For potential homebuyers, the U.S. housing market is hard to read right now.Affordability remains an obstacle, with elevated mortgage rates and a median home price of $442,000 — up 0.9% from a year ago, according to Redfin data.However, inventory is rising in many markets, especially in the South, giving buyers more leverage to negotiate prices. Redfin expects home prices to decline 1% year over year by the end of 2025, a forecast that aligns with Zillow’s projected 1.4% drop over the same period.Overall, the market is “a mixed bag,” says Ben Jacobs, a real estate broker with Douglas Elliman. “On…
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Former Starbucks CEO Howard Schultz drinks from a Starbucks mug while testifying before a Senate Health, Education, Labor, and Pensions Committee hearing to answer questions about the company’s compliance with labor law on Capitol Hill in Washington., U.S., March 29, 2023. Julia Nikhinson | ReutersLAS VEGAS, NEV. — Former Starbucks CEO Howard Schultz said Wednesday that he “did a cartwheel” in his living room when current chief executive Brian Niccol first coined his “back to Starbucks” strategy.The enthusiasm from the 71-year-old Starbucks chairman emeritus is a key stamp of approval for Niccol as he tries to lift the company’s slumping sales…
Chip engineer handling a wafer. Compared to Nvidia’s export-restricted chips, the performance gap between Huawei and the H20 is less than a full generation,” said Dylan Patel, founder, CEO and chief analyst of SemiAnalysis.Sinology | Moment | Getty ImagesWith the U.S. restricting China from buying advanced semiconductors used in artificial intelligence development, Beijing is placing hopes on domestic alternatives such as Huawei. The task has been made more challenging by the fact that U.S. curbs not only inhibit China’s access to the world’s most advanced chips, but also restrict availing technology vital for creating an AI chip ecosystem. Those constraints span the entire semiconductor…
U.S. Middle East envoy Steve Witkoff at Diriyah Palace, in Riyadh, Saudi Arabia, February 18, 2025.Evelyn Hockstein | ReutersU.S. Special Envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday and discuss Iran’s response to a recent American proposal for a nuclear deal, a U.S. official said late on Wednesday.Iran said on Monday it will soon hand a counter-proposal for a nuclear deal to the United States in response to a U.S. offer that Tehran deems “unacceptable,” while U.S. President Donald Trump said talks would continue.Trump told a podcast on Monday he was less confident that Iran will agree to stop uranium enrichment in a nuclear…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailOn today’s episode of CNBC Crypto World, major cryptocurrencies climb after it was revealed that consumer prices rose less than expected in May as President Trump’s tariffs had yet to show significant impact on inflation. Plus, two House committees advanced the CLARITY Act crypto market structure bill, which now moves to the House floor. And, Stellar CEO Denelle Dixon discusses a new partnership between the Stellar blockchain and PayPal.10:49Wed, Jun 11 20253:10 PM EDT Source link
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailMariana Zobel de Ayala of Ayala Corporation says expanded public-private partnerships in infrastructure will be critical to achieving the Philippine government’s goal of boosting tourism’s share of the economy. Source link
The U.S. Department of the Treasury building is seen in Washington, D.C., on Jan. 19, 2023.Saul Loeb | Afp | Getty ImagesThe U.S. government drifted further into red ink in May, with a burgeoning debt and deficit issue getting worse, the Treasury Department reported Wednesday.After running a short-lived surplus in April thanks to tax season receipts, the deficit totaled just more than $316 billion for the month, taking the year-to-date total to $1.36 trillion.The annual tally was 14% higher than a year ago, though the May 2025 total was 9% less than the May 2024 shortfall.Surging financing costs were again…
The ‘Fast Money’ traders talk if the energy trade is back on track. Source link
Ali Ghodsi, co-founder and CEO of Databricks, speaks at the company’s Data and AI Summit in San Francisco on June 11, 2025.Jordan Novet | CNBCDatabricks, a data analytics software vendor, said on Wednesday that it expects to generate $3.7 billion in annualized revenue by July, with year-over-year growth of 50%.CFO Dave Conte delivered the numbers at a briefing for investors and analysts tied to the company’s Data and AI Summit in San Francisco on Wednesday. Growth in the October quarter was 60%, Databricks said in late 2024.Databricks is one of the most highly valued tech startups, announcing in December that…
Elon Musk, during a news conference with President Donald Trump on May 30, 2025 inside the Oval Office at the White House in Washington. Tom Brenner | The Washington Post | Getty ImagesElon Musk’s official role in the Trump administration recently came to an end. Many Republicans won’t be sad to see less of him, according to the results of Quinnipiac University’s latest public opinion survey.While a majority of Republicans still hold a favorable view of Musk, the number fell to 62% in the poll out Wednesday, down from 78% in March, Quinnipiac said.Overall, the Quinnipiac poll found that 30%…
