Why mortgage rates are actually going up after the Fed cut interest rates
The 30-year mortgage rate shot up the day after the Federal Reserve cut interest rates.
Larry Ellison $365 billion fortune breaks every rule of wealth management
A version of this article appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Larry Ellison built the world’s second-largest fortune by holding on to his Oracle shares over nearly five decades of ups and downs. At the […]
FedEx (FDX) Q1 2026 Earnings
A Fedex truck is seen during heavy traffic on Sept. 16, 2025 in New York City. Zamek | View Press | Corbis News | Getty Images FedEx beat on the top and bottom lines in its fiscal first-quarter earnings report on Thursday. The stock rose more than 5% in after-hours trading on Thursday. “Despite significant […]
Google searches for ‘help with mortgage’ haven’t been this high since 2009
More people appear to be looking for help with their mortgages, according to internet search trends. But economists say the reality is more nuanced and less alarming.
Comcast’s Versant reports declining annual profit as it prepares to go public
Versant, Comcast’s spinoff of the majority of its NBCUniversal cable network portfolio, is gearing up to go public. The new entity will trade on the Nasdaq under the ticker “VSNT” after the separation, according to a filing with the U.S. Securities and Exchange Commission on Thursday. Investors also became privy to more of Versant’s financials. […]
Russell 2000 scores fresh record for the first time in 4 years. Why the small-cap rally still has room to run.
Despite their recent rally, small-cap stocks remain cheap compared with their large-cap peers, say portfolio managers.
Darden Restaurants (DRI) Q1 2026 earnings
Darden Restaurants on Thursday reported mixed quarterly results, as Olive Garden and LongHorn Steakhouse helped offset weakness in its fine-dining business. The company also raised its full-year forecast for revenue growth, although it only reiterated its projections for its earnings. Shares of the company fell more than 9% in morning trading. Here’s what the company […]
Trump pressure on the media mounting
Show host Jimmy Kimmel delivers his opening monologue at the 96th Academy Awards in Hollywood, Los Angeles, California, U.S., March 10, 2024. Mike Blake | Reuters President Donald Trump’s pressure on media companies is mounting. On Wednesday, the Walt Disney Company pulled “Jimmy Kimmel Live!” off the air “indefinitely” from its ABC network after the […]
Disabled student-loan borrowers are eligible for debt relief. They’re not getting it.
Changes have made the Total and Permanent Disability discharge process a “byzantine system.”
American Express Platinum Card Refresh 2025: $895 fee, $3,500 perks
American Express platinum business card. Courtesy: American Express American Express on Thursday unveiled updates to its flagship credit card amid heightened industry competition over the country’s high spenders. The company said consumer and business versions of its refreshed Platinum card now carry an $895 annual fee, about 29% higher than the current fee of $695. […]
