business news

Tim Bieber | Photodisc | Getty ImagesAmid stock market gyrations, recession fears and loftier payouts, consumers last year pumped a record sum of money into annuities, a type of insurance that offers a guaranteed income stream.Buyers…

Prospective buyers at an open house in Florida.Mike Stocker | South Florida Sun Sentinel | Tribune News Service | Getty ImagesThe average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily.The…

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.The broader market index jumped 1.4%, or…

US President Joe Biden, front, and Ursula von der Leyen, president of the European Commission.Bloomberg | Bloomberg | Getty ImagesThe European Union is working against the clock to create a program to rival President Joe Biden's…

Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBPHong Kong's economy is "in a position to return to expansion," this year, UBP told CNBC's "Squawk Box Asia" on Thursday. "We are seeing signs that…

Stocks gained on Wednesday in an intraday turnaround as investors shook off a quarter-point rate hike from the Federal Reserve and instead focused on comments from Fed Chairman Jerome Powell that acknowledged falling inflation.The…

A "For Sale" sign outside a house in Albany, California, on Tuesday, May 31, 2022.David Paul Morris | Bloomberg | Getty ImagesAfter a stronger start to the year, mortgage demand plunged last week, despite another drop in interest…

Advanced Micro Devices (AMD) reported a fourth-quarter earnings beat Tuesday, despite ongoing weakness in the PC market, demonstrating the semiconductor firm has the wherewithal to continue to grow and nab market share. Revenue jumped…

Euro zone inflation dips for a third straight month as energy prices continue to fallInflation in the euro zone came in at 8.5% in January, according to preliminary data released Wednesday.The 20-member region has gone through…

Lisa Su, president and chief executive officer of Advanced Micro Devices Inc. (AMD).Bridget Bennett | Bloomberg | Getty ImagesAMD and Intel are fierce competitors in a difficult market for chips, but one has a much brighter short-term…