Prospective home buyers leave a property for sale during an Open House in a neighborhood in Clarksburg, Maryland on September 3, 2023. Roberto Schmidt | AFP | Getty Images It’s no secret that the housing market looks far different than it did a few years ago. While surging mortgage rates and housing prices have taken
Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson shares leapt 8% to their highest level in nearly two years on Friday, after the Swedish telecom giant’s revenue declined less than expected in the second quarter. Net sales fell 7% year-on-year to 59.8
In this article SNN SN.-GB Follow your favorite stocksCREATE FREE ACCOUNT A logo sign outside of a facility occupied by Smith & Nephew in Austin, Texas. SIPPL Sipa USA | AP Company: Smith & Nephew (SN.-GB) Business: Smith & Nephew is a British portfolio medical technology company that operates worldwide. The company develops, manufactures, markets
Alexandra Pavlova | Getty Images The Biden administration’s efforts on student loan forgiveness have repeatedly been met with legal challenges. The Supreme Court struck down President Joe Biden‘s first attempt at wide-scale forgiveness last summer. Now, its new income-driven repayment plan (the Saving on a Valuable Education plan known as SAVE) is partially suspended after
Biden CHIPS, Inflation Reduction Act: Business Investment Policies Skip to content Home • Blog • White House Right on Importance of Business Investment, Wrong on Relevant Policy The Treasury Department recently touted strong business investment in the years following the pandemic-driven recessionA recession is a significant and sustained decline in the economy. Typically, a recession
Roger Goodell, Commissioner of the National Football League, after the morning session at the Allen & Company Sun Valley Conference in Sun Valley, Idaho, on July 10, 2024. Kevork Djansezian | Getty Images The National Football League is considering allowing minority private equity ownership for its 32 teams of up to 10%, Commissioner Roger Goodell
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Friday’s key moments. U.S. stocks advanced Friday as the S & P 500 rebounded from its worst trading session since late April. The benchmark gauge broke its seven-day win streak Thursday as investors
PIctured here is the Qianwen container terminal in the port city of Qingdao, Shangdong, China on July 11, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China’s imports fell in June, missing expectations for slight growth, while exports grew more than expected, customs data released Friday showed. China’s imports fell by 2.3% in
Anant Ambani fiancée Radhika Merchant pose for a photo on the red carpet during their sangeet ceremony at Jio World Centre in Mumbai. Sopa Images | Lightrocket | Getty Images All eyes are on this weekend’s mega wedding in India, where the youngest son of Asia’s wealthiest man prepares to tie the knot with his
Internal Revenue Service Commissioner Danny Werfel testifies before the House Appropriations Committee on Capitol Hill in Washington, May 7, 2024. Kevin Dietsch | Getty Images News | Getty Images The U.S. Department of the Treasury and the IRS on Thursday announced what they called a “major milestone” of collecting more than $1 billion in tax
SpaceX’s Falcon 9 is pictured launching satellites to orbit in space after it lifted off from the Vandenberg Space Force Base in California, U.S., in this screenshot obtained from a handout video released on July 12, 2024. Spacex | Via Reuters SpaceX’s Falcon 9 rocket is grounded, pending an incident investigation, after an inflight failure
Shares of Wells Fargo took a hit on Friday after the bank reported a beat on earnings but delivered softer guidance due to the uncertain economy and interest-rate environment. We see the drop as a chance to buy more shares. Total revenue for the three months ended June 30 ticked up less than 1% over