The average rate on the 30-year fixed mortgage jumped back over 7% on Thursday, rising to 7.1%, according to Mortgage News Daily. Growing fears that inflation is not cooling off are pushing bond yields higher. Mortgage rates loosely follow the yield on the U.S. 10-year Treasury. “Rates continue to move at the suggestion of economic
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In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney‘s ESPN wants to be the hub for all live sports streaming — even for its competition. The sports network has held conversations with major sports leagues and media partners about launching a feature on ESPN.com and its free ESPN app that will link users
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters
Oddity Il Makiage Coutesy: Oddity Oddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that’s increasingly risky for purely digital retailers. The Tel Aviv-founded company looks like it could even be preparing for an initial public offering, despite
In this article DAL Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines pilots picket for a new contract at Terminal 4 in JFK International Airport on September 01, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images Delta Air Lines pilots on Wednesday approved a new contract that includes
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks Chairman and former CEO Howard Schultz Jason Redmond | AFP | Getty Images Sen. Bernie Sanders is making good on his threat of a subpoena for Starbucks CEO Howard Schultz on what Sanders has called union-busting activity at the company’s coffee shops. Sanders said
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT An increased number of mannequins feature clothing and shoes throughout the remodeled Target store in Orange, California. Jeff Gritchen | MediaNews Group | Getty Images NEW YORK — As Target sees growth slowing in sales and customer traffic, the company said Tuesday it will spend
In this article GM F Follow your favorite stocksCREATE FREE ACCOUNT Mary Barra, CEO, GM at the NYSE, November 17, 2022. Source: NYSE DETROIT – General Motors is cutting hundreds of salaried positions as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits. The cuts affect about 500
A Falcon 9 rocket launches a Starlink mission from Florida on Feb. 27, 2023. SpaceX Elon Musk’s SpaceX has launched the first batch of its next-generation Starlink internet satellites as the company upgrades and further builds out its orbiting network. A Falcon 9 rocket carried 21 of the satellites, known as “V2 Mini” satellites, into
In this article TGT Follow your favorite stocksCREATE FREE ACCOUNT A Target department store on June 07, 2022 in Miami, Florida. Target announced that it expects profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. Joe Raedle | Getty Images
In this article FOXA Follow your favorite stocksCREATE FREE ACCOUNT Members of Rise and Resist participate in their weekly “Truth Tuesday” protest at News Corp headquarters on February 21, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images Fox Corp. Chairman Rupert Murdoch said some anchors of the company’s
In this article FSR FSR Follow your favorite stocksCREATE FREE ACCOUNT Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric
Nancy Dubuc, chief executive officer of Vice Media Christopher Goodney | Bloomberg | Getty Images Nancy Dubuc notified Vice Media staffers on Friday that she’s stepping down from her post as CEO after five years at the company. It was not immediately clear who would replace her. “Today Vice has an incredible opportunity in the
A worker, who said he came to pick up some equipment, walks toward security guards at the entrance to the Bonanza Creek Ranch film set in Santa Fe, N.M., Monday, Oct. 25, 2021. Jae C. Hong | AP Producers of the “Rust” film starring Alec Baldwin announced Friday they will pay a reduced penalty of
Michael B. Jordan stars in “Creed III.” Warner Bros. LOS ANGELES — It’s an underdog story for the 21st century. The Creed series is a Hollywood miracle in many ways. It’s a lucrative spinoff of the beloved, decades-old Rocky series, but it has its own modern style and sensibility. And, while paying homage to the
In this article RKLB LMT BA Follow your favorite stocksCREATE FREE ACCOUNT The headquarters of Space Systems Command in Los Angeles, California. U.S. Space Force / Jose Lou Hernandez The U.S. military is preparing to buy another round of rocket launches from companies next year, and Space Force leadership says they’re taking a new “mutual
In this article AMC Follow your favorite stocksCREATE FREE ACCOUNT Girl watching a comedy movie at the cinema with her friend. Rgstudio | E+ | Getty Images LOS ANGELES — The movies are still big. It’s the multiplexes that are getting smaller. Since 2019, the number of total screens in the U.S. have decreased by
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT People test drive Dream Edition P and Dream Edition R electric vehicles at the Lucid Motors plant in Casa Grande, Arizona, September 28, 2021. Caitlin O’Hara | Reuters Luxury electric vehicle maker Lucid appears to have a demand problem. The company said during its fourth-quarter
In this article WBD PARA Follow your favorite stocksCREATE FREE ACCOUNT Stan Marsh, Kyle Broflovski, Eric Cartman and Kenny McCormick attend The Paley Center for Media presents special retrospective event honoring 20 seasons of ‘South Park’ at The Paley Center for Media on September 1, 2016 in Beverly Hills, California. Tibrina Hobson | Getty Images
In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford CEO Jim Farley announces at a press conference that Ford Motor Company will be partnering with the worlds largest battery company, a China-based company called Contemporary Amperex Technology, to create an electric-vehicle battery plant in Marshall, Michigan, on February 13, 2023 in Romulus, Michigan.
Commuters arrive into the Oculus station and mall in Manhattan on November 17, 2022 in New York City. Spencer Platt | Getty Images Many restaurants and hotels in city downtowns are seeing sales come back to pre-pandemic levels — but only on Tuesdays, Wednesdays and Thursdays. In cities such as New York, Los Angeles and
In this article BA Follow your favorite stocksCREATE FREE ACCOUNT The exterior of a 787 Dreamliner at the Boeing manufacturing facility in North Charleston, on December 13, 2022. Logan Cyrus | AFP | Getty Images Boeing has temporarily halted deliveries of its 787 Dreamliners so it can do additional analysis on a fuselage component, the
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians walk past a street commercial advertisement billboard from Warner Bros and DC comics character, The Batman, movie in Madrid. Miguel Candela | SOPA Images | Lightrocket | Getty Images Warner Bros. Discovery on Thursday posted a large loss and recorded about $11.1 billion in
In this article NKLA Follow your favorite stocksCREATE FREE ACCOUNT Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said Thursday it produced 133 battery-electric trucks in the fourth quarter, but delivered just 20 to dealers, generating revenue that fell well short of Wall Street’s expectations. Nikola said it made a series of
In this article LCID Follow your favorite stocksCREATE FREE ACCOUNT Electric vehicle start-up Lucid on Sept. 28, 2021 said production of its first cars for customers has started at its factory in in Casa Grande, Arizona. Lucid Electric vehicle maker Lucid on Wednesday reported fourth-quarter revenue that fell short of expectations after building just 7,000
A Starlink user terminal, also known as an antenna or satellite dish, on the roof of a building. SpaceX Elon Musk’s SpaceX rolled out new prices for residential Starlink customers based on the company’s capacity to deliver service, according to emails to customers reviewed by CNBC. The changes, outlined on Tuesday, split residential users of
In this article ADS-FF Follow your favorite stocksCREATE FREE ACCOUNT Major League Soccer and sportwear giant Adidas agreed to a multiyear extension of their partnership. The deal, announced days before MLS kicks off its 28th season, goes through 2030 and is valued at $830 million, according to a person involved in the deal. It represents
In this article SBUX Follow your favorite stocksCREATE FREE ACCOUNT Starbucks initial Oleato launch will launch three olive oil-infused drinks in stores across Italy. Source: Starbucks Starbucks has a new way to customize its coffee: olive oil. The coffee giant will launch its “Oleato” line in its roughly two dozen Italian locations on Wednesday and
In this article NSC Follow your favorite stocksCREATE FREE ACCOUNT Norfolk Southern CEO Alan Shaw told CNBC he thinks it’s safe for families to return to East Palestine, Ohio, nearly three weeks after toxic chemicals were released following a train derailment earlier this month. Asked by CNBC’s Morgan Brennan whether he’d bring his children to
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Customers exit a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Joe Raedle | Getty Images News | Getty
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