As mortgage rates stagnate around 6%, prospective homebuyers are feeling nostalgic for the 3% interest rates of 2020 and 2021. Google search results for the term “assumable mortgage”…
Read more How a rare type of mortgage is landing homebuyers a 3% rateRecord inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for homeowners…
Read more Home valuations are rising faster than incomes. Here’s why that could hurt homeowners’ walletsBefore co-founding biotech startup Inceptive, Jakob Uszkoreit had an idea that would eventually make generative artificial intelligence possible. As a researcher at Google in 2017, Uszkoreit was trying…
Read more After leaving Google, Jakob Uszkoreit started Inceptive to apply AI to drug developmentNorway boasts the highest electric vehicle adoption rate in the world. Some 82% of new car sales were EVs in Norway in 2023, according to the Norwegian Road…
Read more What the U.S. can learn from Norway when it comes to EV adoptionA group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that…
Read more Why U.S. renters are taking corporate landlords to courtThe job market looks solid on paper. Over the course of 2023, U.S. employers added 2.7 million people to their payrolls, according to government data. Unemployment hit a…
Read more Economists say the labor market is strong — but job seekers don’t share that confidence. Here’s whyWhen Apple announced the iPhone in 2007, Steve Jobs called it a “revolutionary product” in a handset category that he said needed to be reinvented. Now, nearly two…
Read more How the Apple iPhone became one of the best-selling products of all timeIn November, CNBC visited Apple’s campus in Cupertino, California, to get a look inside one of the company’s many chip labs. CNBC also got a rare chance to…
Read more Apple executives Johny Srouji and John Ternus speak about Apple's growing chip business — full interviewIn the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt…
Read more Zombie firms are filing for bankruptcy as the Fed commits to higher ratesU.S real estate investment trusts today manage $4.5 trillion in real estate worldwide. Many groups on Wall Street offer these tax-friendly funds to retail investors. KKR’s real estate…
Read more How Wall Street’s REIT giants are reshaping U.S. real estateThe Ukrainian counteroffensive that launched in June against Moscow’s invasion has run into a Russian wall. In the run-up to the Ukrainian push, weapons from Western allies —…
Read more Can expensive, American-made weapons like F-16s turn the tide in Ukraine’s war against Russia?For many Americans, payday can’t come soon enough. As of June, 61% of adults are living paycheck to paycheck, according to a LendingClub report. In other words, they…
Read more Here’s why Americans can’t stop living paycheck to paycheckMayors in cities across the U.S. want to loosen rules that can slow the pace of office-to-residential conversions. In some instances, cities have offered generous tax abatements to…
Read more East Coast mayors call for more office-to-apartment conversionsShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Some U.S. mayors are loosening up rules that determine how developers convert office buildings into…
Read more Here’s what’s stopping cities from converting offices into apartmentsSince the company’s collapse during the 2008 recession, Citigroup’s stock has continuously struggled, with shares falling more than 30% over the past five years. In response, Jane Fraser,…
Read more Why Citigroup’s shift to wealth management is a risky betShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Since the company’s collapse during the 2008 recession, Citigroup’s stock has continuously struggled, with shares…
Read more How Citigroup is planning its comebackCigarettes were once prominently displayed in Hollywood films and glossy magazines. But decades of evidence that smoking kills has caused consumption to plummet. The tobacco industry sold fewer…
Read more Marlboro maker Altria’s bet on smoke-free productsIn 2016, Mark Lemoine came home from work and told his wife Karla Lemoine he wanted to quit his job and buy a campground. There was a lot…
Read more This couple quit their jobs and ‘sold everything we owned’ to buy a $1.6 million campground—now it’s worth $6 millionCharles Schwab Corp. is the largest publicly traded brokerage business in the United States with $7.5 trillion of client assets, and is a leading service provider for financial advisors,…
Read more Why Charles Schwab became a financial ‘supermarket’Demand for lithium, a key component for electric vehicle batteries, is expected to surge, from 500,000 metric tons of lithium carbonate in 2021 to three to four million metric tons in…
Read more The rise of Albemarle, the world’s largest lithium producer
