Business
Traders see the odds of a Fed rate cut by September at 100%
Traders are now 100% certain the Federal Reserve will cut interest rates by September. There are now 93.3% odds that...
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Mortgage refinance demand jumps to a 2-year high, as interest rates drop
Mortgage rates dropped to the lowest level since March last week, sparking swift demand in refinancing. Homebuyers, however, seemed unimpressed....
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GM to increase production of high-performance Cadillac Escalade V8 SUV
DETROIT — General Motors will increase production of its Cadillac Escalade V-Series performance model as part of updates to the flagship SUV for the...
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Fed Governor Christopher Waller sees central bank ‘getting closer’ to an interest rate cut
Federal Reserve Governor Christopher Waller on Wednesday suggested that interest rate cuts are ahead soon as long as there are...
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Gold jumps to record above $2,460 an ounce on hopes Fed will soon cut rates
Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold...
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65-year-old quit his job and emptied his life savings to start a business — now he’s worth $11 billion
This story is part of CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the...
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John Deere to abandon Pride festival sponsorships following online right-wing pressure campaign
John Deere said Wednesday it would cease lending its name to social events like LGBTQ Pride parades — the latest...
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Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation
Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports...
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