valentinrussanov | E + | Getty Images The housing market is hot right now – if you’re a seller. Buyers, on the flip side, are having a harder time finding homes. Americans are aware of the struggles they face in buying a home. More than 70% of US adults believe the housing market is currently … Read more
Fuel prices at a gas station in Bloomfield, New Jersey, on Sunday, March 13, 2022. Gabby Jones | Bloomberg | Getty Images Inflation picked up again in March, which could prompt American households to further cut back on spending. The Consumer Price Index, which measures cost of a group of everyday items, surged 8.5% on … Read more
Moyo Studio | E + | Getty Images As the coronavirus pandemic wears on and government aid sent at the beginning of the crisis runs out, Americans are feeling the impact of tight budgets. One-quarter of Americans said they felt financially stressed all the time last year, according to a CNBC + Acorns Invest in … Read more
A “now hiring” sign is posted in the window of a restaurant in Los Angeles, California on January 28, 2022. Frederic J. Brown | AFP | Getty Images The latest nonfarm payroll report shows a labor market nearing a recovery to pre-pandemic levels, but small business owners across the US say that finding and keeping … Read more
Take a look at some of the biggest movers in the premarket: Berkshire Hathaway (BRK.B) – Berkshire reported record annual profit in 2021, helped largely by its investment in Apple (AAPL). Berkshire also bought back a record $ 27 billion in stock last year, but the pace of buybacks slowed during the fourth quarter. Berkshire … Read more
Joe Raedle | Getty Images News | Getty Images The latest Consumer Price Index reading, the highest in four decades, is not the only sign that inflation is extending rather than giving up its hold over the US economy in 2022. An increasing number of American small businesses say they are now passing on higher … Read more
Check out the companies making headlines before the bell: Under Armor (UAA) – The athletic apparel maker reported an adjusted quarterly profit of 14 cents per share, doubling consensus estimates, with better-than-expected revenue. Under Armor saw strong demand for its athletic wear and was also helped by higher prices implemented to counter increased costs. However, … Read more
CNBC’s Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street. The “Mad Money” host’s lookahead came after the S&P 500 and Nasdaq Composite posted their best weeks so far in 2022, finishing 1.5% and 2.4% higher, respectively. “This week we saw the true colors of what … Read more
Nearly one-third of undergraduates borrow money from the federal government to pay for college. That’s about 43 million Americans who owe a staggering total of nearly $ 1.6 trillion in outstanding student loans. A new survey found that 54% of federal student loan borrowers said taking on that debt was not worth it. Overall, however, … Read more