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Homebuyers are backing out of deals at the fastest pace in nearly a decade

Homebuyers are backing out of deals at the fastest pace in nearly a decade

Business News

A “sale pending” sign is posted in front of a home for sale on November 30, 2023 in Larkspur, California. Justin Sullivan | Getty Images Serious headwinds in the housing market and the broader economy are tanking home sales at an alarming rate. More than 40,000 signed home purchase agreements were canceled in December, representing […]

Homebuyers are backing out of deals at the fastest pace in nearly a decade Read More »

GM expects to top Ford in U.S. vehicle production as it faces up to billion in tariff costs

GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs

Business News

General Motors Chevrolet Traverse sport utility vehicles sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors expects to outproduce crosstown rival Ford Motor to become the top assembler of vehicles in the U.S. in

GM expects to top Ford in U.S. vehicle production as it faces up to $4 billion in tariff costs Read More »

Chicago’s United Center will sell THC beverages at concessions in a U.S. arena first

Chicago’s United Center will sell THC beverages at concessions in a U.S. arena first

Business News

Chicago’s United Center is stepping into new territory for live events, becoming the first major U.S. arena to offer cannabis drinks at its concessions. The arena — home tothe NBA’s Chicago Bulls and NHL’s Chicago Blackhawks — announced Tuesday a multiyear partnership with Rythm, a hemp-derived THC beverage company that makes Rythm and Señorita brand

Chicago’s United Center will sell THC beverages at concessions in a U.S. arena first Read More »

UnitedHealth posts modest earnings beat, soft revenue guidance as insurer plots turnaround

UnitedHealth posts modest earnings beat, soft revenue guidance as insurer plots turnaround

Business News

UnitedHealth Group Inc. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images UnitedHealth Group on Tuesday posted a modest fourth-quarter earnings beat, but issued soft revenue guidance, as the parent company of the nation’s largest private insurer

UnitedHealth posts modest earnings beat, soft revenue guidance as insurer plots turnaround Read More »

Health insurers tumble after Trump administration proposes keeping Medicare Advantage rates flat next year

Health insurers tumble after Trump administration proposes keeping Medicare Advantage rates flat next year

Business News

Stock Chart IconStock chart icon Humana shares in the past day The proposal entails a net average payment increase of 0.09% for Medicare Advantage plans in 2027, according to a release from the Centers for Medicare & Medicaid Services on Monday. That number is significantly less than Wall Street analysts’ expectations that the agency would

Health insurers tumble after Trump administration proposes keeping Medicare Advantage rates flat next year Read More »

American Airlines projects revenue growth for 2026, misses earnings estimates for fourth quarter

American Airlines projects revenue growth for 2026, misses earnings estimates for fourth quarter

Business News

American Airlines projected Tuesday that its focus on premium will “begin delivering results in 2026” as the carrier races to catch up to its far more profitable rivals and capitalize on strong demand from high-spending customers. The Fort Worth-based airline projected it will deliver nearly $2 of improvement in adjusted earnings per share at the

American Airlines projects revenue growth for 2026, misses earnings estimates for fourth quarter Read More »

Boeing’s quarterly sales jump 57% as CEO says there’s ‘a lot to be optimistic about’

Boeing’s quarterly sales jump 57% as CEO says there’s ‘a lot to be optimistic about’

Business News

A Boeing Co. 737 Max airplane at the company’s manufacturing facility in Renton, Washington, US, on Thursday, Nov. 20, 2025. David Ryder | Bloomberg | Getty Images Boeing reported revenue ahead of Wall Street expectations for the fourth quarter as the company’s turnaround picked up steam following years of crises. The company’s airplane deliveries last

Boeing’s quarterly sales jump 57% as CEO says there’s ‘a lot to be optimistic about’ Read More »

General Motors is set to report earnings before the bell. Here’s what Wall Street expects amid major electric vehicle write-downs

General Motors is set to report earnings before the bell. Here’s what Wall Street expects amid major electric vehicle write-downs

Business News

The General Motors global headquarters in Detroit, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is set to report its fourth-quarter and year-end earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per share: $2.20 adjusted expected Revenue:

General Motors is set to report earnings before the bell. Here’s what Wall Street expects amid major electric vehicle write-downs Read More »

Nike to cut 775 employees as it accelerates ‘automation’ at U.S. distribution centers

Nike to cut 775 employees as it accelerates ‘automation’ at U.S. distribution centers

Business News

A shopper carries a Nike bag in the Union Square neighborhood of San Francisco, California, US, on Wednesday, Jan. 21, 2026. David Paul Morris | Bloomberg | Getty Images Nike is cutting 775 employees as the company looks to boost its bottom line and accelerate its use of “automation,” CNBC has learned.  The layoffs, which

Nike to cut 775 employees as it accelerates ‘automation’ at U.S. distribution centers Read More »

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