Inquam Photos | Reuters The ChristianaCare health system in Wilmington, Delaware, implemented “crisis standards of care” for the […]
Legendary NFL QB Tom Brady announces retirement in social media posts
Legendary NFL quarterback Tom Brady announced his retirement Tuesday after 22 record-breaking seasons. The 44-year-old posted a photo and statement to his social media accounts explaining his decision to stop playing football. Brady wrote that he felt he could no longer make the commitment required to succeed in the NFL. […]
There were 4.6 million more job openings than unemployed workers in December
A woman walks past a “Now Hiring” sign in front of a store on January 13, 2022 in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Job openings totaled nearly 11 million in December while the Great Resignation cooled off, according to Labor Department data Tuesday. Reflecting a tightening […]
AT&T to spin off WarnerMedia in $43 billion Discovery media merger, cuts dividend
AT&T said on Tuesday it will spin off WarnerMedia in a $43 billion transaction to merge its media properties with Discovery and also cut its dividend by nearly half. AT&T shareholders will own 71% of the new Warner Bros. Discovery company and will receive 0.24 shares of Warner Bros. Discovery […]
S&P 500 futures are flat after benchmark wraps up worst month since March 2020
Stocks futures were little changed on Tuesday morning, following a wild January on Wall Street that saw investors struggle with a Federal Reserve policy shift. Futures tied to the Dow Jones Industrial Average rose about 32 points, or 0.09%. S&P 500 futures traded 0.1% higher, and Nasdaq 100 futures added […]
Aston Martin launches the DBX707, says it’s the most powerful luxury SUV in the world
LONDON — British carmaker Aston Martin Lagonda on Tuesday launched a new non-electric SUV called the DBX707. “It will be, and is, the greatest ultra-luxury, high performance SUV in the world,” Aston Martin Executive Chairman Lawrence Stroll told CNBC in an interview. Aston Martin said the car has a 4.0 […]
Exxon Mobil’s fourth-quarter profit tops estimates as oil and gas prices soar; shares rise
Exxon Mobil’s revenue jumped more than 80% year over year during the fourth quarter amid a rebound in oil and gas prices, the company said Tuesday. With Exxon now in a stronger financial position, the company said it will begin to buy back stock during the first quarter. The oil […]