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Mortgage rates cross back over 7% after U.S. credit downgrade

Mortgage rates cross back over 7% after U.S. credit downgrade

Business News

After several weeks of sitting stagnant, mortgage rates surged higher Monday following Moody’s decision to downgrade the U.S. credit rating. Bond yields moved higher after the late Friday announcement, and mortgage rates loosely follow the yield on the 10-year Treasury. The average rate on the popular 30-year fixed loan hit 7.04% Monday, according to Mortgage […]

Mortgage rates cross back over 7% after U.S. credit downgrade Read More »

Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership

Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership

Business News

Wendy McMahon, President and Co-Head of CBS News and Stations. Michele Crowe | CBS | Getty Images CBS News Chief Executive Officer Wendy McMahon announced Monday she is stepping down, the latest twist in a growing battle of wills between the company’s news division and Paramount Global controlling shareholder Shari Redstone. Paramount Global co-CEO George

Paramount ousts CBS News CEO Wendy McMahon amid divide with leadership Read More »

Bath & Body Works names recent Nike executive as its new CEO, effective immediately

Bath & Body Works names recent Nike executive as its new CEO, effective immediately

Business News

Customers shop at a Bath & Body Works store in Hayward, California, on June 12, 2024. Justin Sullivan | Getty Images Bath & Body Works has a new chief executive officer, its second in less than 3 years. The personal care, home and beauty retailer has named Daniel Heaf as its new CEO, effectively immediately,

Bath & Body Works names recent Nike executive as its new CEO, effective immediately Read More »

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Boeing would avoid guilty plea, prosecution over 737 Max crashes in possible DOJ deal

Business News

A grounded Boeing 737 Max 9 aircraft at Los Angeles International Airport. Eric Thayer | Bloomberg | Getty Images The Justice Department isn’t planning to prosecute Boeing in a case tied to two crashes of the aerospace giant’s 737 Max, a person familiar with the matter said, a tentative agreement that would allow the plane-maker

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Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike

Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike

Business News

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. High earners would get a series of tax cuts in the latest House reconciliation plans , yet many could also be

Wealthy taxpayers get new breaks under House bill — along with a hidden tax hike Read More »

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated

Business News

A 2025 Ford Expedition with bronze trim on April 30, 2025 at the automaker’s Kentucky Truck Plant. Michael Wayland | CNBC LOUISVILLE, Ky. — A white 2025 Ford Expedition SUV with bronze exterior trim rolls off the assembly line at Ford Motor‘s Kentucky Truck Plant. It was assembled — from its frame to completion —

How much would a 100% ‘Made in the USA’ vehicle cost? It’s complicated Read More »

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore

Business News

Lamar Jackson with the winners of the 2025 NTL Kickoff Race. Courtesy: National Thoroughbred League Baltimore Ravens quarterback Lamar Jackson has a singular goal both on the football field and as owner of the Maryland Colts horse racing franchise in the National Thoroughbred League. “I just want to win a championship,” Jackson told CNBC. “I

How NFL quarterback Lamar Jackson is leveraging his horse racing team to build up Baltimore Read More »

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth

Business News

A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters Cava on Thursday reported better-than-expected sales in its latest fiscal quarter, shaking off the malaise the broader restaurant industry has felt as consumers cut back on dining. The Mediterranean chain said its same-store sales grew 10.8% in

Cava revenue beats estimates as Mediterranean chain reports double-digit same-store sales growth Read More »

Walmart says it will hike some prices due to tariffs. Here’s what may cost more

Walmart says it will hike some prices due to tariffs. Here’s what may cost more

Business News

People shop for produce at a Walmart in Rosemead, California, on April 11, 2025.  Frederic J. Brown | Afp | Getty Images Price increases are coming soon to a Walmart near you. On Thursday, Walmart CFO John David Rainey warned investors that even the retail giant known for its discounts will have to raise the

Walmart says it will hike some prices due to tariffs. Here’s what may cost more Read More »

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