A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s
Starting in mid-September, Ocean Spray farmers across the Northeast start hustling to harvest 100 billion cranberries in just six weeks. But just as harvest was beginning this year, a TikTok featuring a bottle of Ocean Spray Cran-raspberry juice went viral. Soon, retailers struggled to keep cranberry juice on shelves as millions recreated the video. For
Hydrogen has long been touted as the fuel of the future, but it’s never quite taken off. Meet the scientists and entrepreneurs who are making it a reality. #Accelerate #Aviation #BloombergQuicktake ——– Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Become a Quicktake Member for exclusive perks: http://www.youtube.com/bloomberg/join Subscribe to Quicktake Explained: https://bit.ly/3iERrup QuickTake Originals is Bloomberg’s official
The founder and public face of Papa John’s has resigned in scandal, but the company’s troubles don’t stop there. Here’s why Papa John’s hasn’t kept up with Domino’s and Pizza Hut.
Morsa Images | Digitalvision | Getty Images Employees who work remotely don’t look favorably on the notion of returning to the office. To that point, 45% of people who work from home said they’d be at least somewhat likely to look for a new job if required to return to work in person, according to
In this article USDT.CM= UST.CM= The world’s biggest stablecoin, tether, saw more than $10 billion in redemptions in May, fueling fears of a 2008-style “bank run.” Justin Tallis | AFP via Getty Images Britain wants to make sure stablecoins don’t end up threatening the wider financial system following the collapse of controversial crypto project Terra.
In this article GM Striking United Auto Workers members and supporters attend a speech by Vermont Sen. Bernie Sanders outside General Motors’ Detroit-Hamtramck Assembly plant on Sept. 25, 2019 in Detroit. Michael Wayland / CNBC DETROIT – The United Auto Workers union is accusing a new General Motors joint venture of denying access to workers
Korean band BTS appears at the daily press briefing with Press Secretary Karine Jean-Pierre, in the Brady Press Briefing of the White House in Washington, DC, May 31, 2022, as they visit to discuss Asian inclusion and representation, and addressing anti-Asian hate crimes and discrimination. Saul Loeb | AFP | Getty Images A White House
A customer pumps gas into their car at a gas station on May 18, 2022 in Petaluma, California. Justin Sullivan | Getty Images Americans’ finances are being squeezed as inflation pushes up prices on things such as rent, groceries and gasoline. As a result, one-quarter of Americans will have to delay their retirement, according to
In this article AEO 9866-HK ULVR-GB FANG MRO Nio began deliveries of its new ET7, an upscale electric sedan, on Monday, March 28, 2022. Nio Check out the companies making headlines in midday trading. Marathon Oil, Diamondback Energy — Energy stocks rose along with oil prices after an agreement from European Union leaders to ban
A sold sign sits outside a home. Adam Jeffery | CNBC Rising mortgage rates did not slow down rising home prices in March. Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. That is higher than the 20% gain in February. The index
Michael Sussmann, a cybersecurity lawyer who represented the Hillary Clinton presidential campaign in 2016, leaves federal courthouse in Washington, Monday, May 16, 2022. Manuel Balce Ceneta | AP A federal jury in Washington on Tuesday found Hillary Clinton campaign lawyer Michael Sussmann not guilty on a charge of lying to the FBI. Prosecutors from special
Activists listen as Senate Democrats speak during a news conference demanding action on gun control legislation after a gunman killed 19 children and two teachers in a Texas elementary school this week, on Capitol Hill on Thursday, May 26, 2022 in Washington, DC. Jabin Botsford | The Washington Post | Getty Images House Democrats will
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures rose by 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.4% and 0.8%, respectively. The U.S. stock market
U.S. Treasury yields climbed on Tuesday as investors continued to weigh rising inflation around the world and the possibility of a slowdown in economic growth. The yield on the benchmark 10-year Treasury note was up 7 basis points at 2.821% at 6:19 a.m. ET. The yield on the 30-year Treasury bond rose 5 basis points
We got an inside look at what it’s like on the first day for new freshmen, known as cadets, at the US Air Force Academy in Colorado Springs. In-Processing Day, or “I-Day,” marks the beginning of these cadets’ journey to becoming members of the “Long Blue Line” that represents Air Force officers. I-Day is the
Athletes have looked for a chemical edge for centuries — dating all the way back to the ancient Greeks who used alcoholic concoctions and hallucinogenic mushrooms. Thanks to newer technologies, the longer storage of test samples and whistle-blowers drug cheats are getting caught sometimes years after they medal. Bloomberg QuickTake looks at how some of
During the first four months of the year, investment in real estate development fell by 2.7% from a year ago. Pictured here is a project in Qingzhou, Shandong province, on May 15, 2022. CFOTO | Future Publishing | Getty Images BEIJING — The Chinese government faces a growing shortfall of cash, analysts say, as they
The rental market in the Hamptons is facing an unexpected chill this summer. After two years of strong demand and soaring prices, the supply of rentals in the Hamptons is surging, leading to a wave of last-minute price cuts. Median rental prices in the first quarter fell 26%, according to Jonathan Miller, CEO of Miller
The World Health Organization has said that there is a “window” of opportunity to contain a recent monkeypox outbreak which has seen cases spread across Europe, the U.S. and Australia. Nurphoto | Nurphoto | Getty Images The World Health Organization said Monday that it is too soon to tell whether a recent monkeypox outbreak could
valentinrussanov | E+ | Getty Images The housing market is hot right now — if you’re a seller. Buyers, on the flip side, are having a harder time finding homes. Americans are aware of the struggles they face in buying a home. More than 70% of U.S. adults believe the housing market is currently in
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, listens during a Senate Banking Committee confirmation hearing in Washington, D.C., on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller said Monday he sees interest rate increases continuing through the rest of the year
William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data
Boehly’s simple refusal to countenance any distractions has proved central to the Connecticut billionaire’s successful Chelsea takeover. Nurphoto | Nurphoto | Getty Images The Todd Boehly-led consortium have completed a £4.25bn takeover of Chelsea, ending Roman Abramovich’s 19-year ownership of the club. After months of negotiations, the deal was finally approved on Wednesday morning when
In this article UST.CM= LUNA.CM= Cryptocurrency markets have seen a steep sell-off after the collapse of controversial blockchain project Terra. Dan Kitwood | Getty Images A new version of the collapsed luna cryptocurrency is already live on major exchanges — and it’s gotten off to a bad start. Last week, supporters of the Terra blockchain
Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in
Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in New York on Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Tech investors finally got some relief this past week, as the Nasdaq broke a seven-week losing streak, its worst stretch since the dot-com bust
To make up for Donald Trump’s absence from the Fox News Republican debate, Stephen Colbert produced a debate on “The Late Show” that pitted Trump against himself.
Bob Iger poses with Mickey Mouse attends Mickey’s 90th Spectacular at The Shrine Auditorium on October 6, 2018 in Los Angeles. Valerie Macon | AFP | Getty Images Former Disney CEO Bob Iger has acquired a stake in Australian design company Canva and agreed to be an advisor to the closely held company. “We’re incredibly
The mountains of Davos were largely snowless as the annual World Economic Forum took place in May rather than the usual timing in January. Arjun Kharpal | CNBC DAVOS, SWITZERLAND – A hedge fund investor told me she attends the World Economic Forum each year “so that I’ll know what to short.” In a world
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