Higher mortgage rates and uncertainty in the broader economy continue to weigh on consumers — and consequently on the nation’s homebuilders. Builder sentiment in June dropped 2 points from May to 32 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). Anything below 50 is considered negative. The index stood at…
The U.S. stock market ripped higher over the past month despite mounting uncertainty around President Donald Trump’s “reciprocal” tariffs and escalating conflict in the Middle East. Since our last Monthly Meeting on May 21 through Tuesday’s close, the S & P 500 jumped 4.2%, while the Nasdaq rose 5.5%. The Dow Jones Industrial Average climbed…
DANA POINT, CALIFORNIA – SEPTEMBER 27: Whitney Wolfe Herd, Founder & CEO, Bumble speaks onstage during Vox Media’s 2023 Code Conference at The Ritz-Carlton, Laguna Niguel on September 27, 2023 in Dana Point, California. (Photo by Jerod Harris/Getty Images for Vox Media) Jerod Harris | Getty Images Entertainment | Getty Images Bumble shares rallied more…
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell is back Wednesday on Capitol Hill, this time speaking to the Senate banking committee as part of his semiannual monetary policy testimony. In his remarks…
A general view of the Centers for Disease Control and Prevention (CDC) headquarters in Atlanta, Georgia. Tami Chappell | Reuters A crucial government panel of vaccine advisors will hold its first meeting Wednesday since Health and Human Services Secretary Robert F. Kennedy Jr. appointed several vaccine critics to the group. Earlier this month, Kennedy in…
An unmanned aerial vehicle (UAV) at the AeroVironment Inc. booth during the Special Operations Forces Industry Conference (SOFIC) in Tampa, Florida, US, on Tuesday, May 17, 2022. Luke Sharrett | Bloomberg | Getty Images AeroVironment stock rocketed more than 20% higher Wednesday as the drone maker beat fourth quarter expectations on the top and bottom…
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Donald Trump is speaking Wednesday at NATO’s annual summit in the Netherlands. Trump’s comments come days after he announced a ceasefire between Israel and Iran. Subscribe to CNBC on…
NEW YORK — Imagine you come from a small town in Texas and you have big dreams of being a country music star. Imagine those aspirations come true, tenfold: You win a couple Academy of Country Music Awards, a CMT Music Award and you have a couple platinum singles to your name. What’s next? If…
Group E action heats up as Inter Milan takes on River Plate in a late kickoff from Seattle. Both clubs are chasing the knockout stage in the FIFA Club World Cup and bring solid form into their first-ever encounter. Here’s everything you need to know about Inter Milan vs. River Plate. When is Inter Milan…
The S & P 500 is close to its all-time high, and BMO thinks there are more gains to be made above that February level. Strategist Brian Belski hiked his S & P 500 year-end target to 6,700 — his original 2025 forecast — from 6,100. The new forecast signals upside of 10% from Tuesday’s…
