In this article TMHC The housing shortage that began before the pandemic will stick around for a long time as market demand soars, the chief executive of homebuilder Taylor Morrison told CNBC on Wednesday. “As the economy continues to improve, we’re going to see mortgage rates move up, and I think that should be expected. They’re not
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A couple enjoys aperitivo evening drinks sitting down at a bar as much of the country becomes a ‘yellow zone’, easing coronavirus disease (COVID-19) restrictions allowing bars and restaurants to serve clients at outdoor tables, in Venice, Italy, April 26, 2021. Manuel Silvestri | Reuters The World Health Organization is urging “extreme caution” against lifting
In this article DIDI PDD NIO FANG SAM A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters Check out the companies making headlines in midday trading. Didi — The
Hedge fund founder Anthony Scaramucci told CNBC on Wednesday that the Chinese government’s crackdown on Didi Global, just days after the ride-hailing giant went public in the U.S., is “a direct assault on global capitalism.” “The bad news for the Chinese and the United States now is, if you’re a capital allocator in the United
fotosipsak | E+ | Getty Images Student loans are double-edged sword: They help you pay for college but then leave you with a monthly bill for at least a decade after you graduate. The average student loan payment is $400 a month, according to higher education expert Mark Kantrowitz. And research has found those payments
A for sale sign sits outside a house in Miami Beach October 22, 2009. Carlos Barria | Reuters Mortgage demand fell for the second week in a row, as low inventory and high home prices continue to weigh on the housing market. Mortgage applications decreased 1.8% last week, according to the Mortgage Bankers Association’s seasonally
Medics in a pneumonia ward in the Philippines. Ezra Acayan | Getty Images News | Getty Images LONDON — Mass vaccination campaigns are being rolled out across the developed world, but many countries are still contending with surges in coronavirus infections and new strains, such as the highly infectious delta variant. And now health experts
In this article BTC.CM= The Tether price displayed on cryptocurrency exchange Kraken’s website. Tiffany Hagler | Bloomberg via Getty Images Tether is the third-biggest cryptocurrency in the world by market value. And it’s got some economists — including an official at the U.S. Federal Reserve — worried. Last month, Boston Fed President Eric Rosengren raised
Peter Cade | Getty Images While inheriting money is typically a good thing, newer individual retirement account rules may leave some heirs with a smaller windfall. Thanks to the Secure Act of 2019, certain heirs now have less time to take IRA withdrawals. The law stopped the so-called stretch IRA, which allowed non-spouse beneficiaries to
In this article AXP DVN AMZN AAPL After stocks took a dive to open the trading week Tuesday, CNBC’s Jim Cramer explained three ways investors can find buying opportunities. “Remember the three types of stocks to buy on down days: The ones that rallied anyway, the ones where you’re finally getting a long-awaited pullback, and
Wise CEO and co-founder Kristo Kaarmann. Wise LONDON — Wise, one of Britain’s biggest fintech companies, is about to go public. And it will be a major test for post-Brexit London. The money transfer firm has opted to list its shares directly on the London Stock Exchange, using a rare listing method pioneered by Spotify
In this article CFV A satellite image of the stuck container ship Ever Given in Egypt’s Suez Canal, taken on March 25, 2021. Satellogic Satellite Earth imagery specialist Satellogic is preparing to go public, announcing on Tuesday that it will be the latest in a string of space companies merging with SPACs. Satellogic is merging
Yamiesha Bell, 27, started a book club focused on personal financial literacy and mindfulness one year ago. Yamiesha Bell In the last year, Raeshanna Mcanuff, 27, a cosmetic chemist, asked for a raise at her job. Adam Sherif, 24, who works at a music talent agency, paid off the first $30,000 of his $60,000 in
An international ransomware attack that started with Florida-based IT firm Kaseya will not fetch the entire $70 million that its Russia-linked hackers are demanding, Huntress CEO Kyle Hanslovan told CNBC on Tuesday. “It wouldn’t surprise me if someone was to pay the ransom for it to be closer to the $40 [million] to $50 million
The digitalization of the economy has changed how and where we work. Huddles at the boss’s desk have been replaced by morning video conferences, long nights at the office by incongruous hours flexed around extracurriculars, and dreary days in a metropolitan apartment by weeks in exotic (or at least comfortable) retreats. A question for policymakers
Ben Rains dives into the market’s strong run to end the second quarter. The episode then explores why investors might want to consider adding two Zacks Rank #1 (Strong Buy) stocks, Zoom Video (ZM) and ServiceNow (NOW), as long-term buys for the second half of 2021 and beyond. (0:45) – Stock Market Update: Everything You
U.S. President Joe Biden speaks about the administration’s coronavirus disease (COVID-19) response and the vaccination program during brief remarks in the State Dining Room of the White House in Washington, June 18, 2021. Carlos Barria | Reuters President Joe Biden on Tuesday will again push for all eligible Americans to get Covid vaccinations, stressing the
A trader works during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. Brendan McDermid | Reuters Take a look at some of the biggest movers in the premarket. Didi — Shares of Didi sunk about 20% in premarket