Even with declining mortgage rates, the number of pending home sales fell last month to the lowest level on record, a National Association of Realtors report reveals. NAR’s Pending Home Sales Index shows that the number of pending home sales dropped 5.5% in July and was down 8.5% compared with […]
CNBC News
Best Buy is the stock of the summer — plus 2 more encouraging economic updates
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market check: The S & P 500 is limping into the long weekend, giving back most of its earlier gains in […]
Nvidia isn’t the only way to invest in AI—how to choose an AI ETF
Chipmaking giant Nvidia reported second-quarter financial results after the closing bell on Wednesday, and the numbers were predictably impressive. The firm reported a 122% increase in sales in the quarter ending in July to go along with earnings that eclipsed Wall Street expectations. Shares were down about 6% on Thursday. […]
Mortgage rates are falling, improving home buying conditions. Here’s what to know before you act
The Good Brigade | Digitalvision | Getty Images Mortgage rates are falling Mortgage rates have already started to come down from recent highs, largely due to the prospect of a Federal Reserve-induced economic slowdown. The average rate for a 30-year, fixed-rate mortgage dropped to 6.35% on August 29 from 6.46% […]
MongoDB shares surge as high as 16% on guidance boost
Dev Ittycheria, CEO, MongoDB. Scott Mlyn | CNBC MongoDB shares jumped as much as 16% in extended trading Thursday after the database software maker reported healthy fiscal second-quarter earnings and pushed up full-year guidance. Here’s how the company did against LSEG consensus: Earnings per share: 70 cents adjusted vs. 49 […]
Highly persuasive people are great at arguing—they use these 3 tactics, says Ivy League psychologist
The next time you catch yourself nodding along to something you disagree with, stop and calmly enter the argument instead. That’s advice from Adam Grant, an organizational psychologist at the Wharton School of the University of Pennsylvania. Learning how to effectively disagree — without simply saying “no” — can strengthen […]
Warren Buffett leads Berkshire Hathaway to new heights at age 94
Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett turned 94 on Friday and his sprawling, one-of-a-kind conglomerate has never been worth more than it is today. Berkshire Hathaway became the first […]
Intel working with bankers to present board with strategic options, sending shares up 8%
Pat Gelsinger, CEO Intel, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC Intel executives are working with multiple advisors to formulate options to address its flagging business, according to a person with knowledge of the matter. Those advisors, […]
Alibaba shares jump after it completes three-year regulatory overhaul
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty Images Alibaba has completed a three-year regulatory “rectification” process following an antitrust fine it received on charges of monopolistic practices in 2021, China’s market regulator said on Friday. Shares of […]
The Fed’s favorite inflation indicator increased 0.2% in July, as expected
Inflation edged higher in July, according to a measure favored by the Federal Reserve as the central bank prepares to enact its first interest rate reduction in more than four years. The Commerce Department reported Friday that the personal consumption expenditures price index rose 0.2% on the month and was […]