Mortgage demand took a big step back last week, even after interest rates fell further
Total mortgage application volume fell 9% last week compared with the previous week.
CNBC US News
Senators push for airline passenger protections after holiday travel meltdown
Sens. Ed Markey and Richard Blumenthal reintroduced legislation that would strengthen airline passengers' rights.
Colorado River deadline passes with no deal on voluntary water cuts
Arizona, California, Colorado, Nevada, New Mexico, Utah and Wyoming did not reach a deal to voluntarily cut their water usage from the drought-stricken river.
Why AMD is faring much better than Intel in the same tough economy
Neither chipmaker gave full-year guidance, citing economic uncertainty, but the stock market is reflecting how the two companies are diverging.
Amazon layoffs hit workers in robotics, grocery, health and AWS divisions
Amazon earlier this month began a fresh round of job cuts as part of widespread layoffs that are expected to total 18,000.
Snap shares plunge on weak revenue as digital ad struggles continue
Snap missed on revenue in its fourth-quarter earnings report and the company said revenue in the first quarter is likely to drop.
AMD beats on sales and profit but warns of a 10% revenue decline in Q1
AMD reported earnings as many of its rival chipmakers have stumbled in recent weeks, citing lower consumer demand for finished electronics.
New York AG will seek sanctions on Trump, lawyers over 'false' court filings in fraud suit
New York Attorney General Letitia James is suing Donald Trump, the Trump Organization and others over alleged fraud involving false financial statements.
Meta technology chief Bosworth implies company has lost focus
Meta technology chief Andrew "Boz" Bosworth is wistful for the days when Facebook was a startup and had a clearer focus.
GM smashes expectations and guides toward a strong 2023, despite margin squeeze
The strong results and guidance come as the U.S. automotive industry is beginning to normalize after several years of record-low inventories.
General Motors doesn’t expect significant U.S. production of EVs until second half of year
General Motors executives blamed U.S. battery cell plants for the company's slow rollout of EVs.
Rep. George Santos says he won't serve on House committees while investigations are ongoing
Santos informed GOP lawmakers during a closed-door conference meeting that "he's not accepting the committee assignments until things get cleared up."
The Covid pandemic drives Pfizer's 2022 revenue to a record $100 billion
Sales of Paxlovid surged to $18.9 billion in 2022, which was the first full year the antiviral pill was available.
The end of the Covid health emergency won't slow FDA clearance of shots and treatments
The FDA has used separate emergency powers to authorize the Pfizer, Moderna, Johnson & Johnson and Novavax vaccines.
Pfizer expects 2023 sales to decline as much as 33% compared with record-breaking 2022
The pharmaceutical company booked $100.3 billion for full-year 2022, an all-time high.
64% of Americans are living paycheck to paycheck — here's how to keep your budget in check
Rising costs took a toll on household budgets across the board in 2022. These moves can keep your finances in check going forward.
McDonald's profit grows as inflation-weary customers flock to its restaurants
McDonald's is expecting that short-term inflation will continue in 2023.
Manhattan grand jury begins to hear evidence in Trump hush money case: report
Manhattan prosecutors are eyeing Donald Trump over a hush money payment to porn star Stormy Daniels during his presidential campaign against Hillary Clinton.
Important wage inflation measure for the Fed rose less than expected in Q4
The employment cost index increased 1% in the October-to-December period, the Labor Department reported Tuesday.
LA-based Embedded Ventures launches inaugural fund, with focus on national security and space tech
Embedded is led by general partners Jenna Bryant and Jordan Noone, the latter who came to the VC side after co-founding 3D rocket printer Relativity Space.
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