Pending home sales rose less than expected in March as prices soared
Pending home sales rose less than expected in March, as buyers contend with record low supply and higher prices.
CNBC US News
McDonald's revenue tops pre-pandemic levels, fueled by the strong U.S. recovery
McDonald's beat Wall Street's estimates for its quarterly earnings as net sales topped pre-pandemic levels.
Moderna Covid vaccine can remain stable at refrigerated temperatures for 3 months, company says
The new storage temperature could "facilitate easier distribution to doctor's offices and other smaller settings," Moderna said.
WarnerMedia plans to charge $9.99 per month for ad-supported HBO Max
HBO Max will charge $9.99 per month for its ad-supported HBO Max product, which is set to launch in June, sources say.
Stocks making the biggest moves in the premarket: Facebook, Comcast, Generac, eBay & more
The stocks making the biggest moves in premarket trading include Facebook, Comcast, Generac, eBay, and more.
Facebook revenue rises 48%, driven by higher-priced ads
Facebook beat on both earnings and revenue in Q1, and the stock is up about 5% after hours.
Chip shortages for iPads and Macs may cool Apple's hot streak
It turns out Apple is dealing with the same microchip shortage that has snarled companies and industries around the world.
‘Long Covid’ isn’t well understood but these are possible symptoms, top CDC doctor says
Long Covid is still not well understood, but symptoms can include chest pain, difficulty breathing and trouble thinking clearly.
Ford expects to lose half of Q2 production amid chip shortage, Japan supplier fire
Shares of Ford are up by about 130% over the past 12 months. They’ve risen more than 40% in 2021.
Federal search warrant executed at Rudy Giuliani's NYC apartment
The search was conducted as part of a criminal probe into Giuliani's dealings in Ukraine, The New York Times reported.
Zuckerberg outlines how Facebook will thrive after Apple privacy change
Mark Zuckerberg spent the majority of Facebook's Wednesday earnings call outlining the company's e-commerce strategy as it prepares for life post-iOS 14.5.
Amazon to hike wages for over 500,000 workers
The company said it will spend more than $1 billion on incremental pay raises for over half a million employees.
Shopify surges after e-commerce boom fuels big earnings beat
Shopify warned that revenue growth could moderate this year as Covid-19 vaccine rollout slows the rapid e-commerce adoption experienced during the pandemic.
Apple just recorded a 42.5% gross margin for the quarter, the highest in nine years
Long stuck at around 38%, Apple's gross margin has jumped the past two quarters because of more expensive iPhones and a growing services portfolio.
Apple reports another blowout quarter with sales up 54%, authorizes $90 billion in share buybacks
Apple released on Wednesday its fiscal second-quarter results.
Qualcomm revenue pops 52% on strong smartphone demand
Qualcomm raised its forecast for handset shipments in 2021 as the economy reopens.
Senate votes to restore Obama-era regulation of methane, a climate-warming gas
The Senate vote on methane is the first official reinstatement of one of more than 100 climate regulations dismantled by the Trump administration.
Facebook co-founder says free markets are a myth, U.S. needs new capitalism so everyone can prosper
Facebook co-founder Chris Hughes told CNBC on Wednesday the U.S. needs to create a new version of capitalism that delivers broad economic prosperity.
Powell says he plans to meet with homeless Americans in Washington, DC
Powell, one of the world's most influential economists, has not yet met with members of the homeless encampment near the Fed in Washington.
Fed holds interest rates near zero, sees faster growth and higher inflation
As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month.
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