Sales of previously occupied US homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, the National Association of Realtors said … Read more
WASHINGTON — As incoming White House chief of staff, one of Susie Wiles ’ vexing challenges will be policing the buffet line of powerful interests who want something from Donald Trump. It’s a world she knows well. During Trump’s first presidency, she lobbied for many of them. Trump was first elected on a pledge to … Read more
As Washington Capitals star Alex Ovechkin closes in on Wayne Gretzky’s all-time goals record, the Great One told CNBC he has nothing but admiration for the player who could soon dethrone him. “Alex has been exceptional for our game,” Gretzky said on CNBC’s “Squawk Box” on Thursday. “I hope I’m the first guy to shake … Read more
McDonald’s plans to bolster its wildly successful meal deal with the addition of a “McValue” initiative in a bid to lure cost-conscious customers and restore its reputation after a deadly a E. coli outbreak. The world’s largest fast-food chain will extend its $5 Meal Deal – which it rolled out in the summer and was … Read more
Reddit was down for thousands of users on Thursday, according to outage tracking website Downdetector.com, a day after the social media company said it had fixed a bug following a recent software update. The company had rolled out a fix for a software bug that prevented tens of thousands of people from accessing the social media platform on … Read more
WASHINGTON — Russia’s third largest bank, Gazprombank and its six foreign subsidiaries were hit with U.S. sanctions on Thursday — in a move intended to curtail Russia’s ability to evade the thousands of sanctions imposed on the nation since the start of Russia’s invasion of Ukraine in February 2022. Treasury Secretary Janet Yellen said the … Read more
Italian visual artist Maurizio Cattelan’s duct-taped Banana entitled “Comedian,” is on display during a media preview at Sotheby’s in New York, on November 8, 2024. Kena Betancur | Afp | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and … Read more
Bilt Rewards, an app that gives customers perks for paying their rent on time, is launching a first-of-its-kind points program for home purchasers. The New York-based startup announced Thursday it has struck a deal with eXp realty – the largest independent real estate company in the world with more than 85,000 agents – who will … Read more
Fashion designer Kenneth Cole is still in fashion more than 40 years after launching his eponymous brand — and he credits New York City for forcing him to get scrappy early in his career and keeping him relevant decades later. “Every day you get up and and you have to kind of rethink what you … Read more
Spirit Airlines CEO Ted Christie was paid a $3.8 million retention bonus a week before the no-frills Florida-based carrier declared bankruptcy, according to a report. Christie, whose company announced last month that it plans to cut an unspecified number of jobs and to sell off some jets worth millions, gets to keep the bonus if … Read more