Mortgage demand drops to a 25-year low, as interest rates climb
Demand for mortgages to buy a home and to refinance fell again, as interest rates kept rising.
CNBC US News
BMW plans to invest $1.7 billion in U.S. to produce electric vehicles
The investment will include $1 billion for production of EVs at BMW's South Carolina plant, and $700 million to build a new battery-assembly facility.
Biden awards $2.8 billion for projects to boost electric vehicle battery manufacturing
The funding is part of the administration's broader push to transition the U.S. away from gas-powered cars to electric vehicles.
United shrugs off recession fears as workers 'untethered from the desk' fuel travel demand
United said it expects another profit for the fourth quarter.
Wall Street eyes auto industry earnings for signs of 'demand destruction'
Wall Street will be watching the auto industry's earnings results for signs of weakening consumer demand amid recessionary fears.
SpaceX rolls out Starlink aviation product for satellite internet to private jets
SpaceX rolled out aviation-specific Starlink satellite internet service on Tuesday, with Elon Musk's company looking to expand further into the inflight WiFi market.
Procter & Gamble's earnings beat as higher pricing offsets drop in volume
Shares of Procter & Gamble have fallen 21% this year, dragging its market value down to $306.4 billion.
Apple chipmaker TSMC reportedly considers Japan expansion as China tensions continue
The TSMC news comes as global leaders have voiced concern about Taiwan's continued independence from China.
66% of American workers are worse off financially than a year ago due to inflation, report finds
As the cost of living keeps rising, more Americans are struggling financially. Nearly three-quarters have less in savings than last year.
Millions at risk of losing health insurance if U.S. ends Covid public health emergency in January
When the public health emergency does end, HHS estimates up to 15 million people will be disenrolled from Medicare and the Children's Health Insurance Program.
Why Amazon employees near Albany were divided about joining a union
Workers who voted in favor argued employees should have greater say in company policies, while others expressed skepticism abuot joining a 'startup' union.
Why pickleball has Tom Brady and LeBron James investing
Adobe stock jumps on estimates for next year as strong dollar cuts into growth
Adobe CEO Shantanu Narayen says the company's success continues, but it's not immune from fluctuation in currencies.
Netflix's message to shareholders: Focus on revenue and profit, not subscriber adds
Netflix will no longer forecast customer additions each quarter.
French company fined $777 million and pleads guilty to paying ISIS as terror group killed Westerners
Lafarge SA is settling U.S. criminal charges related to payments to terror group ISIS to maintain safety at a plant in Syria.
The new iPad requires a $9 dongle if you want to use the Apple Pencil
Apple introduced a new iPad on Tuesday, but it requires a $9 dongle if you want to use the Apple Pencil with it.
Biden to ask Congress to codify Roe v. Wade abortion rights protections if Democrats keep control
Biden said he would ask lawmakers to codify the abortion rights protections in the Roe v. Wade decision if Democrats control Congress after the midterms.
People of color face higher risk of flu hospitalization as U.S. faces potentially severe season, CDC says
Flu hospitalizations were 80% higher among Black adults, 30% higher among Native Americans and 20% higher among Hispanics, according to CDC data.
Intel's Mobileye targets $15.9 billion valuation in IPO
Intel is looking to raise as much as $820 million which it will use for working capital and corporate purposes, it said in the filing.
Homebuilder sentiment drops to half of what it was six months ago
Confidence among builders in the single-family home market is at the lowest level since August 2012, with the exception of a drop at the start of the pandemic.
Get complete CNBC business news coverage online. Find the latest regional business news pertaining to the United States of America including headlines & top stories available on the official CNBC site.
Subscribe to CNBC US News feed
#channel