Unusual holiday home-buying surge pushes mortgage demand higher
An unusual fall surge in home buying is driving mortgage demand higher, even as interest rates rise.
CNBC US News
Europe and Central Asia could suffer another 700,000 Covid deaths by spring as infections soar, WHO says
The continent is facing a surge of infection which has led to a lockdown in Austria and curbs in the Netherlands. Germany is also weighing tougher measures.
Tesla will spend at least $1.06 billion on Texas 'Gigafactory' and hopes to finish it this year, filings show
The permits show that Tesla's previously announced expansion in Austin remains on track to start producing vehicles in the near future.
Rocket Lab CEO says companies not reusing rockets are making 'a dead-end product'
Rocket Lab CEO Peter Beck has dramatically changed his tune on reusing rockets, a practice made increasingly popular by Elon Musk's SpaceX.
Treasury yields rise as investors digest Powell renomination, 10-year yield tops 1.67%
Treasury yields rose on Tuesday, as investors digested the news that Jerome Powell had been renominated to the role of Federal Reserve chair.
Zoom stock closes down 14% after Wall Street slashes price targets
Shares of Zoom fell Tuesday, a day after the video-chat company warned investors of a revenue slowdown. Analysts cut price targets but still seem bullish.
Biden's test drive of electric Hummer helped increase reservations, GM says
Reservations for the vehicle increased sevenfold compared to an average day, as website traffic increased by about 230%, an executive said Tuesday.
Detroit automakers ask union workers to submit Covid vaccination status
The Detroit automakers are asking their roughly 153,000 plant employees represented by the UAW to voluntarily submit their Covid-19 vaccination status.
Justice Department sues to block big sugar merger, warning of price hikes and supply chain strains
Attorney General Merrick Garland's DOJ argued that the sugar merger would raise prices at a time when global supply chains are already under pressure.
Schwab launches its first ESG ETF. Firm's head of strategy on what sets it apart from the pack
The Schwab Ariel ESG ETF's tilt toward small and mid-cap companies differentiates it from its large-cap focused peers, the firm's head of strategy says.
SpaceX is launching a NASA spacecraft that will crash into an asteroid
Elon Musk's SpaceX is set to launch a first-of-its-kind planetary defense mission for NASA in the early hours of Wednesday morning.
Heading into Black Friday, 1 in 3 shoppers are still paying off last year’s holiday debt
Many Americans are still carrying last year’s debt going into the peak holiday shopping season.
Glass bottle shortages put pressure on wine and spirits companies ahead of key holiday season
Glass bottles are in short supply, putting pressure on winemakers and distillers ahead of the holiday season.
Stocks making the biggest moves in the premarket: Best Buy, Zoom Video, Urban Outfitters and more
The stocks making the biggest moves in premarket trading include Best Buy, Zoom Video, Urban Outfitters, and more.
Zoom beats estimates even as revenue growth is poised to slow after pandemic
Zoom indicated that revenue growth will slow to 19% in the current quarter, compared with over 300% growth last year following the onset of the coronavirus.
Elon Musk says Tesla Model S Plaid may launch in China in March
Tesla CEO Elon Musk said that the Model S Plaid vehicle may be launched in China early next spring.
Here’s what Jerome Powell’s second term as Fed chair means to you
The announcement means the central bank will likely stick with its post-pandemic policy on interest rates as inflation rises.
Gottlieb says breakthrough Covid infections more common than people realize due to weak monitoring
Dr. Scott Gottlieb told CNBC that people should get boosters as soon as possible because breakthrough infections are occurring more than the public realizes.
White House says U.S. will not lock down to fight Covid as European nations implement restrictions
"We can curb the spread of the virus without having to in any way shut down our economy," White House coronavirus response coordinator Jeff Zients said.
Tesla hires SEC lawyer, former fed prosecutor as managing counsel
David Misler is a former trial attorney for the SEC, the financial regulator that has repeatedly investigated Elon Musk's electrical vehicle company,
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