Mortgage demand edged lower for the fourth straight week, according to data released Wednesday, even though interest rates have fallen from their recent highs. Total volume was down 1.8% last week f… [+1834 chars]
McDonald's and Chipotle Mexican Grill say customers squeezed by inflation are choosing cheaper menu items and visiting their restaurants less often, signaling trends that could be hitting the broader… [+4129 chars]
Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures, with Meta Platforms and Qualcomm reporting earnings. XThe stock market rally had big gains Wednesday aft… [+8321 chars]
Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed bot… [+2607 chars]
Federal Trade Commission Chair Lina Khan's lofty vision of bringing challenging cases to expand the bounds of antitrust enforcement is no longer just talk. That's the message sent with the agency's … [+3690 chars]
(CNN) More than 1,000 Lufthansa flights have been canceled so far due to this week's strike action, with more than 130,000 passengers impacted. The German airline announced yesterday it would cancel… [+2967 chars]
Check out the companies making headlines before the bell: Boeing (BA) Boeing posted a wider-than-expected quarterly loss with revenue that fell below consensus estimates. However, Boeing reported po… [+3038 chars]
Kraft Heinz raised its sales outlook for the year after higher prices lifted second-quarter revenue at a double-digit rate even as it sold fewer items. Overall sales fell 0.9% to $6.55 billion, prim… [+325 chars]
Meta CEO Mark Zuckerberg.Drew Angerer/Getty Images <ul><li>Facebook has a new mandate to operate with "increased intensity," Insider first reported. </li><li>An internal memo said it's the "right t… [+2168 chars]
Spotifys second-quarter financial release shows the streaming giant hasnt yet felt the dread hand of the looming global recession. Unlike Netflix, which had to report a fall in its overall customer b… [+1408 chars]
Some liberal media outlets are beginning to fall in line with the Biden administration's spin on redefining what a recession is ahead of the release of potentially devastating economic stats. Econo… [+8028 chars]
We had SK Group at the White House for a meeting today. They're investing billions in producing microchips here at home -- which will help our supply chain and create jobs. The meeting was virtual, … [+141 chars]
