Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic, lowering costs for borrowers, the Federal Housing Finance Agency said Friday. Fannie and Freddie were charging lenders a 50 basis-point fee for all loans that were delivered to the two mortgage giants. The fee, designed to cover
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Here are the most important news, trends and analysis that investors need to start their trading day: Stock futures flat after first week of second-quarter earnings Yellen expects more ‘rapid inflation’ ahead before cooling kicks in Biden says U.S. will caution businesses about ‘deteriorating’ situation in Hong Kong Intel in talks to acquire GlobalFoundries for
In this article DIDI 22UA-DE MRNA Check out the companies making headlines before the bell: Moderna (MRNA) – The drug maker’s shares surged 7.3% in the premarket on news that the stock would be included in the S&P 500 as of July 21st. It will replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca (AZN).
Delmaine Donson | E+ | Getty Images Like many Americans, you may dread the thought of returning to the office. Yet only 12% of companies are adopting a “remote-first” model in the second half of 2021, a recent CNBC survey of 50 members of the CNBC Global CFO Council, Technology Executive Council (TEC) and Workforce
The Biden administration has proposed to significantly increase the tax burden on foreign income through a policy known as Global Intangible Low-Tax Income (GILTI). While the administration’s rhetoric focuses on doubling the tax rate on GILTI from 10.5 percent to 21 percent, this is less than half the story. The rate on GILTI is going
Shoppers load up their vehicle outside a HomeGoods store in South Bend, Indiana, on Monday, Nov. 16, 2020. Daniel Acker | Bloomberg | Getty Images An engine as massive as the U.S. economy is not going to restart without some sputtering, which is what many economists believe explains the double-digit price increases in many goods
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4 out of the 5 FAANG stocks are hitting all-time highs. Is this the best it will ever be for big cap tech?
There isn’t enough evidence right now to show that booster shots for Covid vaccines are needed, according to a former FDA director. “Being prepared to make boosters is a good thing, but we really don’t have … evidence, at least in the United States, where we’re seeing vaccine failures or we’re seeing waning in immunity,
Gojek drivers wearing protective masks wait for a customer along a road in Jakarta, Indonesia on Wednesday, April 22, 2020. Dimas Ardian | Bloomberg | Getty Images SINGAPORE — Southeast Asia’s late-stage start-ups are attracting growing interest from blank-check companies that want to take them public, a venture investor told CNBC. More than 40 SPACs
Google’s dedicated “sustainability” landing page is where the tech giant outlines its goals to combat climate change — like being carbon free by 2030 — and shows status reports on its environmental efforts, such as making a “hyperlocal” air quality map. Combating climate change is a “foundational value” for Google and other Silicon Valley companies,
eyecrave | E+ | Getty Images States could do a far better job of teaching financial literacy in their schools, a new report suggests. To that point, 66% of states earned grades of C or worse for such instruction, according to the Nation’s Report Card on Financial Literacy, a study released by the American Public
Businesses’ tax liability can differ markedly across states, and policymakers often pay attention to this competitive tax landscape. What is less often remarked upon, however, is the variation of tax treatment within a given state. Different industries and activities can face radically different tax burdens within the same state due to non-neutralities in the tax
Gas prices are displayed at a Chevron station on June 14, 2021 in Los Angeles, California. Mario Tama | Getty Images Prices are rising for a wide array of goods and services as the U.S. confronts a level of inflation not seen in decades. Labor shortages, supply chain disruptions, and exploding demand as the pandemic
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Director of the Centers for Disease Control and Prevention (CDC) Dr. Rochelle Walensky testifies during a Senate Appropriations Subcommittee hearing to examine the FY 2022 budget request for the Centers for Disease Control and Prevention on May 19, 2021 in Washington,DC. Jim Lo Scalzo | AFP | Getty Images Tennessee’s decision to cease vaccine outreach
The current inflation scenario is reminiscent of the 1970s and the Federal Reserve needs to take action to temper the rising prices, according to the “Bond King” Jeffrey Gundlach. The DoubleLine Capital CEO told CNBC’s “Halftime Report” on Thursday that with inflation rising and Treasury yields remaining so low, U.S. bonds are essentially negative yielding assets.
Stephen Curry #30 of the Golden State Warriors drives to the basket against the Los Angeles Lakers during the 2021 NBA Play-In Tournament on May 19, 2021 at STAPLES Center in Los Angeles, California. Adam Pantozzi | National Basketball Association | Getty Images NBA star Steph Curry is now setting his sights on closing the