Tag: demand
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Mortgage demand pulls back after rates rise
Read Latest News CNBC’s Diana Olick reports on the latest housing data. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks
Read Latest News CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest weekly mortgage data. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Weekly mortgage demand pulls back, as interest rates rise for the first time in 9 weeks
Read Latest News FILE PHOTO: An “Open House” sign outside of a home in Washington, DC, US, on Sunday, Nov. 19, 2023. Nathan Howard | Bloomberg | Getty Images After a strong streak of gains, mortgage demand pulled back last week. An increase in mortgage rates, as well as increasing uncertainty about the economy, were…
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Weekly mortgage demand surges 11% higher, as interest rates dropped
Read Latest News A ‘For Sale’ sign is posted in front of a home for sale on March 5, 2025 in Pasadena, California. Mario Tama | Getty Images Mortgage rates dropped to the lowest rate since October of last year, and that pushed demand even higher last week, after a substantial jump the previous week.…
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Microsoft is open to using natural gas to power AI data centers to keep up with demand
Read Latest News Microsoft CEO Satya Nadella speaks at a company event on artificial intelligence technologies in Jakarta, Indonesia, on April 30, 2024. Dimas Ardian | Bloomberg | Getty Images HOUSTON — Microsoft is open to deploying natural gas with carbon capture technology to power artificial intelligence data centers, the technology company’s vice president of…
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Airline CEOs warn domestic travel demand is slowing
Read Latest News A Delta Airlines and American Airlines plane are seen at Ronald Reagan Washington National Airport in Arlington, Virginia, on July 1, 2023. Stefani Reynolds | AFP | Getty Images Airlines are cutting their first-quarter profit and sales estimates, warning that a weaker economic backdrop is weighing on travel demand. Ahead of a…
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Delta Air Lines Lowers Profit Outlook on Weaker Demand
Read Latest News Delta Air Lines on Monday cut its financial forecast for the first three months of the year, saying that growing economic concerns among businesses and consumers had lowered demand for domestic travel. The airline’s warning was the latest sign that the U.S. economy, or at least perceptions of it, have been weakening…
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DOJ Reinforces Demand to Break Up Google’s Search Monopoly
Read Latest News In a sign that President Trump is following the Biden administration’s lead in reining in Google, the Justice Department on Friday reiterated its demand that a court break up the search giant. The request followed a landmark ruling last year by Judge Amit P. Mehta of the U.S. District Court for the…
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Kroger forecasts annual sales above estimates on steady demand
Read Latest News A Kroger grocery store in Covington, Kentucky. Jeffrey Dean | Bloomberg | Getty Images Kroger on Thursday forecast annual same-store sales largely above Wall Street estimates, fueled by steady grocery demand as shoppers seek low-priced staples such as fruits and vegetables. Shares of the supermarket chain rose 5% in early trading on…
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Weekly mortgage demand surges 20% higher, after interest rates drop
Read Latest News Ryan Ratliff, center, real estate sales associate with Re/Max Advance Realty, shows Ryan Paredes, left, and Ariadna Paredes a home for sale in Cutler Bay, Florida, on April 20, 2023. Joe Raedle | Getty Images A sharp drop in mortgage interest rates finally lit a fire under loan demand. Both current homeowners…
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Bank of America upgrades this energy stock that can get a boost from data center demand
Read Latest News Data centers could drive growth for Vistra , according to Bank of America. The firm upgraded the electricity and power generation stock to buy from neutral, but lowered its price target to $152 per share from $164. BofA’s forecast still implies nearly 23% upside from Monday’s close. Analyst Ross Fowler said the…
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U.S. gold demand is ‘sucking’ bullion out of other countries
Read Latest News Osakawayne Studios | Moment | Getty Images Strong U.S. demand for gold is “sucking” bullion out of some countries as traders try to stockpile it before U.S. President Donald Trump’s tariffs on Canada and Mexico kick into high gear. There’s a “glut of gold” in New York’s vaults, Adrian Ash, BullionVault’s director…
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Nvidia’s auto segment revenue surges to record high on demand for driver-assist tech
Read Latest News Signage at the Nvidia Corp. offices in Taipei, Taiwan, on Tuesday, Jan. 28, 2025. Photographer: An Rong Xu/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images U.S. chipmaker Nvidia‘s auto segment revenue more than doubled in the latest quarter to a record high on strong demand for driver-assist software. While the…
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Mortgage rates drop to lowest since mid-December, but demand still falls short
Read Latest News The home for sale at 377 Capron Ash Loop in Casselberry is pictured on Wednesday, Aug. 14, 2024. Stephen M. Dowell | Orlando Sentinel | Tribune News Service | Getty Images Mortgage interest rates dropped again last week, hitting the lowest level in two months, but demand for mortgages didn’t respond. Total…
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AMC tops revenue target as box office hits drive strong demand
Read Latest News People walk past an AMC theatre in Manhattan in New York City, U.S., February 25, 2025. Jeenah Moon | Reuters AMC Entertainment topped Wall Street estimates for quarterly revenue on Tuesday, boosted by wildly popular releases including “Moana 2” and “Wicked” that helped draw a strong crowd of moviegoers. Shares of the…
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Pushback to Latest DOGE Demand May Signal Limits for Elon Musk
Read Latest News A clash over Musk’s latest missive Monday could bring a standoff between Elon Musk and huge swaths of the federal government, including Trump-appointed agency leaders. The fate of the latest example of Musk’s brutal management style — having government workers justify their employment by midnight or risk being fired — may reveal…
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Morgan Stanley upgrades Alibaba, says Chinese AI play has room to run as cloud demand takes off
Read Latest News Morgan Stanley is bullish on Alibaba’s artificial intelligence-driven growth as the company boosts its spending plans. Analyst Gary Yu upgraded shares of the Chinese e-commerce giant to overweight from equal weight and lifted his price target by $80 to $180, which suggests 25.2% upside. Alibaba’s U.S.-traded shares are up 69.5% this year…
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China demand, tariffs threats loom
Read Latest News A Gucci luxury goods store in the Galleria Vittorio Emanuele shopping mall in Milan, Italy. Bloomberg | Bloomberg | Getty Images Europe’s troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the…
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BTIG upgrades Snowflake on improving cloud demand, AI growth
Read Latest News Snowflake is set to continue its recent outperformance as demand accelerates and artificial intelligence projects come to life this year, according to BTIG. Analyst Gray Powell upgraded the cloud-based data storage company to buy from neutral and set a price target of $220 per share, which implies 17.9% potential upside. “After two-plus…
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Gold rally has more room to run as Trump uncertainty supercharges demand
Read Latest News Gold’s 2025 rally has further to run according to strategists, as factors including geopolitical volatility, continued central bank demand and perceptions of a shortage drive the precious metal higher. The spot gold price has been on a tear since late December, rising from $2,587.6 on Dec. 18 to $2,941.1 on Feb. 19,…
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Blue Owl co-CEO Marc Lipschultz on the race to fund AI’s power demand
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Marc Lipschultz, Blue Owl Capital co-CEO, joins ‘Squawk Box’ to discuss the company’s efforts to fund the surging energy demand for AI, funding of the data center in Abilene, Texas as part of the Stargate project, and more. Source…
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Weekly mortgage demand drops 6%, as homebuyers remain ‘on the fence’
Read Latest News A sign is posted in front of a home for sale in San Rafael, California, on Aug. 7, 2024. Justin Sullivan | Getty Images Mortgage rates dipped slightly last week, but so did mortgage demand, as housing affordability continues to sideline potential buyers. Total mortgage application volume fell 6.6% for the week,…
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Ukraine Rejects U.S. Demand for Half of Its Mineral Resources
Read Latest News President Volodymyr Zelensky of Ukraine, during a closed-door meeting on Wednesday, rejected an offer by the Trump administration to relinquish half of the country’s mineral resources in exchange for U.S. support, according to five people briefed on the proposal or with direct knowledge of the talks. The unusual deal would have granted…
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Trump Official’s Demand in Adams Case Forces Justice Dept. Showdown
Read Latest News In less than a month in power, President Trump’s political appointees have embarked on an unapologetic, strong-arm effort to impose their will on the Justice Department, seeking to justify their actions as the simple reversal of the “politicization” of federal law enforcement under their Biden-era predecessors. The ferocious campaign, executed by Emil…
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Banks Sell $4.7 Billion of X’s Debt, in a Sign of Investor Demand
Read Latest News When Elon Musk bought X for $44 billion in 2022, more than a quarter of that was financed by loans from banks including Morgan Stanley. Banks normally quickly sell off such loans, but in this case they kept much of that debt because investors were reluctant to bet on the social media…
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GE Vernova is a buy as energy demand grows, Baird says
Read Latest News GE Vernova is more than ready to meet the rising demand for energy, according to Baird. The firm initiated coverage of the energy services and equipment company with an outperform rating and a $448 per share price target. Baird’s forecast implies more than 21% upside from Wednesday’s close. Analyst Ben Kallo said…
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Mortgage rates rise on CPI report as refinance demand gains steam
Read Latest News CNBC’s Diana Olick reports on news regarding the housing sector. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures & Fan Favorites!
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Mortgage refinance demand jumps to highest level since October, but homebuyers pull back again
Read Latest News Patchogue, N.Y.: A For Sale sign hangs in front of a house in Patchogue, New York, on June 1, 2024. Steve Pfost | Newsday | Getty Images Mortgage rates moved slightly lower again last week, keeping refinance demand on the rise. Applications to refinance a home loan jumped 10% compared with the…
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World coal demand remains at record high as power demand surges
Read Latest News Piles of coal waiting to be transported at Guoyuan Port container terminal in Chongqing, China. Cfoto | Future Publishing | Getty Images The world won’t be able to release its grip on coal anytime soon. “Nothing can destroy coal,” U.S. President Donald Trump said at the recent World Economic Forum. “Not the…
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Senate Democrats Demand Clarity About Musk’s Efforts at Education Dept.
Read Latest News Senate Democrats demanded answers from the Education Department on Thursday about the scope of Elon Musk’s data collection efforts at the agency, which appears to be a focus of the Trump administration’s cost-cutting initiative. The letter, by a coalition of 15 lawmakers, reflected growing concern about the aggressive incursions that members of…
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Homebuyer mortgage demand drops further, a troubling sign for the spring market
Read Latest News CNBC’s Diana Olick joins ‘Squawk Box’ to report on the latest mortgage applications data. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Novo Nordisk Annual Sales Jump on Demand for Ozempic and Wegovy
Read Latest News Novo Nordisk, the Danish pharmaceutical company behind Ozempic and Wegovy, capped off a somewhat turbulent 2024, reporting profit and revenue on Wednesday that comfortably beat Wall Street expectations. But the drugmaker said it expected sales growth to slow in 2025, as competition increases. Novo Nordisk retains its title as Europe’s most valuable…
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Homebuyer mortgage demand drops further, a troubling sign for the spring market
Read Latest News Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images Homebuyers are seeing very little reason to get a jump on the all-important spring housing market, even with more listings coming up for sale. Mortgage rates haven’t moved much in the last few weeks, and…
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World’s demand for gold hit another record high in 2024
Read Latest News “In 2024, global gold demand surged to a new quarterly high and a record annual total bolstered by heightened geopolitical and economic uncertainties,” said Shaokai Fan, global head of central banks at the World Gold Council. Shannon Stapleton | Reuters The world’s demand for gold hit another record high in 2024 amid…
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What Meta, Microsoft tell us about chip demand ahead of next week’s wildcards
Read Latest News Two down. Two to go. Investors in chip stocks — ravaged this week on concerns about Chinese startup DeepSeek’s cost-efficient artificial intelligence model — took comfort in what Club names Meta Platforms and Microsoft said on their post-earnings conference calls Wednesday evening and how they held the line on their capital expenditure…
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New York City office demand is finally back to normal
Read Latest News The Empire State Building, The Chrysler Building and One Vanderbilt are seen amongst other buildings in midtown Manhattan on January 11, 2024 in New York City. Angela Weiss | Afp | Getty Images Demand for New York City office space has finally returned to pre-pandemic levels, driven by an influx of new…
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Samsung fourth-quarter profit falls short of estimates as AI demand remains strong
Read Latest News Customers shop at a Samsung mobile store inside a shopping mall in New Delhi. Reuters | Anindito Mukherjee Samsung Electronics on Friday reported better-than-expected fourth-quarter revenue and operating profit, though its operating profit sharply dropped from last quarter. Here are Samsung’s fourth-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts…
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Fed’s Powell has had no contact with Trump after president said he’ll demand rates drop
Read Latest News Federal Reserve Chair Jerome Powell said Wednesday he has not spoken to President Donald Trump since the newly inaugurated president told business leaders he would demand the central bank lower interest rates. Speaking after the central bank’s decision to hold interest rates steady, Powell said he has had “no contact” with the…
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Mortgage demand drops further, even as interest rates settle
Read Latest News A for sale sign is displayed outside of a home for sale on August 16, 2024 in Los Angeles, California. Patrick T. Fallon | AFP | Getty Images Mortgage rates didn’t move last week, but demand for new home loans continued to weaken. Both home buyers and current homeowners are hampered by…
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ASML CEO sees low-cost AI models like DeepSeek driving more demand
Read Latest News Dutch semiconductor equipment maker ASML expects new low-cost models like the one rolled out by China’s DeepSeek to lead to more — rather than less — demand for AI chips, CEO Christophe Fouquet told CNBC Wednesday. ASML beat estimates on both sales and profit for the fourth quarter and said it had…
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Consumer is really healthy, changing pricing off of demand patterns
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jason Liberty, Royal Caribbean president and CEO, joins ‘Money Movers’ to discuss the company’s quarterly earnings results, the company’s pricing, and much more. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan…
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Aerial firefighting companies’ new challenge: Keeping up with demand
Read Latest News As out-of-control wildfires threatened thousands of Los Angeles residents earlier this month, the companies that fight infernos from the air raced to send their air tankers and water bombers to the area. It was supposed to be the off-season. The California Department of Forestry and Fire Protection, or Cal Fire, has more…
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President Donald Trump says he’ll ‘demand that interest rates drop immediately’
Read Latest News President Donald Trump lobbed his first volley at the Federal Reserve, saying Thursday that he will apply pressure to bring down interest rates. Speaking to an assembly of global leaders at the World Economic Forum in Davos, the new president in a wide-ranging policy speech did not mention the Fed by name…
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This coaching gig is growing in demand on Upwork and can pay $179 an hour
Read Latest News It’s a tough job market out there. The number of applicants per job on LinkedIn jumped from 1.5 in 2022 to 2.5 in 2024, according to the site, signaling steeper competition. Nearly half, 49% of Americans say the job search has gotten harder in the last year and 68% of HR professionals…
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Polestar expects delayed profitability as demand for EVs weakens, competition hurts
Read Latest News Polestar 3 Courtesy: Polestar Polestar‘s CEO said on Thursday it would take longer for the Swedish EV maker to be profitable after the company reported it sold fewer cars in 2024 than it had projected, sending the company’s U.S.-listed shares down about 9% in premarket trading. The company, backed by China’s Geely,…
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TSMC fourth-quarter profit beats expectations on strong AI chip demand
Read Latest News A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP) Amber Wang | Afp | Getty Images Taiwan Semiconductor Manufacturing Company‘s fourth-quarter revenue and profit beat expectations, as demand for advanced chips…
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Mortgage demand is mixed, as interest rates hit highest level since May
Read Latest News A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage demand started this year stronger than it did last year, even though interest rates are higher. Total mortgage application volume last week was 7% higher than the same week one year…
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Deutsche Bank upgrades this real estate stock due to strong demand for data centers
Read Latest News Digital Realty Trust could be due for solid gains moving forward as demand for data centers shows little signs of slowing, according to Deutsche Bank. The firm upgraded the data center real estate investment trust to buy from hold, and raised its price target to $194 per share from $185. That forecast…
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Crypto ETFs have opening to innovate in 2025, but demand may be weak
Read Latest News Omer Taha Cetin | Anadolu | Getty Images Crypto ETFs may be entering a year of innovation, with new funds and new approaches, but don’t expect demand to match what was seen in the first year of bitcoin ETFs. Bitcoin exchange-traded funds debuted a year ago and have been hailed as one…
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These are the top 4 best jobs of the year, says new report—all pay 6 figures, are in high demand
Read Latest News Veterinarians have the best job around, according to a new report from Indeed that highlights the top 25 jobs for the year. The analysis, which highlights in-demand jobs with high pay, considers professions that have a minimum salary of $75,000 per year, have grown at least 20% in postings on Indeed over…
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Health care jobs are in demand in 2025 — one can pay $385,000
Read Latest News Jose Luis Pelaez Inc | Digitalvision | Getty Images The health sector holds many of the best job opportunities for workers in 2025, due to factors like high labor demand and pay, according to a new ranking from job search site Indeed. Health care roles account for five of the top 25…
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Travel demand has come back very strongly, says Star Alliance CEO
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Theo Panagiotoulias, CEO of Star Alliance, talks about the post-pandemic rebound in the travel sector, and some of the key regions and routes he’s watching in 2025. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s…
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‘Will Pay Any Amount:’ Private Firefighters Are in Demand in L.A.
Read Latest News Monument Street, which cuts through the center of Pacific Palisades, tells two starkly different stories of the fire that has engulfed the community. On one side, lots where multimillion-dollar houses once stood are now ash and rubble. On the other, an outdoor shopping mall whose tenants include Chanel, the men’s clothier Buck…
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‘Will Pay Any Amount:’ Private Firefighters Are in Demand in L.A.
Read Latest News Monument Street, which cuts through the center of Pacific Palisades, tells two starkly different stories of the fire that has engulfed the community. On one side, lots where multimillion-dollar houses once stood are now ash and rubble. On the other, an outdoor shopping mall whose tenants include Chanel, the men’s clothier Buck…
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U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
Read Latest News America’s efforts to cut its climate change pollution stalled in 2024, with greenhouse gas emissions dropping just a fraction, 0.2 percent, compared to the year before, according to estimates published Thursday by the Rhodium Group, a research firm. Despite continued rapid growth in solar and wind power, emissions levels stayed relatively flat…
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U.S. Efforts to Cut Emissions Stalled in 2024 as Power Demand Surged
Read Latest News America’s efforts to cut its climate change pollution stalled in 2024, with greenhouse gas emissions dropping just a fraction, 0.2 percent, compared to the year before, according to estimates published Thursday by the Rhodium Group, a research firm. Despite continued rapid growth in solar and wind power, emissions levels stayed relatively flat…
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Rolls-Royce says super rich fueling a demand boom for bespoke models
Read Latest News The grill of a Rolls Royce motor car in view of residential properties in Mayfair in London, UK, on Monday, Oct. 28, 2024. Bloomberg | Bloomberg | Getty Images British luxury carmaker Rolls-Royce Motor Cars on Wednesday said it is investing over £300 million ($369.9 million) to expand its global headquarters, citing…
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Mortgage rates hit highest level since July, crushing application demand
Read Latest News Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates last week moved higher for the fourth week in a row. That caused already very weak mortgage demand…
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These midcap utilities are a play on data center demand, Morningstar says
Read Latest News Utilities surged in 2024 as investors sought a way to play the burgeoning artificial intelligence trend, but attractive opportunities still exist for those willing to do the legwork, according to Morningstar energy and utilities strategist Travis Miller. The utilities sector climbed nearly 20% last year, led by the likes of Vistra Corp…
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Global chip stocks climb on Foxconn results, AI server demand
Read Latest News Jakub Porzyck | Nurphoto | Getty Images Global semiconductor stocks climbed on Monday after contract electronics giant Foxconn announced record fourth-quarter revenues, suggesting the artificial intelligence boom has far more room to run. Hon Hai Precision Industry, which does business as Foxconn internationally, said in a Sunday statement that the company’s fourth-quarter…
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Foxconn beats estimates with record fourth-quarter revenue on AI demand
Read Latest News A man with a face mask walks past the logo of Foxconn, or Hon Hai Group , which is Taiwans technology giant and the worlds leading producer of semiconductors or chips particularly for Apples devices, amid COVID-19 outbreak , in Taipei, Taiwan, 15 July 2021. Ceng Shou Yi | Nurphoto | Getty…
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Mortgage demand dives nearly 22% to end 2024
Read Latest News A home for sale in Austin, Texas, on May 22, 2024. Brandon Bell | Getty Images A sharp rise in mortgage interest rates toward the end of December took its toll on mortgage demand, hitting just as the housing market entered its typically slowest stretch of the year. Total mortgage application volume…
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Retail real estate sees big demand as investment volume surges in Q3
Read Latest News CNBC’s Diana Olick reports on a comeback in the real estate industry. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top Treasures &…
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Expect Eaton to keep profiting from AI's spiraling demand for computing power
Read Latest News A big backlog of projects should keep the company busy for the foreseeable future. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Three power stocks have soared on AI demand — the rally may just be starting
Read Latest News The power sector’s tremendous rally on demand for electricity from artificial intelligence may just be getting started, with three stocks in particular poised for more upside next year, according to analysts. Constellation Energy , Vistra Corp. and Talen Energy soared in 2024 as investors realized that the independent power producers had nuclear…
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Trump says he might demand Panama hand over canal
Read Latest News A cargo ship leaves the Panama Canal in Panama City on June 17, 2024. Martin Bernetti | APF | Getty Images President-elect Donald Trump on Saturday accused Panama of charging excessive rates for use of the Panama Canal and said that if Panama did not manage the canal in an acceptable fashion,…
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Norwegian Cruise Line CEO on consumer demand and strength of the economy
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Harry Sommer, Norwegian Cruise Line CEO, and CNBC’s Seema Mody join ‘The Exchange’ to discuss the state of the consumer, his outlook on Norwegian and the cruise industry going into next year, and more. Source Link ~ Read More…
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Mortgage demand drops for the first time in 5 weeks, after interest rates rise
Read Latest News Jeff Greenberg | Universal Images Group | Getty Images Mortgage rates moved markedly higher last week, causing overall mortgage demand to drop. Total application volume fell 0.7% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. That was the first decline in five weeks. The average contract…
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Elon Musk says SEC sent ‘settlement demand’ after Twitter deal probe
Read Latest News SEC Chair Gary Gensler participates in a meeting of the Financial Stability Oversight Council at the U.S. Treasury in Washington, D.C., July 28, 2023. Kevin Dietsch | etty Images The Securities and Exchange Commission has issued a “settlement demand” to Elon Musk, the tech billionaire disclosed in a social media post on…
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Singapore workers afraid to admit AI use at work, amid demand for AI talent
Read Latest News AI adoption is on the rise in Singapore, with 52% of workers in the country using the technology in their jobs, according to Slack’s new Workforce Index. Primeimages | E+ | Getty Images The use of artificial intelligence has grown across industries globally, but there is still some confusion over how to…
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As New Jersey’s drone mystery deepens, local officials demand answers
Read Latest News Unidentified drone in New Jersey. Source: MSNBC Middletown Mayor Tony Perry needs answers. The constituents of his New Jersey township want to know what is going on with the strange lights that have been hovering in the night sky for weeks. “I’m not sure how I can go back to my residents…
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Mortgage refinance demand surges 27%, as interest rates drop for the third straight week
Read Latest News CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest weekly mortgage data. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Mortgage refinance demand surges 27%, as interest rates drop for the third straight week.
Read Latest News A completed planned development is seen in Ashburn, Virginia, on Aug. 14, 2024. Andrew Caballero-Reynolds | AFP | Getty Images Mortgage rates fell again last week, and while the drop wasn’t huge, it was enough to spur current homeowners to look for some savings. The surge in refinances was behind a 5.4%…
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NY AG Letitia James refuses Trump’s demand to drop fraud case
Read Latest News Former U.S. President Donald Trump attends the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, at a Manhattan courthouse, in New York City, U.S., October 3, 2023. Shannon Stapleton | Reuters The New York Attorney General’s Office…
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Goldman Sachs upgrades Norwegian Cruise Line to ‘buy’ as demand accelerates
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Lizzie Dove, Goldman Sachs analyst, joins ‘Money Movers’ to discuss the firm’s bullish call on Norwegian Cruise Line, where the new demand for cruises is coming from, and if the cruise industry has discipline. Source Link ~ Read More…
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OPEC+ oil output delay a reality check as group eyes demand: Saudi
Read Latest News The OPEC+ “precautionary” decision to postpone crude production hikes until after the first quarter bides the group time to assess developments in global demand, European growth and the U.S. economy, according to the coalition’s chair, Saudi Energy Minister Abdulaziz bin Salman. On Thursday, the oil producers’ alliance agreed to extend several output…
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Lilly invests $3 billion to expand Wisconsin plant as obesity drug demand soars
Read Latest News A sign with the company logo sits outside of the headquarters of Eli Lilly in Indianapolis, Indiana, on March 17, 2024. Scott Olson | Getty Images Eli Lilly said on Thursday it will invest $3 billion to expand the manufacturing plant it bought in Pleasant Prairie, Wisconsin earlier this year, as it scrambles…
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Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month
Read Latest News CNBC’s Diana Olick joins ‘Squawk Box’ to break down the latest mortgage applciation data. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t miss out on these Top…
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Homebuyer demand for mortgages jumped 6%, as interest rates fell to the lowest level in over a month
Read Latest News Prospective buyers attend an open house at a home for sale in Larchmont, New York, US, on Sunday, Jan. 22, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images Potential homebuyers are responding to lower mortgage rates and a higher supply of homes for sale. That fueled mortgage demand last week, as consumers…
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Drone pilots are in high demand — but what is the job really like?
Read Latest News They’re some of the world’s most in-demand tech jobs – but what does a day in the life of a drone pilot look like? CNBC looked at the most current and cutting-edge drone jobs in three different industries. From rescue missions, filming travel videos, to inspecting buildings for signs of corrosion, they’re…
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Demand for IT support roles is at an all-time high: Google exec
Read Latest News IT support might not be one of the most glamorous tech jobs, but it’s a smart path to consider if you’re looking for a career that pays well and offers strong job security. Often overlooked as a behind-the-scenes job, IT support offers competitive salaries, diverse opportunities and flexibility that many fail to…
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Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months
Read Latest News The Good Brigade | Digitalvision | Getty Images Mortgage rates dropped last week, and homebuyers jumped off the fence. They drove total mortgage demand up 6.3% compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan…
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CrowdStrike raises annual forecast on steady cybersecurity demand
Read Latest News CrowdStrike Holdings Inc. signage on the floor of the New York Stock Exchange on July 22, 2024. Michael Nagle | Bloomberg | Getty Images Cybersecurity firm CrowdStrike raised its annual revenue and profit forecasts and beat third-quarter revenue on Tuesday, betting on growing demand for cybersecurity services amid growing online threats. Businesses…
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United Wholesale Mortgage CEO talks mortgage refinancing demand
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Closing Bell: Overtime Mat Ishbia, United Wholesale Mortgage CEO, joins ‘Closing Bell Overtime’ to talk mortgage rates, refinancing demand, and more. 04:57 19 minutes ago Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures…
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Rising air travel demand has created an opportunity in these bonds, says Nuveen
Read Latest News As Americans flock to airports this Thanksgiving weekend, they may notice a lot of crowds — and, perhaps, construction. If they look beyond their travel plans, they may even spy an investment opportunity, according to Nuveen. The Transportation Security Administration is expecting one of the busiest Thanksgiving travel periods on record for…
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Bath & Body Works forecasts smaller drop in annual sales on strong holiday demand
Read Latest News Products are displayed at a Bath & Body Works store in Hayward, California, on June 12, 2024. Justin Sullivan | Getty Images Bath & Body Works on Monday raised its forecast for full-year adjusted profit and said it expects a smaller drop in annual sales, helped by steadfast demand for its personal…
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Robotics engineers are in high demand — so what is the job like?
Read Latest News They’re some of the world’s most in-demand tech jobs, but what does a day in the life of a robotics engineer look like? CNBC got a first-hand look at how robots are transforming three very different industries. From the operating theater to the factory floor and the testing laboratory, robots have transformed…
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Why demand for New York City office space is moving higher again
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Scott Rechler, chairman and CEO of RXR, joins CNBC’s ‘Squawk Box’ to discuss return to office trends, the next decade of New York City real estate, and more. Source Link ~ Read More News like this ~ Don’t Miss…
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Wells Fargo says GE Vernova is a buy as AI energy demand grows
Read Latest News GE Vernova can help meet the massive energy demands from artificial intelligence, according to Wells Fargo. The firm initiated coverage of the energy company with an overweight rating. Its price target of $385 implies more than 12% upside from Wednesday’s close. The company was spun off from General Electric earlier in 2024…
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This uranium miner could jump 11% on nuclear demand, low geopolitical risk
Read Latest News Canadian uranium miner Cameco Corporation is well positioned for growth on rising demand for nuclear power in the U.S. and less exposure to global geopolitical risk, according to Goldman Sachs. Goldman raised its 12-month price target for Cameco to $64 per share implying about 11% upside from Tuesday’s close of $57.46, as…
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Weekly mortgage demand inched up, despite higher interest rates. Here’s why.
Read Latest News Single-family homes in a residential neighborhood in San Marcos, Texas. Jordan Vonderhaar | Bloomberg | Getty Images After flatlining the week before, mortgage demand rose last week, despite mortgage rates rising for the fourth straight week. Total application volume increased 1.7% compared with the previous week, according to the Mortgage Bankers Association’s…
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Lawmakers Demand Ethics Report on Gaetz, Trump’s Attorney General Pick
Read Latest News Republicans and Democrats alike insisted that the findings of the House Ethics Committee, which has been investigating the Florida Republican for years over sexual misconduct and other charges, be made public. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the…
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Mortgage demand stalls as financial markets digest Trump presidency
Read Latest News Residential homes in Discovery Bay, California, US, on Thursday, Nov. 7, 2024. Mortgage rates in the US increased to the highest level since July. David Paul Morris | Bloomberg | Getty Images Mortgage rates continued to climb last week as investors considered the future of the economy under a Trump presidency. The…
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Trump’s Demand to Skirt Senate Confirmations Poses Early Test of a Radical Second Term
Read Latest News The once and future president is pushing Republicans to systematically abdicate the Senate’s constitutional role in vetting his nominees. Source Link ~ Read More News like this ~ Don’t Miss Amazon’s Top Treasures & Fan Favorites! Click to see the hottest picks everyone’s talking about! ~ AliExpress’s Most-Loved Finds Are Here! Don’t…
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Mortgage demand stalls as interest rates surge higher ahead of election
Read Latest News A “For Sale” sign in front of a home in Atlanta, Georgia, US, on Wednesday, Sept. 18, 2024. Elijah Nouvelage | Bloomberg | Getty Images Mortgage rates rose last week for the fourth time in five weeks, causing another pullback in refinancing. Total mortgage application volume was essentially flat, falling 0.1% compared…
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Vitol eyeing metals market as oil demand to peak in 10 years, CEO signals
Read Latest News Russell Hardy, chief executive officer of Vitol Services Ltd. Bloomberg | Bloomberg | Getty Images SINGAPORE — Vitol is eyeing the metals market with global petroleum demand expected to peak in a decade, signaled Russell Hardy, CEO of Vitol, the world’s largest independent energy trader. “The petroleum, the oil business, we still…
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China sees global airlines cut flights or quit totally amid weak demand
Read Latest News British Airlines, Qantas and Finnair are some of the airlines that are reducing services to China. Nicola Economou | Nurphoto | Getty Images Major global airlines are reducing services and, in some instances, withdrawing from China altogether as longer routes to Asia following the closure of Russian airspace have raised operational costs,…
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Nintendo cuts Switch sales forecast to 12.5 million as demand fades
Read Latest News Mario poses at the “SUPER NINTENDO WORLD” welcome celebration at Universal Studios Hollywood on February 16, 2023 in Universal City, California. Rodin Eckenroth | Getty Images Entertainment | Getty Images Nintendo on Tuesday cut forecast for Switch sales for its fiscal year ending March 2025 as demand wanes for its ageing console.…
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Weekly mortgage demand tanks 11% as interest rates surge higher
Read Latest News An “Open House” flag is seen in front of a home for sale in Alhambra, California, on Jan. 18, 2024. Frederic J. Brown | AFP | Getty Images Mortgage rates rose again last week, pulling demand from both the refinance and purchase markets. Total mortgage application volume dropped 10.8% compared to the…
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Booking Holdings beats earnings estimates amid resilient demand for international travel
Read Latest News ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Booking Holdings CEO Glenn Fogel joins CNBC’s ‘Squawk on the Street’ to discuss the company’s earnings beat, expectations for the upcoming year, and more. 05:34 Thu, Oct 31 202411:19 AM EDT Source Link ~ Read More News like this…